It’s jobs Friday and the unemployment rate is ready to go into the 4’s. It’s perhaps only due to those college educated, degree waving waiters and bartenders. This week’s show is entitled the bottom line and after Obama’s votes in the Senate for the Iran treaty and China’s loan to Venezuela the world will be awash in crude for a long time. Also a lot of volatility picked up as velocity slow down.
Also, it has been a long time since interest rates have gone up 110 months to be exact. Will that end this month?