OPEC reduced crude production in November to the lowest level in more than two years as output dropped below the organization’s 30 million barrel-a-day ceiling for a third month.
The stock market could use a healthy correction soon, before prices start rising at an unsustainable pace.
I imagine many readers see a lot of commentary relevant to gold and economics, and come up against Say's Law. Its importance might not be immediately obvious.
Wall Street faces intrusive new government oversight of trading after U.S. regulators issued what they billed as a stricter Volcker rule today, imposing restrictions designed to prevent blowups while leaving many of the details to be worked out later.