Tuesday, October 21, 2008

End of honey moon

Financial crisis has started, and I am unprepared. I was confident that the States will be able to recover their losses within months, and therefore I did not follow up news with the crisis lately. Apparently this morning I read my boss' email, a friend of him told that the situation at Wall street is worse than every paper says. Jobless American everywhere.

Iceland fall. British citizens have 30 billion in Iceland frozen. United States' fall has started a direct hit of financial crisis towards Europe. If Europe can not survive, the next chapter will be held in Asia.

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