Salient to Investors: A. Gary Shilling at A. Gary Shilling & Co. says 5 of the 7 varieties of deflation are present in the US economy. Commodity price deflation will continue as oversupply continues to swamp demand amid weak global growth and a hard landing in China, which remains export-driven. The slow global
READ MORE... →Salient to Investors: Jim O’Neill at Goldman Sachs says: China equities are very cheap and are the best place to be in 2013. Don’t expect draconian tightening in China as inflation last year was way below their target and the government has been careful not to stimulate economy too much and are doing a good
READ MORE... →Salient to Investors: Sireen Harajli at Credit Agricole says the Fed will continue with QE and maybe start tapering off toward the end of 2013, while dollar weakness is just risk-on. Kengo Suzuki at Mizuho Securities said the Fed will continue monetary easing even as economic indicators improve, and that will weigh on the dollar.
READ MORE... →Salient to Investors: Stephen Jones at Kames Capital bought US Treasuries without a currency hedge, saying the pound will decline further against the dollar, and the prospect of the pound rallying is remote. Kames expects the Fed to keep its monetary stimulus. Read the full article at http://www.bloomberg.com/news/2013-03-13/pound-extending-drop-leads-kames-to-buy-treasuries-without-hedge.html Free email alerts of articles as soon as
READ MORE... →Salient to Investors: Bill Gross at Pimco said: Holdings of Treasuries to 28 percent of assets in February, after a six-month high of 30 percent in January, and cut mortgage holdings to 36 percent, the lowest level since August 2011, and cut non-US developed nations’ debt to 11 percent. Corporate credit and high-yield
READ MORE... →Salient to Investors: Omer Esiner at Commonwealth Foreign Exchange says a growing list of economic indicators suggest a broad-based recovery, and the market is focusing on the US recovery gaining steam, while other major economies remain in stagnation and contraction. Richard Franulovich at Westpac Banking said risk appetite is firming and we are in a potentially momentous
READ MORE... →Salient to Investors: Neil Jones at Mizuho Corporate Bank said people are looking to buy the dollar against the most vulnerable currencies, currently the pound and yen. Jones cited much uncertainty about the U.K. economic outlook. Scott Thiel at BlackRock said it sold the Pound after the Bank of England left
READ MORE... →Salient to Investors: The dollar advanced to the highest level in 3 1/2 years versus the yen on speculation an improving labor market will compel the Fed to slow stimulus even as Japan pledges to extend easing. Sean Callow at Westpac Banking said the greater the momentum in the US economy, the sooner the Fed will taper off
READ MORE... →Salient to Investors: Jim Rogers says: The US economy is poised for a major crash. Do not trust any of the positive news coming from any world government. Everybody is printing money but it is artificial, has never been good for anybody and cannot continue. We are in a fool’s paradise
READ MORE... →Salient to Investors: Jim Rogers says: Central bank printing unlimited amounts of money is spreading even to Japan and Germany and Europe and has never been good for anyone. Printing money is artificial and ends eventually. Germany will have a lot of good news ahead so that Merkel can win
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