The Phaserl


Scandinavian Sorrows

by Pater Tenebrarum,

Stigende renter? Hvad er det? Hjælp!

If we’re not completely mistaken, then the above is Danish for: “Rising interest rates? What’s that? Help!”  The recent bond market swoon has been a global phenomenon, and it has afforded highly indebted consumers in Scandinavian countries a brief glimpse of what could be a melancholic future in a place called  ‘debt slave hell’.

Bloomberg informs us of a beginning ‘rate pain’ attack in Denmark:

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