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When Will The Recession End In Iceland?
The United States economy has hit a rough patch to be sure. With the economy in turmoil, Americans losing jobs, homes and taking advantage of credit counseling, there’s no dispute that times are tough. A comparably unthinkable economic disaster has similarly devastated Iceland, even more so than America.
One Icelandic blogger, Hjorter Smarason, describes how the [...]
2008 Recession Is Unstoppable!
A recession in the US appears unavoidable
From the International Herald Tribune
If history is a reliable guide, the recession of 2008 is now unavoidable.
The dismal jobs report released Friday showed overall employment to be lower than it was three months ago. Every time such a slump has occurred since the early 1970s, a recession has [...]