and continues ……..

And contintues … half of the Swedish budget is gone. The Stockholmian stock market has dropped SEK 1 200 billion since January. Swedbank (the bank I’m using) has dropped in estimation 51 %. There has been speculations wheather or not the Swedish government will bail it out, since it is such a popular thing to do these days. Let’s not forget that this is a bank with around the same amount of stock owners as there are Icelanders in the whole wide world (around 320 000, that is).

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About tegis

This blog belongs to Carl-Mikael A. Teglund - tegis. Swedish emigrant with a heart for languages, philosophy, history, and politics (classical liberalism in the European tradition). Go ahead and look, read, or listen. I'm sure you will find it interesting.
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