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.
More Quotes from Lars Christensen:
We see a substantial risk of a financial crisis as an integral part of an Icelandic 2006-2007 recession. The funding squeeze of the banks will probably force them to reduce lending to domestic players, and force a sell off of external assets.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
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
We're still concerned, however, about the imbalances in the economy, but it's positive that the central bank is reacting.
Lars Christensen
That's a very strong argument for reducing holdings out of Poland and politics might be the trigger.
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
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