Think Grand Canyon

August 3, 2012

Things get wackier by the week.  My proposition has been that once a Credit crisis comes to afflict the “core” (gravitating from the “periphery”) the deleterious consequences tend to be irreversible.  As such, with Spain now engulfed in full-fledged financial, economic, political and social crisis, the overall European debt crisis has turned interminable. 


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