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Of all of the troubles, the problems, the "Risks" that abound in the markets, the global dangers, the biggest, by far, are now in Europe. You can talk about China, the raucous behavior between the Democrats and the Republicans in the United States, the backflip of the Fed, pick any subject that you like and the two upcoming events in Europe overshadow them all. Unless you have a mandate to invest in Europe now, I wouldn't put one plug nickel in this space.
The ratings agencies, the banks, the government, they're all asleep at the