I have written four articles in the “Focus Norway Edition” and all the articles have discussed the Norwegian oil & gas exploration industry and the impact of lower energy prices on the Norwegian economy. This article will focus on the petroleum supply and services industry (catering to the upstream oil & gas industry), presenting some key facts about this important…
In times of heightened geo-political tensions, one of the biggest worries for Europe is its energy security with Russia being the key source of energy supply to European countries. This article discusses how Norway plays an important part in Europe’s energy security and if Norway’s role in energy security will increase in the coming years. To begin my discussion, I…
In the Focus Norway Edition for the oil and gas sector, I have already written two articles. The first article explained the Norwegian energy sector through infographic and the second article elaborated on the importance of the energy sector from an economic perspective. The third article on the Norwegian energy sector will focus on the regions resources growth and production…
In my first article on Focus Norway Edition, I had used two charts to explain the importance of the oil and gas sector for the Norwegian economy. This article digs further into available data to show the impact lower oil prices are having on the Norwegian economy. While I am not implying gloom and doom for the Norwegian economy if…
As uncertainty prevails in relation to oil & gas prices, I wanted to focus on few economies that are meaningfully dependent on the energy sector. This article presents infographic on the Norwegian oil and gas sector that speaks volumes about the country’s dependence on the energy sector. In the coming articles, I will discuss further on the oil and gas…
Thursday, 21 April 2016 00:00

The Futility Of Low Interest Rates

The chart below gives the consumer credit growth from 2003 to 2015 that has been compared with the fed fund rates during this period. This chart serves as a good example to prove that artificially low interest rates do little to spur consumer spending and growth in real economic activity.     When policymakers started increasing interest rates in 2004,…
    Guest Article From Frank Holmes, CEO Of U.S. Global Investors   Last week our office was visited by my friend, investor and author Gianni Kovacevic, who is at the halfway point of a cross-country book tour to promote the latest edition of “My Electrician Drives a Porsche?” As part of the tour, he’s driving a Tesla Model S…
China’s GDP growth has been sluggish and I am of the opinion that even if China grows at 5% for the next decade, the growth can be termed as good for an economy that is gradually transitioning from production and manufacturing to consumption. China’s sluggish growth has impacted commodity producers significantly and industrial commodities have largely remained depressed since China’s…
  After decades of isolation, the Southeast Asian nation of Myanmar is roaring ahead with the fasting growing economy in Asia in 2016, according to the Asian Development Bank’s Asian Development Outlook 2016.   Despite flooding that devastated one fifth of the country’s farm land, and moderating economic activity in the People’s Republic of China (PRC), Myanmar’s economy is expected…
On March 22, 2016, Eurostat released data on government expenditure in the European Union and there are several reasons for concern for Europe. The Telegraph article on the same rightly puts things into perspective – “Europe accounts for just 7pc of the world’s population, and 25pc of its GDP, and yet it also accounts for a massive 50pc of its…