Yet Iceland prides itself on local produce, and with the krona at less than half its pre-crash value, the fine dining scene here is suddenly more affordable.
London prices are around 10% higher than their pre-crash value but prices remain 10% below their pre-crash peak in the south-east and almost 25% below in the north-east.
In the meantime, Time Warner shareholders, watching the prices of Internet companies languishing at a fraction of their pre-crash value, should not wait for the regulators: they should themselves block the sale of their company at what now looks an absurdly low price.
They also argue there is a financial case for divestment because, if the majority of fossil fuels become unburnable, companies could crash in value.
This means that, if action on climate change is successful, the vast majority of fossil fuels will be unburnable and the companies owning those reserves could crash in value.
Another plus: Even as home prices in trendier neighboring towns rose sharply in the early 2000s and then plummeted in the market crash, the value of the Clancys' ranch inched slowly up to the $400,000s and held relatively steady.
Little wonder that the banks have been putting forth some of the most dire warnings of what would happen following a pro-Brexit vote, with Goldman Sachs, at one point, arguing that the British pound could crash in value by as much as 20%.
The obvious weakness in the plan is that there's nothing to stop me, or someone else with a bigger budget and better-known brand, coming along and doing exactly the same thing - at which point all those zubworld locations are going to crash in value.
After the bubble bursting and stock market crash, the value of that "business" is much less than the millions in stock that was paid for it and which is sitting on the balance sheet.
Anyway, by mid-1976 James CaLabourn, Labour Prime Minister, thought the pound sterling was going to crash in value.
Further, according to the NYTimes, the SEC is investigating whether any of Goldman's demands improperly distressed the mortgage market, in that Goldman would stand to gain handsomely from the implosion of the housing market and the crash in value of housing backed mortgages.
