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: 10-yr T-notes are at the widest yield gap, 0.89%, to their G-7 counterparts since June 2007. Charles Comiskey at Bank of Nova Scotia said people are being forced to buy Treasurys because both emerging-market currencies and stocks are getting hammered. Adrian Miller at GMP Securities said investors are bullish
READ MORE... →Salient to Investors: Jeffrey Gundlach at DoubleLine Capital said: The Shanghai Composite Index is worth a speculation, but his favorite stock market long-term is India. Yields on 10-yr US Treasuries may reach 2.65% this year. Does not own any foreign currency bonds – the biggest risk in a rise in yields
READ MORE... →Salient to Investors: David Bloom at HSBC said to sell emerging market currencies, including the Rand, Ruble and Mexican and Colombian Peso, on increasing signs of US growth supporting the US dollar . Bloom said a mass investor exodus depends on what happens to volatility on long-term US rates moving up – if long
READ MORE... →Salient to Investors: Thomas Stolper at Goldman Sachs said: The US dollar will weaken through 2014 to $1.40 per euro for the first time since October 2011 and there will be only marginal support from interest rates.” Fed tapering is already priced in and will be offset by the Fed
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: Richard Fisher at FRB of Dallas said fiscal discord has undermined the case for tapering bond purchases, which tend to debase the dollar. Richard Franulovich at Westpac Banking said tapering is looking less and less likely, and sees an opportunity in the next few months for currencies
READ MORE... →Salient to Investors: Jim Rogers writes: personal loans from I am long the US Dollar because there is much turmoil coming and people see it as a safe haven. Read the full article at http://blogjimrogers.blogspot.com/2013/09/turmoil-coming-up.html Click here to receive free and immediate email alerts of the latest forecasts.
READ MORE... →Salient to Investors: Vincent Ho writes: China has kept wages low through monetary policy to attract capital investment from manufacturers, thereby exporting deflation as low labor wages keep prices of manufactured goods lower. China’s central bank will intervene to keep inflation relatively low and stop any significant deflation that would
READ MORE... →Salient to Investors: Jim Rogers writes: Renminbi globalization is good for all China because it means every investor worldwide can invest there, bringing great market opportunities to China’s commodities. China will become the world’s center for commodity transactions and its financial market will be the best in the world.The US
READ MORE... →