Results tagged “Iceland” from Dealbreaker

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Foul Icelandic Wind Blows Southeast Into Ireland

Central Bank and Financial Services Authority of Ireland headquarters, DublinLast year, we learned what happens when a small island in Europe filled with people who talk funny bets the farm on the financial services industry. Are the Irish next? Lovely...

This Will End In Tears

The carry trade is making a comeback after its longest losing streak in three decades. Stimulus plans and near-zero interest rates in developed economies are boosting investor confidence in emerging markets and commodity-rich nations with interest rates as much as...

Up Against The Wall

What is mostly amazing is that it took so long, but the head of Iceland's central bank, having refused to fall on his sword, is expected to be shown the door tomorrow. The United States is somewhat rare in isolating...

Iceland CDS Payouts: ~$7 Billion

Bloomberg is spinning this as "even bigger than Lehman," but that seems backwards to me. Shouldn't it be "Lehman CDS payouts nearly as large as entire country meltdown CDS fallout" ? The auction was the first of three being held...

That Will Show Them!

Iceland's central bank Tuesday pushed its key interest rate up to a record high of 18% from 12%, reversing a hefty rate cut earlier in the month. [...] Trade in the Icelandic krona is at a virtual standstill and is...

Icelandic Meldown (Part Deux)

Iceland really is in a scary spot. True, the small nation has sort of been asking for it by pushing their carry trade these last many months, and inviting the scrutiny of any number of large macro players, any one...

Well, Can I Get A Slushee At Least?

Probably not. After Iceland is done nationalizing, given that the government's own coffers are nearly bare (to mix a few metaphors) I'd be surprised if the motion detecting doors at the branches worked any longer. The era of Big Government...

Like, The Shortest Peg Ev-arh?

Iceland abandoned the "131 to the Euro" peg it had been attempting to defend since... yesterday. That snickering you hear is inadvertent. We are actually crying on the inside. Really. I love Iceland. Some of my best friends are Icelandic....

Icelandic Meltdown?

Chart that speaks for itself, after the jump. UPDATE: Glitnir by request......

Let's Try For A Majority Next!

1 in 7 of the stocks listed on U.S. Exchanges are now members of the No-Shorts list. Let the good times roll. I hear Iceland is nice this time of year. No, seriously. SEC's Ban on Short Selling Is Casting...