Salient to Investors: Nouriel Roubini at NYU said: There has been a global recovery in the last year with the US recovery and reduced tail risks of a eurozone breakup and a hard landing in China. The US economy recovery is very fragile, with barely 2% GDP growth expected in
READ MORE... →Salient to Investors: The OECD said: Germany will expand 0.7 percent in 2013 versus 0.4 percent predicted in May France will grow 0.3 percent in 2013 versus shrinking previously predicted of 0.3 percent The UK will grow 1.5 percent in 2013 versus 0.8 percent predicted in May. In the euro area, re-balancing
READ MORE... →Salient to Investors: The Journal of the AMA reports: 11.6% of China’s adults has diabetes, up from 9.7% – an increase the size of the population of Australia – in 2007, and versus 11.3% in the US. 1 in 3 diabetes sufferers globally is in China. Half of adults in
READ MORE... →Salient to Investors: Lu Ting at Bank of America said China’s recovery is being driven primarily by domestic demand but international demand is picking up too, and will boost market confidence in China’s recovery amid the turmoil in some emerging markets. Zhu Haibin at JPMorgan raised estimates for China’s growth
READ MORE... →Salient to Investors: Hedge funds et al are making the biggest bet on a gold rally since January 22 amid mounting signs that the U.S. will lead a military strike against Syria drove prices to a three-month high. Net-bullish holdings across 18 US-traded commodities climbed to the highest since February.
READ MORE... →Salient to Investors: Jim Rogers writes: Plato said that societies develop from dictatorship to oligarchy to democracy to chaos and then back to dictatorship. Chaos seems to be what is happening in some Asian countries. Japan, Korea, Singapore, China were all one-party states but as they became more prosperous, their
READ MORE... →Salient to Investors: William Pesek writes: Another 1997-like Asian crisis is highly unlikely because exchange rates are now more flexible, foreign-currency debt is lower, banks are healthier, countries are sitting on trillions of dollars of reserves, and economies are far more transparent. The same can’t be said of 1994, when the
READ MORE... →Salient to Investors: Asia’s role as the world’s growth engine is waning as economies across the region weaken and investors pull out billions of dollars in favor of nascent recoveries in the US and Europe. Economists forecast Malaysia will post its second straight quarter of sub-5 percent growth this week.
READ MORE... →Salient to Investors: William Pesek writes: The economic challenges China faced in 1998 are eerily similar to those it faces today. Now, as then, economists worry China’s economy might collapse, a mountain of nonperforming loans might go bad, state-owned enterprises are stifling innovation, and social unrest might overwhelm Beijing. The
READ MORE... →Salient to Investors: Adam Johnson writes: The drumbeat against China’s ability to grow has been relentless despite more economic data over the past month beating forecasts than has fallen short. China’s retail sales so far in 2013 have risen by almost 13 percent, meeting economist forecasts. The iShares China Large-Cap ETF has fallen
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