We're still concerned, however, about the imbalances in the economy, but it's positive that the central bank is reacting.
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
That's a very strong argument for reducing holdings out of Poland and politics might be the trigger.
Lars Christensen
In a low-yield environment, there was a lot of interest in high-yield markets such as the Icelandic. But with yields on the rise in Europe and the U.S., we want to see a lot more quality before we feel comfortable investing, as high yields alone are no longer enough.
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
The central bank is much more likely to tolerate a strong currency because of inflation. The market is speculating the koruna will gain.
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
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