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Glymja - The Icelandic for Clang
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ianmr65
Posts: 596 Forumite
Looks like the worm is about to turn in Iceland
According to the FT, and some icelandic websites the option to spring a 'bear' trap, with a great big Clang, is very much open to them.
As speculators have been betting on the fall of the krona, and the wideing CDS spreads have to have bought positions that pay off if this happens.
So then the icelandic goverment can buy big stakes in it's countries stocks, and the krona, reversing the trends, and biting the bears in the a$$.
Bearing in mind the icelanders agressive attitude to business, and the fact they are getting mightly pee'd off with the unfair way they are being speculated agaisnt, i think that this soloution will be extremely appealing to them.
In fact I wouldn't be surprise if the article 'placed' by the icelanders, as a first shot across the bows.
Time will tell.
here is the article:
http://www.ft.com/cms/s/0/50309f86-fd32-11dc-961e-000077b07658.html?nclick_check=1
According to the FT, and some icelandic websites the option to spring a 'bear' trap, with a great big Clang, is very much open to them.
As speculators have been betting on the fall of the krona, and the wideing CDS spreads have to have bought positions that pay off if this happens.
So then the icelandic goverment can buy big stakes in it's countries stocks, and the krona, reversing the trends, and biting the bears in the a$$.
Bearing in mind the icelanders agressive attitude to business, and the fact they are getting mightly pee'd off with the unfair way they are being speculated agaisnt, i think that this soloution will be extremely appealing to them.
In fact I wouldn't be surprise if the article 'placed' by the icelanders, as a first shot across the bows.
Time will tell.
here is the article:
http://www.ft.com/cms/s/0/50309f86-fd32-11dc-961e-000077b07658.html?nclick_check=1
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