Wednesday, March 12, 2014

Financial Zombies and Vampires Invade Finland

March 11, 2014
Zombie Firms in Finland Suck Up State Funds as Debt Load Swells

Finland’s economy has contracted for three of the past five years, depleting state coffers and destroying jobs. As demand for the nation’s forestry products and mobile phones evaporates, Finland has struggled to replace those markets with new growth engines. Industrial production slumped an annual 7.5 percent in January, falling for a 15th consecutive month.

The illusion of global prosperity is not contained! Dispatch the border guards! Reinforce the walls!



Rob Dawg said...

Bad weather?

Stagflationary Mark said...

Rob Dawg,

One person's bad weather is just another person's winter paradise.

Seriously. I really like living in the Seattle area but I miss the snow most years, this winter in particular (very little snow). I grew up in Eastern Washington (snow was common in the winter).