Giggity Giggity... Forty Billion Gone?!
Alright Lois check this out! So I'm reading the news – you know trying to be all responsible and stuff like when I pretended to be a doctor that one time – and it turns out Norway yes Norway (remember when we went there and I tried to ride a moose? Bad times.) lost FORTY BILLION DOLLARS! That's like a million Quahog clams! Apparently their big ol' piggy bank which they call the Norges Bank Investment Management took a nosedive because of the tech sector. Tech Lois! It's always the tech!
Those Darn Tech Companies!
According to this fancy pants CEO guy Nicolai Tangen (sounds like a villain from a James Bond movie am I right?) their investments in tech went south. Like way south. Think of it like the time I tried to build a computer out of beer cans and duct tape. Didn't end well. They had money in all the big names: Meta Alphabet Amazon Nvidia Tesla and Microsoft. You know the companies that make the things I still can't figure out how to work!
Currency Shenanigans!
But wait there's more! It wasn't just the tech companies screwing things up. The Norwegian krone (what is that even?) got all strong against other currencies. Apparently that cost them another 879 billion kroner. It's like when I tried to trade my car for a lifetime supply of Pawtucket Patriot Ale and ended up with a rusty tricycle. Bad decisions man bad decisions.
A Glimmer of Hope? Maybe?
Now it's not all doom and gloom. They made a little bit of money on fixed incomes (whatever those are) and unlisted real estate. Real estate! That's where the real money's at! Maybe I should buy a house. Or you know another inflatable waterslide. Decisions decisions...
Trump and China? Blame Game Time!
Apparently this all happened because of Trump's tariffs and some AI company in China called DeepSeek. It's always someone else's fault right? Like when I blamed Brian for eating all the cookies even though it was totally me. Classic Peter!
Remember When They Made Money? Good Times!
Oh but get this! Earlier this year they made a record $222 billion profit! Thanks to the AI boom. So basically they made a ton of money and then lost a fraction of it. It's like winning the lottery and then blowing it all on chicken fights. Still fun but maybe not the smartest move.
Norway sovereign wealth fund tech sector losses investments currency real estate Peter Griffin Family Guy economy
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leoasor
Hey Lois, look! A news article!
adewise1
This article is dumber than Quagmire on a date.
laksdjdf
I blame the crane!
newtondak
Giggity!
Myrgeddin
Maybe they should invest in my ideas... like the Petercopter!
frankmiller1981
Sounds like someone needs a Pawtucket Patriot Ale.