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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: Haim R. Branisteanu who wrote (89928)	5/8/2012 1:34:29 PM
From: elmatador	Respond to of 220298

benefitting when money flowing in and outraged when payback time comes... Cheap thrill: moral outrage revels in its own innocence and in the guilt of the wicked Others."

To: Haim R. Branisteanu who wrote (89928)	5/8/2012 11:40:48 PM
From: Hawkmoon	12 Recommendations Read Replies (4) \| Respond to of 220298

Lets agree to disagree, the Icelanders on a personal level benefited tremendously from the money that was flowing into Iceland. My hometown benefitted greatly from the number of Dairies that were established here in the '70s and 80's. So are the taxpayers responsible for bailing them out when they over-expand, and the price of milk collapses? For that matter, why should taxpayers be responsible for ANY business that fails due to making speculative financial bets that cause them to go bankrupt? The only reason I would be able to think of is if it would create huge unemployment. But wiping out debts normally only has a short term impact on a country's economy. Right now Iceland is probably one of the few countries in Europe that is growing, freed of it's debt load. tradingeconomics.com Mark my words, a lot of European countries are eventually going to attempt to follow Iceland's example. They really have no choice. Hawk