Jump to content
House Price Crash Forum
Sign in to follow this  
TheCountOfNowhere

The Swedish Pre-Packed Tasty Meatball Thread

Recommended Posts

I thought the Socialist Scandinavian model was something to be admired. What went wrong?

According to the Swedes i work with a property bubble and Islamic immigration is what went wrong with Sweden.

Share this post


Link to post
Share on other sites

Perhaps an interesting thought that economies with say negative nominal 5y rates are Sweden, Denmark, Austria, Germany and Switzerland. Is this just a reflection of particular idiosyncrasies (like currency pegs or budget surpluses or currency bets or an ECB thing), demographics and deflation and/or somehow related to not being the greatest bastions of rentierism. i.e. could negative rates in perhaps more democratic (socialist?) economies than ours ironically be a capitalist force pushing money from public nominally risk-free savings and state supported private banks into riskier private investment and encouraging surplus zombie capital liquidation. Not sure but if that's the case and mirrors a reality of commensurate demographics, wealth and lower demand I have to wonder quite how terrible negative rates are.

Share this post


Link to post
Share on other sites

I thought the Socialist Scandinavian model was something to be admired. What went wrong?

They had a massive restructure along "neo-liberal" lines in the mid to late 2000's.

Slashed taxes, reduced state spending, allowed "innovation" in public services (including free schools which were a total failure, the government ignored that when setting them up here) and every other policy from the globalisation handbook.

Share this post


Link to post
Share on other sites

Perhaps an interesting thought that economies with say negative nominal 5y rates are Sweden, Denmark, Austria, Germany and Switzerland. Is this just a reflection of particular idiosyncrasies (like currency pegs or budget surpluses or currency bets or an ECB thing), demographics and deflation and/or somehow related to not being the greatest bastions of rentierism. i.e. could negative rates in perhaps more democratic (socialist?) economies than ours ironically be a capitalist force pushing money from public nominally risk-free savings and state supported private banks into riskier private investment and encouraging surplus zombie capital liquidation. Not sure but if that's the case and mirrors a reality of commensurate demographics, wealth and lower demand I have to wonder quite how terrible negative rates are.

or a bit of both perhaps, plus a size asymmetry v EZ

Edited by R K

Share this post


Link to post
Share on other sites

I thought the Socialist Scandinavian model was something to be admired. What went wrong?

They raised rates too early.

Share this post


Link to post
Share on other sites

I thought the Socialist Scandinavian model was something to be admired. What went wrong?

It's a myth. Look at the figures. Norway, Sweden and Denmark are addicted to debt, much more so than the Brits in fact.

I'm currently sitting on a job offer from Sweden, unsure what to do. I've turned one down previously in Norway. According to the recruiting manager everyone has a summer cottage and goes on 3 holidays a year. All on credit.

Edited by frozen_out

Share this post


Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

  • The Prime Minister stated that there were three Brexit options available to the UK:   289 members have voted

    1. 1. Which of the Prime Minister's options would you choose?


      • Leave with the negotiated deal
      • Remain
      • Leave with no deal

    Please sign in or register to vote in this poll. View topic


×

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.