RECAP OF 2014 RETURNS
|December 31, 2013||December 31, 2014||% Return|
|Dow Jones Industrial Avg||16,576.66||17,823.07||7.52%|
- December 30th, the Obama administration granted permission to some companies to sell some oil products abroad ending a 40 year ban.
- Exelerate Energy has cancelled its 8 million tonne per annum LNG export project in Texas which was due to begin exports in 2018.
- There are 13 other U.S. LNG projects which have not signed up enough international buyers to reach a final decision.
- S. oil drillers idled 37 more rigs in the week ended December 26th, bringing the 3 week decline to 76, the most idled in 2 years leaving 1,499 rigs operating.
- ECB President, Mario Draghi said “the risk that we don’t fulfill our mandate of price stability is higher than it was 6 months ago”.
- Spanish December consumer prices fell 1.1%, the largest decline since July 2009.
- Greece will hold a general election on January 25, 2015 increasing doubt on its international bailout.
- Foreign Ministers from Russia, Ukraine, Germany and France had a phone call today and stressed the need for another meeting to resolve the crisis in Ukraine.
AMERICAN CANCER SOCIETY – ANNUAL STATISTICS
- An estimated 1.7 million Americans will be diagnosed with malignancies and 589,430 will die from them in 2015 (roughly 1,600 per day).
- Cancer is the leading cause of death in Americans age 40 to 79.
- 4 types of cancer account for 50% of all cancers in the US: prostate, breast, lung, and colorectal.
- Death rates from breast cancer are down by 1/3 from their peak while prostate and colon cancer deaths are down by 50%.
- S. renters paid $441 billion for apartments and houses this year, up $20.6 billion from 2013. The number of rental households grew 2% during 2014.
- Italy’s wine output likely dropped 14% in 2014 due to a rainy summer.
- Japan will cut the tax rate on corporate income by 3.29% over the next 2 years taking them to 31.71%.