Swedish central bank (Riksbanken) is no longer insolvent.
Tomorrow it will receive a 25bn SEK (~$2.5bn, 2% of balance sheet) capital injection to cover the accounting madness that was the "-18.100bn reserve" entry on the bank's balance sheet. Oops.
(Finance) clown world becoming more and more clowny.
Now, excessive money printing is a __direct__ fiscal drag on Sweden's treasury.
Be aware; be mindful; get the hell out.
#finpol #macro #finance #centralbanks #clownworld #bitcoin
https://www.riksbank.se/sv/press-och-publicerat/nyheter-och-pressmeddelanden/nyheter/2024/kapitaltillskottet-pa-25-miljarder-kronor-utbetalas-till-riksbanken/
Joakim Book /
npub1y0…5jxa0
2024-09-24 10:51:43
Author Public Key
npub1y0gaju64gxtw2utz9dud9ju9nlg7k4u7yq5exkxrcw85myplzdlsf5jxa0Published at
2024-09-24 10:51:43Event JSON
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"content": "Swedish central bank (Riksbanken) is no longer insolvent. \n\nTomorrow it will receive a 25bn SEK (~$2.5bn, 2% of balance sheet) capital injection to cover the accounting madness that was the \"-18.100bn reserve\" entry on the bank's balance sheet. Oops. \n\n(Finance) clown world becoming more and more clowny. \nNow, excessive money printing is a __direct__ fiscal drag on Sweden's treasury. \n\nBe aware; be mindful; get the hell out. \n\n#finpol #macro #finance #centralbanks #clownworld #bitcoin \n\n\n\nhttps://www.riksbank.se/sv/press-och-publicerat/nyheter-och-pressmeddelanden/nyheter/2024/kapitaltillskottet-pa-25-miljarder-kronor-utbetalas-till-riksbanken/",
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