4 ms·
No One Is to Blame for Anything
- jokull 16y agoHow bad is the recession in the US? Here in Iceland it certainly doesn't feel like what the media seemed to be hoping for (Armageddon).
- cryptnoob 16y agoLooks like officially, it's officially the same as ours. http://timesofindia.indiatimes.com/biz/international-business/Iceland-unemployment-up-sharply-Data/articleshow/5668408.cms http://timesofindia.indiatimes.com/biz/international-busines... As for when/if Armegeddon will hit, everything will be good, until it's not. It will be a non-linear event. Something will happen, somewhere, that will cause a cascade of fast moving events, and then you're in a bread line. You're standing on the edge of a cliff, in a high wind. Sure, you're still fine now, and you may be fine forever. But when you stand on cliffs in high wind, things can happen. I could throw a rock at you. Greece could get bailed out, leading to me-too bail out demands from other countries, leading to euro devaluation, leading to ... Who knows? It's too early for anybody to be getting cocky that it's all over.
- eru 16y agoI hope Greece will get bailed out by the IMF (if bailed out at all) with enough strings attached for some tight bondage.
- jongraehl 16y agoI think it's important to blame Greenspan for everything he got wrong, especially after the embarassing "Maestro" - http://www.amazon.com/Maestro-Greenspans-Fed-American-Boom/dp/0606225307/ http://www.amazon.com/Maestro-Greenspans-Fed-American-Boom/d... TV pundit ripping Greenspan: http://www.youtube.com/v/f4abaHBbMJM&hl=en_US&fs=1& http://www.youtube.com/v/f4abaHBbMJM&hl=en_US&fs=1&#...;