Follow this link to the article on Minyanville.com by John Mauldin.
There is a lot in the article to argue about, but it is great food for thought. Too much of it may actually be correct.
I hadn’t seen Richard’s post Iceland after a year of financial crisis (Fin’l Times, 9 Oct 2009) until I decided to make this post. I now see that my post is actually complementary to his.