Why Iceland Is Suffering a Nasty Financial Hangover
May 20th, 2008 | By Jody Clarke | Category: International InvestingIf you think the credit crunch is hitting the UK hard, spare a thought for Iceland.
Posts Tagged ‘ Iceland ’
The Bottoms Are In – Or Are They?
Apr 4th, 2008 | By Bill Bonner | Category: Politics & EconomicsMore bottoms than a burlesque show…rebounds that turn even base metals into precious ones.The fuzzy edges of a moral system…China! What to make of it? An intriguing investment – in Iceland…the crisis of the countryside arrives in the city…and more!
Mum May Have Gone to Iceland, But We say Stay Way!
Mar 29th, 2008 | By Contrarian Profits | Category: US Dollar & Forex Trading“What do you think of Iceland?” asked my publisher Bill Bonner this morning. “They’re paying 15% interest rates right now. Don’t tell me that doesn’t tempt you!” he grinned.
I admit it, that’s a juicy figure. But I’m wary of it, and here’s why: For years we’ve had the yen carry trade – investors borrowing in Japan at zero or near-zero interest rates and investing abroad where the yield is much higher. A lot of this money found its way to Iceland.