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undersupply

Iceland, A Debt Disaster

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Good article. A bit ironic that it's coming from an Irish newspaper.

I wonder if the author has thought about doing a search/replace on the "c" in Iceland with an "r". That'll save him a bit of effort when the Irish meltdown begins.

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Not entirely related to the article, but I've wondered what the impact of leverage from private equity deals might have on British companies if there is an economic downturn. The increase in heavily geared companies could lead large numbers of businesses to be heavily exposed to reductions in volumes.

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Good article. A bit ironic that it's coming from an Irish newspaper.

I wonder if the author has thought about doing a search/replace on the "c" in Iceland with an "r". That'll save him a bit of effort when the Irish meltdown begins.

Read it again, he's quite deliberately drawing a parallel.

Iceland, unlike Ireland, is not a member of the eurozone and therefore, its excesses cannot be fudged in the way ours can. Luckily, we do not have to endure the sudden stop/go characteristics of a country with its own currency and exchange rate. In many ways, this protects us, but in others, it desensitises us from the excesses of our own boom. Where do you think we are in Kindleberger’s seven stages? For those of you who are worried and believe that we may be close to the top, maybe selling here today and buying in bargain basement Iceland in the months ahead is the winning strategy.

McWilliams is our premier uberbear at the moment. I heart D McW.

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  • 301 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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