Salient to Investors: Ben Bernanke says: Between 1700 and 1970 worker productivity jumped 30 times, and in the last 50 years, life expectancy increased 8 years from 70 to 78, versus 53 years in 1913 when 60-hour work weeks at manufacturing jobs were the norm. In the long-run we will
READ MORE... →Salient to Investors: Never put too much of your portfolio in a few investments, or in one country or industry. The employee with a significant chunk of his 401(k) in his employer’s stock, or gets his contribution matched in company stock, risks both job and retirement plans if a setback for
READ MORE... →Salient to Investors: Bloomberg Global Poll: International investors are the most bullish on the US and Japanese markets in more than 3.5 years as both economies are seen to be improving. Over 40% will reduce gold exposure over the next 6 months, close to 3 times more than those who
READ MORE... →Salient to Investors: Wang Weijun at Zheshang Securities said the producer-price index is indicating the economic recovery is weaker than expected as demand for industrial products looks sluggish – the market needs to digest profit taking after the recent rebound. The Shanghai Composite is at 9.6 times estimated earnings for 2013
READ MORE... →Salient to Investors: Jeremy Grantham at GMO says: The global economy is reckless in its use of all resources and natural systems and is showing many of the indicators of potential failure that brought down so many civilizations. Civilizations have an average lifespan of around 250 years. Failing civilizations suffered
READ MORE... →Salient to Investors: Fareed Zakaria said: The World Bank says that in 1981 nearly half the world’s citizens were poor, while today, less than a fifth lives in poverty – from 2 billion to 1.2 billion people. Chinese poor declined by nearly 680 million people in the last three decades,
READ MORE... →Salient to Investors: Jeremy Grantham writes: The world, in its reckless use of resources and natural systems, shows many of the indicators of potential failure that brought down many prior civilizations. However, we have two saving graces that may save us – declining fertility rates and progress in alternative energy.
READ MORE... →Salient to Investors: William Pesek writes: Japan has taught us that slashing interest rates to zero and beyond is much easier than returning them to normalcy. In Japan, credit spreads mean little, the underlying assets on which they are based are drugged up on monetary stimulants, bank balance sheets get muddied, it
READ MORE... →Salient to Investors: China is the world’s fastest-growing market for credit cards, even as delinquencies have tripled in the past 4 years and profit remains elusive. Debit cards outnumber credit cards 10-to-1 in China. Rainy Yuan at Masterlink Securities said credit cards are the ultimate growth area and also the battlefield for banks in China. China’s $7
READ MORE... →Salient to Investors: Tao Dong at Credit Suisse said China has been a very narrowly based recovery, predominantly driven by infrastructure investment, which is also apparently slowing down. easy money made online Goldman Sachs, Royal Bank of Scotland, and JPMorgan Chase cut estimates for 2013 expansion to 7.8 percent. Qu
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