Tuesday, October 14, 2008

The incredible shrinking economy

If you needed any proof of the dark beast which goes by the name of the global economy, just check out the shit-kicking the economy of Iceland has taken as a result of the crisis precipitated by the sub-prime mortgage debacle in the US. Their stock market is almost 80% down. That's not a typo....

What really shocks me is that nobody is coming to their rescue with anything significant. Not a single country. Except maybe Russia. Like WTF!?

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