Mad Money Stocks for Monday

TXT was added today. The Booyah list is comprised of featured and game plan stocks mentioned by Jim Cramer on Mad Money. The stocks are listed in alphabetical order below. Click on the headers to sort by column.

CLICK HERE for more Mad Money Stocks for Monday

Teresa is out of the office

I will be in and out of the office for the next few days. Blogging will resume when I come back.

Maintaining a “strong” Icelandic Krona

Pundits have spent the last months beating on U.S. Treasury Secretary Paulson over his apparent oxymoronic comments about “a strong Dollar”, but can you imagine what would have happened if they pursued the course Iceland has chosen?

Bloomberg reports:

Iceland’s central bank raised its key interest rate by a record 1.25 percentage points at an emergency meeting to halt a slump in the krona and a surge in inflation. The currency made its biggest ever jump against the euro.

Sedlabanki raised the repo rate to 15 percent, the Reykjavik-based bank said on its Web site today. It hadn’t planned to hold a rate meeting until April 10. It was “crucial” to reverse the krona’s decline “as quickly as possible,” the bank said.

The krona tumbled 17 percent against the euro in the past three weeks on concern that the global financial turmoil would make it harder for Iceland to finance one of the world’s largest current account deficits. The country risks “spiraling” wages and inflation if that decline isn’t pared, the central bank said. Inflation reached a one-year high of 6.8 percent last month.

I immediately recalled the 1992 Finland crisis, but upon cursory research, it appears that Iceland’s problems stem from too much of a good thing.

Still, how do you think the citizens would react if the FOMC sent rates up to 10% to halt the slide of the Dollar? Could it be that the “cure” would be worse than the disease? In present circumstances, might a weak Dollar be a competitive edge?

Further Reading: Financial Crises and Contagion, The World Bank Macroeconomics and Growth Research Program