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 Bill Hionas says European News Continues to Worsen- Bill Hionas says European News Continues to Worsen
- November 25, 2011
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Hungary and Portugal both suffer credit downgrades.
MIAMI, FL - Europe was hit with more downgrades yesterday as Standard & Poor downgraded both Hungary and Portugal's credit ratings to 'junk' level. Both Germany, yes Germany, and Italy suffered disastrous bond auctions in the last two days also. There were few buyers; Germany found itself with 35% of its bonds unsold and Italy had to accept yields that were almost twice as high as before.
In the US, during a short trading day Friday, the gold price first dropped, then recovered. Stocks rose, ...
- View more at: http://www.1888pressrelease.com/bill-hionas-says-european-news-continues-to-worsen-pr-353469.html
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