Salient to Investors: David Stockman writes: The central banks have shot their wad after increasing their aggregate balance sheet from $3 trillion to $22 trillion over the last 15 years, which falsified financial prices. The coming deflation will bring a plunge in corporate profits and collapsing prices of vastly inflated risk asset classes. The
READ MORE... →Salient to Investors: David Stockman writes: Total non-farm labor hours are no higher than in Q4, 2007 and only 1% higher than in the spring of 2000, meaning we have added virtually no new employment to the US economy over 2 business cycles. Over the 29 quarters after the 1990 business
READ MORE... →Salient to Investors: Michael Pento at Pento Portfolio Strategies writes: In not allowing participants to sell stocks, China has fallen off the free market wagon. The same China that believes that economies grow by building empty cities. China’s actions are the antithesis of capitalism and free markets so it shocking to
READ MORE... →Salient to Investors: The annual CPI reported figure of 0.1% is a lie and has become a manipulated statistic using academic theories to systematically under-report the true level of inflation – between 4% and 10% – in order to cut annual cost of living adjustments to Social Security and other
READ MORE... →Salient to Investors: Share buybacks are now the preferred way to boost stock prices in the face of softening earnings. Quarterly spending on dividends has risen 80% and capital-expenditure budgets have risen 44% since early 2009, whereas spending on buybacks has risen nearly 5 times . In Q1 2015, SPX companies returned
READ MORE... →Salient to Investors: David Stockman writes: Obama’s Keynesian policies are deplorable. The Iranian nuclear deal could mark a decisive turning point in rolling back US destructive interventionism and imperial pretensions in the Middle East and the world. Iran is not hell-bent on obtaining nuclear weapons as shown by the 2007 National Intelligence
READ MORE... →Salient to Investors: Tyler Durden writes: The IMF has admitted Greece has an unsustainable debt problem. French PM Hollande’s sole focus in the Greek crisis was to preserve near-term stability and his job at any cost – he is guaranteed to lose the 2017 French elections. Once the current generation
READ MORE... →Salient to Investors: Gaurav Agnihotri writes: The short to medium-term outlook for oil is mostly bearish. The Iran nuclear agreement, Greece, high OPEC production, and China’s market turmoil make an oil price rebound highly unlikely in the near future. Low oil prices will most likely result in more job losses. The
READ MORE... →Salient to Investors: Robert Parry writes: Iran is not the chief instigator of instability in the Mideast, but Israel, Saudi Arabia and the US. Iran is contributing to the stability of the region and at a minimum helping to avert the worst outcomes. In Iraq and Syria, Iran is supporting internationally recognized
READ MORE... →Salient to Investors: Fareed Zakaria said: The Economist says Connecticut bankrolls the weaker states in America: 5% of their GDP over the last 20 years has been net income transfers to states like Mississippi and Alabama. Allen Cooperman says the nuclear deal will only take Iran from 2 months away
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