• EconMatters
    04/27/2015 - 14:18
    If the DOJ and CFTC is going to be consistent, then they have to indict the entire financial community from the CME, Exchanges, Brokers, Institutions, Investment Banks, Hedge Funds, Management Funds...

Norway

Tyler Durden's picture

America Ranks Below Israel In World Happiness Index





USA USA USA #15? Despite aerial bombardment, growing tensions with every neighbor, and the almost ubiquitous daily car-bombs, Israelis are "happier" than Americans according to Bloomberg's world happiness index. Happiness, it appears, is most abundant a long way from the equator with Switzerland, Iceland, Denmark, Norway, and Canada all topping the list; whereas the unhappiest nations are all in Saharan or sub-Saharan Africa (apart from war-torn Syria and Afghanistan).

 
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Norway's Giant Sovereign Wealth Fund Goes Full Tinfoil Fringe Blog





You know the world has gone mad when one of the world's largest pension funds, mired in its need for the maintenance of the status quo, begins to sound like 'digital dickweeds in their parents' basements'. Norway's massive $890 billion wealth fund has stepped out of the shadows to slam global central bankers for affecting "pricing in today’s market to such an extent that monetary policy itself has been a risk you have to watch;" and market structure, criticizing the proliferation of dark pools, "there’s a rent extraction from all these intermediaries... we’re in favor of trying to reduce the number of block-crossing venues," Schanke said, "one would probably be perfect."

 
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Yes, Colombia!





Some economic facts that you did not know...

 
Tyler Durden's picture

Did Germany Secretly Fund Israel's Nuclear Weapons?





The conservative German daily Die Welt, well-known for its unflinching support for Israel, recently published an article stating “with near certainty” that the Federal Republic of Germany, or West Germany, helped finance Israel’s nuclear program in the 1960s. The Welt report comes after former Israeli President Shimon Peres (who was the head of Israel’s nuclear-weapons program at the time of its inception in the 1950s) denied that funding for Israel’s nukes came from Germany earlier this month.

 
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Key Global Events In The Coming Week





While today's macro calendar is empty with no central bank speakers or economic news (just the monthly budget (deficit) statement this afternoon), it’s a fairly busy calendar for us to look forward to this week as earnings season kicks up a gear in the US as mentioned while Greece headlines and the G20 finance ministers meeting on Thursday mark the non-data related highlights.

 
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NATO Conducts First Test Of "Russia Rapid Response Force"





"NATO completed the first military drills for its new rapid reaction force. From Tuesday through Thursday, more than 1,500 troops took part in exercise 'Noble Jump,' designed to test whether troops assigned to NATO’s new Spearhead Force, or Very High Joint Readiness Task Force, could be ready to deploy 48 hours after receiving an order-to-move." In other words: NATO could deploy troops to counter Russian "aggression" within 2 days.

 
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IMF Says Bernanke Is Wrong On Secular Stagnation





In a new study, the IMF asks whether there's a global slump in real private investment (spoiler alert: yes there is and it's broad-based and endemic in advanced economies) and also suggests that productivity growth across the globe is likely to remain constrained for the foreseeable future.

 
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China "Can't Believe Its Luck" On Investment Bank





The only one tilting at windmills now is Washington, which is stuck between persisting on the idea that this institution is somehow lacking when it comes to Western underwriting “standards” and executing a completely humiliating mea culpa which isn’t really an option given The White House’s steadfast refusal to support the Chinese venture.

 
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Mapping The World's Atomic Inventory





"Amid the wave of bellicose rhetoric that has swelled in Moscow since the start of the conflict in Ukraine, officials as high up as President Vladimir Putin have been making open nuclear threats, a public saber-rattling with weapons of mass destruction largely unseen even in the days of the Cold War."

 
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Wien's World: Another Billionaire Detached From Society





The American economic and financial landscape is vastly different than it was following World War II. The wealth gap between the rich and the poor has shifted sharply to the upper 10% of the population. For that group, the economic picture is considerably brighter than for those in the bottom 80%. For Byron, whose personal net worth is in the billions, this is truly a "Picasso economy," for the majority of everyone else it is more like a "starving artist sale."

 
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Short-Term Gains & Long-Term Disaster





It’s time for the Japanese to get seriously scared now. Like many other countries, Japan – and its political class – creates a false image of enduring prosperity by letting its central bank increasingly buy up ever more of its sovereign bonds. It’s a total sleight of hand, there is nothing left that’s real. There’s no there there. This is of course the same as what happens in Europe. And it’s precisely because central banks buy up all these bonds, that their yields scrape the gutter. It’s a blueprint for killing off the last bit of actual functionality in an economy.

 
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Caught Between A Housing Bubble And Falling Crude Prices, Norway Will Invest Oil Riches In Foreign Real Estate





Just as the central bank runs out of viable options, the country's sovereign wealth fund (which once famously loaded up on Greek bonds) is set to buy "a lot" of Asian property with the country's oil riches.

 
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