- Joined
- Jul 28, 2020
- Messages
- 8,013
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- 7,886
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- Political Leaning
- Socialist
This would be interesting. Norway is not a member of the EU, so measures targeting Norway would not directly affect the EU and vice versa. Only a small proportion of Norway’s exports go to the US, perhaps a few percent, while imports from the US are larger; thus, harm to US markets could primarily hurt American-linked businesses. The Norwegian Government Pension Fund Global (the oil fund) owns roughly 1.5% of global publicly listed equities. Damaging the fund would require severe global market dislocations. For example, an unprecedented stock market crash. Given current trends, such a crash might occur independently of actions specifically aimed at Norway. It will be interesting to see what he comes up with. But then again, maybe they give it to him? It’s like watching a soap opera (as if we aren’t already doing that…). Definitely a cliffhanger for next season.