Icelandic banks have effectively been shut out of global credit markets, and a credit crisis is just around the corner.
More Quotes from Lars Christensen:
This will give the government some breathing space and bring short-term relief to the market. Although we still have to find out what deals were made to bring about this vote, the zloty will rally on this news.Lars Christensen
Investors are beginning to see Poland in an unfavorable light and that's because of politics. Bad policy could turn good fundamentals into bad fundamentals.
Lars Christensen
People want to have an experience when they take a shower. They want to enjoy themselves in a standing spa. But they don't have the time to lay in a whirlpool for a half-hour.
Lars Christensen
We conclude that Iceland on almost all measures looks worse than Thailand did before its crisis in 1997 and only moderately more healthy than Turkey before its 2001-crisis.
Lars Christensen
We're still concerned, however, about the imbalances in the economy, but it's positive that the central bank is reacting.
Lars Christensen
Readers Who Like This Quotation Also Like:
Based on Keywords: icelandicThere isn't as much passion and outrage in today's newspapers. That may be because of a corporate decision, but they've lost their personality.
Michael Gartner
Hateful is the power, and pitiable is the life, of those who wish to be feared rather than loved.
Cornelius Nepos
The optimism of a healthy mind is indefatigable.
Margery Allingham