Saturday, October 11, 2008

All I wanted was affordable house prices – and all I got was this lousy global meltdown!

Iceland Teetering Too (8th Oct - but worth a read)

The strategy gave Icelanders one of the world's highest per capita incomes. But now they are watching helplessly as their economy implodes — their currency losing almost half its value, and their heavily exposed banks collapsing under the weight of debts incurred by lending in the boom times.

Posted by whostolemyendowment @ 06:38 PM (334 views)
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