Market News and Commentary December 14

The more OPEC cuts oil production the more US shale oil comes to market. Oil supply is the highest it’s been in a year. AND US oil export are soaring. Tax break bonanza for billionaires will wipe out capital intensive companies asĀ  interest rates are going higher and they lose interest deduction… stupid. State pensions are underfunded to the tune of 6 trillion dollars… If you’re relying on a state pension get your shopping cart ready.

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