Broken Systems Plus Bad Ideas Equals Lame Recovery – Bloomberg 07-10-13

On July 10, 2013   /   Clive Crook, Europe Economy, Global Economy, US Economy  

Salient to Investors: Clive Crook writes: The global economic recovery is hardly worthy of the name – the IMF again reduced its growth forecasts. Recessions involving financial crashes are harder to recover from than ordinary downturns. The failure of international cooperation is most egregious in the EU, where the EU core

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Broken Systems Plus Bad Ideas Equals Lame Recovery – Bloomberg 07-10-13

On July 10, 2013   /   Clive Crook, Economics, Europe Economy, Global Economy, US Economy  

Salient to Investors: Clive Crook writes: The global economic recovery is hardly worthy of the name. The IMF has again reduced its forecasts for the world economy. Recessions involving financial crashes are harder to recover from. Two great failures of coordination receive scant economic discussion. Precious little effective international cooperation

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IMF Reduces Global Growth Outlook as U.S. Expansion Weakens – Bloomberg 07-09-13

On July 9, 2013   /   China Economy, Emerging Market Economies, Europe Economy, France Economy, Germany Economy, Global Economy, IMF, Italy Economy, Japan Economy, Russia Economy, US Economy  

Salient to Investors: The IMF said: Global growth will struggle to accelerate in 2013 as the US expansion weakens, China’s economy levels off, and Europe’s recession deepens. Global growth will be 3.1 percent in 2013, unchanged from 2012, and 3.8 percent in 2014. Developing economies will grow 5 percent in 2013,

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IMF Reduces Global Growth Projections as U.S. Expansion Weakens – Bloomberg 07-09-13

On July 9, 2013   /   China Economy, Emerging Market Economies, Europe Economy, France Economy, Germany Economy, Global Economy, IMF, Italy Economy, Japan Economy, Russia Economy, Spain Economy, US Economy  

Salient to Investors: The IMF said: Global growth for 2013 will be unchanged at 3.1 percent as US growth slows to 1.7 percent in 2013 and 2.7 percent in 2014. Global growth will be 3.8 percent in 2014. Downside risks to global growth prospects still dominate, with the possibility of a longer

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There is a painful period that can last over a decade – Dr Nouriel Roubini Blog 07-08-13

On July 8, 2013   /   Economics, Europe Economy, Global Economy, Japan Economy, Nouriel Roubini, US Economy  

Salient to Investors: Nouriel Roubini writes: Expect a decade ahead of very low economic growth in the US, Europe, Japan and other advanced economies, with rising unemployment and social and political unrest. Unstable disequilibrium, is the new abnormal. The economy was first anemic because of the financial crisis of too

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Global Bonds Dive for Second Month as Stocks Lose $2.7 Trillion – Bloomberg 06-30-13

On June 30, 2013   /   Bill Gross, Bond Market, Developed Markets Stocks, Emerging Markets Stocks, Global Economy, Gold, Goldman Sachs, Investment Mathematics, Jeffrey Gundlach, US Stocks  

Salient to Investors: Binky Chadha at Deutsche Bank said the market had been pricing in that the Fed would normalize rates much more slowly than it has done historically, and the shock has spilled over across all of the asset classes. The World Bank said the world economy will expand 2.2 percent

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UBS’s Friedman Favors U.S. Stocks, High-Yield Bonds – Bloomberg 06-28-13

On June 28, 2013   /   Alexander Friedman, Australia Economy, Australian Stocks, Bond Market, Brazil Economy, Brazil Stocks, China Economy, Cyclical Stocks, Dividend Stocks, Emerging Market Economies, Emerging Markets Stocks, Europe Economy, Europe Stocks, Financials, France Economy, Germany Economy, Global Economy, Gold, Homebuilding, India Economy, Insurance, Investment Money Flows, South Africa Economy, Spain Economy, US Dollar, US Economy, US Real Estate, US Stocks  

Salient to Investors: Alexander Friedman at UBS says: What Fed has done is not unexpected and the market reacted because it was ahead of itself. All the Fed was saying was that the US is doing OK, that the data is trending as it should, and that it has confidence

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No 1997 Asian Crisis Return as China Trembles – Bloomberg 06-27-13

On June 27, 2013   /   Asian Economy, Bond Market, Economics, Global Economy, IMF, US Economy  

Salient to Investors: Frederic Neumann at HSBC said: Asia’s growth has just downshifted to a less spectacular pace in coming years. Asia’s 1997 financial crisis won’t repeat as dissimilarities outweigh the parallels. Current account positions are mostly in surplus, which should cushion the blow from an outflow of capital, and banking systems

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Don’t Panic as Bond Market Ship Not Sinking, Pimco’s Gross Says – Bloomberg 06-26-13

On June 26, 2013   /   Bill Gross, Bond Market, Global Economy, Investment Money Flows, US Economy  

Salient to Investors: Bill Gross at Pimco said: Bond yields and risk spreads were too low 2 months ago and global markets that were too leveraged are now reducing risk The Fed tilted over-risked investors to one side of an overloaded and over-levered boat when discussing tapering, so don’t panic.

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