Feb 08 – Oil prices hit multi-year highs in 2018, but by year-end fell nearly 40 percent. Now a month into 2019 stock prices are rising and oil prices have somewhat recovered. In this edition of the Big Picture Jim and Chris discuss waivers for Iranian oil, increased production by OPEC and U.S. shale and slowing global economic growth. Is there a misperception about a major glut, is the market absorbing or is something else at play? Next, Financial Sense Wealth Management's CIO Chris Puplava talks with Jim in a new segment called Smart Macro, where he looks at troubles in the Italian debt market and at the U.S. corporate bond market. Then, Jim answers listener questions.