Believe it or not I have to give a tip of the hat to Larry Kudlow, actually it came in on my Inveslogic daily email. The WSJ had an article about Iceland talking about lowering corporate taxes there and the concerted effort underway to make Iceland a global financial hub.The three big Icelandic banks all have a tremendous footprint across Europe. My my interest in Iceland as an investment destination stems from the belief that it will become evermore important in the world economic order.
This picture is from downtown Reykjavik. The gray building in the back ground is the Landsbanki (the number 3 bank) building.
For anyone who is new; my exposure consists of an account at Kaupthing Bank that took months to open that is about 55% in the ICEQ ETF and 45% cash and a small position in the Stockholm listing of Kaupthing Bank that I have owned off and on, currently on. I do not have exposure for clients.
2 comments:
re: The gray building in the back ground is the Landsbanki (the number 3 bank) building.
Actually, Landsbankinn building is just opposite from that gray building, so it would be next to the right border of your picture.
Cheers
Thank you for the correction. We were only on that "back" street the one time; my mental geography must be off.
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