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Politics : The Obama - Clinton Disaster -- Ignore unavailable to you. Want to Upgrade?

To: Wayners who wrote (31171)	6/6/2010 11:28:46 AM
From: Hope Praytochange	Respond to of 103300

At the time of this writing, the Forint is trading at 204.33 Forints per Swiss Franc. It was higher on Friday. More importantly, it is approximately 10% lower against the Swiss Franc since March. This means that all of those with Swiss Franc denominated mortgages suddenly owe approximately 10% more. They suddenly have to make payments that are approximately 10% higher. Hungary is worse off fiscally than the US. Can you imagine what it would do to the US real estate market if an appreciable number of home owners suddenly found that they owed 10% more than they had a couple of months ago? How would US citizens react if they had to make 10% higher payments in a high unemployment environment? Do you think Hungary’s real estate market may flounder? Do you think a good number of Hungarians are suddenly poorer? What do you think will happened as this gets worse? seekingalpha.com