Fareed Zakaria said: The great American housing market is back as the Case-Shiller housing index showed its largest annual increase in prices in seven years, showing its core character: flexibility and resilience. The US is the only rich country whose population is growing, increasing by 3 million people every year,
READ MORE... →Salient to Investors: Boston Consulting Group said: Asia-Pacific centers such as Singapore and Hong Kong are expected to receive most of the newly created wealth in the region that finds its way offshore. Hong Kong has the greatest concentration of billionaires followed by Switzerland. Asian wealth outside Japan will surpass North America
READ MORE... →Salient to Investors: Kevin Adams at Henderson Global Investors said his biggest worry is that central banks will lose their credibility, and that the Fed will lose the faith of investors. The International Monetary Fund lowered its forecasts for China’s growth to 7.75 percent in 2103 and 2014. Read the full article at http://www.bloomberg.com/news/2013-05-29/european-stock-index-futures-decline-after-two-day-rally.html Click here to
READ MORE... →Salient to Investors: Money managers cut their net-long position of futures and options to the lowest since July 2007, while holdings of short contracts rose to a record. Dan Denbow, a fund manager at the $1 billion USAA Precious Metals & Minerals Fund said gold has so many drivers that it gets
READ MORE... →Salient to Investors: Akamai Technologies said China accounted for 41 percent of the world’s computer-attack traffic in Q4 2012 – more than 3 times a year ago and versus 33 percent in Q3 2012 – followed by the US with 10 percent. Verizon said China accounted for 96 percent of all global espionage
READ MORE... →Salient to Investors: Ben Bernanke says: Between 1700 and 1970 worker productivity jumped 30 times, and in the last 50 years, life expectancy increased 8 years from 70 to 78, versus 53 years in 1913 when 60-hour work weeks at manufacturing jobs were the norm. In the long-run we will
READ MORE... →Salient to Investors: Pope Francis said: Free market economics had created a tyranny – a cult of money – in which people were valued only by their ability to consume. Life had become worse for people in both rich and poor countries. Poverty was becoming more and more evident. Read
READ MORE... →Salient to Investors: Bill Gross at Pimco raised Treasuries holdings to 39 percent in April, the highest level since July 2010, and warned that investors face potential losses from global central banks’ unprecedented monetary stimulus. Gross said Treasuries are a better alternative than cash, and negative real interest rates, inflation, currency
READ MORE... →Salient to Investors: Jeremy Grantham at GMO says: The global economy is reckless in its use of all resources and natural systems and is showing many of the indicators of potential failure that brought down so many civilizations. Civilizations have an average lifespan of around 250 years. Failing civilizations suffered
READ MORE... →Salient to Investors: Fareed Zakaria said: The World Bank says that in 1981 nearly half the world’s citizens were poor, while today, less than a fifth lives in poverty – from 2 billion to 1.2 billion people. Chinese poor declined by nearly 680 million people in the last three decades,
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