The Financial Times reports on the sad state of Iceland's Christmas season, given the country's banking collapse this year, "Iceland gives Christmas frosty reception".
The photo above, from a related FT slide show, is of a partially built building in a Reykjavik suburb -- a suburb that is likely to remain half-built, according to the FT, due to the collapse in credit availability.
Let's hope the FED doesn't do the American dollar what the banks did to Iceland's currency.
ReplyDeleteYou were up at 6:37 AM on Christmas Day? Why?
ReplyDeleteTo open your gifts to me.
ReplyDeleteThanks so much fvor the Brinker Intl. gift cards.