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I suspect one of the weaker eurozone countries like Italy or Spain may be the next to go. Also as the world economies slow down, China will take a hit on their economy.

I’m amazed at the people giddy over the low price of gasoline. We are just beginning to see the rumbling of oil wells being shutdown because at the present price level for a barrel of oil, it costs more to pull the oil out of the ground than they can sell it for.

The world economy is getting closer to the cliff. It will be interesting see where we stand after the first quarter.