Salient to Investors: Mark Mobius at Templeton Emerging Markets is holding and buying Macau gambling stocks as Macau will gain from expanding family entertainment and become China’s premier destination for leisure and entertainment. Read the full article at http://www.bloomberg.com/news/2013-04-23/mobius-says-macau-casinos-to-expand-on-family-push.html Click here to receive free and immediate email alerts of the latest forecasts.
READ MORE... →Salient to Investors: The IMF says: The global economy will expand 3.3 percent in 2013 versus its 3.5 percent forecast in January, and 4 percent in 2014. The euro area will contract 0.3 percent in 2013 versus its forecast of a 0.2 percent retreat in January. Expect a 3-speed recovery led by emerging
READ MORE... →Salient to Investors: The fall in the price of gold today was the worst one-day drop in 30 years. Miguel Perez-Santalla at BullionVault said there was one big seller at the COMEX opening on Friday, followed by a seller of 53,000 gold futures contracts on Sunday – unusual in that sellers
READ MORE... →Salient to Investors: The Asian Development Bank said: China’s surging wage costs are undermining competitiveness and threatening growth. Average inflation-adjusted wages have more than tripled in a decade and non-wage costs have risen since a 2008 labor law – restrictions on workers’ mobility through the household registration system known as hukou. Changes in
READ MORE... →Salient to Investors: Economists expect China to report an 11.7 percent growth in exports and a 6 percent rise in imports. In each of the previous three months, exports have come in at least 7.5 percentage points above what economists had predicted. While China has reported stellar numbers, neighbors South
READ MORE... →Salient to Investors: George Soros said: China has a couple of years to control risks as t he rapid growth of shadow banking is disturbingly similar to the subprime-mortgage market in the US that caused the financial crisis of 2007-2008. China can keep its current economic growth model for another year
READ MORE... →Salient to Investors: Ryan Sweet at Moody’s Analytics said global markets are holding up well even as Europe struggles, and domestic demand is improving in the US which will increase imports. The median economists expects China growth to rise to 8.1 percent in 2013. Read the full article at http://www.bloomberg.com/news/2013-04-05/trade-deficit-in-u-s-unexpectedly-narrows-on-lower-oil-imports.html Click here to
READ MORE... →Salient to Investors: David A. Stockman writes: The US is broke – fiscally, morally, intellectually – and the Fed has incited a global currency war that will soon overwhelm it. This latest Wall Street bubble, inflated by phony money from the Fed rather than real economic gains, will burst within a
READ MORE... →Salient to Investors: Alan Tonelson at the US Business and Industry Council writes: Much of China’s hacking power was Made by the U.S.A. The first known victims of China’s US-enabled cybercapacities were Chinese citizens, including dissidents tracked with technology sold by Cisco Systems and Yahoo! and ordinary people whose online content has been censored with
READ MORE... →Salient to Investors: Martyn Davies at Frontier Advisory said there’s a shift in power from the traditional to the emerging world, with much geo-political concern about this in the western world. Foreign direct investment into BRICS nations accounted for 20 percent of global FDI flows versus only 6 percent in
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