Purity of race does not exist. Europe is a continent of energetic mongrels. - H.A.L. Fisher

Visit A Fistful of Euros

Is Sweden s Devaluation Such A Bad Thing?

Posted on July 03, 2009

Well, I am writing this in the form of an extended comment, since I am on holiday and using the ecellent wifi facility in the local public library, but am about to go fo lunch. As I realised as I was going to sleep last night, my last Sweden post was always going to cause irritation and confusion. So what follows is more like a stream of consciousness than a post. The global recovery is going to take much longer in coming than most seem to recognise, and meanwhile Sweden still needs to eat. There can be first mover advantage here, and I don t see why others should play at sour puss if...

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currencies , currency , deficit , deflation , economy , euro , gold , interest rates , wifi