Economy

Greenland's future
Greenland's price varies – from 110 to 25,700 billion

Donald Trump's comments about Greenland have received a lot of attention, but how much is the island nation worth? Dagens Industri asks, reviewing various estimates.

One estimate comes from the Republican think tank American Action Forum, which estimates Greenland's natural resources at 4,000 billion dollars, equivalent to approximately 37,000 billion kronor. When the organization takes into account the strategic location, the value lands at 2,800 billion dollars, or 25,700 billion kronor.

Another estimate comes from the FT's blog Alphaville, which calculates the value at 1,100 billion dollars, just over 10,000 billion kronor, for natural resources alone.

The lowest is David Barker, a property developer and former Fed economist. When the New York Times asked him to value Greenland, he landed in the range of 12.5 and 77 billion dollars, equivalent to up to 707 billion kronor.

The tariff crisis Trump's tariff policy
Over a thousand companies sue Trump over the tariffs

A group of American companies has sued Donald Trump's administration and on Friday the US Supreme Court may decide the future of the tariffs, writes Bloomberg.

According to court records, this involves over 1,000 companies. Among them are the grocery giant Costco and Synsam's major owner Essilorluxottica. After the turn of the year, the clothing company J.Crew filed a lawsuit.

- They're all jumping on the bandwagon, says John Vecchione, senior lawyer at the New Civil Liberties Alliance, to Bloomberg

In total, the administration has collected around 133 billion dollars, equivalent to around 1,222 billion kronor. Trump has previously said that if they are forced to pay back the money it would be a national security disaster.

The AI ​​race
Expert: AI is in a bubble – similar to the prisoner's dilemma

The AI ​​sector is currently showing strong bubble tendencies and more companies are currently trading at around ten times sales than at any time in history. This is what financial historian Edward Chancellor says at Skagen Fonder's New Year's conference, Direkt reports.

- We know the supply, but we don't know the demand, he says at the conference.

The financial historian calls the companies' valuations "extraordinary" and believes that many are in a "prisoner's dilemma" where they are forced to overinvest despite the risks. The share of investments as a percentage of operating results is at the same levels as in previous overinvestment periods such as in the telecom sector during the IT bubble, he says.