In addition to the 1.2 million barrels per day (bpd) OPEC cut announced in November, non-OPEC countries led by Russia in December pledged to cut an additional 568,000 bpd.  Russia leads the eleven countries with 300,000 bpd in cuts with Mexico at 100,000 bpd, Oman at 45,000 and Malaysia and…

Regardless of one’s political alignment, deficit spending looks to be on the horizon (though Trump still has to get a debt ceiling increase through Congress by March 2017 as the limit was suspended until then by the 2015 budget negotiations).  With the Federal Reserve all-but-certain to raise rates at their…

Finally the US Presidential election is over and we can move on to more important things like the economy and foreign relations – of course both of those are highly politicized too.  US Q3 GDP came in at +2.9%, beating expectations on surprisingly high soybean exports (who knew that silken…

Summer is over and the leaves are turning.  The US’ Federal Reserve branch in Atlanta continued to lower US growth expectations from +3.5% annualized to only +2.2% annualized.  The IMF also chimed in with a lower GDP growth revision though for all of 2016 at +1.6%, down from their July…