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Iceland’s CDS market will create more turmoil

Published on October 14, 2008

The markets were forced to endure one round of default swap payouts last week. Now, the debt from three more companies will hit the auction blocks. Even more trouble is on the way.
By Andrew Snyder
Baltimore – (TFN): On a micro level, yesterday’s 900-point rally looks like a big deal. Many short-sighted investors look at [...]

Posted by Andrew Snyder · Filed Under International Investing | 1 Comment 

Foreign Investment: Iceland’s krona hits the skids

Published on May 20, 2008

“Banks all over the world have spent much of the few years bingeing on cheap money, but Iceland’s taken the whole thing to quite an extreme. Its big players – the likes of Landsbanki and Kaupthing – have been on an extraordinary borrowing spree, sucking in vast quantities of cash to fund lending and acquisitions [...]

Posted by Jody Clark · Filed Under International Investing | Leave a Comment