Research: Slumping Oil Output Weighs on Norway’s Krone

Slumping Oil Output Weighs on Norway’s Krone By Erik Norland, Senior Economist, CME Group Highlights Norway’s oil production has shrunk by 50% from peak in 2000 Govt debt is low at 32% of GDP, oil reserve fund assets about 200% of GDP Flattening yield curve signaling slower growth, higher unemployment? Krone has underperformed pound, euro, … Read More

Research: Are negative rates a Fed option?

View in your browser Will negative rates in Europe, Japan influence Fed’s monetary policy? By Blu Putnam, Chief Economist and Erik Norland, Senior Economist, CME Group Not the Gift That Keeps on Giving Negative rates in Europe, Japan have not spurred growth as intended They also failed to boost inflation to levels targeted by central … Read More

Recalculating inflation and possible scenarios for equities, rates and gold

Recalculating inflation and possible scenarios for equities, rates and gold By Blu Putnam, Chief Economist, CME Group Are We Underestimating Real GDP Growth? Is labor productivity growth actually as slow as suggested by data? Tech advances making it more difficult to measure inflation rate Goods provide more value, services are delivered at lower costs If … Read More

Is Swedish krona ready to rebound as gold and silver retreat?

Is Swedish krona ready to rebound as gold and silver retreat? By Erik Norland, Senior Economist, CME Group When will Sweden’s sinking krona hit bottom? Swedish krona has tumbled against euro and US dollar Negative deposit rates have not improved Sweden’s economy Shrinking trade surplus could be a key factor behind krona’s decline Could a government … Read More

Will trade war slow third quarter earnings growth?

Will trade war slow third quarter earnings growth? By Blu Putnam, Chief Economist, CME Group Highlights Most companies likely to weather trade war impact on top-line revenues But disruptions to supply chains could raise costs, trim margins in 2020 Farmers might gain from a limited deal with China, but not most US companies Scrapping of … Read More