The Next Shoe to Fall

Probably like the rest of you, I breathed a sigh of relief when European leaders at least temporarily resolved the continent’s financial crisis.  The jury is still out on how successful the actions are likely to be long term but, lest we forget, there are other short term risks looming on the horizon. Most specifically, as a recent Reuters headline reported, “The United States will likely suffer the loss of its triple-A credit rating from another major rating agency by the end of this year due to concerns over the deficit, Bank of America Merrill Lynch forecasts.”  

Fore warned is forearmed (I hope).

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