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Good point, but I suggest if you think of this fund as basically the GDP of Norway than just another hedge fund, losing 0.6% in a quarter is slightly bigger dea
by ak_111 1y ago
Good point, but I suggest if you think of this fund as basically the GDP of Norway than just another hedge fund, losing 0.6% in a quarter is slightly bigger deal than you make it. Like a G7 country's GDP contracting 2% in a year.
- boxed 1y agoIsn't that what is happening with a lot of countries right now though?
- consp 1y agoThe only negative one is Mexico. GDP projections by the IMF [1] still are all in the green. The fastest droppers relative to size are China, Russia and the US but they still are net positive. (for now, next week who knows) [1] https://www.imf.org/en/Publications/WEO/Issues/2025/04/22/world-economic-outlook-april-2025 https://www.imf.org/en/Publications/WEO/Issues/2025/04/22/wo...
- loloquwowndueo 1y agoNote the Mexican government has expressed skepticism about the IMF’s projections : https://www.reuters.com/world/americas/mexicos-president-says-she-disagrees-with-imfs-negative-growth-forecast-2025-04-22/ https://www.reuters.com/world/americas/mexicos-president-say... And I for one tend to agree, I hardly think Mexico’s GDP will experience growth lower than Canada’s and Canada is projected to have some growth. Compare media and reports from both countries and you’ll see a lot more worry and impact in Canada than in Mexico.
- IanCal 1y agoBut it's nothing like GDP.
- nabla9 1y agoWell no. GDP is an output variable, Assets are resource variable. If you own a forest. GDP is how much you cut the forest. Forest growth is growth of the assets. Norwegian wealth fund has similar time horizon as someone growing forest, several decades. Fluctuation in 6 quarters barely registers at the end.