While oil and graft frequently go hand in hand, such is not the case in Norway, where on 6 January the country’s Government Pension Fund – Global, more commonly referred to as the Oljefondet, throughcareful investment has made every Norwegian a millionaire in the country’s currency, the kroner. Norway’s success with its Oljefondet stands in stark […]
The Reserve Bank of Australia delivered a 25 bp rate cut earlier today. While the ECB, BOE and BOJ meet later this week, expectations are low for additional action. Sweden’s Riksbank meets on October 25 and could be the next central bank to cut rates. The Riksbank cut the repo rate 25 bp in early […]
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 awaiting hyperbole Taibbi uses to hype his case.