At least something to laugh about: Sweden's Riksbank is seeking legislative action to bolster its financial standing following substantial losses incurred from bond investments during a period of tepid inflation. The central bank has formally requested a capital infusion of 43.7 billion Swedish kronor ($4.1 billion) to replenish its equity to the mandated threshold, as outlined in a proposal submitted on Tuesday. The gigantic deficit stems from the sale of government bonds, which have devalued significantly. So people: buy government bonds urgently, stay away from speculative things like Bitcoin!
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21 sats \ 5 replies \ @kevin 3 Apr
Just like every other country that raised rates bonds have gone to shit, not surprised...
At least the government finances are comparatively good.
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0 sats \ 4 replies \ @TomK OP 3 Apr
Wait for it. They also placed a migration bomb besided their extended welfare state
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0 sats \ 3 replies \ @kevin 3 Apr
There's no migration bomb - those folks are already in Sweden. And it hasn't affected the government finances (as in loan % to GDP), at least not yet. Obviously it has had an effet on the welfare state and its quality.
Here's the debt to GDP graph since '95
https://m.stacker.news/25025
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0 sats \ 2 replies \ @TomK OP 3 Apr
okay you smart guy. why don't you inform yourself about the migration problems in sweden. i heard that google offers something like a search function
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0 sats \ 1 reply \ @kevin 3 Apr
Immigration has been a thing in Sweden for a long time (many decades) and as you can see in the graph it hasn't had an effect on the debt to GPD. So - at least for now it has not had the effect you think it has had.
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0 sats \ 0 replies \ @TomK OP 3 Apr
Look for 'Malmö'
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21 sats \ 0 replies \ @riberet19 3 Apr
Swedish bonds are the new shitcoins!
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21 sats \ 1 reply \ @TheBTCManual 3 Apr
Lol and not a rate cut in sight from the fed to ease the pain, poor tax payers will have to get off the bench and into the game, you can't be sitting on cash and savings, your country needs you
https://m.primal.net/Hqvv.jpg
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0 sats \ 0 replies \ @TomK OP 3 Apr
They'll try to tax the shit out of us
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