Iceland Imprisoned Its Bankers And Let Banks Go Bust: What Happened Next In 3 Charts

Banjo said:
This year, Iceland will become the first European country that hit crisis in 2008 to beat its pre-crisis peak of economic output.

http://www.zerohedge.com/news/2015-...let-banks-go-bust-what-happened-next-3-charts
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Typical Zerohedge article, cover just one side of the story! Iceland has not been in the bond markets for a while, that means hardships and as we have seen from the European credit crisis very few nations can endure that kind of hardship. Common ground among the endurers, tiny populations IE under 5 milion...


"Iceland plans return to euro bond market
By Andrew Bolger and Robin Wigglesworth

Icelandplans to return to the sovereign bond market for the first time in two years, continuing its rehabilitation from the financial crisis."
 
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The amount of crap coming out of "Zerohedge" is astounding. But even more astounding is the number of times their crap has been copied and dumped into ET forums. Thank you Banjo for not subjecting us to the article itself. In the case of "Zerohedge", a link is more than sufficient.

My favorite line in this current gem is, "Rather than maintaining the value of the Krona artificially, Iceland chose to accept inflation."
;)
 
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So would you rather be reading ZH or CNBC and Bloomberg?

I'd rather filter down from an unrefined bunch of crap than have no choice in filtering pre-packaged misleading bullshit.

I mean realistically, crap, noise, etc. aside does one really think they're getting more honesty from non-ZH like sites? It's an opinion site with an obvious bias. Factor that bias into play before you agree or disagree with something they write. Truth be told there's not *enough* people pissed off about the various types of things ZH *does* talk about - because it ain't all BS.
 
I prefer bloomberg of the three.. I dont read ZH (except when someone on ET calls my attention to it, and I don't pay any attention to CNBC nor especially to Barrons. I'm indifferent to the WSJ. If I want a high probability of reading something written by someone knowledgeable I go to propublica.org. I also read the Financial Times intermittently.
 
Good for Iceland. Personally, I have never found global comparisons or blanket value statements tied to homogenous Nordic countries with relatively static societal and economic makeups to have wider comparative value.

And Krugman is a douchenozzle.
 
i960 said:
So would you rather be reading ZH or CNBC and Bloomberg?

I'd rather filter down from an unrefined bunch of crap than have no choice in filtering pre-packaged misleading bullshit.

I mean realistically, crap, noise, etc. aside does one really think they're getting more honesty from non-ZH like sites? It's an opinion site with an obvious bias. Factor that bias into play before you agree or disagree with something they write. Truth be told there's not *enough* people pissed off about the various types of things ZH *does* talk about - because it ain't all BS.
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Outstanding post.

The only way to get real data these days is to go to alternative websites and blogs. Otherwise all you get is yellow journalism. You have to filter between noise and signal, but at least you're not being deliberately lied to.
 
Tsing Tao said:
Outstanding post.

The only way to get real data these days is to go to alternative websites and blogs. Otherwise all you get is yellow journalism. You have to filter between noise and signal, but at least you're not being deliberately lied to.
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Your being lied to by these "alternative websites and blogs" and YouTube too!, but it is not deliberate! The people writing this crap believe it, and so do you! :eek:
 
piezoe said:
Your being lied to by these "alternative websites and blogs" and YouTube too!, but it is not deliberate! The people writing this crap believe it, and so do you! :eek:
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So sayeth the editor of Pravda, and author of such evenly balanced pieces like "Bernanke is a Genius" and "The Fed Saved the World". :eek:
 
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