I think I pretty much took all the necessary precautions to avoid being (again) a victim of the tough time Iceland is living. I painfully got rid of all the Icelandic króna I had here and there. I will probably write about how I did that and what approach I took to avoid the central [...]
In recent years we have read everywhere that the highly leveraged takeovers of foreign businesses were Icelandic managers’ best ability and that they were somehow better able to generate profits than any other. Predictably that turned out not to be the case.
After the nationalization of the three main banks, the one big question mark left [...]
My car didn’t start-up yesterday morning. I brought it to the garage and according to the mechanic, its sensors broke down. Among other symptoms the measurements in the dashboard were inaccurate and failed in analyzing critical operations like engine temperature and such, hence the difficulty to start. This little adventure was going to cost me [...]