I would take this more seriously if it did not describe Kazakhstan, which is north of China, as being in Europe.
--- On Tue, 2/10/09, Jordan Hayes <jmhayes at j-o-r-d-a-n.com> wrote:
> From: Jordan Hayes <jmhayes at j-o-r-d-a-n.com>
> Subject: [lbo-talk] A Glance At The Upcoming Eastern European Cataclysm
> To: "LBO" <lbo-talk at lbo-talk.org>
> Date: Tuesday, February 10, 2009, 7:21 PM
> [ This is an interesting, relatively new blog, by a smartie
> ... --JMH ]
>
> As most eyes are glued to CNBC and the exploration of the
> huge financial problem at home, few follow just how bad the
> situation is at fledgling developing economies. With news of
> potential defaults out of Russia, Kazahstan devaluing its
> currency and begging for handouts, and Baltic states
> (Lithuania and Estonia) on the verge of downgrade, things in
> Eastern Europe are getting from bad to worse. This is most
> obvious when looking at the foreign currency exchange rates
> of countries in the region: since September 2008 the Ruble
> has lost 32%, the Polish Zloty 37%, the Hungarian Forint 29%
> and Ukraninian Hryvna 42%.
>
> [ ... ]
>
> http://zerohedge.blogspot.com/2009/02/glance-at-upcoming-eastern-european.html
>
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