/biz/ - Business & Finance

>>25426369
yes, especially if you have kids that you want to leave a large inheritance to

>>21304943
>every swede is levered up to the ears with studio apartments in Stockholm going for almost 10x the average salary
just typical Svensson stupidity, your life is defined by the way you decorate your bostadsrätt... what else could we expect from the most shallow people on earth?
>lots of unsecured debt as bankruptcy for individuals does not exist here and the Government has the capacity to force, without involvement of the courts, companies to garnish wages and seize assets - loans are mostly secured by the Government's guns here
swede's are tax-cattle for their government (which they love, btw) and will do whatever they're told to, they hate freedom and they're afraid of standing out - of course you can't go bankrupt people could stare and what would God (the government) say?
>quality of life is still stellar and we have a pretty strong domestic industry in both manufacturing and services (extremely high-tech)
quality of life is great if you want to live in a 20 square meter 1 bedroom apartment for $500 000 + $500 monthly rent with 2500% debt to income ratio and spend your days going between your little shoe box and work while paying 85% in taxes, all of which goes to Africa and the Middle East and getting grenades thrown through your tiny window
also the industry is not high tech and the service industry is 99% bankrupt zombie-banks
>>Riksbank (our central bank) have been pioneering with negative interest rates and massive QE since 2013. they recently raised rates to 0% but have printed a shitton of money in stimulus in response to the coronavirus crisis and have started buying corporate bonds en-masse
yes, Sweden is a pioneer in retardation
>low central government debt which has been on a steady decline for the past couple years despite a socialist government
Swedens total debt, government + regional + municipal + private is worse than US government + regional + municipal + private debt