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Here We Go Again: Banks Are Imploding

Another Monday, another extreme market move. This time, though, underlying conditions are changing in an especially serious way. European banks are running into various kinds of trouble that, if not resolved in a hurry, might lead to a replay of the 2008-2009 financial crisis. So keep an eye on Banca Monte dei Paschi in Italy and Deutsche Bank in Germany. As they go, so might go the world in 2016

 

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