It is the 21st of November 2019

News

$1 Trillion Norway Wealth Fund Sees "Red Flag" In Real Estate Market

Back in September, we pointed out that assets managed by Norway's sovereign wealth fund had surged to over $1 trillion after they made the controversial decision to increase their exposure to global equity bubbles (see: Norway Wealth Fund Assets Surge To Over $1 Trillion On Massive 70% Allocation To Equities).  The move has worked out perfectly in the short term, though we still have our doubts as to whether the "greater fool" theory works over the long term...certainly it never has before but maybe this time is different.

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NSA Whistleblower Accuses Agency Of "Mass Electronic Surveillance"

While former Massachusetts Governor Mitt Romney was burnishing his credentials as a master of the corporate turnaround during the 2002 Winter Olympics in Salt Lake City, US intelligence agencies were testing out their capabilities for mass electronic surveillance according to a recent Associated Press report. Ex-NSA spy Thomas Drake has alleged as much in a statement filed in support of a lawsuit brought by former Salt Lake City Mayor Rocky Anderson. Anderson has said that the lawsuit is designed to get more information about what he calls covert, illegal operations.

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