Fareed Zakaria said: The great American housing market is back as the Case-Shiller housing index showed its largest annual increase in prices in seven years, showing its core character: flexibility and resilience. The US is the only rich country whose population is growing, increasing by 3 million people every year,
READ MORE... →Salient to Investors: Larry Milstein at R.W. Pressprich said the market will overreact to the economic data over the next couple of months. The median economist expects the 10-year yield to end the year at 2.20 percent. David Coard at Williams Capital said we are in a bear market for Treasuries, but
READ MORE... →Salient to Investors: Jason Stewart, an analyst at Compass Point Research & Trading Interest rates moving higher and Fed talk about tapering QE much earlier than the market thought have sent mortgage REITs lower. Michael Widner at Keefe, Bruyette & Woods said the bond markets have over-reacted to Fed comments,
READ MORE... →Salient to Investors: David Stockman said: The baby boom generation has unfairly benefited from bubble-finance, a 30-year explosion of debt which created temporary but unsustainable economic prosperity, and a financialization of the system through lower and lower interest rates that has massively rewarded speculation but not real investments. $60 trillion
READ MORE... →Salient to Investors: Matthew Kaufler at Federated Investors said the takeaway from today’s statistics is continued bias to keep QE – positive for financial assets as long as that perception exists. Patrick Spencer at Robert W. Baird said the jury is still out on sustainable growth, and Bernanke said he will only start
READ MORE... →Salient to Investors: FRB of Boston President Eric Rosengren said: Significant accommodation remains appropriate and warned that inflation could impair growth should it decline further. It may be undesirable to abruptly stop purchases: better a modest reduction in the pace of asset purchases when we see a gradual improvement in labor markets and the
READ MORE... →Salient to Investors: Pier Carlo Padoan at OECD said: Global economic growth will accelerate at multiple speeds in 2014 with both the US and Japan continuing to outpace the euro area. Rising unemployment is the most pressing challenge and euro countries with trade surpluses such as Germany need to allow wages to rise Reform fatigue is mounting
READ MORE... →Salient to Investors: Andrew Balls at Pimco said Spanish and Italian government bonds offer reasonable risk-reward but are not attractive and the firm is neutral-to-underweight on the securities. Read the full article at http://www.bloomberg.com/news/2013-05-29/pimco-s-balls-says-neutral-to-underweight-spain-italy-bonds.html Click here to receive free and immediate email alerts of the latest forecasts.
READ MORE... →Salient to Investors: Kevin Adams at Henderson Global Investors said his biggest worry is that central banks will lose their credibility, and that the Fed will lose the faith of investors. The International Monetary Fund lowered its forecasts for China’s growth to 7.75 percent in 2103 and 2014. Read the full article at http://www.bloomberg.com/news/2013-05-29/european-stock-index-futures-decline-after-two-day-rally.html Click here to
READ MORE... →Salient to Investors: Bonds around the world are headed for their steepest monthly loss in almost a decade on concern the Fed will trim its debt purchases. Tomohisa Fujiki at BNP Paribas said there is more selling left and we cannot rule out higher yields. A two-year Treasury auction yesterday drew the
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