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I'd heavily advise putting your money into European markets because American and Asian markets are less sustainable. America's economy is headed for disaster, and with more Bush/McCain policies or Obama not being able to change the tide, there is no reason to believe things will get better.

China's economy is dependent on trade with America, and with America becoming more and more poor China's economy will significantly slow down. Europe will also be hurt by America dragging them down, but they are much more sustainable than China.