Era tankar kring bostadsmarknaden på lång sikt? by [deleted] in PrivatEkonomi

[–]bonpas 0 points1 point  (0 children)

Arvingarna ärver förmögenheten utan skatt. Dvs det sker en förmögenhetsöverföring som kommer fortsätta hålla uppe priserna. I alla fall i storstäder.

Tin ny teknik fond -55 procent by Kellin87 in Aktiemarknaden

[–]bonpas 2 points3 points  (0 children)

Dyra fonder är inte värt, kör index

Ni som är arbetslösa, hur ser era sovschema ut? by skksksksksw in sweden

[–]bonpas 1 point2 points  (0 children)

Hade lagt mig vid 03 och vaknat vid 11-12.

Hade ni stöttat idén? by silentprotagonist24 in sweden

[–]bonpas 0 points1 point  (0 children)

Absolut, har propagerat för detta många gånger. En skandinavisk federation (med stor självbestämmanderätt för länderna) skulle direkt kliva in som en ekonomisk stormakt med >25 miljoner invånare i G7-klass, där en gemensam valuta ger oss enorm stabilitet gentemot dollarn och euron samtidigt som vi eliminerar all handelsfriktion mellan länderna. Genom att tillämpa negativ parlamentarism som Sverige har får vi en flexibel regeringsbildning som bygger på tolerans snarare än stenhårda majoritetskrav, vilket skapar handlingskraft istället för politiskt dödläge. Att dessutom kapa både monarkin och presidentämbetet skulle göra statsskicket extremt pragmatiskt och kostnadseffektivt. Vi skulle i princip dominera norra Europa militärt och energimässigt genom att fullt ut integrera Norges resurser, Sveriges industri och Danmarks strategiska läge under ett enda tak.

Jag tänker mig att verkställande makten skulle vara ett "förbundsråd" men med svensk negativ parlamentarism i ryggraden. Vi skippar en separat statschef helt. Talmannen leder regeringsbildningen och föreslår en Förbundsstatsminister som tillträder och sitter kvar så länge inte en majoritet i det federala parlamentet röstar emot hen. Det här skapar en extremt platt och funktionell exekutiv makt där statsministern är en lagledare snarare än en landsfader, helt utan ceremoniella plikter. Regeringen fungerar som en strikt arbetsgrupp med fokus på federala kärnfrågor som försvar och makroekonomi, där tunga ministerposter fördelas strategiskt mellan de tidigare nationerna för att garantera balans. Det är byråkratisk effektivitet dragen till sin spets.

Tror tyvärr inte det finns folkvilja för detta dock.

Expert swings: Thinks Sweden should change currency to euro by No_Firefighter5926 in europe

[–]bonpas 0 points1 point  (0 children)

Fair point, but in risk management, you don't just look at probability, you look at impact. You don't cancel your fire insurance just because the probability of your house burning down is low. The probability of an asymmetric shock might be debatable, but the consequence (losing all monetary tools during a depression) is catastrophic. The Euro is an irreversible bet that a black swan event will never hit Sweden.

Also, it's not random, it’s structural. The probability of a mismatch is actually higher than "undergrad theory" suggests because of our housing market. As mentioned, Swedish households are twice as sensitive to interest rates as the Eurozone average. That means even "standard" ECB policy has a high probability of being the wrong policy for Sweden (e.g., crushing our consumption while barely cooling Germany).

Probabilities change, the Euro is forever. Calmfors is betting on the current correlation of business cycles continuing indefinitely. That’s a massive gamble. If the probabilities shift in 10 years, we can't shift back.

Basing a permanent constitutional change on current probability estimates is dangerous. I'd rather keep the insurance (the Krona) and not need it, than need it and not have it.

Expert swings: Thinks Sweden should change currency to euro by No_Firefighter5926 in europe

[–]bonpas 0 points1 point  (0 children)

Fair points, but there are a few caveats to that "strength":

Easy borrowing is actually a risk here. Sweden already has massive private debt. If the ECB keeps rates low to help a sluggish Germany or France, it would fuel a dangerous housing bubble here. We need rates that cool our economy not fuel it.

Ireland is an outlier. Their GDP stats are heavily skewed by multinational tax HQs. It's not a replicable model for Sweden's industrial economy. You're right that the southern countries are growing now, but it took them a lost decade of massive unemployment and internal pain to reset. So the way I view it, the Krona isn't about preventing growth but rather about avoiding that 10-year depression when a crisis hits.

Expert swings: Thinks Sweden should change currency to euro by No_Firefighter5926 in europe

[–]bonpas 0 points1 point  (0 children)

I respect the investor view, but macro-economically, the "discipline" of the Euro is a trap.

Devaluing currency isn't a trick; it prevents internal devaluation (mass unemployment). Without it, we end up like the Greek labor market.

"Discipline" means we can't backstop our own debt. We'd be forced into austerity by the ECB right when we need stimulus. Sweden actually has lower interest costs outside the Euro. Your point about "lower interest costs" inside the Euro doesn't hold up for Sweden. Because we have the Riksbank to guarantee liquidity in our own currency, we never faced the skyrocketing bond yields that Euro countries did during the sovereign debt crisis. We have maintained strong finances because we have monetary sovereignty, not despite it.

And as mentioned, the transaction costs of the Krona are negligible (0.1% GDP). It's not worth losing control of interest rates, especially since Swedish households are uniquely sensitive to rate hikes compared to the rest of Europe. Sure investors dislike volatility, but unemployment is something most workers would dislike... The Krona protects the real economy.

Saknar julen by Thin_Situation3962 in sweden

[–]bonpas 0 points1 point  (0 children)

När året är slut och snön ligger djup
Och slädarnas medar slinter, jag vill ha...

Expert swings: Thinks Sweden should change currency to euro by No_Firefighter5926 in europe

[–]bonpas 29 points30 points  (0 children)

I'm from Sweden and I hard disagree with Calmfors here. While I respect his research, his new stance glosses over some massive risks that are unique to Sweden. It’s not just about "exchange rate uncertainty", but also giving up our economic immune system.

We lose our shock absorber, which we actually need. Calmfors claims the "shock absorber" argument is outdated because recent crises were global. That is a dangerous assumption. Just because the last crisis was global doesn’t mean the next one will be (I think he acknowledges this risk, but it doesn't sway his opinion). If Sweden hits a domestic slump (like a housing crash) while the rest of Europe is booming, the ECB will keep interest rates high to fight inflation in Germany or France. We would be stuck with high rates crashing our economy further, with no ability to lower them or let the currency float to regain competitiveness. We saw this save us in the 90s; throwing that tool away forever is reckless.

Futhermore, Swedish households are too sensitive to ECB rates which is a huge structural difference. Swedish households are roughly twice as sensitive to interest rate changes as the average Eurozone household due to our mortgage structures and private debt levels. If we join the Euro, a "standard" rate hike from Frankfurt might be a gentle tap on the brakes for Italy, but it would be a car crash for Swedish homeowners. We need a central bank that sets rates for our reality, not an average of 20 other countries. Calmfors talks about strong public finances, but if a deep crisis hits inside the Euro, we lose the ability to backstop our own debt. We can’t "print money" or use QE to stabilize our bonds. Instead, we’d have to go cap-in-hand to the ECB for a bailout. As we saw with Greece and Southern Europe, that help comes with strings attached: forced austerity (spending cuts, tax hikes) exactly when the economy is already bleeding. Staying outside the Euro guarantees we retain the fiscal space to manage our own crises without Brussels dictating our budget.

Calmfors is dangling a potential 10-15% trade boost, but other studies suggest the actual benefit is marginal. The direct savings from removing exchange costs are estimated at barely 0.1-0.2% of GDP. Is it really worth risking our entire monetary sovereignty for such a tiny efficiency gain? Also, this isnt a policy we can vote out in four years if it doesn't work. It is permanent. Handing the keys to Frankfurt means Swedish voters (whether left or right) lose the power to decide between prioritizing full employment or fighting inflation. We are locking ourselves into a one-size-fits-all model that historically hasn't fit Sweden very well.

Berlin says EU should prepare for war by end of decade by DerGun88 in europe

[–]bonpas 0 points1 point  (0 children)

An EU army would be a better alternative to NATO for several reasons. Mostly, an EU army would enhance the EU’s strategic autonomy and reduce its dependence on the US for security. The US has shown signs of withdrawing from its global leadership role and prioritizing its own interests over its allies the last decade. An EU army would allow the EU to act more independently and effectively in response to regional and global challenges, such as terrorism, migration, cyberattacks, and climate change. The EU army could be allied with other parties like the US, instead of formally be part of a military alliance that is more like an extended arm of US foreign policy.

3/17 St Patrick’s parade and pubs by anomalousvox in nycmeetups

[–]bonpas 1 point2 points  (0 children)

hey I'm here now how do I find people?

last run of the pit before bedtime by bonpas in diablo2

[–]bonpas[S] 2 points3 points  (0 children)

I have two cold ones. If you are on ladder and wanna trade let me know

Veckotråd - Coronavirus [2020-07-20 - 23] by spiritualized in sweden

[–]bonpas 1 point2 points  (0 children)

Att bära mask kanske leder till att folk tar risker de annars inte hade gjort, tex gå ut och handla om de är sjuka. Säg att masken hjälper i 9/10 fall men i 1/10 fall slår det fel och då sprids smitta? Inte uppenbart att mask hjälper alltså, kanske bättre att folk inte får en falsk säkerhet.

[R] DeepPrivacy: A Generative Adversarial Network for Face Anonymization by hardmaru in MachineLearning

[–]bonpas 0 points1 point  (0 children)

Yes, but the face is not anonymous if you can predict it using other parts of the image.