Salient to Investors: Krugman has been unable to get the Fed to raise its inflation target to 4 percent or persuade Congress to increase spending to stimulate growth Jeffrey Sachs at Columbia University says Krugman shows too little concern for wasteful government spending, an approach which is disastrous both politically
READ MORE... →Salient to Investors: Stanley Druckenmiller said: The poverty rate for seniors over the last 35 years has dropped from 35% to 9%, while their wealth has dramatically increased The numbers of seniors is about to explode and there is no way we can pay for what we have promised them. The US
READ MORE... →Salient to Investors: Policy makers and some Wall Street veterans see a banking system still too leveraged, complicated and interconnected to withstand a panic, and regulators ill-equipped to head one off — the same conditions that led to the last crisis. Stefan Walter said we are safer, but not safe
READ MORE... →Salient to Investors: America’s biggest employers are increasingly moving retirees to insurance exchanges where they select their own health plans, a historic shift that could push more costs onto US taxpayers. Towers Watson said 44% of companies plan to stop administering health plans for their former workers over the next
READ MORE... →Salient to Investors: Jim Rogers writes: Be careful about what governments tell us. Germans, supposedly hardworking and disciplined, were found to be making up numbers related to job creation. Read the full article at http://blogjimrogers.blogspot.com/2013/09/germans-who-were-supposed-to-be_9688.html Click here to receive free and immediate email alerts of the latest forecasts.
READ MORE... →Salient to Investors: Jim Rogers writes: All government numbers are suspect. Last week, the US revised its economic statistics and added a whole economy bigger than the Swedish economy. Read the full article at http://blogjimrogers.blogspot.com/2013/09/all-government-numbers-are-suspect.html Click here to receive free and immediate email alerts of the latest forecasts.
READ MORE... →Salient to Investors: Roberto Perli at Cornerstone Macro said the reduced workforce poses a problem for the Fed as the unemployment rate declines faster than the Fed thought, but not for the right reason. If the drop is mainly driven by aging baby boomers retiring then the lower unemployment rate
READ MORE... →Salient to Investors: The CDC said the US fertility rate fell to a record low in 2012, with 63.0 births per 1,000 women ages 15 to 44 years old, and versus 69.3 in 2007. Last year, the CDC said an American woman will give birth to an average of 1.88
READ MORE... →Salient to Investors: For most Americans, the real estate crash is over and personal wealth is back where it was in the boom. For blacks, 18 years of economic progress has vanished, with a rebound in housing slipping further out of reach and the unemployment rate almost twice that of whites. Black homeownership fell
READ MORE... →Salient to Investors: Joseph E. Gagnon at the Peterson Institute for Intl Economics writes: QE still is the right policy. QE bond purchases are not comparable to stimulus spending on roads and tax cuts, which adds to the national debt. QE is a swap of one asset, bank reserves, for
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