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Economy - International

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“The contagion is definitely spreading and spreading quite rapidly to Portugal, Spain, Ireland and Italy,” Mehernosh Engineer, a credit strategist at BNP Paribas SA in London, wrote in a report today. “Steadily sowing the seeds of a double-dip.”

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Mike Shedlock is a registered investment advisor rep. for SitkaPacific Capital Mangmt. Sitka Pacific is an asset management firm whose goal is strong performance and low volatility, regardless of market direction. (Issue: Goldman Sachs)

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