Why bunds are bad for you

When investors think of risk from Europe’s sovereign debt crisis, they think of the periphery: Greece, Spain, Ireland, Portugal, perhaps Italy. What they should be thinking of is Germany and its troubled banking sector, says Josh Rosner, managing director of New York-based consultancy Graham Fisher & Co., and author of Reckless Endangerment: How Outsized Ambition, Greed and Corruption Led to Economic Armageddon, a New York Times bestseller. He says Asian investors should con…