Announcement

Collapse
No announcement yet.

The (Looking Likely) Fall of Iceland

Collapse
X
 
  • Filter
  • Time
  • Show
Clear All
new posts

  • #16
    Re: The (Looking Likely) Fall of Iceland

    And now ... by the authority vested in my by (mumbles) I do hereby pronounce "Metalman" and "Symbols" man and wife, and I leave it up to your newfound conjugal wisdom, to amicably decide which is which. :p

    Comment


    • #17
      Re: The (Looking Likely) Fall of Iceland

      Originally posted by Lukester View Post
      And now ... by the authority vested in my by (mumbles) I do hereby pronounce "Metalman" and "Symbols" man and wife, and I leave it up to your newfound conjugal wisdom, to amicably decide which is which. :p
      Lukester I have to reject your pronouncement, you want to get me in trouble with the big ugly ogre for stealing Fiona's heart?

      (Anyway cute little ogrettes are not my style ...)
      Last edited by Supercilious; October 08, 2008, 09:47 AM.

      Comment


      • #18
        Re: The (Looking Likely) Fall of Iceland

        http://www.bloomberg.com/apps/news?p...8VI&refer=home

        Looks like Iceland's currency is toast:

        Iceland's Krona Quoted 95 Percent Below Peg; Regulator Steps in

        Oct. 8 (Bloomberg) -- Iceland's krona was priced at 94 percent below the peg against the euro set by the central bank yesterday to stabilize the currency as regulators said they took control of Glitnir Bank hf, the country's No. 3 lender.

        Nordea Bank AB, the biggest Scandinavian lender, said the price suggested by bid/ask spreads in pre-market trading was 255 per euro, compared with the 131 per euro level established by the central bank yesterday. There had been no buying of the krona to support the peg by the central bank, Nordea said.
        Every interest bearing loan is mathematically impossible to pay back.

        Comment


        • #19
          Re: The (Looking Likely) Fall of Iceland

          Not me, but I hear Mrs Watanabe was.
          It's Economics vs Thermodynamics. Thermodynamics wins.

          Comment


          • #20
            Re: The (Looking Likely) Fall of Iceland

            Max Keiser in 2007

            11 min

            Comment

            Working...
            X