Salient to Investors: A shift by household investors from bonds into equities is being muted as pension funds and insurers boost fixed-income assets to match future obligations. JPMorgan Chase and Milliman said US companies with the largest defined-benefit pensions raised allocations to fixed-income to 41.3 percent from 36 percent in
READ MORE... →Salient to Investors: Jim Rogers said tapering will not happen anytime soon – perhaps 2015 – because Bernanke wants to exit while he can and before it all falls apart, and Yellen will not do anything at first because she knows, or should know, it will cause problems when they
READ MORE... →Salient to Investors: Laurence D. Fink at BlackRock said: Stocks may decline as much as 15 percent because of political risks in China, Japan, France and the US. Stocks may return more than 7 percent in the long-term, assuming the global economy expands at 4 percent Investors already invested 100
READ MORE... →Salient to Investors: Jim Rogers said that for the first time in recorded history all major central banks are insanely printing a lot of money, trying to debase their currencies. The world is floating on a huge artificial sea of liquidity, and when it dries up, we will all pay
READ MORE... →Salient to Investors: Barclays and Credit Suisse are predicting lower commodity prices as supplies increase. Dan Heckman at US Bank Wealth Mgmt said the US economy is showing ample signs of growing, and so the Fed will start looking at tapering by early next year. Heckman is underweight on commodities
READ MORE... →Salient to Investors: Bill Mann at Motley Fool Asset Mgmt said the Fed has decided to reward risk behavior and that is what we will get, so the market will keep hitting new highs until the stimulus reverses itself. Jan Hatzius at Goldman Sachs said the Fed will considerably increase
READ MORE... →Salient to Investors: Continued stimulus on cooling global growth led by weakening in developing nations amid stagnant inflation and job growth in much of the industrial world risks inflating asset bubbles central bankers will have to face later. Talk of unsustainable home-price increases is spreading from Germany to New Zealand,
READ MORE... →Salient to Investors: Richard Fisher at FRB of Dallas said fiscal discord has undermined the case for tapering bond purchases, which tend to debase the dollar. Richard Franulovich at Westpac Banking said tapering is looking less and less likely, and sees an opportunity in the next few months for currencies
READ MORE... →Salient to Investors: Claire Chaves D’Oliveira at Groupama Asset Mgmt sees a risk of a mismatch between investor optimism and company earnings, and says companies have surprised today on the downside on very well-known macro situations, like an emerging-market slowdown, but analysts have not kept up. Dagong Global Credit Rating
READ MORE... →Salient to Investors: Disruptions to the economy prompted speculation the Fed would maintain the pace of its $85 billion in monthly bond purchases. BlackRock Inc. and Pacific Investment Management Co. say the Fed will postpone tapering as a result of the debt-ceiling debate. Russ Koesterich at BlackRock said the disruption
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