Tag Archives: United Kingdom

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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Robert Mueller`s highly anticipated congressional testimony will start on Wednesday and it will be a freak show

The storm has arrived. Robert Mueller`s highly anticipated congressional testimony will start on Wednesday. Robert Mueller will testify on Capitol Hill on Russia investigation findings. The Russia was a hoax but the MSM have told you the opposite. So, let`s watch the hearings closely.

All this is coming only a week after Jeffrey Epstein is in the spotlight for sex trafficking. Another ugly case that will expose dirty secrets about the elite. Epstein have a lot of big names on the table, so this is going to be a storm.

Sometimes you need a bullie to be a president and Trump is at the White House at the right time. Sex trafficking is a huge problem in the U.S. It is also a multi billion dollar business. Even worse is that the elite establishment is involved.

They try to link Trump to Epstein, but Trump is not in the flight log to Epstein`s Little St. James «Lolita» Island. Epstein assaulted the 14-year-old daughter of an employee, and Trump kicked Epstein out of his Mara Lago golf club and banned him for life. Trump also said a few days ago that he is not a fan of Epstein.

Epstein is a co-founder of the Clinton foundation and Trump said that Clinton can get some trouble in this case. A few days ago, Clinton said in a statement that he knows nothing about the pedophilia charges about Epstein.

The Mueller hearing is also coming only a few days after the British ambassador Kim Dorrock has resigned after his leaked e-mail about president Trump. Sir Kim Darroch is reported to have said in private that the Trump administration is «dysfunctional,» and that Trump is «insecure,»

A group of people in the Deep State tried to stop Trump from being the next president in the U.S. Mr Steele is one of them and he hated Trump and was paid for his lies. He is a former MI6 agent.

MI 6 is the Secret intelligence Service (SIS), commonly known as MI6 which is the foreign intelligence service of the government of the United Kingdom. The name MI6 means Military intelligence , Section 6.

Robert Mueller is born in New York. He is an American lawyer and government official who served as the sixt Director of the Federal Bureau of Investigation (FBI) from 2001 to 2013. In 2001 after the 9/11 attack, he told the world that Iraq had weapons of mass destruction. That was a big lie.

Rep. Peter King said that severe, serious abuses by FBI and CIA in Russia probe is going to come out. That`s all this is about: Abuse of power.

William Barr slams Mueller hearing as «public spectacle» for the Dems and former congressman Trey Gowdy said the upcoming Mueller testimony and DOJ investigation into FISA abuse will be a freak show. The show starts on Wednesday.

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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No-deal Brexit means less Italien Prosecco for the Britons

No deal is not only bad for the United Kingdom but also for the European Union as well. No deal will make them both suffer economically. Populist-Italy is already into a recession and a no deal will not make it any better.

A no deal means less Italian Prosecco for the U.K. Britons bought a record 164 million bottles of champagne and sparkling wine last year, but the effects of Brexit has hit Prosecco long time ago. For the first time in over a decade, exports of Prosecco to the U.K are slowing.

Prosecco is made from Glera grapes grown in the area surrounding the village of Prosecco near Trieste in north-east Italy. In 2015, Prosecco overtook champagne as Britain`s favorite sparkling wine, but it seems like the popularity has peaked for a while.

According to UHY Hacker Young, the Prosecco sales increased by only 5% compared with the previous year which is the smallest annual sales growth since 2011. A 5% decrease in sales isn`t bad, but it is bad compared to several yars of double-digit growth, and this can only be the beginning if we se a no deal between the U.K and the E.U.

Britons consumed 112,7 million bottles of DOC Prosecco in 2016 and exports to the U.K, U.S and Germany accounted for 75% of the sales.

If Boris Johnson want a bottle of Prosecco on Valentines day, he have a great chance to buy it at a normal price, but it can be one of the last chances because a no-deal Brexit will stifle trade and limit choice.

A deal win-win deal will help them both. Italy will sell more bottles of Prosecco and Britons will continue to enjoy a wide range of quality sparkling wines on Christmas eve later on this year. A deal without tariffs.

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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Trump had a gala dinner at Blenheim Palace, the ancestral home of former Prime Minister Winston Churchill

President Donald Trump is on a four-day visit in Great Britain, and he had a gala dinner on Thursday with British and American officials at Blenheim Palace, the ancestral home of former Prime Minister Winston Churchill. Mr Trump is a big fan of Churchill.

Earlier this year he showed the film called “Darkest hour” in the Oval office, which is a war drama film. It stars Gary Oldman as Winston Churchill, and is an account of his early days as Prime Minister, as Nazi Germany`s Wehrmacht swept across Western Europe, threatening to defeat the United Kingdom during World War II.

The German advance leads to friction at the highest level of government between those who would make a peace treaty with Adolf Hitler, and Churchill, who refused. Britain lost the Empire, and the West lost the world. Now, we have Brexit and a populist tsunami. What now Europe?

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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California`s strong economic performance relative to other industrialized economies is driven by worker productivity

Califorias economy is bigger than the United Kingdom. If California were a country, it would be the fifth largest economy in the world. Wow! That is pretty impressive. California is home to four of the worlds ten richest people.

Its also home to four of the worlds ten largest companies by market cap. California has nearly 40 million residents and is the most populous state in the United States. Its GDP rose by $127 billion from 2016 to 2017, and their GDP surpassed $2,7 billion, according to federal data.

The United Kingdom has 65 million residents. Thats 25 million more than California, but interestingly it has a smaller GDP. The UKs capital and largest city is London, a global city and financial centre with an urban are the population of 10,3 million.

Californias economic juggernaut is concentrated in coastal metropolises around San Francisco, San Jose, Los Angeles and San Diego. It has 12 percent of the U.S population but contributed 16 percent of the countrys job growth between 2012 and 2017.

California`s strong economic performance relative to other industrialized economies is driven by worker productivity.

All economic sectors in California is growing, except agriculture, and financial services and real estate are the best sectors. Second is the information sector, which includes many technology companies.

California is known for being rich in gold and pearls, and the gold rush starting in 1848 led to dramatic social and demographic changes, with large-scale emigration from the east and abroad with an accompanying economic boom.

That`s 170 years ago.

Now, you can clearly see another boom; a tech boom. California has a thriving technology sector in Silicon Valley. The worlds smartest tech brains are there. So are the biggest tech companies. But the worlds entertainment capital can also be found in Hollywood, California.

All this makes California a global trendsetter in popular culture, innovation and politics. It is the origin of the film industry, the hippie counterculture, the internet and the personal computer, among others.

The San Francisco Bay Area and the Greater Los Angeles Area are widely seen as the centers of the global technology and entertainment industries. Many of the richest people live in San Francisco and the nation`s highest GDP per capita in 2016 was $94,000.

We have a revolution going on. So was it 150 years ago. The industrial revolution started in England. It was the name given to the first factory automation initially in the manufacture of Textiles. At that time, many current US state capitals did not exist.

At that time, London was the biggest city in the world, and England was the biggest trading nation. England produced more steel than the rest of the world put together, and steam engine driven trains were rapidly taking over long distance travel.

150 years ago saw a prolific range of inventions around electricity, culminating in the inventions of the electric light bulb and the electric motor.

Inventors in this field at this time were; Frenchmen Volta (1800 the Volt) and then Ampere (the Amp) followed by Oersted, Faraday and Maxwell. These inventors in Europe were followed by the American Edison probably the most prolific inventor of all time (1847 – 1931).

Edison produced the electric light bulb, the first public supply of electricity, the gramophone, the movies and the thermionic valve-later the triode.

English physicist Sir Joseph Wilson Swan also independently invented the electric light bulb (1860). He also invented Bromide paper (1876) still used today for photographic prints.

150 years ago telephone technology was invented. Initially the transmission of coded text messages over copper wire between England and France by Morse Code and then in the US Alexander Graham Bell invented the telephone to carry voice over the same wires in 1875.

Englishman Charles Darwin publishes his theory of «Origin of Species by means of natural selection» (Now of course supported by genetics. Then dangerous and revolutionary thinking flying in the face of the accepted «Creation» in the Bible.

Now, California and Silicon Valley is the place to be. A place with economic growth which is higher than the United Kingdom. This is an evolution.

 

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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