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 I've been quiet enough. It took me a long time to get on Obama (OBlunder) when in his times he screwed up America along with his sideki...

Monday, January 9, 2012

397. Will the EU feed the Hungary?

Another one bites the dust. Hungary was now downgraded by Ficth to BB+. I forgot to mention Hungary as one of the problem children in the EU. I think we're at about 7 or 8 problem children of the 17 members. Close to HALF! This isn't good. I see several countries withdrawing from the Euro currency, which could really sock it to the Euro. Very little is in sight to fend off more problems, let alone even distinguish short-term overall Euro problems. Meaning? Weaker Euro, Stronger Dollar. This will unsettle the commodities. Only question becomes, will the greedy oil market take advantage of this (demand wouldn't shrink) and OPEC short oil supply to drive the prices up extraordinarily causing more mayhem? Weaker Euro will benefit Germany -- fine manufacturer and exporter even now. They will evidently increase their market share in their products and prosper. A Socialist would look at them to be in better than ever imaginable shape like OUR RICH and "Obama-demand" them to save the "poor and needy" who won't implement the proper austerity programs needed to climb out of the hole they mostly built.  Don't bet on it. Soon they will understand that free handouts won't fix the problem, only exasperate it. The hungry in Hungary will be Hungary hungry folks for quite a while. They will get to sit at the children's table along with Iceland, Greece, Portugal, Spain, Italy, Belgium, with grace said by France, while Germany continues to eat in the elite dining room asking Czechoslovakia to wash the pots and other members to cook the meal. Makes you more appreciable that we got through all this creating our Union and states quite a while back. And, we all spoke the same language. Good luck EU.

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