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AUTHOR
Mick Weinstein
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As the year draws to a close, oil analysts are starting to crank out their forecasts for 2013. And several prominent ones see lower oil crude oil prices in North America, which is good news for the economic outlook.
Stocks posted solid gains in an action-packed week of market-moving economic data, geopolitical news, and bullish new year sentiment. By Monday’s close, the Dow Industrials had gained enough to make the “Santa Claus Rally” a reality.
Maybe the market would benefit just as much if it were not to get the quantitative easing round that so many investors want.
The widely read historian and newsletter author doesn’t buy Bernanke’s case for an extended zero-interest rate policy.