4 ms·

Not sure about the main story about the article. However, construction on that Ursvik/Rinkby construction site has been very slow since long before the current

by patall 4y ago

Not sure about the main story about the article. However, construction on that Ursvik/Rinkby construction site has been very slow since long before the current crisis. I was biking through the neighboring bridge of the one mentioned here (that is about 100m down the road, so much about that new bridge alone enabling crime) for about 8 month and while my way through changed a few times, progress was very slow. (Not that any of the many many construction projects in Stockholm has been fast). What the article misses is that the Swedish Krona has lost more than 10% compared to the Euro over the last year and that, while theoretically making exports more valuable, increase inflation for all import products. Which for me as an immigrant is the main economic flaw in this country: it should have adopted the Euro like Finnland or at least locked the exchange rate like Denmark. But no, false national pride has now made the entire economic down-turn even harder. (One should also note that mortage rate here in Sweden are still surprisingly low. My 3 month fixed rate right now is 3.65% of which I get back 30% via taxes. Hence I am effectivly borrowing at 2.5%)

nickez 4y ago
The SEK used to be locked. That lead to another kind of crisis in the nineties. You are right that we should've adopted the euro though.
- bombolo 4y ago
  "They have all these useless little coins!!" Said the swedes back then apparently completely forgetting about the 50 öre coins and the gigantic 5sek coins.
chrisco255 4y ago
The Euro is also doomed. It might have saved Sweden a few months of pain at most.
cjblomqvist 4y ago
> But no, false national pride has now made the entire economic down-turn even harder. Or it's more nuanced than that and there are actual benefits (as well as downsides) to having your own currency. It's like Covid. When it went well everybody was cheering and saying how we Swedes were geniuses. When it flipped, we were suckers. Maybe, it's more complex and actually quite a lot about luck and other factors. Another example. Few have historically thought ill of Sweden's long (now gone) tradition of being neutral. One thing that makes it very difficult to be neutral is having a currency that you only control a few percent of.

by patall 4y ago

nickez 4y ago

The SEK used to be locked. That lead to another kind of crisis in the nineties. You are right that we should've adopted the euro though.

bombolo 4y ago
"They have all these useless little coins!!" Said the swedes back then apparently completely forgetting about the 50 öre coins and the gigantic 5sek coins.

chrisco255 4y ago

The Euro is also doomed. It might have saved Sweden a few months of pain at most.

cjblomqvist 4y ago

> But no, false national pride has now made the entire economic down-turn even harder. Or it's more nuanced than that and there are actual benefits (as well as downsides) to having your own currency. It's like Covid. When it went well everybody was cheering and saying how we Swedes were geniuses. When it flipped, we were suckers. Maybe, it's more complex and actually quite a lot about luck and other factors. Another example. Few have historically thought ill of Sweden's long (now gone) tradition of being neutral. One thing that makes it very difficult to be neutral is having a currency that you only control a few percent of.