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How 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).
by jokull 17y ago
How 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 17y 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 17y agoI hope Greece will get bailed out by the IMF (if bailed out at all) with enough strings attached for some tight bondage.