Sweden Needs to ‘Borrow Like Crazy’ to Ease the Economic Pain

Sweden needs to toss its budget surplus regime out the window and “borrow like crazy” to ease the pain of an economic slowdown and to prevent political upheaval.

That’s the view of one of Sweden’s most influential fund managers, Simon Blecher, a former newspaper columnist who now manages equities and bonds at Carnegie Fonder with about 70 billion kronor ($7.6 billion) under management.