I Blame AC/DC

Finally, an explanation that makes sense!

It wasn't those risky side-bets on the mortgages, nor was it corporate greed and unprecedented deregulation! The floundering British economy is not at all related to our own financial epic fail. Nay, it can only be blamed on one thing...

AC/DC.

Apparently there is a comic link between the success of AC/DC and economic recessions across the pond. Somehow I'm comforted by this.

According to an Australian news site, AC/DC formed in 1973, right at the start of the oil crisis.

When the band released Back In Black in 1980, the rapidly rising inflation rates could only be rivaled by the rising unemployment rates. The comparisons go on and on...

So now that we have the U.K. diagnosed, are there any future economists out there who know who America's proverbial "AC/DC"?