In this post I present a closer look into the developments in the Norwegian Gross Domestic Product (GDP) and the Marginal Productivity of Debt (MPD) from households, non-Financials and municipalities. Further a brief update on developments in credit/debt growth (for households, non-Financials and municipalities) in Norway. Sovereign debt and debts in the financial sector areContinue reading “NORWAY’s PETROLEUM ECONOMY STRUGGLES WITH DECLINING DEBT PRODUCTIVITY”
Category Archives: fractional reserve banking
CENTRAL BANKS’ BALANCE SHEETS, INTEREST RATES AND THE OIL PRICE
In this post I present a more detailed look at developments in central banks’ balance sheets, interest rates and the oil price since mid 2006 and as of recently. Paper and digital money are human inventions. Most people truly believe it is money that powers the society and their lives because they have never hadContinue reading “CENTRAL BANKS’ BALANCE SHEETS, INTEREST RATES AND THE OIL PRICE”
Fractional Flow 