Salient to Investors: William Emmons at FRB St. Louis said: Americans born between 1928 and 1945 have become the richest old generation ever by benefiting from improved health, a more generous social safety net, an exit from the job market ahead of the past recession, rebounding stock and home values, and
READ MORE... →Fareed Zakaria said: The White House has no real solution for Syria. There is no prospect of working with the Republicans on any major domestic policy. The greater threat to global peace and prosperity over the next decades comes from the rise of China and not from IS. Americans believe
READ MORE... →Salient to Investors: Fareed Zakaria said: Tunisia is more developed, more urban, more literate, and more globalized than Egypt, and has a more diverse civil society, stronger labor unions, civic associations, professional groups. Tunisia’s relative success suggests there is nothing inherent in Islam or Arab society that makes it impossible
READ MORE... →Salient to Investors: The price gap between regular and premium gasoline is at the widest since 2008, caused partly by the supply of shale oil, which is more easily turned into low-octane gasoline. John Auers at Turner Mason said foreign oils produce high-octane fuel better. Patrick DeHaan at GasBuddy Organization said
READ MORE... →Salient to Investors: Fareed Zakaria said: Canada has more immigrants, more foreign-born citizens than the US. Since 1990, mortality rates of children under five have been cut in half. Most books on entrepreneurship are useless. The top 5 countries that account for half of the under-5 deaths are India, Nigeria,
READ MORE... →Salient to Investors: Investors still believe that whenever stocks and risk assets fall, the authorities will act to limit the losses to ensure they don’t take economies down with them. Hans Redeker et al at Morgan Stanley said comments last week by Bullard and Haldane left markets with the impression
READ MORE... →Salient to Investors: Bob Brackett at Sanford C. Bernstein said oil at $79.78 a barrel renders one-third of US shale oil production uneconomic. Bernstein said the price will rise to a level where more output is economic. Vikas Dwivedi at Macquarie said any slower increase in US output would reshape the way
READ MORE... →Salient to Investors: Zhu Haibin at JPMorgan Chase said the lack of good unemployment data is the main reason why China still focuses so much on GDP, and since China is more concerned about employment and inflation, it refrains from big stimulus. Zhu said China’s current registered unemployment rate is
READ MORE... →Salient to Investors: The Fed misses those who are employed who are overqualified for their job or would like to work more hours, so the significant under-utilization of labor resources is probably even more severe than currently estimated. Michelle Meyer at Bank of America said we have more slack than
READ MORE... →Salient to Investors: Fareed Zakaria said: Obama’s Syria policy is destined for failure and almost certain to produce chaos and unintended consequences. Joshua Landis at Syria Comment estimates that non-jihadi groups collectively control only about 5% of Syria. The underlying reason for the violence in Iraq and Syria is a Sunni
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