Saudi's ready to pump more oil after OPEC disagreements. Could get interesting if Saudi Arabia decides to burn the other OPEC nations and pump all out. They have done this before to let everyone know who's boss.
If you are looking for a good historical book regarding oil and politics I'd suggest
The Prize: The Epic Quest for Oil, Money & Power
Central banks are culpable for cycle of boom / bust -- I have been meaning to write a longish entry regarding how specifically emerging market central banks have contributed to the cycle of boom and bust but this will have to do until then
US structural problems remain -- We are not out of the woods. It is going to take a while.
One reason for high yield falloff ? -- The Fed is selling into an illiquid market it appears, driving down prices.
I know, cheery stuff! Here's some good news:
Industrial jobs coming back to America? -- China's inflation and a declining dollar may help induce an improvement in domestic production. This macro idea has been something I've been considering for a while.
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