Over the past eighteen months, we’ve witnessed a historical collapse in oil prices driven by a tremendous increase in supply and lackluster global demand. The implications of such a dramatic fall in oil prices are wide ranging. Here in the U.S., we’ve seen many small oil companies fall into bankruptcy, but it’s the largest oil producing countries that have been most impacted by the decline in oil revenue. Saudi Arabia ran a budget deficit of 16% of GDP in 2015 and has even considered publicly ... [Continue Reading]
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Following today's news of the UK's 'yes' vote to leave the EU, we recommend the following article from our partner, Dimensional Fund Advisors, for some additional context on the situation. Also please see today's post, An Update to CCM Clients: Market Conditions due to Brexit, by CCM Director of Investments & Research, Adam Hoffmann. *** UK’s EU Referendum Result On June 23, citizens of the United Kingdom voted to leave the European Union. While there has been much speculation leading ... [Continue Reading]