Femty kroner.....how much is THAT?
Then there’s The Gap in Rome...
That’s my apple juice!
https://www.youtube.com/watch?v=DZySt3i2qm4
No, wait...That’s another ten kroner.
The most conservative thing to do is leave cash in T-Bills. If you have a large treasury operation, you could diversify over a wide range of products like commercial paper and other short-term investments. As always, credit and diversification are absolutely key.
After that, one might consider spreading it (a large cash pile) over open-ended money market funds (after taking a very careful look at who is running and sponsoring such funds and what their investment criteria are).
Now we can see why the Biden administration HAD to make all SVB depositors “whole.”
This bank was a haven for government pension funds of OTHER NATIONS.
You can see how these nations have become “obedient slaves” to the foreign policies of the USA - especially the warmongering policies.
Our U.S. banking system is much more of a house of cards than most of us ever knew.
Our financial system is going to collapse.
Sorry, Norway. Park’s closed. Moose out front should have told ya.
Somewhere, in the world, bets are being made as to how soon the American economy will crash
I saw an article yesterday, maybe here. It said at the time of the collapse and before the ban was spending considerable tome organizing several woke (we are talking big) events like LGBTQ+-%/= etc.
Imagine, the idiots were spending their time on social events while the company was sinking.
How much are those investments valued this week?
norwegian losses are chump change compared to the size of their fund.