When the facts change, I change my mind. What do you do? -- John Maynard Keynes

Sunday, July 8, 2012

Don't tell Ireland and Greece, but Iceland is doing much better

Guess Who’s Emerging From the Crisis? (And don't tell Greece and Ireland who suffer from Eurozone imposed "austerity")--

FT Alphaville » A glimpse of an economy post this crisis: "Iceland, of course. Kitchen-sinked and cleaned-up, the Icelandic central bank has just decided to push up rates by 25 basis points to combat signs of inflation amidst “robust” domestic demand."

The poor  periphery of the Eurozone--a/k/a PIIGS (Portugal, Ireland, Italy, Spain)--they've swallowed the propaganda (necessary to save French and German banks) that there is no other way out but to stay with the euro and suffer. On the other hand, Iceland is really on the upward trajectory.


The Big Picture

Financial Crisis - The Telegraph

JohnTheCrowd.com | The Sailing Website

Craig Newmark - craigconnects