NJ5 on 05 July 2009
| kowenicki said: @nj5 It wont get "25% unemployment" worse in most places though..... This summer wil be bad for the southern Euro tourist destinations... this winter will be a disaster. |
I don't know, it all depends on how long the depression (yes I used the D word) is.
There are still a lot of financial meltdowns waiting to happen due to the "kick down the can" factor. Different countries have different vulnerabilities, as Malachi said one of UK's vulnerabilities is the dependence on the financial sector.
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