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seaweed

The Seaweed Bubble Bursts, Seriously?

4 Comments Published October 23rd, 2008 in Economy

Talk about deleveraging. Markets all around the world are getting spanked. Brazil hit the circuit breakers after a 10% drop. Argentina’s MERVAL dropped 18%. Iceland is basically a very large crater by now.

But the real contagion that no one is talking about is the busting of the seaweed bubble:

No one has any idea what happened, eh?

Hmm… didn’t Alan Greenspan take a vacation in Indonesia recently? ;-)

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