The chart of the week is courtesy MarketWatch and shows inflation levels over time. We have been in a dis-inflationary phase for over 20 years now and could soon enter a deflationary spiral as record levels of quantitative easing (QE) have failed to spark an upthrust in inflation:
U.S. Oil And Gas Production Are Ahead Of Last Year’s Record Pace
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Last year marked a record for U.S. oil production with daily production of
12.93 million barrels per day (BPD). This year, production is running ahead
of t...
4 minutes ago