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Overview of countries effected by credit, liquidity and inflation; recession conditions – Japan, Spain, Iceland – Update 1

Posted by Adrian on March 31, 2008

Overview of countries effected by credit, liquidity and inflation; recession conditions – Japan, Spain, Iceland – Update 1

Spanish property bubble and inflation, from Bloomberg March 2008

“The slowdown can be seen on the streets of Madrid, where buildings are plastered with “For Sale” signs and it’s getting easier to find a seat in the normally packed cafes.

“People just don’t have any money,” Antonio Romero, a taxi driver, says. “With so many people on low wages, the price rises are really being felt and people are cutting back on unnecessary expenses.”

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