It´s the same rethoric that we have heard from other countries since 1960, yet Sweden continues to grow economically and outperforms many nations with far more restrictive immigrations policies. And the last segment made me laugh, you really have no clue about Sweden, do you? :).
No clue? I ask again, if Swedens economy is so great then why do they have negative interest rates?
Ive been posting on other economics based forums for over a decade so i knew previously that Sweden also has a housing bubble and sky high personal debt levels.HSBC even reported a month ago that Swedens housing bubble was unsustainable, see for yourself : http://www.businessinsider.com.au/hsbc-sweden-housing-bubble-not-sustainable-2016-1?r=UK&IR=T
I live in Australia, we have the same housing bubble and high personal debt load issues as Sweden but i don't run around kidding myself that the economy is in great shape, it is deteriorating here.Still, our interest rates are at 2.00% so we have room.What are you guys going to do when things get worse, drop rates even further into negative territory? You might as well hold cash, then you can avoid the negative rates.You still have cash right? I heard some banks have stopped stocking banknotes and they are tearing out ATMs all over the place.It ain't good dude.