News are mainly reported history (at least those that you read about in the newspaper), as long as it is not sent in real time. It is history 1 second after the reporting stops. Any day trader knows this.
Yesterday on Norwegian Tv:
- The Govenor of the Central Bank held the yearly speech.
- He worried about this years wage settlement in Norway and said the following (I completely agree). "When wages are settled, the parts have a tendecy to look in the mirror and not into the
- Uncertain future". The interst rate is not decresing in Norway, like it is in the USA and EU area. That implies potential problems for our economy in the near future.
- This year, the employee side of the wage settlement equation has signalled an agressive real wage increase.
- The Central Bank will then respond with an increase in the interest rate.
- An increase in the interest rate has future implications for our housing market.
- Same procedure as last year from the Central Bank.
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