Posted Feb 16, 2014, 2:00 AM
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Join Date: May 2007
Posts: 11,637
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^ A good part of that is based on currency controls. Money from debt payments can't leave the island, so will chase the best investment available. Money is seeking any hard assets. Icelandair is buying airplanes, that will be worth the same in euros before and after any new currency shift.
A smart strategy for investors in a bad situation. An example of a model to follow? No. Shifting monetary assets into durable goods is a sign of a crisis.
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