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Absolut Trades.

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Abba, Ikea, herring - love 'em or hate 'em, you can't argue with the growth story unfolding right now in Sweden.

The Nordic nation -- home of one of the highest tax rates on the planet - is moving at lightning speed to liberalize its economy.

In just half a year, Sweden's youthful prime minister has scrapped the much-hated wealth tax and launched the biggest wave of privatization in the country's history.



Among the state-owned businesses up for sale: Absolut vodka, the world's third-biggest premium liquor brand.

The campaign is already paying off.

iShares MSCI Sweden Index (EWD) is up nearly 30% in the past six months, buoyed by strong native companies like AB Volvo (VOLV),Telefonaktiebolaget LM Ericsson (ERIC), as well as fashionable clothing giant H&M (HMB),Nordea (NDA), and Sandvik (SAND).

Jeff from Connecticut sent us an e-mail asking about Volvo (VOLV) as an investment?

Guy Adami says forget about this company, the stock has already doubled.

Turning attention to the whole nation, Tim Strazzini says he likes Sweden as an energy play and for privatization.

Eric Bolling doesn’t like Sweden because the krona isn’t doing well against the dollar. However, who doesn't enjoy Lingoberries or Swedish fish… as snacks.

Questions? Comments? fastmoney@cnbc.com

Trader disclosure:
On APR 27, 2007, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders; Strazzini Owns (NWS-A), (CBS) Bolling Owns (NMX), (SZE), (VE), (XOM),Gold, Silver, (TSO 120 puts -- May), Bolling is short Nasdaq Futures, and is short S&P Futures