They sound Moody.

Welcome to GD2- the banks and governments have had 80 years since the last Great Depression to get it right.

Better than Latvia.

The rating agencies simply ain't gonna stop rocking the boat until it's 1929 again, will they? Who has appointed or elected them anyway?

Porous Horace: Better than Lattevia.

They sell short on Hungarian bonds too?

Now they're in forint.

This wouldn't be a problem for a country like Turkey, which could just eat itself.

namatad: Kar98: The rating agencies simply ain't gonna stop rocking the boat until it's 1929 again, will they? Who has appointed or elected them anyway?

Well, I voted for them. Clearly you are not one of the privileged few who get to vote for rating boards.

Those guys?

Excuse me, but aren't these the same rating agencies that stamped AAA all over that toxic mortgage CDO shiat from a few years back? I thought so. Where is my .44?

Kar98: The rating agencies simply ain't gonna stop rocking the boat until it's 1929 again, will they? Who has appointed or elected them anyway?

Denial is the most predictable of all human responses. But, rest assured, this will be the sixth time we have destroyed it, and we have become exceedingly efficient at it.

Hector Remarkable: This wouldn't be a problem for a country like Turkey, which could just eat itself.

Turkey's credit rating is worse than Hungary's...

BigNumber12: Oh sweet, I'm going there soon. I wonder what this will mean.

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It will mean what it always means. Hot young girls desperate to earn a few dollars anyway they can. Don't worry, enjoy, when you go off to hell, I'm sure they won't put you in the Dick Cheney Wing.

European socialism is working well, for the United States.

Investment continues to run from Europe and into the hands of the US where it helps our economy.

mc6809e: European socialism is working well, for the United States.

Investment continues to run from Europe and into the hands of the US where it helps our economy.

No it flees to Asia because the U.S. economy is just as bad if not worse.

Besides, Hungary is not news, they're perpetually in a bad state economically. They were supposed to join the Euro back when it was first introduced and now they're saying "maybe 2017" because they just can't get their sh*t together.

If I remember correctly didn't these guys make money off of downgrading USA's credit rating?

Ikahoshi: mc6809e: European socialism is working well, for the United States.

Investment continues to run from Europe and into the hands of the US where it helps our economy.

No it flees to Asia because the U.S. economy is just as bad if not worse.


Flees to Asia? Asia is often the source, you moran.

I foresee a lot of Hungary Hungary Hippos.

mc6809e: European socialism is working well, for the United States.

Investment continues to run from Europe and into the hands of the US where it helps our economy.

===========

Funny thing, but after the fall of communism, most of these countries took advice from American free market guru's. After the free marketeers had finished looting the place, they point the finger and say, "You guys are a bunch of poor losers."

I predict communism coming back bigger and meaner than it ever was.

dragonchild: Kar98: The rating agencies simply ain't gonna stop rocking the boat until it's 1929 again, will they? Who has appointed or elected them anyway?

Denial is the most predictable of all human responses. But, rest assured, this will be the sixth time we have destroyed it, and we have become exceedingly efficient at it.

Hungary?

Fissile: mc6809e: European socialism is working well, for the United States.

Investment continues to run from Europe and into the hands of the US where it helps our economy.

===========

Funny thing, but after the fall of communism, most of these countries took advice from American free market guru's. After the free marketeers had finished looting the place, they point the finger and say, "You guys are a bunch of poor losers."

I predict communism coming back bigger and meaner than it ever was.

Dude..

Eh. i was there in 1989 right when communism was falling apart and it was pretty dismal, gray, and smelled of pollution.

i've been back multiple times since, last time in 2006... The change was fast and significant, but not all for the better.

my understanding is that there were definitely winners and losers in the changeover, and a lot of the winners were the powers in charge under communism.

Some people adapted, learned to live in a more capitalist environment and flourished.. At the same time a lot of "foreign investment" was little more than buying out native industry and supplanting it with foreign interests / products.

I'd love to travel to Hungary sometime. I guide hunting trips and we take out lots of the Hungarian 1%'ers... by their descriptions of their country - it is a paradise... but I think anyone that has a $5000 gun and an extra $15,000 for a hunting trip to Canada probably don't represent the majority of Hungarians.
/Love goulash! Paprika is such an amazing spice!

Little.Alex: I foresee a lot of Hungary Hungary Hippos.

Don't be a Budapest

Kar98: The rating agencies simply ain't gonna stop rocking the boat until it's 1929 again, will they? Who has appointed or elected them anyway?

Hey while you are right, do not forget that voting for people to be in charge has not worked so well lately. It is not a perfect system, even though it is the best we have seen compared to other systems. Mostly because people/corporations can buy legislation.

Well, if everyone is getting bad grades then a B- isn't all that bad, now is it?

Kar98: The rating agencies simply ain't gonna stop rocking the boat until it's 1929 again, will they? Who has appointed or elected them anyway?


Do you mean 1946?

shootsright: If I remember correctly didn't these guys make money off of downgrading USA's credit rating?

Yes that's why it's so easy for them to make the downgrades. They buy the debt, downgrade it and then sell it short.

There is all kind of odd crap happening in Hungary

Fissile: I predict communism coming back bigger and meaner than it ever was.

Because North Korea makes it look sooooo good.

The Beatings Will Continue Until Morale Improves: shootsright: If I remember correctly didn't these guys make money off of downgrading USA's credit rating?

Yes that's why it's so easy for them to make the downgrades. They buy the debt, downgrade it and then sell it short.

That strategy would be a guaranteed loser. You don't want to own an investment as you're trashing it. After you badmouth it and drive the price down, THEN you buy it. But since you're now clued in and know better than to believe the ratings, you should load up big on Hungarian debt and just wait for the market to realize that it's been duped and for the price to shoot up. Go all in, it's a sure thing.

jjorsett: Fissile: I predict communism coming back bigger and meaner than it ever was.

Because North Korea makes it look sooooo good.

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Please. North Korea isn't communism, it a parody of James Bond "super" villains.

"Ha, Ha, Mistle Bond! Now before I kirr you by shoving framing chop stricks up your ass, I must exprain all my evil prans, thereby giving you a chance to escrape."

Where can I buy an Asian super villain suit just like that?

Looks like Hungary needs to make more pron

Drive yields up on American and European debt until default, followed by fleeing to China, who's going to burn out here in a few years or months.

Essentially, the plan now is get in while you still can, make some money, and flee for the safety of an FDIC insured bank account.

Fissile: I predict communism coming back bigger and meaner than it ever was.

According to P.Krug Hungary's recently had an authoritarian political party get control and amend the constitution to guarantee it perpetual control.

What could go wrong?

There is a fascist streak in Hungarian politics like few European countries. They will collapse economically, then politically go further right, and become a rogue state in Europe. This is really not good.

I was there on business a couple years ago. Budapest is a great European city, but its like it has a layer of rust on it from Communism...rusting Soviet infrastructure that hasnt been replaced in twenty years.

freakay: There is a fascist streak in Hungarian politics like few European countries. They will collapse economically, then politically go further right, and become a rogue state in Europe. This is really not good.

I was there on business a couple years ago. Budapest is a great European city, but its like it has a layer of rust on it from Communism...rusting Soviet infrastructure that hasnt been replaced in twenty years.

=========

So Budapest is a lot like Akron, Ohio?

BigNumber12: Oh sweet, I'm going there soon. I wonder what this will mean.

It's a fantastic place. If you like good food, go nuts. And be sure to try Palinka. Trust me.

Fissile: freakay: There is a fascist streak in Hungarian politics like few European countries. They will collapse economically, then politically go further right, and become a rogue state in Europe. This is really not good.

I was there on business a couple years ago. Budapest is a great European city, but its like it has a layer of rust on it from Communism...rusting Soviet infrastructure that hasnt been replaced in twenty years.

=========

So Budapest is a lot like Akron, Ohio?

Geez dude, need a Xanax or something?

The Beatings Will Continue Until Morale Improves: shootsright: If I remember correctly didn't these guys make money off of downgrading USA's credit rating?

Yes that's why it's so easy for them to make the downgrades. They buy the debt, downgrade it and then sell it short.

That's not how it works.