Chart Of The Day

Markets, Cycles and the Eurozone

I had to chuckle at this image posted by Fabrizio Goria on Twitter.  It shows the recent market cycle in Europe.  In essence, the overarching problem (an unworkable currency system) remains, but they keep papering over the long-term issue with short-term fixes.  But inevitably, the long-term disease continues to plague the patient so he keeps relapsing.  Rinse, wash, repeat:

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