Comments on: The Norwegian krone: the new safe haven currency http://www.creditwritedowns.com/2009/03/the-norwegian-krone-the-new-safe-haven-currency.html Sat, 21 Nov 2009 08:48:41 -0700 http://wordpress.org/?v=2.8.6 hourly 1 By: Speed Monster » Blog Archive » Speed Monster http://www.creditwritedowns.com/2009/03/the-norwegian-krone-the-new-safe-haven-currency.html/comment-page-1#comment-5081 Speed Monster » Blog Archive » Speed Monster Mon, 04 May 2009 23:24:08 +0000 http://www.creditwritedowns.com/?p=7225#comment-5081 [...] The Norwegian krone: the new safe haven currency [...] [...] The Norwegian krone: the new safe haven currency [...]

]]> By: bd http://www.creditwritedowns.com/2009/03/the-norwegian-krone-the-new-safe-haven-currency.html/comment-page-1#comment-4473 bd Fri, 20 Mar 2009 15:10:35 +0000 http://www.creditwritedowns.com/?p=7225#comment-4473 Look at the chart of the Krona (FXS) and tell me what the market thinks of the it. Look at the chart of the Krona (FXS) and tell me what the market thinks of the it.

]]> By: Edward Harrison http://www.creditwritedowns.com/2009/03/the-norwegian-krone-the-new-safe-haven-currency.html/comment-page-1#comment-4469 Edward Harrison Fri, 20 Mar 2009 12:29:20 +0000 http://www.creditwritedowns.com/?p=7225#comment-4469 Mark, Competitive currency devaluations were a key destabilizing feature of the great depression. Call it <a href="http://en.wikipedia.org/wiki/Beggar_thy_neighbour" rel="nofollow">beggar-thy-neighbour</a>. As you stated, "Money creation reduces debt burden and improves competitiveness." And I agree with you. But, what's good for one country is obviously bad for others. the natural response is retaliation and protectionism. Mark,

Competitive currency devaluations were a key destabilizing feature of the great depression. Call it beggar-thy-neighbour. As you stated, “Money creation reduces debt burden and improves competitiveness.” And I agree with you. But, what’s good for one country is obviously bad for others. the natural response is retaliation and protectionism.

]]> By: Mark Fowler http://www.creditwritedowns.com/2009/03/the-norwegian-krone-the-new-safe-haven-currency.html/comment-page-1#comment-4464 Mark Fowler Fri, 20 Mar 2009 10:31:10 +0000 http://www.creditwritedowns.com/?p=7225#comment-4464 I cant see how one nation could allow their currency to appreciate dramatically against most others and still trade with the world. 2 ways a nations economy can adapt might be: Very protectionist Compete with the lowest cost producers Money creation reduces debt burden and improves competitiveness. I cant see how one nation could allow their currency to appreciate dramatically against most others and still trade with the world.

2 ways a nations economy can adapt might be:

Very protectionist

Compete with the lowest cost producers

Money creation reduces debt burden and improves competitiveness.

]]> By: Edward Harrison http://www.creditwritedowns.com/2009/03/the-norwegian-krone-the-new-safe-haven-currency.html/comment-page-1#comment-4436 Edward Harrison Wed, 18 Mar 2009 22:02:59 +0000 http://www.creditwritedowns.com/?p=7225#comment-4436 kynikos, also, with the huge Baltic exposure the Swedes will want to ease as well. This chart shows the Krona as a weak currency to boot: http://www.exchange-rates.org/history/EUR/SEK/G/720 kynikos,

also, with the huge Baltic exposure the Swedes will want to ease as well. This chart shows the Krona as a weak currency to boot:

http://www.exchange-rates.org/history/EUR/SEK/G/720

]]> By: Edward Harrison http://www.creditwritedowns.com/2009/03/the-norwegian-krone-the-new-safe-haven-currency.html/comment-page-1#comment-4435 Edward Harrison Wed, 18 Mar 2009 22:00:06 +0000 http://www.creditwritedowns.com/?p=7225#comment-4435 The Swedes are too close to the ECB policy-wise and they have no commodities. In an inflationary environment, you want a currency linked to commodities. Hence the commodity dollar plays. The Swedes are too close to the ECB policy-wise and they have no commodities. In an inflationary environment, you want a currency linked to commodities. Hence the commodity dollar plays.

]]> By: kynikos http://www.creditwritedowns.com/2009/03/the-norwegian-krone-the-new-safe-haven-currency.html/comment-page-1#comment-4434 kynikos Wed, 18 Mar 2009 21:54:49 +0000 http://www.creditwritedowns.com/?p=7225#comment-4434 What do you think about SEK? What do you think about SEK?

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