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Here is a chart showing interest rates set by Sweden's central bank plotted against property price increases, from HSBC global economist James Pomeroy: <br><br>HSBC<br><br><br><br>You can't find a clearer warning that ultra-low, zero, or negative interest rates fuel bubbles in the property market. Rates go down, house prices go up. Low interest rates let consumers borrow mortgage money at ultra-low rates. That increases the amount of debt those consumers hold, but because the money is in the form of mortgage loans it drives demand for houses and pushes property prices upward.  <br><br>The fear is that if Sweden ever reverses course and increases interest rates — or if a recession hits — then all of that goes into reverse, with disastrous consequences for the Swedes. Imagine an entire country trying to pay down its debt and<br> sell its houses in order to raise cash, all at the same time. <br><br><br>HSBC's James Pomeroy<br>HSBC / video screengrab<br><br><br><br><br>The problem stems from the Riksbank's inflation target of 2%, which it has missed for at least three straight years: <br><br><br>Target inflation: 2%<br><br><br>Actual inflation: 0.1%<br><br><br>Central bank policy rate: -0.35%<br><br><br>Q3 2015 year-on-year GDP growth: 3.9% <br><br><br>Credit growth year-on-year: 7%<br><br><br>House price growth: 25%<br><br><br>If you believe — as economists do — that low interest rates fuel inflation, then one of those numbers is the odd man out: When the central bank is printing money at -0.35% rates, then actual inflation should be spiralling through the roof. Especially when you have got healthy GDP growth of nearly 4%. At Business Insider, our pet theory is that inflation is already<br>through the roof in Sweden<br>: in the form of house prices, growing at 25% a year. Pomeroy wrote in a recent note to investors:<br><br>Credit growth is running at around 7% yoy in one of the most highly indebted economies in the world. Simply, Sweden's economy does not warrant negative interest rates. <br><br>He added in an accompanying video:<br><br>All in all, we have no success in achieving monetary objectives, we've got a potential house price bubble, and the economy does not warrant interest rates this low. This presents a warning, not just to the Bank of Japan or to the ECB but to any other central bank around the world who may be considering such a policy. <br><br>Note: The chart actually understates house price rises in Sweden because it describes percentage growth, not actual growth If you liked this article so you would like to receive more info regarding bubble shooter pet i implore you to visit the web-site. .
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Lara O'Reilly/Business Insider <br><br>Jonah Peretti is the CEO and founder of BuzzFeed, a digital media company that reaches hundreds of millions of readers around the world with its fun quizzes and videos, as well as with hard-hitting news coverage. <br><br>Before starting BuzzFeed, Peretti launched The Huffington Post along with Ariana Huffington, Ken Lerer and the late conservative firebrand, Andrew Breitbart.  <br><br>Peretti recently spoke with Business Insider's US Editor-in-Chief, Alyson Shontell, for the podcast "Success! How I Did It." <br><br>In this episode, we cover: <br><br><br>Jonah's first experience with viral fame, after an email thread between him and Nike exploded.<br><br>How he first met Arianna Huffington, who invited him to her home and cooked him breakfast. <br><br>What Andrew Breitbart — another Huffington Post founder — was like, and what he might think of his namesake website today. <br><br>Buzzfeed's early days as an instant messaging bot. <br><br>The reason he resisted the urge to sell BuzzFeed after receiving a huge buyout offer from Disney.  <br><br>Why company executives who seem intregral might not be as essential as you think. <br><br>That famous lewd Ivanka Trump tweet, and why he published it. <br><br>Why Buzzfeed decided to publish the Trump-Russia dossier. Should you adored this information and also you would want to get details relating to bubble shooter pet i implore you to go to our own site.  <br><br>How to build a successful startup, and turn it into something massive.  <br>The following transcript has been edited for clarity and length.

Revision as of 01:51, 27 November 2017

Lara O'Reilly/Business Insider

Jonah Peretti is the CEO and founder of BuzzFeed, a digital media company that reaches hundreds of millions of readers around the world with its fun quizzes and videos, as well as with hard-hitting news coverage.

Before starting BuzzFeed, Peretti launched The Huffington Post along with Ariana Huffington, Ken Lerer and the late conservative firebrand, Andrew Breitbart. 

Peretti recently spoke with Business Insider's US Editor-in-Chief, Alyson Shontell, for the podcast "Success! How I Did It."

In this episode, we cover: 


Jonah's first experience with viral fame, after an email thread between him and Nike exploded.

How he first met Arianna Huffington, who invited him to her home and cooked him breakfast. 

What Andrew Breitbart — another Huffington Post founder — was like, and what he might think of his namesake website today.

Buzzfeed's early days as an instant messaging bot. 

The reason he resisted the urge to sell BuzzFeed after receiving a huge buyout offer from Disney. 

Why company executives who seem intregral might not be as essential as you think. 

That famous lewd Ivanka Trump tweet, and why he published it. 

Why Buzzfeed decided to publish the Trump-Russia dossier. Should you adored this information and also you would want to get details relating to bubble shooter pet i implore you to go to our own site.  

How to build a successful startup, and turn it into something massive.  
The following transcript has been edited for clarity and length.

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