hækkunin
Hækkunin is a term of Icelandic origin that translates to "the escalation" or "the increase." It is most commonly used in the context of the Icelandic financial crisis that began in 2008. During this period, the term hækkunin referred to the rapid and unprecedented rise in the value of certain assets, particularly shares in Icelandic banks, before their subsequent collapse.
This period of intense market activity saw significant speculation and investment in the banking sector. The
However, this rapid ascent proved unsustainable. The underlying economic fundamentals could not support the inflated valuations,