Category Archives: Finans

The world is seeing financial deleveraging on an unprecedented scale in living memory. We are in the beginning of a severe recession. Most commodities peaked in March and have now turned downwards. They will continue to fall as the speculative bubble deflates and actual demand wines in the recession. Oil will be hit as well. […]

We have been warning about Iceland since September 1. 2005. Now finally it is coming. http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2008/03/23/cckrona123.xml I visited Iceland 2005 ago and have been following it closely since. Iceland is a microcosm of what goes wrong in a bubble economy. All the financial companies have cross ownership in each other. The central bank lost control, […]