Little Iceland kicks UK in the face

[Hook N. Sinker]

http://news.bbc.co.uk/2/hi/business/8444829.stm

"Icelandic President Grimsson: "The view that we will not honour our obligations is completely wrong"
Iceland's president has told the BBC's Newsnight programme that the country will pay its debts to the British and Dutch governments."

 

[Hook N. Sinker]

The attached graph might display price and yield of Iceland Treasury Note maturing 17 May 2013.

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=2692901 \img>

 

[Ivanovich]

Quote from Martinghoul:


EDIT: Replace the stars with "y m a i l", no spaces. Ivan, what's wrong with the Daily Mail site that it needs to mangle it? Some sort of a spam defense?

Yeah, sorry. I even tried editing your post and setting up the link via VB, but the filter grabs it there too. Evidently Baron has restricted that word as a preventative measure against spam.

 

[fkbsuhites]

Can someone recommend a reputable commercial real estate broker in Reyjavik

 

[zdreg]

Quote from MohdSalleh:

The Royal Navy, once the scourge of the known world, should invade Iceland

let the royal navy pretend to revisit the glory days of invading the Falkland islands. one russian submarine nearby and they will make a quick about face.

 

[Ash1972]

Quote from zdreg:

let the royal navy pretend to revisit the glory days of <i>invading the Falkland islands. </i>one russian submarine nearby and they will make a quick about face.

Er.. kicking out a foreign power that had invaded the islands, don't you remember?

 

[zdreg]

Quote from Ash1972:

Er.. kicking out a foreign power that had invaded the islands, don't you remember?

of course u stated the course of events correctly.

 

[number22]

Quote from achilles28:

Very much reminiscent of Confessions of an Economic Hitman. Except now Wallstreet is cannibalizing Western Economies instead of third-world dumps.

Everyone is vulnerable to such ambush, it isn't third-world anomaly, it is just easier to do with third-world countries, because debt and equities markets are traded in US, or other western countries.

 

[Martinghoul]

Quote from 9999:

I know it's off topic, but maybe we can a better perspective on things in the EU:

http://www.telegraph.co.uk/finance/...ates-as-ECB-shuts-door-on-Greek-bail-out.html

http://www.ilsole24ore.com/art/Sole...9d-11de-81dc-6b0fd287bccb&DocRulesView=Libero

The ECB says that there won't be any help to Greece if it fails to fix its deficit.

Don't get me started on the Greek situation... It's a LOT more involved and f*cked up, that's for sure.

 

[trendy]

Quote from achilles28:

Max Keiser said he traveled to Reykjavík before the crisis to warn bankers the Krona would soon collapse and their financial sector was geared too high.

They laughed it off.

Later that weekend at some hotel, Kesier said he ran into some brokers from Lehman. Being a former Wallstreet ball-swinger, he struck up a conversation. The Lehman guys said they had a bunch of Wallstreet dark pools lined up to short-squeeze the Krona and crash the economy. Said they would make a killing.

Very much reminiscent of Confessions of an Economic Hitman. Except now Wallstreet is cannibalizing Western Economies instead of third-world dumps.

Ha! Ain't karma a bitch LEH?