Posts Tagged ‘iceland’

Guess Who Miscalled The Icelandic Economic Implosion

This is probably unfair, but I’m going to put it up anyway. In June 2007 the U.K.’s Financial Services Compensation Scheme (sort of like our FDIC) issued a report on Icelandic economy. They quoted an “expert body” which said that, “The medium-term prospects for the Icelandic economy remain enviable.” Of course, a couple of months later […]