All-Stars #19 Prof. Steve Keen: Risks to Sweden and Nordic Economies

All Star Prof.Steve Keen and Erik discuss:

· Prof. Steve’s experience at the Central Bank Digital Currency Conference
· Steve’s assessment of the Swedish economy
· Outlook for the Nordic economies more broadly

[ivolgafly]

Keen is a fantastic economist contrary to most of the clowns in the field.

[peterwright]

is your guest able to get out of bed in the morning without a chart

[staffanlundberg]

I don't see how the private houshold debt could become a problem while the interest rate is as low at it is. As the interest rate is predicted to be low for many years the only possibility would be unemployment in a massive scale ? Thus a a very serious recession or even depression in EU with EU banks going bankrupt is what is needed, as I understand it. But even then the swedish state and the swedish banks are extremely financially strong today and we have our own currency, the SEK, to protect us so it seems very difficult for even a recession in Sweden to break the economy of most swedish householda. As for the swedish companies the reason they have built a large debt is of course the extremely low swedish interest rate. Who does not want to borrow money at the extremely low swedish interest rates ?

While I believe EU and certain major EU economies like Italy may have serious financial problems soon I do not see this happening to Sweden.