Europe export recovery in jeopardy

• Rats leave the sinking boat: CIT CEO resigns
• 20% of hedge fund managers found to intentionally misstate their fund size and/or earnings history (holy crap!)
• European Central Bank (ECB) is concerned about euro appreciation; Europe's export-led recovery will stagnate; past material changes to the euro exchange rate have only occurred when the US Fed and other central banks have intervened