Monday, January 28, 2008
You heard it first from LVMreader a little while ago
Imagine the effect on the Yen Carry Trade
Iceland’s triple A rating from Moody’s Investors Service, the highest the credit rating agency offers, is “at a crossroads” because of the perceived fragility of the country’s banks.
Moody’s said, in a report published on Monday, the growth in the banks’ foreign currency liabilities might “stretch the authorities’ ability to manage a crisis”.