Mr. Obama spent the past election year bragging that gas and oil production had risen on his watch, hoping to cadge some credit for the economic boom that has accompanied private-sector drilling advances.
There are other variables to watchfor too, mainly rising wages, commodity prices (oil and agriculture) and the possible of a QE-III in the U.S., not to mention more from the european currency printing press in the year ahead.
To see if these favorable trends for money market rates are gaining traction, keep an eye on Treasury yields and oil prices, but also watch employment developments.