Amid the cesspool of Gunnar Birgisson’s scandals in Kopavogur, the IceSave debacle, the increasing squeeze on homeowners, this is my Sunday sermon for now. This ramble should be read out loud with a young, poor and angry voice. A long time ago I had a girlfriend who was born in Teheran but she moved to [...]

Channel 2 reports on a family of six in Hafnarfjordur that is considering leaving the country after their household debts rose at lightspeed up to 154 million ISK, if the government doesn’t provide solutions soon. The banks that lent us the money destroyed the Icelandic economy and now they want to bankrupt us and take [...]

I heard a good story this weekend. It was about my personal finances. The story told of how I’d been gambling around with money in the good times and lost it all in the economic collapse. Therefore I am supposed to be bitter and therefore I am supposed to be keeping this site going, going [...]

If your happiness correlates inversely with your neighbors’ misery then Iceland is a great place to be right now. The endless wait for answers continues.When is the government going to form? We don’t know. How much does Iceland really owe and how much are we going to have to pay and for how long? We [...]

The picture is pretty clear although some minor changes might occur when they count the strikeouts in the next couple of days.  X-S: The Social Democrats are the biggest winners of the election. They scored 30% and are now boast of the largest support in the country, up 3,2% from the last election and manage [...]

a) The election is held to formally authorize the digging of shit b) No one still knows how much shit there is to dig because no one has still managed to stick their head out of the pile to look.  c) It appears that old shit-dispensers are out of fashion. The Progressive Party and the [...]

When arguing against the EU, the political parties scornfully cite Latvia as an example. That the country which is in the EU is facing a similar crisis to the one in Iceland, despite being a member. An interesting point, using the countries differences to make a point.  More interesting to me after listening to the [...]

In March I had the pleasure of meeting Professor Yoshimitsu Onozuka from Doshisha University in Japan for discussions on the economic crisis in Iceland. The professor is especially interested in the crisis in comparison with the Japanese crisis of the nineties. He met with several Icelanders to gather information and just sent me his notes. [...]