 Get your umbrella because the message from Christine Lagarde today was that its going to be an ugly economy in Europe for awhile.She touted a mild recession but also strongly hinted at rates rising above 3 and thats into an economy thats struggling with high energy costs.In time, it will also be struggling with a high debt burden. Italian 10-year yields rose 25 bps today to 4.11 and its going to be tough for anywhere in the eurozone to bring down deficits until energy is s... 