| When last we checked in with Norway, the country’s sovereign wealth fund – the largest in the world- was busy going full tin foil hat fringe blog, blasting monetary policy’s iron grip on asset prices and bemoaning the presence of parasitic HFTs and increasingly fragmented markets which conspire to cost institutional investors and those they represent billions.
That was in April. Back in March, we highlighted the tough predicament the country faces in terms of combatting a housing bubble while simultaneously coping with plunging crude prices. We summed up the situation as follows: the country is truly backed into a corner, ease too much and the housing bubble becomes even more unsustainable, don’t ease enough and the oil-dependent economy gets it...............................................Full Article: Source
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