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Tag Archives: iceland
Iceland proves the case for the scary path
And no, we are still not talking about devaluing your currency. We are talking about slaughtering insolvent banks, letting creditors take the pain they should. “Unlike other nations, including the U.S. and Ireland, which injected billions of dollars of capital … Continue reading
Iceland keeps recovering….
….and aside from a projected budget surplus by end of 2012, they are actually prosecuting those responsible for the bank blowup as well!
The department of “I freaking told you so” reports : Iceland
I read in the news today that Iceland is rebounding nicely. I remember early 2009, when everyone was screaming that Iceland was going over a cliff, and that they had to save their banking institutions and join in the madness. … Continue reading
Posted in Governments & Corruption
Tagged banking, collapse, debt, financial, iceland, latvia, recovery
3 Comments
Bankrupting yourself to recovery
The Icelandic Way. Who said banks were “too big too fail” ? Like hell they are. Iceland will probably be doing better than most within a couple of years. This is how capitalism is supposed to work. For some strange … Continue reading
The American Depression of 1920-1921. Explain it or keep quiet.
It is also known as the “depression that wasn’t”. It started out worse than “The Great Depression”, and do you want to guess what the US government did? They drastically cut expenses, and the Federal Reserve did pretty much nothing, … Continue reading
Posted in Unsorted & Old
Tagged 1920, 1921, 2009, daniel, depression, Government, great, hannan, hungary, iceland, latvia, spending, uk
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Lessons from Iceland
Another article in a Swedish newspaper today, outlining how life has become a lot harder on Iceland. People have to use their retirement money in order to pay for higher living expenses. I wrote a long post about Iceland here, … Continue reading
The trillion dollar question
Why does Iceland have 18% interest rates since the crash of their three main banks, when the rest of the world has 0 or close-to-0% interest rates? I am sure that your average economist can tell you that it has … Continue reading
What Iceland should have taught us (but probably didn’t)
(This article is written on request, from someone who wanted some info on the Icelandic crisis. As with all other parts of the financial debacle, it is usually blamed on capitalism and free markets. I do not go into specifics, … Continue reading
Posted in Unsorted & Old
Tagged 2008, bankrupcy, capitalism, crisis, financial, iceland, inflation, leverage, risk
3 Comments
