Norway`s trade surplus plunged NOK 24 billion in August

Norway`s trade surplus plunged NOK 23,8 billion in August this year. All the way down from NOK 30,5 billion to NOK 6,7 billion in the same month the prior year. This is happening in a country that is famous for being «the last Soviet state.» A country were the Communist party is growing in popularity like never before.

But is doesn`t matter, because most of the income is coming from oil and gas. In addition; they have $1 trillion in assets called The Government Pension Fund Global, also known as the Oil Fund. The fund was established in 1990 to invest the surplus revenues of the Norwegian petroleum sector.

The fund have stocks in 9158 different companies in 73 different countries. Most of the capital is invested in stocks and some of it in fixed income securities. A small part of the investments is invested in the real estate market.

The goal is to contribute to the walfare state.

Therefore, the fund and the country is dependend on sustainable growth, markets that works well and inovation.

Oil prices jumped more than 20 percent on Monday and that`s good news for Norway. The higher the price of oil, the more they earn. 62 percent of Norway`s export comes from Mineral fuels, oils and distillation products.

We all know that these category is on the way out. So, the “new oil” is fish that stands for 9,5 percent of the exports. In other words; this model is fragile.

The biggest trading partner is the United Kingdom with 22 percent export. Second is Germany with 16 percent. Third; Netherlands at 11 percent, France and Sweden with 6,7 percent. Down on the export list we will fine the U.S at 4,7 percent and China with 2,1 percent.

Two of the biggest trading partners are in trouble. United Kingdom with Brexit and Germany near recession. In addition; we have the trade tension between the U.S and China. As you can see; a higher oil price came at the right point for the fund as 62 percent of the exports comes from oil.

Brent climbed as much as 20 percent on Monday and that is the biggest percentage move since 1990 Kuwait invasion. It jumped up to $71 per barrel in the seconds after the open, before pulling back about half of the initial surge. That was equivalent to $12 increase, and that is the largest gain in dollar terms since 1988. All this is good news for Norway that is dependend on oil.

But the Nobel Peace Prize Country need to wake up, because this won`t last forever. Higher oil prices is good but that is not enough. The Petro dollar can also be a game changer in addition to all the electric vehicles that is flooding the market. Every single EV sold will decrease the demand for oil every single day.

Nor is fish enough. Oil is good especially if you are in a cartel business. You don`t have much competition either because oil is very limited in other countries. 70 percent on this planet is water and there are lots of fish in it. Other countries can start to compete in the fish industry whenever they want. Fish is not as unique as oil. Competitors can pop up and take market shares and push the prices down. Like Russia.

Russian aquaculture is planning a new RUB 1,5 billion smolt plant and that will reduce the dependence of Norwegian fry imports. Russian Aquaculture produces around 18,000 tonnes of salmon and trout on the Kola peninsula, the for northwest of Russia. Among the owners of the company are Maksim Vorobyov, the brother of the governor of Moscow.

Russia will triple the production in 11 years. The deputy head of Russia`s Fedral Agency for Fisheries Vasily Solokov has told Tass that the Russian government is drawing up plans to make salmon production account for 37 percent of all aquaculture by 2030.

Some Russian producers are hoping to increase production to cover one third of the country`s entire salmon and trout consumption. A peninsula in northern Russia which is close to key military bases and nuclear submarines is being used to grow the country`s salmon farming regime.

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Shiny bull. The author has made every effort to ensure accuracy of information provided; however, neither Shiny bull nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in precious metal products, commodities, securities or other financial instruments. Shiny bull and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

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The ECB lowered the interest rate to -0,5% and Trump wants to do the same

What a day. A very important day for Europe and the rest of the world. The ECB left its main refinancing operations rate unchanged and lowered the deposit interest rate by 10bps to -0,5 percent. Not only that; policymakers also approved a new round of bond purchases at a monthly pace of €20 billion as from November 1st.

They do this because we have Brexit and trade war with China and the plan is to boost growth. At the same time, the ECB lowered its GDP forecasts to 1,1 percent this year. Inflation expectations were also slashed to 1,2 percent in 2019.

President Trump attacked the FED, calling Fed Chair Jerome Powell and other members «boneheads» for not driving the U.S interest rates down to zero, or less. Trump explained that he wanted negatie rates in order to refinance the outstanding $22 trillion in government debt and lengthen the term.

Right now, there is a $16 trillion in negative yielding debt around the globe. What a number! Historically, negative rates have been used as an anti-recession tool to boost growth when the economy is weak.

But negative interest rate have now become much more common. Just take a look at the value of the negative-yielding debt over the world. It has shot up to $16 trillion, according to BofA.

If you have your money in your bank, it means you have to pay your bank to lend them your money. Crazy right? Normally, you will get paid from the bank if you have your money there, but with negaive interest rate, it is turned up side down.

Similarly, with government-issued debt, global investors also pay money to hold a bond with negative yields because the premium that they initially paid for it exceeds the total interest they receive over the life of the bond.

Switzerland have negative interest rate at -0,75 percent. Denmark; -0,65 percent. Sweden; -0,25 percent and Japan; -0,10 percent.

Other countries in Europe are near negative interest rate. All these countries have zero interest rate; Spain, Slovakia, Slovenia, Portugal, Netherlands, Malta, Luxemburg, Latvia, Italy, Ireland, Greece, Germany, France, Finland, Euro Area, Estonia, Cyprus, Bulgaria, Belgium and Austria.

In comparison; the U.K have 0,75 percent interest rate and the U.S have 2,25 percent. The U.S lowered the rate for the first time in July for the first time since the financial crisis, as inflation remains subdued amid hightened concerns about the economic outlook and ongoing trade tensions with China.

The U.S economy is good, but the global economy is slowing, notably in Germany and China. There are also growing possibility of a hard Brexit, rising tension in Hong Kong, and dissolution of the Italian government. Fed Chair Jerome Powell have a great challenge.

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Shiny bull. The author has made every effort to ensure accuracy of information provided; however, neither Shiny bull nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in precious metal products, commodities, securities or other financial instruments. Shiny bull and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

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Porsche Taycan Turbo S accelerates from zero to 100 km/h in 2,8 seconds and has a range of up to 450 kilometres

Porsche is out with a new car. Not an ordinary car but an EV. Porsche presented its first fully-electric sports car to the world a week ago. We all know Elon Musk`s Tesla success but Porsche is the real big electical pioneer where the electric powertrain is embedded deep in the Porsche DNA.

Ferdinand Porsche, later the founder of the company of the same name, was fascinated by electicity even as a teenager. As early as 1893, the 18-year-old installed an elctric lighting system in his parents house. Over 100 years later, Porsche is out with the brand new Porsche Taycan.

«The Taycan links our heritage to the future. It comes forward the success story of our brand – a brand that has fascinated an thrilled people the world over for more than 70 years,» said Oliver Blume, Chairman of the Executive Board of Porsche AG.

Porsche has announced the name of its first full-electric sports car during the official celebration of the anniversary «70 years Porsche sports car» – Taycan. The name translates as «living young horse», referring the center of the Porsche crest.

«Our new electric sports car is athletic and performance-oriented; a car that is capable of longer distances, and represents freedom», explains Oliver Blume. Here comes the first electric sports car with the soul of a Porsche, he said.

The first models in the new series are the Taycan Turbo S and Taycan Turbo. They are at the cutting edge of Porsche E-Performance and are among the most powerful production models that the sports car manufacturer currently has in its product range.

The Taycan Turbo S accelerates from zero to 100 km/h in 2,8 seconds and has a range of up to 450 kilometres. The top speed is 260 km/h. The Taycan is also the first production vehicle with a system voltage of 800 volts instead of usual 400 volts for electric cars.

This is a particular advantage for Taycan drivers on the road; in just over five minutes, the battery can be recharged using direct current (DC) from the high-power chargin network for a range of up to 100 kilometres.

By 2020, Porsche will have invested more than 6 Billion euros in elctromobility. In other words; there are more to come.

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Shiny bull. The author has made every effort to ensure accuracy of information provided; however, neither Shiny bull nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in precious metal products, commodities, securities or other financial instruments. Shiny bull and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

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Hong Kong protesters call on president Trump to help «liberate» the city

Politicians around the world have something to learn from president Trump; Listen to the people. You are there for the people. Otherwise, you will face some problems. Just take a look at Carry Lam in Hong Kong.

She is not chosen by the people in Hong Kong but by the Godless one-party rule Communists in Mainland China. The Communists in Bejing are dictating Carry Lam and tell her what to say, but that is not what her own people in Hong Kong want.

This is unbelievable. Two million people are joining the Hong Kong protesters, but the government isn`t listening to the people. And this has been going on for a very long time now. So, what is the next step? The Hong Kong protesters want international support and that`s why they went to the U.S consulate to ask president Trump for help.

President Trump last month suggested China should «humanely» settle the issues in Hong Kong before a trade deal could be agreed but had earlier called the protesters «riots» that were a matter for China to deal with.

The activists claim that only countries like U.S can change the current situation in Hong Kong. Activists want the U.S to pass the Hong Kong Human Rights and Democracy Act. They call on president Trump to help «liberate» the city.

Thousands of protesters marched to the U.S consulate, waving American flags and singing the Star Spangled Banner. A huge banner that read «Do you trust the Communist Party? Are you crazy? Was hung from the overpass, and protesters repeatedly chanted slogans like «USA», and «Fight for freedom», stand with Hong Kong.»

Another banner was held by two Hong Kong protester; President Trump, please liberate Hong Kong. Defend our Constitution!

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Shiny bull. The author has made every effort to ensure accuracy of information provided; however, neither Shiny bull nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in precious metal products, commodities, securities or other financial instruments. Shiny bull and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

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Overstock CEO Patrick Byrne resigns after disclosing romance with Russian agent

Former Overstock CEO Patrick Byrne revealed the Deep State Coup a few days ago on Fox News. Mr Byrne said he had released the statement because he realized that someone would uncover his involvement in the federal investigation if he did not reveal it himself.

He decided to come forward after a conversation with his «Omaha rabbi», a reference, he said, to Mr Warren Buffet who are a good friend of him. In the statement, he referred to what he described as a romantic relationship with Ms Maria Butina, who is serving an 18-month prison term after being accused by federal prosecutors of trying to infiltrate powerful political circles at the direction of the Russian government.

Mr. Byrne said he helped the F.B.I with the «Clinton Investigation» and «Russia Investigation.» Those, he said, «turned out to be less about law enforcement and more about political espionage conducted against Hillary Clinton and Donald Trump.»

He describe the people who runs the country for the «Men in Black». (and he is not talking about the film). The Men in Black is at the top of the F.B.I og they offered Mr. Byrne 1 Billion dollars to not speak up about all this mess. He refused.

Instead, he is selling his own retail company Overstock and maybe Target will buy it?

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Shiny bull. The author has made every effort to ensure accuracy of information provided; however, neither Shiny bull nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in precious metal products, commodities, securities or other financial instruments. Shiny bull and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

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