Norway Surprises and Ongoing Funding Woes
By cutting 50 bp in one swoop, the Norges Bank hopes to get ahead of the curve. This is part insurance against addition headwinds, but also responds to the recent data indicating an economic slowdown.
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Browsing Tag
Norway
After the FOMC, Norway and the UK
If the Fed does not do anything new, Bernanke and Co. risk disappointing the market and the fallout that may follow. QE3 at this juncture does not seem a likely and few observers disagree. After the FOMC meeting is out of the way, the…
Norges Bank Raises Rates
While many of our readers may not be particularly interested in Norway, two of our Casey Report investment picks are in the country - hence the quick update on the Norges Bank's (the Norwegian Central Bank) rate decision.
Norway’s Oil Fund: Realizing Full Potential in a Fiat Currency World
The financial climate has changed radically from when Norway’s Oil Fund was established in 1990. Norway has built up its savings since then by selling enormous quantities of oil and gas, and employing many thousands of workers. By…
EUR/NOK
The Norwegian Krone looks interesting with oil prices high and the Norwegian domestic economy doing well. Andy Lees of UBS writes: Whilst I like the Norwegian currency, benefitting from its oil and gas, its oil fund and the fact that…
Norway Buying European Peripheral Bonds
Norway's government pension funds is the second largest sovereign wealth funds in the world with around $450 bln under management. Abu Dhabi is thought to have the largest sovereign wealth fund. The finance minister indicated that it has…
BBH CurrencyView: US Dollar Softer, Market Takes a Pause
Highlights The US dollar is somewhat softer today as the market takes a pause to consider recent developments. News that Fitch reaffirmed its AAA rating for Spain, despite S&P’s move yesterday, and heightened speculation that…
The Swedish banking crisis response or the bailout hustle?
I referenced Matt Taibbi’s latest work at Rolling Stone “Wall Street’s Bailout Hustle” recently when talking about a movie on Ponzi schemes and fraud that aired on 60 Minutes. I liked the piece and recommend you read it – fully aware of the…
Will the U.S. allow China to buy more Gulf of Mexico oil assets?
This is a crucial question because Devon Energy, the Oklahoma-based independent oil and natural gas producer has just decided to put billion of dollars in Deep sea Gulf of Mexico assets on the market. Canada’s National Post reported:…
Norway makes three
The Norwegian central bank has hiked rates 25 basis points, making it the third central bank and first European central bank to do so since the global recovery process started. The Financial Times says: Norway’s central bank increased…