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Denmark

Posted: Thu May 04, 2017 2:54 pm
by Dragline
Following @jacob's leadership, the entire country of Denmark pays off its foreign debt and declares itself "retired": :D

http://www.irishtimes.com/business/econ ... 9Y.twitter

Re: Denmark

Posted: Thu May 04, 2017 4:16 pm
by jacob
Denmark is one of the most fundamentally overvalued markets in the world. (Country is considered safe and the credit rating is one of the few remaining countries with an AAA/Aaa stable outlook.) Foreign money has been streaming in those increasing the value of the DKK relative to other currencies. The DKK is also pegged to the EUR in a narrow band, so all that foreign money had to go somewhere...