Finland is supposed to be a leader on the ICT front yet "statistic Finland" is unable to provide such data. Is Finland being hit by the syndrome of too much outsourcing and ending up with the technical "know how" having to be imported back?
There is as well the conspiration theory from my friend "Juha the pike", he is saying there are delaying because of infinite pressure from the construction, media and real estate agencie lobbies while at the same time the press is trying to mislead the consumer into thinking that prices are going "north" again as in 2003....which will be a fatal mistake to think in such a way.
But back to reality, lately Euphoria has grown into a dangerous bubble. People start slowly to remove their defence at a time when high vigilence should be high. It is true as I said once, the real opportunities are greater in the stock market than the housing market, and yet I think the "great" opportunities, both in housing and stock market, are still ahead and not yet fully materialized (although we were quite near with regard to the stock market, regarding the housing market we have not yet passed 1/4 of it...)...
The real impression that I have of the current economical environment is clearly summarized by the following :
"“It looks to me now as if the markets are now pricing in a rapid recovery, that they’re pricing in a V-shaped recession, which I consider extremely unlikely,” Krugman, 56, said at a forum in Shanghai today. “The market seems to be looking as if this is going to be an average recession, but it’s not.”"
"Krugman, who won the 2008 Nobel Prize for economics, joins New York University’s Nouriel Roubini in calling for a more cautious outlook on growth. Roubini said last week analysts expecting the U.S. economy to rebound in the third and fourth quarter were “too optimistic.” Nassim Nicholas Taleb, the author of “Black Swan,” said the current global crisis is “vastly worse” than the 1930s."