Salient to Investors: Over the last two decades, US recoveries have been slow and jobless, In every recession from 1948-1990, jobs came back to pre-recession levels an average six months after the economy returned to its pre-recession level. In the 1990s, jobs came back 15 months later, and since 2001, 39 months later. McKinsey
READ MORE... →Salient to Investors: Mike Wittner said we’re seeing a massive return of risk appetite as the market was impressed by what the Europeans accomplished and there’s a feeling that the worst may be over. Sarah Emerson at Energy Security Analysis said the euro move will give oil a lot of support. Predictions: Rich
READ MORE... →Predictions: Michael Hewson at CMC Markets UK says oil prices reflect the market’s expectation of no growth in Europe for the next few years, and may fall as low as $76 a barrel (Brent) in the next six months, despite Iran causing a rally in the short term – the overall outlook is down, based on the lack
READ MORE... →Salient to Investors: Kenneth Heebner said the U.S. is poised to outperform most countries – lower growth in Asia and Europe will lower oil and commodity prices, a de facto tax cut for U.S. consumers. Heebner sees forces driving the U.S. in a positive direction – the real estate bust has created pent-up demand for housing
READ MORE... →Salient to Investors: The U.S., Europe and allies are willing to suffer higher fuel costs in order to curb Iran’s nuclear program. Oil is set to recover from its worst quarter since 2008 as a EU ban on Iranian oil takes effect, central banks act to protect growth, and on speculation OPEC
READ MORE... →Salient to Investors: Peter Orszag at Citigroup said well under 0.1 percent of cars and trucks in the U.S. run on natural gas versus seventy-five percent in Armenia. More natural-gas cars and trucks could reduce greenhouse-gas emissions and other pollutants. There are fewer than 2,000 natural-gas filling stations in the
READ MORE... →Salient to Investors: George Soros warned that a failure by EU leaders to produce drastic measures could spell the demise of the Euro and that policy makers should create a European Fiscal Authority to purchase sovereign debt in return for Italy and Spain implementing achievable budget cuts Soros said Angela Merkel
READ MORE... →Salient to Investors: The MSCI World Energy Index is down 9.6 percent in 2012, more than any other group, and is up 45 percent since the market bottom in 2009, less than any other industry with earnings tied to economic growth. U.S. energy stocks are at the cheapest levels relative to the
READ MORE... →Salient to Investors: Brent’s 14-day relative strength index at 17.4 today – readings of 30 or less suggest prices have tumbled too quickly. The August Brent contract traded at a 33-cent discount to September, the fifth consecutive day that the front-month contract has been cheaper than the second month, which typically
READ MORE... →Predictions: Ken Hasegawa at Newedge Group expects WTI will trade between $75 and $82 until the end of the month; until September, we have volatility from the Atlantic hurricane season. Fourteen of 27 analysts polled by Bloomberg expect oil to decline through June 29. Read the full article at http://www.bloomberg.com/news/print/2012-06-22/treasuries-remain-higher-on-stocks-as-gross-warns-of-risk-assets.html
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