Market Talk – May 1, 2024
ASIA: The major Asian stock markets had a negative day today: NIKKEI 225 decreased 131.61 points or -0.34% to 38,274.05 Shanghai closed Hang Seng closed ASX 200 decreased [...]
Norway – The Largest Sovereign Wealth Fund in the World
QUESTION: Martin,
There are several news stories this past week reporting that Norway’s pension fund has reached $1 trillion dollars, or $190,000 per citizen. Are there some countries like Norway that will survive the coming pension crisis?
Thank You,
Alex
ANSWER: Not many. They are far and few between because Europe, Asia, and North America (USA/Canada) as a whole have only made promises rather than funding. Norway is the largest Sovereign Wealth Fund in the world. Norway has gotten where it is because they do NOT follow the brain-dead crowd of government debt is safe. Norway’s sovereign wealth fund has been one of the earliest to shift investment from public sector bonds to equities. They have risen to the largest fund in the world for recognizing the shift from public to private sector investments. Norway is the exception to the pension crisis.
Latest Posts
PRIVATE BLOG – The May 7th ECM Target
PRIVATE BLOG – The May 7th ECM Target Private blog posts are exclusively available to Socrates subscribers. To sign-up for Socrates or to learn more, please visit Ask-Socrates.com. https://ask-socrates.com/
The Traitor Waving Ukrainian Flags on the House Floor Should be Removed from Office
https://www.armstrongeconomics.com/wp-content/uploads/2024/04/Waving-Ukrainian-Flags.mp4 President Theodore Roosevelt made it perfectly clear Anyone who has any allegiance to a flag OTHER THAN American has no business being in public office and should [...]
The President Overtaking the Federal Reserve – BAD IDEA
I do not agree with Donald Trump’s view of the Federal Reserve. I speak on behalf of sound economic policies that benefit the people. I do not blindly support a [...]
