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PIIGS Go Marching Onward…

I wanted to post a quick update since sovereign default has regained traction in the media.  In the credit default swap market, Ireland is viewed as second most risky to Greece.  The sovereign risk scare is spilling over into the US Municipal market and helping to push the dollar higher, stocks and commodities lower, and bringing US interest rates down.

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Posted in Markets, Media, Politics.

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