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Doesn't matter to a currency crisis. That's all soft currency debt.

What does matter to the risk of a currency crisis is that Denmark is gonna go back into structural hard currency outflow pretty soon, because the North Sea oil is scheduled to peak in '12.

And then we're fucked.

- Jake

Friends come and go. Enemies accumulate.

by JakeS (JangoSierra 'at' gmail 'dot' com) on Tue May 31st, 2011 at 03:00:02 PM EST
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