Tuesday, February 23, 2010

Mainstream journalists – Always late

Lately the reporting about the Swedish housing bubble has picked up speed. Suddenly all the news outlets are saying this and that and quoting ‘experts’ who argue that it may burst soon.

IF these idiot reporters had actually worked for a living, they would have “revealed” this news a year ago when anyone not occupied with scratching their belly would have known about this bubble. Since then the central bank and government lending institute have done everything they can to destroy the Swedish economy which include propping up the housing market with rising prices when the prices actually should have gone down.

I’ve seen several bloggers lately saying that the Nordic countries stand on a more solid ground when the worldwide depression soon hits us. Although this may be true, that does not mean we will be okay or manage. One of the main reasons for this is the mentioned bubble.

We will not be okay, we will crash and burn with the rest of them, so to all of you out there; please find that grassy knoll overlooking any number of central bank people walking by…

1 comment:

  1. Bubbles thrive because of the deniers.
    But now it seems we're at the stage where everybody suddenly wakes up (including MSM). But only a 20% decline in Swedish housing prices as BKN predicted yesterday is way too optimistic.