Iceland - a Leading Indicator

A mildly interesting article on Iceland from Fox news. The country has been a center of upheaval since the Krona collapsed. Essentially the populace has been able to throw out the current government and it looks like may be pulling from NATO. What is scary is this is happening in Iceland, not the typical suspect. It will probably happen elsewhere.

http://www.foxnews.com/story/0,2933,485544,00.html

Shockwaves still are being felt around the world from the global financial crisis, and nowhere is the impact more direct or more destructive than in the small isolated island nation of Iceland.

and

If you look at the history of Iceland's troubles recently it's always a bit ahead of the U.S. and other European countries on many points: The banks failed and got nationalized earlier; the stock market crashed earlier and harder, and now unemployment and inflation numbers are rising fast. They even protested before anyone else did, which resulted in a whole new government.

and

Looking at weak economies and soaring unemployment rolls, experts say that in countries like Italy and Spain protests can't be far behind.