Salient to Investors: PIMCO’s Bill Gross said a debt trap remains even after the European agreement, continues to avoid the debt of nations including Spain and Portugal in favor of U.S. Treasuries and mortgage securities. Gross said both the peripherals and the core union nations have too much debt, whose marginal cost
READ MORE... →Salient to Investors: For the first time in 13 years, the real, ruble and rupee are weakening the most among developing-nation currencies, while the yuan has depreciated more than in any other period since its 1994 devaluation. Investors are fleeing the BRICs, after Brazil’s consumer default rate rose to the
READ MORE... →Salient to Investors: Brazil holds the world’s biggest oil discoveries since Kazakhstan found the Kashagan field in 2000. Brazil has at least 50 billion barrels of recoverable reserves in an area the size of Florida in deep waters off the coast of Brazil. Read the full article at http://www.bloomberg.com/news/2012-06-15/petrobras-worst-big-oil-bet-on-deepwater-disappointments.html
READ MORE... →Salient to Investors: A prolonged slowdown in the BRICs threatens a world economy in its weakest spell since the end of the 2009 recession, which the BRICs helped shorten by contributing about half of the international expansion since 2007. Citigroup’s surprise index, which measures how much data miss predictions, is
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