Another Depression?
Another Depression?
Out of context: Reply #11
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- ukit0
I thought recession at first, but shit like this scares me.
http://www.forbes.com/markets/20…
Iceland is getting closer to becoming the first nation to go bankrupt as a result of the subprime mortgage crisis and resulting squeeze on lending. Late Wednesday afternoon in Europe, Fitch Ratings said it had cut Iceland's long-term sovereign currency issuer default ratings to "BBB-," from "A," putting them firmly in "junk" territory. Moody's also cut Iceland's sovereign rating to "A1," from "Aa1," and said its ratings were on review, according to TradeTheNews.com.
- Yeah, I saw that this morning. Woke me right up.dog_opus