Lars Christensen
Lars Christensen
Lars Christensenwas a Norwegian shipowner and whaling magnate with a keen interest in the exploration of Antarctica...
alone environment europe high interest longer markets quality rise yields
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.
banks credit crisis global shut
Icelandic banks have effectively been shut out of global credit markets, and a credit crisis is just around the corner.
enjoy experience lay people standing themselves time
People want to have an experience when they take a shower. They want to enjoy themselves in a standing spa. But they don't have the time to lay in a whirlpool for a half-hour.
banks crisis domestic external financial force funding integral lending reduce risk sell squeeze
We see a substantial risk of a financial crisis as an integral part of an Icelandic 2006-2007 recession. The funding squeeze of the banks will probably force them to reduce lending to domestic players, and force a sell off of external assets.
bank central economy-and-economics positive
We're still concerned, however, about the imbalances in the economy, but it's positive that the central bank is reacting.