Salient to Investors: The OECD said: Germany will expand 0.7 percent in 2013 versus 0.4 percent predicted in May France will grow 0.3 percent in 2013 versus shrinking previously predicted of 0.3 percent The UK will grow 1.5 percent in 2013 versus 0.8 percent predicted in May. In the euro area, re-balancing
READ MORE... →Salient to Investors: Steve Hanke at Johns Hopkins University said inflation is always and everywhere a monetary phenomenon, but hyperinflation is always and everywhere a political phenomenon. payday short term loan Ricardo Hausmann at Harvard says the Fed’s planned tapering is not the only reason why emerging-market stocks and bonds
READ MORE... →Salient to Investors: Jim Rogers writes: In the 1920s and 1930s, the center of the world moved from the UK to the US, primarily due to financial problems and political mistakes. The centre of the world is now moving from the US to Asia, due to the financial crisis and
READ MORE... →Salient to Investors: Caroline Baum writes: Private foreign investors sold a net $67 billion of Treasuries in June, a record and the second consecutive monthly outflow, and sold agency securities, corporate bonds and equities. The US Treasury is looking at much higher borrowing costs as 41 percent of the debt has
READ MORE... →Salient to Investors: Nick Kounis at ABN Amro Bank said the external environment is really getting better, led by signs that US demand is picking up, and Q2 should mark the end of the recession in the euro area, though the recovery will be excruciatingly slow. Evelyn Herrmann at BNP Paribas said
READ MORE... →Salient to Investors: The Euro Stoxx 50 Index is at 12.5 times projected earnings, versus 15.3 times projected earnings for the S&P 500 and 14.2 times income for the Topix. Bulls say European stocks are cheap as the first expansion for euro-area manufacturing in 2 years helps drive forecasts for profit growth of more
READ MORE... →Salient to Investors: Joseph Lupton at JPMorgan Chase is not expecting a boom in Europe, but sees a momentum shift in markets and the world economy, citing a change in perception from no way out of the crisis to seeing growth. Lupton says the euro area is 1/5 of global GDP. Lupton said
READ MORE... →Salient to Investors: Simon Johnson at MIT Sloan writes: Optimists say Europe is on the mend – the ECB is maintaining stimulus, Germany’s export potential remains large, France will continue to be a haven for investors, while struggling countries such as Greece and Portugal represent less than 1/10 th of the euro area’s economic output and population. However Italy
READ MORE... →Salient to Investors: Vincent Reinhart at Morgan Stanley said investors are the little white lab rabbits in the central bank experiments. Gilles Moec at Deutsche Bank said the potential for the dialog between the central banks and the market to fail is significant. Nathan Sheets et al at Citigroup said the UK
READ MORE... →Salient to Investors: Kyohei Morita and Yuichiro Nagai at Barclays said: Abe’s policies can succeed even if wages don’t immediately accompany price increases, because 2.21 million people born between 1947 and 1949 are starting to retire and will become buyers rather than workers and savers, even as the total population declines.
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