Home » Posts tagged 'norway' (Page 4)
Tag Archives: norway
Sweden Warns Of Dire “Consequences” From Massive Housing Bubble, Heavily Indebted Households
Sweden Warns Of Dire “Consequences” From Massive Housing Bubble, Heavily Indebted Households Late last month, Sweden tripled down on QE, as the Riksbank announced it would expand its asset purchases by SEK65 billion. Or, visually: The recent history of Swedish monetary policy is viewed by some as a cautionary tale about what can happen when a […]
The European Union Is Disintegrating: Austria Builds New Fence; Germany, Sweden Resume Border Checks
The European Union Is Disintegrating: Austria Builds New Fence; Germany, Sweden Resume Border Checks It was just two days ago when we reported that Slovenia had begun to construct its own version of Viktor Orban’s now infamous razor wire, anti-migrant fences. As The New York times noted, more than 170,000 refugees from the war-torn Mid-East have crossed […]
Shrinking Norwegian Natural Gas Production Puts Europe In Dire Situation
Shrinking Norwegian Natural Gas Production Puts Europe In Dire Situation In this post I present actual Norwegian natural gas production, status on reserves, the development in discoveries and what this results for Norwegian Petroleum Directorate (NPD) and my expectations for the future delivery potential for Norwegian natural gas. Norway, after Russia, has been and is […]
Sweden Launches MOAR QE, As Krugman Paradise Quadruples Down After Dovish Draghi
Sweden Launches MOAR QE, As Krugman Paradise Quadruples Down After Dovish Draghi Over the last six months, we’ve documented Sweden’s descent into the Keynesian Twilight Zone in great detail. Once upon a time, the Riksbank actually tried to raise rates, only to be lambasted by a furious Paul Krugman who accused the central bank of […]
Because the ‘Time for Climate Action Is Now,’ Oslo Makes Landmark Move to Ban Cars
Because the ‘Time for Climate Action Is Now,’ Oslo Makes Landmark Move to Ban Cars ‘The reduction in pollution will make the city even better to live in, and ensure that we take our global responsibility’ Pedestrians walk down a street in Oslo. (Photo: Caleb Khor/flickr/cc) As part of a plan to rein in carbon emissions, […]
Another petro-state throws in the towel – the last nail in the petrodollar coffin
Another petro-state throws in the towel – the last nail in the petrodollar coffin Source: Norwegian Ministry of Finance, Bawerk.net According to the proposed budget submitted by the current ‘blue-blue’ government the Norwegian deficit will reach another record high in 2016. Mainland taxes are expected to bring in 1,008 billion NOKs, while expenditures are estimated […]
Global Easing Bonanza Continues As Norway, Taiwan Cut Rates To Spur Struggling Economies
Global Easing Bonanza Continues As Norway, Taiwan Cut Rates To Spur Struggling Economies On several occasions this year we’ve profiled Norway where the central bank, much like the Riksbank in neighboring Sweden, is walking a fine line between keeping rates low to support the economy (not to mention remain competitive in the global currency wars) […]
Does Arctic Drilling Have A Future With Sub $50 Oil?
Does Arctic Drilling Have A Future With Sub $50 Oil? Italian oil group ENI is expected to begin production from the Goliat Field off Norway in a few short weeks. The project, which has cost $5.6 billion, is expected to produce 34 million barrels of oil per year by the second year of production. Yet […]
This Is What Global Currency War Looks Like: A Complete History Of Recent FX Interventions
This Is What Global Currency War Looks Like: A Complete History Of Recent FX Interventions After the dramatic collapse in the SNB’s defense of the Swiss Franc peg to the Euro, there was a period of relative FX peace in which few if any central banks engaged in outright currency intervention (aside from the countless […]
No scientific evidence of GM food safety
No scientific evidence of GM food safety It is “premature” to declare GM safe due to “incomplete” scientific knowledge, finds report commissioned by Norwegian Environment Agency A new study commissioned by the Norwegian government, and conducted by a nationally recognised scientific authority on the safety of biotechnologies, concludes that available scientific data on GM crops […]
U.S. To Lead A Fractured Arctic Council For The Next Two Years
U.S. To Lead A Fractured Arctic Council For The Next Two Years The United States is set to take over the two-year chairmanship of the Arctic Council, and although there is a lot of uncertainty over how the U.S. will wield its influence, it will be taking the helm for a period of time that […]
Norway Regulator Fears Housing Bubble “Isn’t Sustainable”
Norway Regulator Fears Housing Bubble “Isn’t Sustainable” Amid the collapse in crude oil prices, the Norwegian central bank cut rates in December (after 1000 days on hold) and is likely to cut again as economic growth stalls. However, the country’s financial regulator iswarning falling interest rates risk pushing the Norwegian housing market beyond its breaking […]
Oil Industry Withdraws From High Cost Areas
Oil Industry Withdraws From High Cost Areas The oil industry is pulling back from some marginal areas of operation, slashing jobs and spending, and retrenching in the face of the ongoing slump in oil markets. Signs of a shrinking footprint are beginning to pop up across the globe. Norway’s Statoil has let three of its […]
Oil Losses Force Norway to Consider Measures to Back Economy
Oil Losses Force Norway to Consider Measures to Back Economy Norway is considering tapping reserve funds to shield westernEurope’s biggest oil producer from the worst slump in crude prices in more than half a decade. Prime Minister Erna Solberg said the government is now “on alert” to respond to the rout. “If the economic situation requires […]
Norway Central Bank, Slammed By Oil Plunge, Warns Of “Severe Downturn”, Unexpectedly Cuts Rates | Zero Hedge
Norway Central Bank, Slammed By Oil Plunge, Warns Of “Severe Downturn”, Unexpectedly Cuts Rates | Zero Hedge. The governor of Norway’s central bank says western Europe’s biggest oil producer is facing a major economic slowdown as crude prices continue to plunge. As Bloomberg reports, Oeystein Olsen said today in an interview after a press conference in Oslo, “our […]
