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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum

GLD 395.44

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Dec 12 4:00 PM EST

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From: elmatador	11/25/2011 2:04:23 AM
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Hungary Cut to Junk Grade at Moody's After Last-Minute IMF Plea "The first driver of today's downgrade is the uncertainty surrounding the Hungarian government's ability to meet its targets on fiscal consolidation and public sector debt reduction," Moody's said in its statement. "Hungary's recent requests for assistance from the IMF and the EU illustrate the funding challenges facing the country." The forint is the world's worst-performing currency against the euro over the past six months with a 14 percent drop, and plunged to a record-low 317.92 per euro on Nov. 14. It traded at 313.82 at 7:39 a.m. Tokyo time. Read more: http://www.sfgate.com/cgi-bin/article.cgi?f=/g/a/2011/11/24/bloomberg_articlesLV6T726TTDS0.DTL#ixzz1ehMHDSDT This is a test for the theory that if Portugal and Greece could depreciated their currencies they'd recover, Hungary currency is plummeting. Let see if it grows again.

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