Birinyi’s S&P 3200 Call – Bull From A 30-Year Bull – David Stockman’s Contra Corner 08-05-15

Salient to Investors: David Stockman writes: Laszlo Birinyi says S&P 3200 will be reached by 2017 because there is no reason it cannot keep rising. Since first meeting Birinyi in 1986, I do not ever recall when he was not bullish on equities. His call is wrong because the central bank fed 30-year bull run

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Market Manipulation Goes Global – Project-Syndicate 07-27-15

Salient to Investors: Stephen Roach at Yale writes: Market manipulation a la China is now standard operating procedure in policy circles around the world – the West just dresses up their manipulation in different clothes. QE is essentially an aggressive effort to manipulate asset prices: whether it has succeeded is debatable

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Central Banks Have Shot Their Wad – Why The Casino Is In For A Rude Awakening, Part I – David Stockman’s Contra Corner 07-25-15

Salient to Investors: David Stockman writes: The central banks have shot their wad after increasing their aggregate balance sheet from $3 trillion to $22 trillion over the last 15 years, which falsified financial prices. The coming deflation will bring a plunge in corporate profits and collapsing prices of vastly inflated risk asset classes. The

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The Free Market Is Dead – Goldman Says China Is A Buy! – David Stockman’s Contra Corner 07-20-15

Salient to Investors: Michael Pento at Pento Portfolio Strategies writes: In not allowing participants to sell stocks, China has fallen off the free market wagon. The same China that believes that economies grow by building empty cities. China’s actions are the antithesis of capitalism and free markets so it shocking to

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Beijing You Have A Problem – China’s Factory Sector Has Been Shedding Jobs For 20 Straight Months – The Wall Street Journal 07-20-15

Salient to Investors: China’s “new normal” of slower but better growth is a battle for survival for many businesses. The HSBC/Markit PMI shows that factories have cut jobs for 20 consecutive months, May seeing the biggest cuts since the global financial crisis. Read the full article at http://www.wsj.com/articles/for-many-firms-chinas-new-normal-spells-doom-1437355230 Click here to receive free and

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Urgent Warning: 6 Signs the Great Crash Is Upon Us! – David Stockman’s Contra Corner -7-16-15

Salient to Investors: Harry Dent writes: All the signs point to the end of the global bubble. The greatest trigger will be the bursting of the massive, unprecedented China bubble. China’s stock market loss of 35% in less than 30 days signals its stock bubble has peaked: a drop of 30% to 40%

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Billionaire Paul Singer: China Crash Is ‘Way Bigger Than Subprime’ – Bloomberg Business 07-15-15

Salient to Investors: Paul Singer at Elliott Management said China’s debt-fueled stock market crash is way bigger than the US subprime mortgage crisis but may not be enough to cause a global financial market meltdown. Bill Ackman at Pershing Square Capital Mgmt said China is a bigger global threat than Greece by far, their stock

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Fareed Zakaria GPS – CNN 07-12-15

Salient to Investors: Fareed Zakaria said: The Economist says Connecticut bankrolls the weaker states in America: 5% of their GDP over the last 20 years has been net income transfers to states like Mississippi and Alabama. Allen Cooperman says the nuclear deal will only take Iran from 2 months away

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