Credit Writedowns » Sweden

Robert Shiller: “Sweden has a bubble”

Edward Harrison — Tue, 17 Jan 2012 19:30:02 +0000

Sweden may have a bubble in its housing market. But now that housing prices have begun to fall, it is too late to deploy countermeasures

Credit Writedowns Pro is now live. Sign up today for monthly or yearly subscriptions.
Also read our News Feed for the latest financial and economic news.
Robert Shiller: “Sweden has a bubble” originally appeared on Credit Writedowns

Links: RSS - Daily - Weekly - Twitter - Facebook - Contact
Credit Writedowns Feed # abf0d081857b85fe6be494728740a4f1

Related Posts

Robert Shiller: “It’s not likely to be quickly over” 20 Feb 2009
The Big Interview with Robert Shiller 23 Sep 2010
A conversation with Robert Shiller on Charlie Rose 2 Aug 2009

Euro Squeezed Higher, Takes Others With It, Positive Newstream

Marc Chandler — Tue, 20 Dec 2011 12:30:23 +0000

Successful Spanish and Greek bill auctions and better than expected German IFO caught the market wrong-footed, if the record net speculative short at the IMM is anything to go by. The euro has shot up to almost $1.3090 and pulled up the other major currencies and emerging market currencies in its wake

Credit Writedowns Pro is now live. Sign up today for monthly or yearly subscriptions.
Also read our News Feed for the latest financial and economic news.
Euro Squeezed Higher, Takes Others With It, Positive Newstream originally appeared on Credit Writedowns

Links: RSS - Daily - Weekly - Twitter - Facebook - Contact
Credit Writedowns Feed # abf0d081857b85fe6be494728740a4f1

Related Posts

Is The EMU Debt Crisis Morphing into a Euro Positive Force? 28 Apr 2011
M.F. Euro Takes Down Equities 31 Oct 2011
Irish Bailout is Confirmed, Euro Bids Higher 22 Nov 2010

French and bank downgrades likely while Sweden blows away growth estimates

Marc Chandler — Tue, 29 Nov 2011 12:30:00 +0000

A French press report warned that S&P could put France on negative credit watch within a couple of weeks. Moody's warned that all 27 EU countries are at risk from the euro zone debt crisis. Moody's also placed subordinated debt, junior debt and tier 3 capital of 87 banks in 15 European countries on negative watch. The market impact seemed marginal at best. There was some unadulterated good news today in the form of Sweden's Q3 GDP. It blew away expectations of a 0.3% quarter-over-quarter increase with a 1.6% showing

Credit Writedowns Pro is now live. Sign up today for monthly or yearly subscriptions.
Also read our News Feed for the latest financial and economic news.
French and bank downgrades likely while Sweden blows away growth estimates originally appeared on Credit Writedowns

Links: RSS - Daily - Weekly - Twitter - Facebook - Contact
Credit Writedowns Feed # abf0d081857b85fe6be494728740a4f1

Related Posts

The Global Double Dip and the French Bank Run 22 Sep 2011
Sweden prepares for financial collapse in Latvia and major bank losses at home 5 Oct 2009
Full Text: Moody’s downgrades Spanish savings bank CAM to B3; 17 Oct 2011

On Sweden and Capital Preservation

Marc Chandler — Mon, 22 Aug 2011 16:00:47 +0000

Capital preservation has once again has become mantra. The safety offered by Japan and Switzerland are meeting resistance from policy makers. As the market looks for alternatives, the Swedish krona has much to offer, including a relatively robust economy, low public debt and a current account surplus

Credit Writedowns Pro is now live. Sign up today for monthly or yearly subscriptions.
Also read our News Feed for the latest financial and economic news.
On Sweden and Capital Preservation originally appeared on Credit Writedowns

Links: RSS - Daily - Weekly - Twitter - Facebook - Contact
Credit Writedowns Feed # abf0d081857b85fe6be494728740a4f1

Related Posts

Sweden on the upswing – Krona still in play 9 Aug 2010
Sweden Cuts GDP Forecasts, Boosts Stimulus 15 Apr 2010
Just what is going on in Sweden? 1 Mar 2010

The Irish stress tests and euro zone options: monetisation, default, or break-up

Edward Harrison — Thu, 31 Mar 2011 13:23:24 +0000

The results of the Irish stress tests are going to be released this afternoon at 430PM Irish time. I will be talking about the implications for investors in European markets on CNBC's Power Lunch show. I think one has to be cautious about the sovereign debt of any of the periphery countries at this point. I also think haircuts on Irish bank debt is coming as well as a Portuguese bailout. But there are a lot of unsolved issues concerning Spanish banks and as well as the German, British and French holders of Irish bank debt. Here's the background to what I will say on the show

Credit Writedowns Pro is now live. Sign up today for monthly or yearly subscriptions.
Also read our News Feed for the latest financial and economic news.
The Irish stress tests and euro zone options: monetisation, default, or break-up originally appeared on Credit Writedowns

Links: RSS - Daily - Weekly - Twitter - Facebook - Contact
Credit Writedowns Feed # abf0d081857b85fe6be494728740a4f1

Related Posts

Three options for the euro zone: monetisation, default, or break-up 29 Nov 2010
Talk of All Spanish Banks Passing Stress Tests Boosts The Euro 20 Jul 2010
Draft Document Suggests Stress Tests Not That Stressful, Euro Gets Hammered 23 Jul 2010

The krona is easily the strongest currency within the G10 this year

Marc Chandler — Mon, 28 Feb 2011 14:40:19 +0000

By Marc Chandler The Swedish krona is surging today. Hawkish central bank comments have offset disappointing retail sales figures and there is some talk of some month-end related demand. The euro recorded multi-year lows against the krona on Feb 16 just above SEK8.7 and had recovered to a high near SEK8.8550 earlier today before reversing

Credit Writedowns Pro is now live. Sign up today for monthly or yearly subscriptions.
Also read our News Feed for the latest financial and economic news.
The krona is easily the strongest currency within the G10 this year originally appeared on Credit Writedowns

Links: RSS - Daily - Weekly - Twitter - Facebook - Contact
Credit Writedowns Feed # abf0d081857b85fe6be494728740a4f1

Related Posts

Sweden on the upswing – Krona still in play 9 Aug 2010
The PBoC can’t easily raise interest rate 28 Jul 2010
The Currency Trilemma 8 Oct 2010

In a Disappointing Europe, Sweden Stands Out

Marc Chandler — Mon, 29 Nov 2010 16:30:00 +0000

Europe is engulfed in a financial crisis that is also becoming a political crisis. Sweden stands out as an exception and we affirm our expectation of the krona’s out performance in period ahead. Sweden’s economy contracted 5.3% last year but has rebounded smartly this year. Q3 GDP was reportedly earlier today and at 2.1% quarter-over-quarter

Credit Writedowns Pro is now live. Sign up today for monthly or yearly subscriptions.
Also read our News Feed for the latest financial and economic news.
In a Disappointing Europe, Sweden Stands Out originally appeared on Credit Writedowns

Links: RSS - Daily - Weekly - Twitter - Facebook - Contact
Credit Writedowns Feed # abf0d081857b85fe6be494728740a4f1

Related Posts

Fed Stands Pat for an Extended Period of Time 23 Jun 2010
Euro Weakens As More Stress Test Leaks Are Disappointing 21 Jul 2010
Property more overvalued in Sweden than in US 17 Aug 2008

Quick Thoughts on the Irish Bailout

Edward Harrison — Mon, 22 Nov 2010 14:11:27 +0000

I am still in catch-up mode this morning but I wanted to highlight a few points on the Irish bailout. The first has to do with the European stress tests. If you recall, the two Irish banks tested were Bank of Ireland and Allied Irish Bank. Both passed the tests. These paragraphs from the BBC

Credit Writedowns Pro is now live. Sign up today for monthly or yearly subscriptions.
Also read our News Feed for the latest financial and economic news.
Quick Thoughts on the Irish Bailout originally appeared on Credit Writedowns

Links: RSS - Daily - Weekly - Twitter - Facebook - Contact
Credit Writedowns Feed # abf0d081857b85fe6be494728740a4f1

Related Posts

Quick thoughts on Irish sovereign debt crisis 23 Sep 2010
Text of Irish Government and EU Statements on Irish Bailout 22 Nov 2010
Finland: Don’t Push Irish into Bailout 16 Nov 2010

German budget austerity requirements divide EU summit

Edward Harrison — Thu, 28 Oct 2010 14:30:00 +0000

The Germans are planning to put forward a plan to change guidelines to the stability and growth pact (SGP) to give it more teeth. The sense in Berlin is that the SGP, which limits budget deficits to 3% and debt-to-GDP to 60%, has been a bust as flouting of the SGP has been widespread. I

Credit Writedowns Pro is now live. Sign up today for monthly or yearly subscriptions.
Also read our News Feed for the latest financial and economic news.
German budget austerity requirements divide EU summit originally appeared on Credit Writedowns

Links: RSS - Daily - Weekly - Twitter - Facebook - Contact
Credit Writedowns Feed # abf0d081857b85fe6be494728740a4f1

Related Posts

Key Passages of Osborne’s Austerity Budget 22 Jun 2010
Video: Britain’s Austerity Budget 21 Oct 2010
On Spanish and German Austerity and Other Links 8 Jun 2010

Sweden’s Boom Economy

Edward Harrison — Tue, 17 Aug 2010 06:41:49 +0000

While the US and the UK are contemplating double dip, the export oriented economy in Sweden seems to be doing quite well. Related Posts David Rosenberg on the Canadian Housing boom and the V-shaped recovery 23 Apr 2010 Ireland: the bust after the boom 26 Jun 2008 More About: Economy, Housing, interest rates, mortgages, Sweden

Credit Writedowns Pro is now live. Sign up today for monthly or yearly subscriptions.
Also read our News Feed for the latest financial and economic news.
Sweden’s Boom Economy originally appeared on Credit Writedowns

Links: RSS - Daily - Weekly - Twitter - Facebook - Contact
Credit Writedowns Feed # abf0d081857b85fe6be494728740a4f1

Related Posts

David Rosenberg on the Canadian Housing boom and the V-shaped recovery 23 Apr 2010
Ireland: the bust after the boom 26 Jun 2008

Sweden on the upswing – Krona still in play

Marc Chandler — Mon, 09 Aug 2010 21:24:44 +0000

The Swedish krona remains a market darling. Over the past 3-months it neck-to-neck with sterling as the strongest G10 currency, up about 7.75% against the dollar and about 4% against the euro. It has strong macro-economic fundamentals. The preliminary estimate of Q2 GDP was reported in late July at 3.7% (year-over-year) after a 3% reading

Credit Writedowns Pro is now live. Sign up today for monthly or yearly subscriptions.
Also read our News Feed for the latest financial and economic news.
Sweden on the upswing – Krona still in play originally appeared on Credit Writedowns

Links: RSS - Daily - Weekly - Twitter - Facebook - Contact
Credit Writedowns Feed # abf0d081857b85fe6be494728740a4f1

Related Posts

Sweden Cuts GDP Forecasts, Boosts Stimulus 15 Apr 2010
Just what is going on in Sweden? 1 Mar 2010
Sweden: negative interest rates and quantitative easing 5 Jul 2009

Risk Returns on Successful ECB Tender

Marc Chandler — Wed, 30 Jun 2010 11:30:10 +0000

Highlights The US dollar is generally softer, consolidating yesterday’s moves. In fact, the three best performers yesterday and for the month of June, namely the Swiss franc, British pound and Japanese yen, are the laggards today. Month-end and quarter-end adjustments are commingling with normal market forces after outsized moves the previous day. The key event

Credit Writedowns Pro is now live. Sign up today for monthly or yearly subscriptions.
Also read our News Feed for the latest financial and economic news.
Risk Returns on Successful ECB Tender originally appeared on Credit Writedowns

Links: RSS - Daily - Weekly - Twitter - Facebook - Contact
Credit Writedowns Feed # abf0d081857b85fe6be494728740a4f1

Related Posts

Dollar’s Downside Correction Extends After Successful Spanish Auction 17 Jun 2010
EM Currencies Remain Vulnerable As Pessimism Returns 25 Feb 2010
BBH CurrencyView: Greece Returns With Vengeance 6 Apr 2010

Dollar to Rally After ECB Rate Decision

Marc Chandler — Thu, 10 Jun 2010 11:23:05 +0000

Highlights The US dollar is softer across the board and is indeed at new lows for the week against most of the major currencies ahead of a relatively constructive string of economic data and rate hikes from New Zealand and Brazil, a healthy reception to the first Spanish bond auction since the credit downgrade at

Credit Writedowns Pro is now live. Sign up today for monthly or yearly subscriptions.
Also read our News Feed for the latest financial and economic news.
Dollar to Rally After ECB Rate Decision originally appeared on Credit Writedowns

Links: RSS - Daily - Weekly - Twitter - Facebook - Contact
Credit Writedowns Feed # abf0d081857b85fe6be494728740a4f1

Related Posts

The dollar rally spells trouble for some investors 5 Sep 2008
Economic nationalism and GM’s decision to keep Opel and Vauxhall 5 Nov 2009
Chart of the Day: Relief Rally for Euro Fades 10 May 2010

Euro Advances in Quieter Markets on Short Covering

Marc Chandler — Fri, 28 May 2010 12:32:58 +0000

The US dollar is mostly little changed today. The main feature is the covering of short euro positions and this has lifted the single currency to new four-day highs against the dollar. As we have noted in recent days, its downside momentum had faded and the near-term risk was bout of position squaring. The other notable exceptions today are the Australian and Canadian dollars, with the help of bottom pickers and firmer commodity prices, and the Swedish krona, which has been underpinned by a stronger than expected Q1 GDP and a significant upward revision to the Q4 09 GDP. Lastly, the Israeli shekel, which has been particularly active in recent days amid MSCI re-weighting related adjustments, is giving back yesterday’s late gains and net-net is little changed on the week that saw a 3% range from high to low

Credit Writedowns Pro is now live. Sign up today for monthly or yearly subscriptions.
Also read our News Feed for the latest financial and economic news.
Euro Advances in Quieter Markets on Short Covering originally appeared on Credit Writedowns

Links: RSS - Daily - Weekly - Twitter - Facebook - Contact
Credit Writedowns Feed # abf0d081857b85fe6be494728740a4f1

Related Posts

Market manipulation, short-covering rallies and cyclical bulls 1 Jun 2009
Short Euro Liquidation 19 May 2010
Euro Losses Accelerate As Germany Bans Some Short-selling 18 May 2010

Lies, Damn Lies And Statistics In Sweden (of all places)

Edward Hugh — Sun, 18 Apr 2010 00:27:01 +0000

This post is basically a follow-up to my earlier Just What Is Going On In Sweden? one, and has been stimulated by an article which appeared in Bloomberg earlier in the week, detailing a number of issues which have arisen in conjunction with the Swedish Statistical Office. The Story So Far Basically, most of us

Credit Writedowns Pro is now live. Sign up today for monthly or yearly subscriptions.
Also read our News Feed for the latest financial and economic news.
Lies, Damn Lies And Statistics In Sweden (of all places) originally appeared on Credit Writedowns

Links: RSS - Daily - Weekly - Twitter - Facebook - Contact
Credit Writedowns Feed # abf0d081857b85fe6be494728740a4f1

Related Posts

We’re not the only ones who don’t believe the statistics 12 Jun 2008
A note on government statistics and unemployment 3 Apr 2009
Just what is going on in Sweden? 1 Mar 2010

Sweden Cuts GDP Forecasts, Boosts Stimulus

Marc Chandler — Thu, 15 Apr 2010 14:42:04 +0000

The Swedish government cuts its growth forecasts for this year and increased its spending to boost the economy, ahead of the Sept parliament elections. The krona is gaining against the euro, but this is more a reflection on the euro’s weakness than the krona’s strength. This year’s official GDP forecasts was cut to 2.5% from

Credit Writedowns Pro is now live. Sign up today for monthly or yearly subscriptions.
Also read our News Feed for the latest financial and economic news.
Sweden Cuts GDP Forecasts, Boosts Stimulus originally appeared on Credit Writedowns

Links: RSS - Daily - Weekly - Twitter - Facebook - Contact
Credit Writedowns Feed # abf0d081857b85fe6be494728740a4f1

Related Posts

Just what is going on in Sweden? 1 Mar 2010
Property more overvalued in Sweden than in US 17 Aug 2008
Did Sweden really nationalize its banks? 25 Feb 2009

Sweden did not nationalize its entire banking system

Edward Harrison — Wed, 14 Apr 2010 02:48:00 +0000

I hadn’t intended to write this post, but I caught the back end of a lot of chatter about the Swedish banking crisis response and needed to set the record straight on what actually happened in Sweden. Andrew Ross Sorkin wrote what I would consider to be a full-throated defense of the Geithner-Obama bailouts earlier

Credit Writedowns Pro is now live. Sign up today for monthly or yearly subscriptions.
Also read our News Feed for the latest financial and economic news.
Sweden did not nationalize its entire banking system originally appeared on Credit Writedowns

Links: RSS - Daily - Weekly - Twitter - Facebook - Contact
Credit Writedowns Feed # abf0d081857b85fe6be494728740a4f1

Related Posts

Did Sweden really nationalize its banks? 25 Feb 2009
Germany: banking system collapse possible due to Hypo Real Estate 4 Oct 2008
David Beim: Citi is too big to nationalize 5 Mar 2009

Just what is going on in Sweden?

Edward Hugh — Tue, 02 Mar 2010 01:31:41 +0000

This is a post by Edward Hugh, who also blogs at Global Economy Matters. According to data released today from the Swedish statistical office Sweden unexpectedly fell back into recession in the fourth quarter, adding to the impression there has been a growth dip among Europe’s economies and raising further questions about the durability of

Credit Writedowns Pro is now live. Sign up today for monthly or yearly subscriptions.
Also read our News Feed for the latest financial and economic news.
Just what is going on in Sweden? originally appeared on Credit Writedowns

Links: RSS - Daily - Weekly - Twitter - Facebook - Contact
Credit Writedowns Feed # abf0d081857b85fe6be494728740a4f1

Related Posts

Property more overvalued in Sweden than in US 17 Aug 2008
Did Sweden really nationalize its banks? 25 Feb 2009
Sweden: negative interest rates and quantitative easing 5 Jul 2009

Swedish Risks

Marc Chandler — Tue, 23 Feb 2010 17:43:38 +0000

A post by Marc Chandler, head of Brown Brother Harriman’s Currency Strategy Team. For BBH’s currency views, visit the website here. Many investments houses have been extremely bullish on the Swedish krona. Swedish shares have generally outperformed most European bourses thus far this year, with the exception of Switzerland. Swedish bonds have also fared fine,

Credit Writedowns Pro is now live. Sign up today for monthly or yearly subscriptions.
Also read our News Feed for the latest financial and economic news.
Swedish Risks originally appeared on Credit Writedowns

Links: RSS - Daily - Weekly - Twitter - Facebook - Contact
Credit Writedowns Feed # abf0d081857b85fe6be494728740a4f1

Related Posts

The latest bubble warning: Swedish house prices 25 Oct 2009
The Swedish roots of the UK bailout plan 8 Oct 2008
Swedish government gives Saab the cold shoulder 19 Feb 2009

The Swedish banking crisis response or the bailout hustle?

Edward Harrison — Mon, 22 Feb 2010 01:57:27 +0000

I referenced Matt Taibbi’s latest work at Rolling Stone “Wall Street’s Bailout Hustle” recently when talking about a movie on Ponzi schemes and fraud that aired on 60 Minutes. I liked the piece and recommend you read it – fully aware of the awaiting hyperbole Taibbi uses to hype his case. The interesting bit is

Credit Writedowns Pro is now live. Sign up today for monthly or yearly subscriptions.
Also read our News Feed for the latest financial and economic news.
The Swedish banking crisis response or the bailout hustle? originally appeared on Credit Writedowns

Links: RSS - Daily - Weekly - Twitter - Facebook - Contact
Credit Writedowns Feed # abf0d081857b85fe6be494728740a4f1

Related Posts

The Swedish banking crisis response – a model for the future? 13 Aug 2008
A few thoughts about the banking crisis response in the United States 17 Mar 2009
The Swedish roots of the UK bailout plan 8 Oct 2008

Irish and Swedish join chorus of countries seeking austerity for the Greeks

Edward Harrison — Thu, 18 Feb 2010 00:55:02 +0000

I wanted to highlight a few articles on Greece below. Due to time constraints, I cannot translate this Dagens Nyheter article (Borg tror inte Greklands plan räcker – DN.se). But the general gist is one of Sweden’s premier Borg supporting austerity for Greece and the IMF as an agent to ensure this. If you look

Credit Writedowns Pro is now live. Sign up today for monthly or yearly subscriptions.
Also read our News Feed for the latest financial and economic news.
Irish and Swedish join chorus of countries seeking austerity for the Greeks originally appeared on Credit Writedowns

Links: RSS - Daily - Weekly - Twitter - Facebook - Contact
Credit Writedowns Feed # abf0d081857b85fe6be494728740a4f1

Related Posts

Estonia looks to join the Eurozone in 2011 16 Dec 2009
The Dutch join the Germans in rejecting bailout of Greece 15 Feb 2010
Lessons from Swedish bank resolution policy 11 Mar 2009

Latvia warns Swedish banks to resume lending

Edward Harrison — Wed, 23 Dec 2009 01:47:08 +0000

This comes via the FT: Latvia’s prime minister has warned Swedish banks they risk choking off recovery in the Baltic state’s crisis-hit economy unless they resume lending. Banks such as Swedbank and SEB, which dominate the Latvian market, have reined in credit as they struggle to contain rising bad loans amid the deepest recession in

Credit Writedowns Pro is now live. Sign up today for monthly or yearly subscriptions.
Also read our News Feed for the latest financial and economic news.
Latvia warns Swedish banks to resume lending originally appeared on Credit Writedowns

Links: RSS - Daily - Weekly - Twitter - Facebook - Contact
Credit Writedowns Feed # abf0d081857b85fe6be494728740a4f1

Related Posts

Earnings results at Swedish banks show large writedowns in Baltics 21 Jul 2009
The FDIC to get credit from banks even while banks restrict lending 22 Sep 2009
EU: Banks ask for a bailout for poor lending in Eastern Europe 21 Jan 2009

GM to liquidate Saab

Edward Harrison — Fri, 18 Dec 2009 21:43:51 +0000

From the Guardian: General Motors announces closure of 62-year-old Swedish carmaker after collapse of negotiations with Spyker One of the most famous names in European motoring, Saab, is set to be consigned to automotive history following a decision today by its owner, General Motors, to shut down the business after a last-ditch attempt at a

Credit Writedowns Pro is now live. Sign up today for monthly or yearly subscriptions.
Also read our News Feed for the latest financial and economic news.
GM to liquidate Saab originally appeared on Credit Writedowns

Links: RSS - Daily - Weekly - Twitter - Facebook - Contact
Credit Writedowns Feed # abf0d081857b85fe6be494728740a4f1

Related Posts

Swedish government gives Saab the cold shoulder 19 Feb 2009
GM finding no takers on Saab? 9 Jan 2009
GM’s sale of Saab collapses 24 Nov 2009

Expect continued losses from Nordic bank exposure outside home market

Edward Harrison — Tue, 08 Dec 2009 23:46:58 +0000

Moody’s anticipates continued losses at Danske Bank, SEB, and Swedbank due to large exposure outside of the Nordic markets. In particular, exposure in the Baltics is likely to lead to continued writedowns for Nordic banking institutions. The Irish Independent reports: Danske Bank A/S, SEB AB and Swedbank AB will keep suffering losses from their non-Nordic

Credit Writedowns Pro is now live. Sign up today for monthly or yearly subscriptions.
Also read our News Feed for the latest financial and economic news.
Expect continued losses from Nordic bank exposure outside home market originally appeared on Credit Writedowns

Links: RSS - Daily - Weekly - Twitter - Facebook - Contact
Credit Writedowns Feed # abf0d081857b85fe6be494728740a4f1

Related Posts

Sweden prepares for financial collapse in Latvia and major bank losses at home 5 Oct 2009
Austrian banks have emerging-market financial exposure that is 70% of GDP 5 Jan 2009
Deutsche Bank: Loan losses will double in 2009 5 Jan 2009

GM’s sale of Saab collapses

Edward Harrison — Tue, 24 Nov 2009 17:59:48 +0000

From Reuters: A deal by General Motors Co GM.UL to sell its Saab brand collapsed on Tuesday when the buyer pulled out in a move that threatens the Swedish luxury brand with closure. GM had been aiming to close a deal by the end of next month to sell Saab to a partnership led by

Credit Writedowns Pro is now live. Sign up today for monthly or yearly subscriptions.
Also read our News Feed for the latest financial and economic news.
GM’s sale of Saab collapses originally appeared on Credit Writedowns

Links: RSS - Daily - Weekly - Twitter - Facebook - Contact
Credit Writedowns Feed # abf0d081857b85fe6be494728740a4f1

Related Posts

GM finding no takers on Saab? 9 Jan 2009
Swedish government gives Saab the cold shoulder 19 Feb 2009
Sweden: competitive auto bailouts begin with Saab and Volvo 11 Dec 2008

The latest bubble warning: Swedish house prices

Edward Harrison — Sun, 25 Oct 2009 16:00:00 +0000

There is mounting evidence that bubbles are forming again everywhere across the globe as easy money makes itself felt in asset prices. The latest evidence comes from Sweden where Europe’s lowest home loan rates have pushed up the price of residential property. At issue is the extremely loose monetary policy in Sweden that is an

Credit Writedowns Pro is now live. Sign up today for monthly or yearly subscriptions.
Also read our News Feed for the latest financial and economic news.
The latest bubble warning: Swedish house prices originally appeared on Credit Writedowns

Links: RSS - Daily - Weekly - Twitter - Facebook - Contact
Credit Writedowns Feed # abf0d081857b85fe6be494728740a4f1

Related Posts

Denmark: the latest victim of falling house prices 1 Jul 2008
London house prices at an all-time high 19 Oct 2009
UK house prices need to fall up to 63% 14 Jun 2008

Sweden prepares for financial collapse in Latvia and major bank losses at home

Edward Harrison — Tue, 06 Oct 2009 00:23:52 +0000

The following is my translation of a much-discussed article that appeared in Swedish daily Svenska Dagbladet at the weekend. This information was being withheld from the public and leaked at an inopportune moment. Note that the Swedish government has secretly been preparing the banks for financial Armageddon, encouraging Swedbank into a rights issue which arguably

Credit Writedowns Pro is now live. Sign up today for monthly or yearly subscriptions.
Also read our News Feed for the latest financial and economic news.
Sweden prepares for financial collapse in Latvia and major bank losses at home originally appeared on Credit Writedowns

Links: RSS - Daily - Weekly - Twitter - Facebook - Contact
Credit Writedowns Feed # abf0d081857b85fe6be494728740a4f1

Related Posts

Seattle Home Loan Bank short of capital 13 Jan 2009
Bank of Canada blames Geithner for financial mess 24 Apr 2009
Sweden: competitive auto bailouts begin with Saab and Volvo 11 Dec 2008

Zombie banks Scandinavian edition and the threat of too big to fail

Edward Harrison — Mon, 31 Aug 2009 19:34:12 +0000

Across the world, governments are doing their level best to shore up weak banking systems in the wake of the most significant final crisis in decades. Most market players appear to believe these efforts successful; why else have shares risen so dramatically from lows late last year and early this year? While I do believe

Credit Writedowns Pro is now live. Sign up today for monthly or yearly subscriptions.
Also read our News Feed for the latest financial and economic news.
Zombie banks Scandinavian edition and the threat of too big to fail originally appeared on Credit Writedowns

Links: RSS - Daily - Weekly - Twitter - Facebook - Contact
Credit Writedowns Feed # abf0d081857b85fe6be494728740a4f1

Related Posts

Roubini’s RGE Monitor: Threat of ‘Asia-Style Crisis’ in Eastern Europe 10 Jun 2009
Simon Johnson: Too big to fail is “too big to exist” 21 Apr 2009
The Obama-Geithner Plan will fail 12 Feb 2009

Why is Swedbank doing a second rights issue?

Edward Harrison — Mon, 17 Aug 2009 21:07:21 +0000

Today, Swedbank, a Swedish bank with huge Baltic loan loss exposure, surprised investors with a second rights issue in less than a year. In going to investors for more money, the company said its doing so in a fully underwritten deal demonstrated “a position of strength.” “This is a forward-looking rights issue” to deal with

Credit Writedowns Pro is now live. Sign up today for monthly or yearly subscriptions.
Also read our News Feed for the latest financial and economic news.
Why is Swedbank doing a second rights issue? originally appeared on Credit Writedowns

Links: RSS - Daily - Weekly - Twitter - Facebook - Contact
Credit Writedowns Feed # abf0d081857b85fe6be494728740a4f1

Related Posts

UBS rights issue hits an air pocket 10 Jun 2008
Natixis offers rights issue at 61% discount 4 Sep 2008
Bradford & Bingley to issue profit warning 31 May 2008

Earnings results at Swedish banks show large writedowns in Baltics

Edward Harrison — Tue, 21 Jul 2009 10:30:03 +0000

Earnings season is upon us and the Swedish banks have begun reporting earnings. Their results have seen huge writedowns that demonstrate large and continued exposure to souring loans in the Baltics. Handelsbanken and Nordea reported today. Despite the writedowns, you do get the sense that things are going better than expected as the banks beat

Credit Writedowns Pro is now live. Sign up today for monthly or yearly subscriptions.
Also read our News Feed for the latest financial and economic news.
Earnings results at Swedish banks show large writedowns in Baltics originally appeared on Credit Writedowns

Links: RSS - Daily - Weekly - Twitter - Facebook - Contact
Credit Writedowns Feed # abf0d081857b85fe6be494728740a4f1

Related Posts

Spain’s savings banks may have 40 billion in writedowns 3 Apr 2009
Level Three Assets: banks are hiding the ball on credit writedowns 11 Dec 2008
Are the Baltics the new Argentina? 30 Jul 2008

Transferring Swedish bank risk onto Latvian taxpayers

Edward Harrison — Thu, 09 Jul 2009 19:32:55 +0000

This is my translation of an article from Dagens Nyheter, a Swedish daily. Swedish banks are planning to write down Latvian personal loans by 10 percent. However, the proposal includes only a small part of the Latvia’s mountain of debt. The criteria for qualifying for the program, as it stands right now, is quite strict.

Credit Writedowns Pro is now live. Sign up today for monthly or yearly subscriptions.
Also read our News Feed for the latest financial and economic news.
Transferring Swedish bank risk onto Latvian taxpayers originally appeared on Credit Writedowns

Links: RSS - Daily - Weekly - Twitter - Facebook - Contact
Credit Writedowns Feed # abf0d081857b85fe6be494728740a4f1

Related Posts

Lessons from Swedish bank resolution policy 11 Mar 2009
The Swedish roots of the UK bailout plan 8 Oct 2008
Swedish government gives Saab the cold shoulder 19 Feb 2009

Sweden: negative interest rates and quantitative easing

Edward Harrison — Sun, 05 Jul 2009 11:46:43 +0000

In the clearest signal yet that we are still in a potentially devastating global deflationary spiral, The Riksbank, Sweden’s central bank and the world’s oldest central bank, has effectively cut interest rates to minus 0.25% and has started a program of quantitative easing a.k.a printing money. These are the most dramatic moves yet by a

Credit Writedowns Pro is now live. Sign up today for monthly or yearly subscriptions.
Also read our News Feed for the latest financial and economic news.
Sweden: negative interest rates and quantitative easing originally appeared on Credit Writedowns

Links: RSS - Daily - Weekly - Twitter - Facebook - Contact
Credit Writedowns Feed # abf0d081857b85fe6be494728740a4f1

Related Posts

Quantitative easing everywhere? 5 Dec 2008
Quantitative easing: printing money like mad to ward off deflation 30 Nov 2008
Is Japan next on the road to quantitative easing? 16 Jan 2009

Event risk in the Baltics is critically high

Edward Harrison — Thu, 28 May 2009 15:11:36 +0000

This is the assessment of den Danske Bank as reported by Edward Hugh. The last time I mentioned the Baltics was on May 12th in my post “A bearish view on Eastern Europe.” I ended saying the Scandinavian banks’ exposure to the Baltics is just as worrying and should be the place to watch before

Credit Writedowns Pro is now live. Sign up today for monthly or yearly subscriptions.
Also read our News Feed for the latest financial and economic news.
Event risk in the Baltics is critically high originally appeared on Credit Writedowns

Links: RSS - Daily - Weekly - Twitter - Facebook - Contact
Credit Writedowns Feed # abf0d081857b85fe6be494728740a4f1

Related Posts

Are the Baltics the new Argentina? 30 Jul 2008
Baltics: Fitch downgrade and more downgrades to come 8 Apr 2009
Baltics: Violence from an Argentina-style collapse 16 Jan 2009

Is Obama considering nationalisation?

Marshall Auerback — Fri, 20 Mar 2009 18:00:42 +0000

You may have seen Ed's post "Gillian Tett: Washington is talking to Swedes about banking crisis solutions" a week back about how the U.S. government was getting ready to talk to Swedish officials regarding the banking crisis. This is a very important development and I have a lot more to provide below on the issue as it pertains to today's events and Japan's crisis early this decade

Credit Writedowns Pro is now live. Sign up today for monthly or yearly subscriptions.
Also read our News Feed for the latest financial and economic news.
Is Obama considering nationalisation? originally appeared on Credit Writedowns

Links: RSS - Daily - Weekly - Twitter - Facebook - Contact
Credit Writedowns Feed # abf0d081857b85fe6be494728740a4f1

Related Posts

European banking collapse including nationalisation of three banks 29 Sep 2008
The Obama-Geithner Plan will fail 12 Feb 2009
Bush Administration turns the TARP over to Obama 17 Nov 2008

Gillian Tett: Washington is talking to Swedes about banking crisis solutions

Edward Harrison — Thu, 12 Mar 2009 21:00:46 +0000

Gillian Tett has written in the Financial Times that the Obama Administration is no talking to the Swedes directly about their solution to the credit crisis, suggesting a openness to potential banking crisis solutions. Next week, Bo Lundgren, now head of the Swedish debt office, but formerly a Deputy Finance Minister under Carl Bildt, is scheduled to meet with American officials in Washington. For those of us who see positives in the Swedish crisis solution, this is positive news

Credit Writedowns Pro is now live. Sign up today for monthly or yearly subscriptions.
Also read our News Feed for the latest financial and economic news.
Gillian Tett: Washington is talking to Swedes about banking crisis solutions originally appeared on Credit Writedowns

Links: RSS - Daily - Weekly - Twitter - Facebook - Contact
Credit Writedowns Feed # abf0d081857b85fe6be494728740a4f1

Related Posts

The problem with comprehensive banking crisis solutions 24 Nov 2008
The U.S. banking crisis: where are we? 29 Sep 2008
The Swedish banking crisis response – a model for the future? 13 Aug 2008