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<oembed><version>1.0</version><provider_name>naked capitalism</provider_name><provider_url>https://www.nakedcapitalism.com</provider_url><author_name>Yves Smith</author_name><author_url>https://www.nakedcapitalism.com/author/yves-smith</author_url><title>Is Calm on the European Front Merely a Lull Before an Inevitable Storm | naked capitalism</title><type>rich</type><width>600</width><height>338</height><html>&lt;blockquote class="wp-embedded-content" data-secret="PRv9I6MU2w"&gt;&lt;a href="https://www.nakedcapitalism.com/2010/09/is-calm-on-the-european-front-merely-a-lull-before-an-inevitable-storm.html"&gt;Is Calm on the European Front Merely a Lull Before an Inevitable Storm&lt;/a&gt;&lt;/blockquote&gt;&lt;iframe sandbox="allow-scripts" security="restricted" src="https://www.nakedcapitalism.com/2010/09/is-calm-on-the-european-front-merely-a-lull-before-an-inevitable-storm.html/embed#?secret=PRv9I6MU2w" width="600" height="338" title="&#x201C;Is Calm on the European Front Merely a Lull Before an Inevitable Storm&#x201D; &#x2014; naked capitalism" data-secret="PRv9I6MU2w" frameborder="0" marginwidth="0" marginheight="0" scrolling="no" class="wp-embedded-content"&gt;&lt;/iframe&gt;&lt;script type="text/javascript"&gt;
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</html><description>During the global financial crisis, after each acute phase, there would be a period of relief in which conditions returned to a semblance of normalcy, and policymakers and investors carried on as if acting as if all was well would make it so. Unfortunately, positive thinking provided only temporary relief from the undertow of rising [&hellip;]</description></oembed>

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