December 2014 – Economic Review
December closed 2014 with a resurgent U.S. economy and flagging growth in much of the world.
The precipitous fall in oil prices can be attributed to recent events and long-term trends. Recently, quieting tensions in Israel and Palestine, Russia’s weakened ability to threaten energy exports to Europe, OPEC’s unwillingness to cut production and the culmination of the Fed’s bond buying program weighed on oil prices.
In this issue:
- World Oil Supply and Demand
- Commodity Prices
- World Currencies Weaken
- Market Returns