Salient to Investors: The plunge in global commodity supports further easing by the Fed. RBC Global Asset Management expects inflation will decelerate a little from here, but not massively. OECD reports inflation among its 34 member countries slowed to 2.5 percent in April from 3.3 percent in September. Predictions: Economists surveyed by Bloomberg
READ MORE... →Predictions: Pimco’s Neel Kashkari said the Fed will start QE3 due to worsening unemployment, lower equity prices and risk of shocks from Europe. Europe take years to solve as Greece exits from the euro region, though not necessarily after the country’s elections. BlackRock’s Robert Doll said the Fed will need to see significantly
READ MORE... →Salient to Investors: Moody’s John Lonski says G-7 bond rates indicate the markets don’t expect economic growth to exceed 3 percent. Blackrock’s Jeffrey Rosenberg says the greed that produces bubbles is absent. Pimco’s Bill Gross says global bond markets are turning ‘Japanese’. UBS’ George Magnus says we are replicating the Japanese experience. Bianco Research’s James
READ MORE... →Salient to Investors: Global monetary-policy makers are trying to stem the steepest global slowdown since the recession ended in 2009. Predictions: David Hensley of JPMorgan Chase expects global growth of 1.7 percent this quarter and 2 percent next, as weak as anything in the past two decades outside the Great Recession. Expects the Fed to keep benchmark rate at
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