Wednesday, October 15, 2008

"norwegian kroner Devaluation 2008"

been getting more and more visits from people searching for information about the Norwegian Krone. I haven't even looked at the USD/NOK rate in weeks, but from the traffic flow to this blog, my guess is the Krone's not doing too hot. here's an interesting search that someone at a university in Norway just found me from:

norwegian kroner Devaluation 2008

what's going on over there?

in related news, the contango on the Brent Crude market is now over $10 for a one year period. remember how 'tight' the oil market was this summer?! both Brent and WTI have slipped even further over-night. market's weaker than even I would have thought.