Is The Norwegian Krone The New Gold?

Norway has a distinct advantage in terms of stability over most countries in the world. Rolfe Winkler at Reuters found a great chart and named the benefits of investing in Norway:

The most recent “Weekly Charts” report from Variant Perception (no link) included the following summary of budget balances as a percentage of GDP for the world’s leading economies. Norway is notable as you can see in the chart….

norway

 

It reminded me of an e-mail Nick Gogerty sent me earlier this year, arguing that an investment in Norwegian Krone was a good “oblique position” and could be a winner. By “oblique position” he means one that “benefits from a macro event, but is a derivative or indirect recipient of that event

Read the whole story at Reuters >>

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