For any central bank globally, labor market conditions along with inflation outlook is the key consideration for interest rate decisions. Further, good or bad labor market conditions have a huge impact on consumption driven growth, social unrest and pressure on government finances. After a big slump post the financial crisis of 2008-09, labor market conditions have improved globally (some more…
Thursday, 28 April 2016 10:42

How Will Markets React To GDP Numbers?

The advance GDP estimate is scheduled to be released today and this article discusses the various GDP growth rate scenarios and possible market reaction. The chart below gives the US GDP forecast for 1Q16 from the Federal Reserve Bank of Atlanta, The Federal Reserve Bank of New York and the Bloomberg consensus.     I would consider these as major…
  Guest Article From Frank Holmes, CEO Of U.S. Global Investors   I want to begin with a quote from a recent Cornerstone Macro report that succinctly summarizes the research firm’s view on growth prospects in emerging markets, China specifically. Emphasis is my own:   Our most out-of-consensus call this year is the belief that China, and by extension many…
In the recent past, I have written few articles under the “Focus Norway Edition” and the idea behind those articles was to analyze the Norwegian oil & gas industry and its impact on the economy. While it’s clear that the energy industry plays a crucial role in economic growth and prosperity, the chart of the day further underscores that view.…
  Guest Article From Frank Holmes, CEO Of U.S. Global Investors   Who says municipal bonds aren’t sexy? They were the top fixed-income asset class of 2015, compared to U.S. Treasuries and corporate bonds, and they even outperformed the S&P 500 Index. Still not convinced? Check out the following ways short-term munis can make you scream “Oh yes!”   1.…
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…