07/05/2011 04:50 pm ET | Updated Sep 04, 2011

Europe Debt Crisis Sparks Reminders Of Lehman Brothers

With its high unemployment and stretched balance sheets, today’s US economy can ill-afford a negative shock from abroad. Yet, this is what it is experiencing. And it explains why markets go through bouts of nervousness about the debt crisis in Europe, and why American policymakers are worried about a foreign financial situation that is getting worse by the day.

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