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Fast Money

Trading Sweden's Booming Economy

All this week we are taking our webcams around the world, visiting places that we otherwise couldn't easily reach. On Tuesday we check in with Sweden

When most people think of Europe's growing economies - they tend to think of London and Paris. But just a bit north, there's an even better party. Not only is Sweden the home to ABBA, Ace of Base and Volvo Trucks, this Scandinavian nation is growing at it's fastest pace since 1970.

Face 2 Face: Sweden

Government reforms and lower taxes have pushed unemployment to historically low levels, and consumer spending is rising as the country rides a wave of strong exports.

But that growth has put pressure on inflation, and the country's central bank recently raised rates to stop the Swedes from partying quite so hard.

Can the party continue? We turn on the web-cams to find out.

MBA Student Gustaf Rossner joins the guys from Stockholm.

Why is there so much momentum in Sweden?

You just have to walk down the streets to see the building and the visitors. There are big companies here, says Gustaf

The criticisms are Sweden is over regulated, over taxed and under employed. How do you deal with that?

Sweden has the lowest unemployment it’s seen in a long time, replies Gustaf. And tax rules are getting better with the new government. The government is also working on easing regulation.

Jeff Macke tells the panel he likes hearing that taxes are coming down.

Constance Hunter says she thinks a great way to play Sweden is the iShares MSCI Sweden Index (EWD) because it contains a lot of H&M.

Fast Money World

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Trader disclosure: On Aug 21 2007, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money; Macke Owns (INTC), (ATVI), (EMC); Najarian Owns S&P Puts; Constance Hunter Is The Founder And Owner Of Coronat Capital Management, Coronat Capital Management Owns (INFY),(H&M), (USO); Coronat Capital Management Owns Yen; Coronat Capital Management Owns VIX Options; Coronat Capital Management Is Short (FXI); Coronat Capital Management Is Short (EWH) But Owns Local-Listed Hong Kong Shares