Monday, July 19, 2010
Don't say I didn't warn you
Back on April 5 I suggested caution for anyone planning to invest in Hungary in light of the expected landside win of Fidesz. The victory was indeed a landslide, and guess what? In case you’re not up on the news, here are two stories from Bloomberg: Forint Tumbles to 14-Month Low, Bond Risk Soars on IMF Talks and Hungary Refuses Further Austerity After IMF Talks End.
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Brenda,
ReplyDeleteThanks for the advice. After reading your piece I shorted the f out of Hungarian banks. Alas, it was only in my mind :(
Nice call!
Jorge