Alright!!!!!!!!!!!!!!!!!

Hello Joe!

Well, as I mentioned previously, there is some wind's of protectionism on the air right now.

They are trying to create law that would limit responsibility to house loans owner only to amount of current marketprice, instead of original capital.

So, if fellow have housing loan originally 100k€ (those are mostly on €uros, because lower interest rate) there is now way that these fellows would survive oncoming devaluation, because they still receive their wages on local currency.

But now if this new law will pass, then they would need to pay only _current_ market price of their original loans.
Market prices has fall down 70%, so it seems to me that with this tiny little maneuver they can do devaluation without destroying one generation.
They simple reset their dept.

Everybody could get rid of their giant houseloans simply selling their house, and they would some profit with this, because everybody has already paid some amount from original loan during those high water mark years.

This is very good news for Baltic, and absolutely most horrible catastrophe to Swedish banks, they are behind that money.
All this expansion from Sweden to Baltic seems to be as successfully as Bay of Pigs Invasion.

My guess is that Swedbank will go down -> incorporated to another Swedish bank.
S.E.B. will do just fine, propably eat Swedbank.
Nordea did not expand to that direction.
Handelsbank neither.

Sorry I could not found any English article about this, but here is Google translation from original:

Thanks

It probably loses a little in the translation, but it is good enough to understand what they mean.

Cheers

October 10. It is way too early to be seeing this "white stuff" on the ground!
And they are saying more of this junk Sunday night Way too early...
Chalk up another year with out a real summer.

That would be good for fishing too!