The ugly are easy to identify: All the majors.
The US economy looks to be in a soft patch if not at risk of a double-dip recession.
The EU continues to grapple with a sovereign debt crisis so large that it makes the Lehman collapse look like child’s play.
Japan has an aging population, the largest debt in the world and has to contend with the aftermath of a natural disaster of unprecedented proportions.
There are few good places to hide at present as even the global growth trade takes a hit amid concerns that China may grow more slowly in the quarters ahead.
Not hard to see why traders continue to pile into the currency of last resort, the Swiss franc…
