Salient to Investors: Adam Bowe at Pimco said: Australian bonds are attractive after their worst run of losses since 1994 because the central bank will need to lower interest rates as mining investment drops. Pimco prefers to hold Aussie government bonds and high-quality spread assets like swap in the belief that interest
READ MORE... →Salient to Investors: Brian Jones at Societe Generale said hiring;s remarkable stability will continue and economic growth will accelerate in half2 – everybody expects Fed tapering in September. UniCredit and Deutsche Bank Securities say payroll gains averaging 202,000 a month in half1 typically link with GDP growth close to 3 percent,
READ MORE... →Salient to Investors: The Weitz Value and Weitz Partners Value funds each have cash stakes close to 30 percent. The Yacktman Focused fund has 19 percent in cash. The Westwood Income Opportunity fund has 16 percent in cash, The IVA Worldwide Fund has 28 percent in cash, the GoodHaven fund has 33 percent in cash. Morninstar
READ MORE... →Salient to Investors: The IMF said the Fed exit from QE could cause excessive interest-rate volatility which would have adverse global implications. The IMF maintained its US growth forecast for 2013 at 1.7 percent, saying housing and labor markets are improving, and its 2014 growth forecast of 2.7 percent, but said that fiscal deficit
READ MORE... →Salient to Investors: Jim Rogers said: Agriculture will enjoy an extended boom,Very bullish about farmland and other agricultural products. Bearish on Wall Street brokers and Ivy League professors. The central corridor from north Texas up to the Dakotas has the highest growth rates in employment, income growth and savings in
READ MORE... →Salient to Investors: 50% of economists expect tapering in September to $65 billion, versus 44% in last month’s poll, 15% in October, and 28% in December. 50% expect the Fed to end QE in Q2 2014, 24% by Q3 2014. 51% said monetary policy is too easy, 10 percent said it is too tight.
READ MORE... →Salient to Investors: A strengthening economy that cause more Americans to seek work would paradoxically make it harder to lower the unemployment rate to the Fed’s target level. The BLS estimates there are 2.6 million interested in working who remained outside of the labor force because of discouragement, illness, or school. Joel Prakken at Macroeconomic
READ MORE... →Salient to Investors: Caroline Baum writes: The Fed’s forecast for improved half2 growth is just that – we’ve been waiting years for stronger growth. Many of the more hawkish Fed presidents have been uncomfortable with QE from the start, and are supported by little data on which to evaluate the
READ MORE... →Salient to Investors: Nomura said: The Reserve Bank of India’s surprise policy reversal and the first government debt-sale failures in 10 months risk plans to cut the budget deficit. Vivek Rajpal at Nomura said India is expanding at the slowest pace in a decade and tightening by the RBI will cool growth and strain public finances
READ MORE... →Salient to Investors: Bill Gross at Pimco said the Fed won’t tighten monetary policy until 2016 at the earliest, and added to mortgage securities in June. Mohamed El-Erian at Pimco said 10-yr Treasury yields may drop to 2.2 percent in 2013. Read the full article at http://www.bloomberg.com/news/2013-07-21/pimco-s-gross-says-fed-will-tighten-policy-in-2016-at-earliest.html Click here to receive free and immediate email
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