10.24.2023

I bet my husband will not be able to refrain from investing

Since 2015, Sweden's central bank AKA Riksbanken has built up a purchasing portfolio under the leadership of the previous central bank governor, Stefan Ingves.

Due to recent year's interest rate increases, this portfolio has lost so much value that the current central bank governor, Erik Thedeén, today visited the Swedish finance committee and explained that a capital injection of 0.675 billion dollars is needed to restore Riksbanken's own capital to the Riksbanken Act's basic level of 0.332 billion dollars.

We acquired a small amount of Realty Income Corporation Common Stock (O) yesterday and intended to buy more today. Riksbanken's meeting with the finance committee today contributed to the Swedish krona falling further against the US dollar.

Today's meeting has changed the conditions and we believe it is smartest to refrain from acquisitions for the time being and wait for the development of the Swedish krona. Which means in real life that he will make the acquisitions he intended to make today tomorrow instead...

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