Mind You – This IS The Big One

[Lysglimt]

By: Hans Lysglimt I say this is the Big One. This financial crisis is the beginning of the depression that must follow from the loose monetary policy, especially since 1971. A depression is the end result of a long line of causality, of events that must follow from previous events. If you believe in the Austrian [...]

More... (http://www.farmann.no/mind-you-%e2%80%93-this-is-the-big-one/)

[Blexie]

Great article (although I preferred the one written in norwegian). One thing though, I don't know if Farmann posesses knowledge the rest of us don't, but from what can be gathered from public sources, the loans swedish banks (apart from perhaps Swebank) have extended to eastern european (i.e. baltic) countries aren't really that massive. Certainly nowhere near sums the Swedish government couldn't bailout by itself. (Pretty much btw, like the government of Norway, if it wanted to, easily by itself could bail out Island.) Considering the gigantic actual deficits out there, why the big focus on this comparatively small issue?

[Lysglimt]

You have a point there.

"Never fall in love with a stock." I think I might have fallen in love with shorting Swedbank. Lol!
Will consider your point.