Dodge O. Dorland, Chairman and Chief Investment Officer of Landor & Fuest Capital Managers in New York, discusses Mexico ending its state monopolies on oil production and the implications for oil prices, North American economic growth and US foreign policy towards the Middle East. He also talks about US Q3 GDP numbers, the effect on the Fed's taper plans and whether he was surprised by the strength of the growth.

Lastly, Dorland talks about Japan's record budget for the next fiscal year, its debt levels and the Japanese government's own pledge to halve the primary balance deficit by fiscal 2015 and achieve a surplus by fiscal 2020.

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