Friday’s strong job report has increased the odds that the Federal Reserve will finally raise interest rates on December 16th.  There has definitely been improvement in the labor market but I believe it would be tough to define the U.S. economy as strong.  The ISM manufacturing index has dropped to contraction levels and inflation is...Read More

On Friday, OPEC’s meeting ended with no reduction in their targets for oil production.  This was the expected result, as the unknowns as to how quickly Iran could increase production makes it difficult to project an actual target.  While most members of OPEC wanted a reduction in production, Saudi Arabia wouldn’t comply given the reluctance...Read More