We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
We're aware that some users are experiencing technical issues which the team are working to resolve. See the Community Noticeboard for more info. Thank you for your patience.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Glymja - The Icelandic for Clang
Options
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
0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 350.9K Banking & Borrowing
- 253.1K Reduce Debt & Boost Income
- 453.6K Spending & Discounts
- 243.9K Work, Benefits & Business
- 598.8K Mortgages, Homes & Bills
- 176.9K Life & Family
- 257.2K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.6K Read-Only Boards