We're going to see the effects manifest themselves in many different ways over the next year. Iceland is in the shit because they've ridden the wave of the over inflated interest bubble - And I'm talking about the country not the frozen food company.
An early indicator that people are beginning to take this shit deadly seriously.
New car registrations fall by 21%
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 New car sales are down for the fifth month in a row
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New UK car registrations fell 21% in September, the Society of Motor Manufacturers and Traders (SMMT) has announced.
This is the fifth consecutive month that the SMMT has reported falls in new car sales.
In further evidence that the current financial crisis is hitting the wider economy, year-to-date registrations are down by 7.5%. The SMMT is urging the government to take action to restore confidence. The figures are particularly disappointing given that September is typically a bumper month for new car sales - it usually accounts for 17% of the annual total
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