Sweden’s Betsson – An Island of Calm in Stormy Seas

With all the confusion in the Eurozone (Greece gets an extension, Greece doesn’t get an extension), Chinese crackdowns on Macau, war in Russia, and the extremely volatile monetary environment in the US, it’s time to take a look at a (relatively) quiet, nice, sane, stable region where there does not seem to be any potentially explosive development on the horizon: Sweden, with a closer look at Betsson AB. What a relief.

First a look at the monetary environment in Sweden. We’ll need several charts for this.

First, and perhaps most impressive, is that Sweden is one of only a tiny handful of countries whose debt to GDP has not gone up since 2008.

That alone tells you something about the stability of the place. Its economy is on an even growth trajectory, notwithstanding that GDP is not one of my favorite economic indicators.