Is it a real crisis?
Posted on October 18, 2008 - Filed Under Economy, Russia | Leave a Comment
I must admit that I have seen this financial crisis unfold. I have had mixed feelings. On one hand, I have not lost any sleep over giant banks and rich financiers loosing some of their clout and some of their money. Also it is good for the poor that oil prices are falling. On the [...]
Norway must aid Iceland
Posted on October 6, 2008 - Filed Under Economy, European union, US election, Uncategorized | Leave a Comment
Iceland has major financial problems. The currency is in free fall, and interest rates rises sharply. Iceland has already nationalised the third largest bank in the country. This has triggered a debate in Iceland about EU membership and adoption of the euro as currency. I do not not have strong opinions about how Island should [...]