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Anybody out there in graphland got a track of GBP against Norwegian Kroner? It's the only European currency I can think of that appears relatively safe over the medium term.

Or does Norway have any skeletons in their closet that we don't know about?

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Or does Norway have any skeletons in their closet that we don't know about?

:lol:

http://www.guardian.co.uk/business/2009/ma...-uk-bailout-gdp

Alistair Darling has already spent almost a fifth of Britain's GDP on bailing out its shattered banking system – more than any other major economy...Only Norway has come close to the UK, spending 13.8%.

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Anybody out there in graphland got a track of GBP against Norwegian Kroner? It's the only European currency I can think of that appears relatively safe over the medium term.

Or does Norway have any skeletons in their closet that we don't know about?

Their SWF owns a large slice of the UK, which doesn't seem to be too wise a bet.

p-o-p

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I try and trade relative value, and I just can't bring myself to buy NOK for that reason. If you've never been to Oslo, I can tell you it's the most insanely expensive city I've ever been to...like, bonkers. :blink: London/New York/Zurich are absolute bargains in comparison. If NOK appreciated, then it would have to get EVEN MORE bonkers expensive up there...and I can't bring myself to trade where there is no value.

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the Norges bank also has a "temporary" but ever growing swap facility with the Fed.

So despite a large, well-organised oil industry with an accompanying sovereign wealth fund, and a low population with adequate natural resources, they've still managed to f**k themselves.

Thanks for info.

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I try and trade relative value, and I just can't bring myself to buy NOK for that reason. If you've never been to Oslo, I can tell you it's the most insanely expensive city I've ever been to...like, bonkers. :blink: London/New York/Zurich are absolute bargains in comparison. If NOK appreciated, then it would have to get EVEN MORE bonkers expensive up there...and I can't bring myself to trade where there is no value.

One advantage to that is it discourages the Ryanair-assisted booze mobs.

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I try and trade relative value, and I just can't bring myself to buy NOK for that reason. If you've never been to Oslo, I can tell you it's the most insanely expensive city I've ever been to...like, bonkers. :blink: London/New York/Zurich are absolute bargains in comparison. If NOK appreciated, then it would have to get EVEN MORE bonkers expensive up there...and I can't bring myself to trade where there is no value.

Not entirely true. Cost of somewhere to live in Oslo looks very reasonable against southeast England. Even eating out was cheaper than I expected last time I was there. And my hotel was expensive, but very nice quality compared to a comparable-priced stay in, say, London, Dublin or Amsterdam.

Now Reykjavik was indeed insanely expensive. But I think that may have changed.

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