Balance Sheet Reduction By Paper Cut

The weekly Market Update is posted at Alpha Baskets and includes the following;

The Government Pension Fund of Norway, the country’s sovereign wealth fund, recently surpassed $1 trillion in AUM. The fund was established in the 1990’s as an investment pool for revenue accrued from oil. The fund owns an average of 1.3% of every publicly traded company on the planet. The country’s GDP is only $370 billion. If they paid out every citizen, all 5.2 million of them, everyone would get $192,000. While WTI just took back the $50 level for the first time in a while, fracking has created a strong argument for lower prices making Norway’s decision to create and fund the SWF very shrewd.

Please click through to read the entire update.

Bandelier National Monument

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Pojoaque, NM Fire and Rescue, heavily filtered

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Piece of petrified wood in Petrified Forest National Park

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