Yikes! Where did all the money go? Recent events have left many Icelandic investors feeling like victims of a robbery. While most of the world’s markets have been hard hit in recent months, few have been crushed in the way the Icelandic market has.
The rise…
For those less familiar with the Icelandic economy and stock market, I will start with a little background information. The country has been on a tear since 2002. That is not due to any amazing increase in exports, but rather by an explosion in the availability and use of credit and the ability to participate in global financial markets. An ability Icelanders were long deprived of and have now embraced enthusiastically. This led to a surge in equity and real estate prices. Read the rest of this entry »
Posted by Arnbjorn Ingimundarson 
