Originally Posted by
Jovan Dragisic
Funnily enough, there has been much less damage than believed pretty much anywhere other than the US, and I suspect this is largely to do with the election year and both parties waiting to get to power in order to launch a stimulus plan.
The crisis is not even close to 2008 for the rest of the world, because nobody other than the US is pretending to be in short money supply now that facing up to reality would lead to immediate bank nationalization all over anywhere but China. So it's a reverse 2008. Let's see how long the US is gonna be pretending to be doing austerity after the elections.