Norway

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What Does The Future Hold For Negative Rates In Europe? Goldman Answers





While the market might have been disappointed by the ECB’s “underdelivery in December, it came as a relief for the Riksbank, the SNB, the Norges Bank, and the Nationalbank who are effectively forced to cut each time the ECB eases or risk seeing upward pressure on their respective currencies. That dynamic has led to a veritable race to the Keynesian bottom with Norway as the last man standing in terms of conducting monetary policy with rates above zero. As we enter the new year, a number of questions remain regarding Europe's headlong plunge into NIRP-dom.

 
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Now Comes The Great Unwind - How Evaporating Commodity Wealth Will Slam The Casino





The unfolding correction of the visible excesses of the credit inflation - such as overinvestment and malinvestment - will destroy incomes and profits; the Great Unwind of the less visible effects, such as the sovereign wealth fund liquidations, are a giant pin aimed squarely at the monumental worldwide bubbles in stock, bonds and real estate.

 
Tyler Durden's picture

Darkness Falls Upon Norway’s Key Figures Going Into 2016





As we move into winter, darkness has fallen up on us. Oil, ca. 65% of the nation’s economy, will not see the required $70 barrel anytime soon. American innovation, once again, turns a scarce resource into an abundant commodity. Despite optimistic Norwegian media articles, the potential for $20 per barrel looms. Production overwhelms demand while inventories rise to record highs. Although, still considered the best place to live, the cracks, in the oil based economy, are forming.

 
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Red Or Green For The Year: Decision Time For US Markets On Last Trading Day Of 2015





It has come down to this: a year in which the US stock market (led by a handful of shares even as the vast majority of stocks has dropped) has gone nowhere, but took the longest and most volatile path to get there, is about to close either red or green for 2015 based on what happens in today's low-volume session following yesterday's unexpected last half hour of trading "air pocket" which brought the S&P back to unchanged for the year.

 
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Guest Post: Is The West Disintegrating?





The movement toward deeper European integration appears to have halted, and gone into reverse, as the EU seems to be unraveling along ideological, national, tribal and historic lines. If these trends continue, and they seem to have accelerated in 2015, the idea of a United States of Europe dies, and with it the EU. And this raises a question about the most successful economic and political union in history - the USA.

 
Tyler Durden's picture

Safe On The Sidelines - 405 Days And Counting





The S&P 500 closed at 2052 on November 18,2014. That was 405 days ago, and despite the rips and dips in the interim the broad market average has gone nowhere.

 
Tyler Durden's picture

Christmas 2015: Will Syria & Iraq Become Washington's Stalingrad?





"I hope I'm wrong but I fear Washington is trying to provoke a war in the Middle East to cover the coming collapse of the Petrodollar system and the American economy when the dollar is no longer the world reserve currency. The war is necessary to blame the coming dollar and debt collapse on Russia and China rather where it belongs on Wall Street, the central banking cartel and Washington political establishment. Remember while a Washington provoked war or conflict is likely to start in the Shia Crescent; it could spread across the Middle East and into Europe."

 
Tyler Durden's picture

Something Crazy Is Going On In Swedish Money Markets





It appears Swedish banks are falling over themselves to get rid of excess cash. We noted Swedish banks refusing to open bank accounts in September, and warned in October of a "giant wave of money" heading into Sweden thanks to the Riksbank-ECB policy divergence, and now, Swedish banks are paying each other to take cash off their balance sheets into year-end, as 1-week STIBOR crashes to -1.792%.

 
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Huge Fukushima Cover-Up Exposed, Government Scientists In Meltdown





Fukushima radiation just off the North American coast is higher now than it has ever been, and government scientists and mainstream press are scrambling to cover-up and downplay the ever-increasing deadly threat that looms for millions of Americans.

 
Tyler Durden's picture

2015 Year In Review - Scenic Vistas From Mount Stupid





“To the intelligent man or woman, life appears infinitely mysterious, but the stupid have an answer for everything.” ~Edward Abbey

 
Tyler Durden's picture

There's No Upside Left





The upside is ephemeral, illusory or wishful thinking; the downside is real and lasting.

 
Tyler Durden's picture

Sweden Is In Shambles, Police Warn "Evil People Know What To Do When They Come Here"





"The truth is that persons with evil intent know exactly what to do when they come here. That information spreads like wildfire. These new border controls are there for the sole purpose of reassuring the public. They have absolutely no effect on the influx of migrants."

 
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FT Bombshell: EU Unveils Standing Border Force That Will Act "Even If A Government Objects"





"The move would arguably represent the biggest transfer of sovereignty since the creation of the single currency."

 
hedgeless_horseman's picture

A tale of two home invasions





We all need to work together to create an environment that is hostile to bad guys.  We don't need more gun-free zones like San Bernadino...

 
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Draghi's Currency War Ceasefire Faces Test As Sweden, Switzerland, Norway Take Aim





“I don’t think we’ve seen the last of this trend. When I trained as an economist, negative rates weren’t in the textbooks. But that’s the world we live in now, and it hasn’t stopped turning."

 
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