Investor Risk Perceptions Shifting "We have identified three levels of risk in the current market: • Least risky Emerging countries that are lenders to the developed world. • Moderately risky The once venerable U.S. is trading like a country in decline. • Most risky Western European nations that do not have the flexibility to lower the value of their currency by printing money (members of the Eurozone)." Full article here: http://www.guildinvestment.com/