Salient to Investors: Addison Armstrong at Tradition Energy said the German PMI data is clearly bearish for the oil market because if the Germans are not making things, where is European demand going to come from? Michael Lynch at Strategic Energy & Economic Research said Cyprus is an example of what ails the
READ MORE... →Salient to Investors: Witold Bahrke at PFA Pension A/S said anxiety is growing steadily, primarily regarding euro-zone developments, and while no-one expects anything concrete from the summit, there is the potential for surprises, like on Cyprus. Read the full article at http://www.bloomberg.com/news/2013-03-14/european-stock-index-futures-climb-as-leaders-meet.html Click here to receive immediate email alerts of the latest
READ MORE... →Salient to Investors: Economists say a resurgence of the debt crisis is the biggest threat facing Germany in an election year. Thomas Mayer at Deutsche Bank, Holger Schmieding at Berenberg Bank and others say declining sovereign bond yields in countries such as Italy and Ireland should not lull governments across Europe into thinking they can let up
READ MORE... →Salient to Investors: Paul Krugman writes: Paul Ryan’s proposal of slashing the top tax rate from 39.6 percent to 25 percent, yet somehow raising 19.1 percent of G.D.P. in revenues are even more fraudulent than his proposals in 2010 and fortunately this time getting the derision it deserves. Draconian austerity is simply not needed
READ MORE... →Salient to Investors: Mohamed El-Erian at Pimco said: Europe may contract 1 percent to 1.5 percent in the next 12 months with the private sector starved for credit and austerity policies limiting growth. Ireland’s first sale of 10-yr government bonds since its 2010 bailout is a sign of the gradual healing in Europe’s financial
READ MORE... →Salient to Investors: The WHO said people are living longer than ever before, but men have seen less improvement and are a generation behind women. The gap between the sexes is 7.5 years and largely due to lifestyle and occupational differences. As of 2010, life expectancy for women in Europe is 80
READ MORE... →Salient to Investors: Peter Temin at MIT and David Vines at Oxford write: The global economy succeeded in the second half of the 20th century because US power could recruit countries to cooperate to maintain prosperity, and again at the end of the 19th century led by Britain. The US
READ MORE... →Salient to Investors: Copper analysts are the most bullish in 5 weeks on optimism the global economy is strengthening versus hedge funds the most bearish since August. Goldman Sachs recommended buying copper for a 16 percent gain to $9000 in 6 months as China copper imports increase. Barclays says China
READ MORE... →Salient to Investors: Correlation between the Euro Stoxx 50 Index and the MSCI All-Country World Index has fallen to the lowest level since 2008. The Euro Stoxx 50 trades at 10.9 times estimated earnings versus 13.7 for the S&P 500 and 14.8 for the MSCI Asia Pacific Index. Trevor Greetham at Fidelity Worldwide is underweight
READ MORE... →Salient to Investors: Lars Seier Christensen at Saxo Bank said: The euro’s recent rally is illusory and the euro is doomed because Europe has no fiscal union. Another possible fallout is getting rid of some of the countries being ruined by being in the euro, notably southern European economies. People are dramatically
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