Romania's GDP tumbles by 8.8% in Q2, Hungary's GDP drops by 7.6% in Q2

http://www.marketwatch.com/story/hungarys-gdp-drops-by-76-in-second-quarter-2009-08-13

http://www.marketwatch.com/story/romanias-gdp-tumbles-by-88-in-second-quarter-2009-08-13

 

The dominoes are shaking. When one falls......

Some of the eastern countries have their currencies hard pegged to the Euro. The reserves are running out. If the peg fails, watch out.

 

romanian and hungarian pussies are very cheap now

 

When emerging markets turn into submerging markets.....yada, yada, yada.....

 

germany and france rose by 0.3 percent. so that makes up for it (no way).

http://news.bbc.co.uk/1/hi/business/8198766.stm

 

You're right. In fact, I was born in one of those two countries, and you can blow me for FREE