Salient to Investors: William C. Dudley at New York FRB said: European economic weakness and US budget woes mean more needs to be done to shore up the global economy and financial regulation. The US has too much fiscal restraint in the short-term, and too little consolidation in the long-term. The US economy
READ MORE... →Salient to Investors: The IMF said: Budget deficits in advanced economies will narrow at a faster pace in 2013 than in 2012 even as countries including the US and Japan lack clear plans to reduce their debt. Fiscal shortfalls will shrink to 4.7 percent of GDP in advanced nations in 2013, the narrowest
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: Paul Krugman writes: One thing about Cassandra is that she was always right. Austerity has been a monstrous exercise in unethical human experimentation. In any kind of communications profession, above all have something to say, don’t try to be clever and counterintuitive as if in the entertainment
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: Bill Gross at Pimco said: The economy will grow no more than 2 percent in 2013 even with one or two quarters of faster growth. A 2 percent new normal economy is the best we can expect. The impact of energy and housing will be limited to one or two quarters at
READ MORE... →Salient to Investors: Mark Luschini at Janney Montgomery Scott said the payrolls report is a huge disappointment and will spook the market. Eric Zoldan at JHS Capital Advisors said we are in a very difficult economic environment and expects a lot of pressure on the market. Zoldan said most importantly the
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: Axel Weber at UBS said the growth story in Europe is just not there yet, the structural problems are unresolved, and there is some potential for equities to improve particularly for the US. Read the full article at http://www.bloomberg.com/news/2013-03-27/european-stock-index-futures-climb-after-u-s-rally.html Click here to receive free and immediate email alerts of the latest forecasts.
READ MORE... →Salient to Investors: Eric Thorne at Bryn Mawr Trust said we have not seen any major resolution to Europe, yet stocks ignore what’s going on there and reach all-time highs anyway. LEELAMARCUM.COM/IMAGES/ Witold Bahrke at PFA Pension A/S said Europe is in desperate need for growth, but today’s bad PMI is signaling a
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