The European Crisis Cycle: Hope, Relief… And Always Disappointment…(Luciferian…Psycotic…Freaks…)

Sunday, July 8, 2012
By Paul Martin

by Tyler Durden
ZeroHedge.com
07/08/2012

By now we can only hope (pun intended) that everyone has seen the David Einhorn chart showing the circularity of the European “summit-based” decisionmaking process – somewhat relevant since we have had 21 summits since 2008 and Europe has never been in a condition quite as bad as last week when a historic move by the ECB to lower the deposit rate to zero and the refi rate below the critical threshold of 1.00%… and nothing happened (that’s not quite true: JPM, Goldman and Blackrock all made it quite clear European money markets are now officially dead).

The Rest…HERE

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