Icelanders are among the happiest and healthiest people on Earth. They publish more books per capita than any other country, and they have more artists. They boast the most prevalent belief in evolution -- and elves, too. Iceland is the world’s most peaceful nation (the cops don’t even carry guns), and the best place for kids. Oh, and they had a lesbian head of state, the world’s first. Granted, the national dish is putrefied shark meat, but you can’t have everything.
from Global Investing:
Central bankers as carry traders? Why not.
As we wrote here yesterday, FX reserves at global central banks may be starting to rise again. That's a consequence of a pick up in portfolio investment flows in recent weeks and is likely to continue after the U.S. Fed's announcement of its QE3 money-printing programme.