Norway, which chose to remain outside the European Union and the euro currency, enjoys an enviably stable economy and a booming housing market — but it could be going down the perilous route taken by Spain and Ireland, according to economists and recent analysis.
That is the first paragraph of a recent article on CNBC…
Back in March, I wrote the following article, which was the result of months of research:
http://profitimes.com/wp-content/uploads/2012/04/Norwegian-Housing-Bubble2.pdf
Now it seems that more and more analysts tend to agree with my opinion, for example, an advisor to Norway’s central bank (Norges Bank) Marius Jurgilas and San Francisco Fed’s senior economist Kevin Lansing, who wrote the following article:
http://www.frbsf.org/publications/economics/letter/2012/el2012-19.html
Folks, clouds are gathering around Norway, and when all hell breaks loose, it ain’t gonna be pretty…
I am hoping for the best, but expecting the worst…
