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Credit Crisis Abroad: Iceland heading for bankruptcy

It may be a nice place to live, as long as you don’t mind the cold… or the dark, but Iceland could be the first country to declare bankrupcy in the credit crisis. Will the country previously said to have the “highest standard of living in the world” collapse under the weight of its own [...]

Recession Watch: Is the Euro Headed for a Crash?

“But while there seems to have been more or less a straight fight between the States and us (the UK) as to who actually plunges into a recession first, within the last few weeks another strong contender for this dubious prize has emerged. The eurozone now looks like it [...]

Fannie Mae & Freddie Mac Destroy the Dollar

“Fears that the two U.S. mortgage giants, Fannie Mae and Freddie Mac, were on the verge of collapse has seen commentators shrieking about the end of capitalism as we know it. And perhaps they weren’t far wrong.” — David Stevenson by David Stevenson Baltimore – (TFN):  If you had to come up [...]

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