Salient to Investors: David Stockman writes: Germany has set fire to the Eurozone in order to save it. Lending another $96 billion to a bankrupt country makes no sense, while the fiscal targets set for Greece are ridiculous. Greece has a de facto public debt of $400 billion vs. $200 billion of GDP. Within days the
READ MORE... →Salient to Investors: Strategists expect the euro to decline to $1.18 by the end of 2015. Over 90% of respondents surveyed in December predict the ECB will expand the supply of euros by purchasing sovereign bonds in 2015, versus 57% in November. 44 of 59 analysts expect the euro to fall against the dollar – the
READ MORE... →Salient to Investors: Robin Brooks at Goldman Sachs said: The dollar’s rise is small in historical and economic terms as many traders wait/hope for a pull-back which won’t come. Euro-dollar levels are not remotely pricing in the kind of balance sheet expansion that Draghi talked about in September, so future ECB press conferences
READ MORE... →Salient to Investors: Bill O’Neill at UBS Wealth Mgmt said the story is still the combination of easy money policies and expectations of growth into 2014 and that growth is on the horizon. The Investment Companies Institute reports individual investors gave $30 billion to managers in 2013, the first net
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: Axel Merk at Merk Investments said it is a very real concern of countries to keep their currencies weak, and Draghi has persistently been trying to talk down the euro since earlier this year. Neil Mellor at Bank of New York Mellon sees a new era of currency wars, and sees a change in
READ MORE... →Salient to Investors: Jim Rogers writes: I own Swiss Francs but not Euros which has many problems. Read the full article at http://blogjimrogers.blogspot.com/search?updated-max=2013-09-23T05:00:00-05:00&max-results=7 Click here to receive free and immediate email alerts of the latest forecasts.
READ MORE... →Salient to Investors: The 90-day correlation between changes in the euro and a Citigroup index of bond and swaps risk has turned positive for the first time since November 2008, indicating the euro is gaining favor as investors’ perceptions of turmoil in financial markets rises. Hedge funds et al are
READ MORE... →Salient to Investors: MacNeil Curry at Bank of America said any close for the Dollar Index above its pivot point of 82.41 would be a good sign that we have a base in place and a larger bull trend can resume. Curry said the diamond-top pattern in the euro says that its
READ MORE... →Salient to Investors: Vincent Reinhart at Morgan Stanley said investors are the little white lab rabbits in the central bank experiments. Gilles Moec at Deutsche Bank said the potential for the dialog between the central banks and the market to fail is significant. Nathan Sheets et al at Citigroup said the UK
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