Jan 27, 2010

Wikipedia on Frederic Mishkin's blown call on Iceland

In 2006, [Frederic] Mishkin co-authored a report called "Financial Stability in Iceland". The report maintained that Iceland's economic fundamentals were strong. The report was commissioned by the Icelandic Chamber of Commerce in response to critical coverage of the Icelandic economy and certain Icelandic companies in the international business media.

Iceland subsequently experienced a spectacular collapse within a year of Mishkin's good report.

~ Wikipedia

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