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In Which I Briefly Channel Rumor

(With hat tips to Hilzoy at Obsidian Wings and Paul Kebrosky at Infectious Greed)

While Iceland's certainly home to some...unique circumstances that are exacerbating the effects of the world's financial problems more than might be felt here at home, this article in this weekend's Financial Times does a very good job of putting those effects into the context of a modern First-World life. I don't really have the time to comment much further, but so far I definitely think it's worth reading.