Salient to Investors: Andrea Guzzi at IST Investmentstiftung fuer Personalvorsorge said the global economy is recovering and healing, thanks to the US and the emerging markets – more people are becoming wealthy, less and less are poor. Guzzi said many countries have oversized banking sectors. Gala Prada at Fiatc Mutua de Seguros y Reaseguros expects
READ MORE... →Salient to Investors: Two-thirds of investors surveyed by Bloomberg described the global economy as either stable or improving. the most since May 2011. The investors said the US offered the best opportunity over the next year for the eighth straight quarter. Goldman Sachs recommended buying Indian stocks. Read the full article at http://www.bloomberg.com/news/2012-11-29/asian-stocks-gain-with-oil-on-u-s-budget-optimism-gold-rallies.html
READ MORE... →Salient to Investors: The OECD said: Failure to prevent the fiscal cliff would increase the risk of a global recession. The greatest threats to the world economy lie in the euro area, whose debt crisis urgently need fixing. Reducing the large federal budget deficit is necessary to restore fiscal sustainability, but should be done gradually
READ MORE... →Salient to Investors: EU leaders didn’t discuss climate strategy at their four summits this year, and the matter didn’t emerge during US presidential debates. Fatih Birol at the IEA said climate policy is sliding off the international policy agenda. Scientists are increasingly concerned that the time to react is passing. Birol
READ MORE... →Salient to Investors: Bill O’Neill at Merrill Lynch Wealth Mgmt said: He owns gold for diversification and catastrophe insurance, and expects prices to rise above $2,000 in 2013. Prospects for industrial metals are dim due to a lack of clarity on demand from China, their inventory levels. Global growth will improve slightly next year to 3.2
READ MORE... →Salient to Investors: The UN’s World Meteorological Organization said concentrations in the atmosphere of the three main gases blamed for global warming all rose in 2011 to their highest since records began. The additional carbon dioxide will remain in the atmosphere for centuries, causing further warming and impacting all aspects of life on Earth
READ MORE... →Salient to Investors: The World Bank said the world risks cataclysmic changes caused by extreme heatwaves, rising seas and depleted food stocks as it heads toward global warming of 4 degrees Celsius this century. Current national pledges to reduce greenhouse gases won’t do much to change the current trajectory of temperatures.
READ MORE... →Salient to Investors: Tim Worstall at the Adam Smith Institute writes: Jeremy Grantham is horribly mistaken when he talks about drastically reducing the use of phosphorus and potassium in the next 20–40 years else they run out and we begin to starve. Grantham is looking at mine reserves as if
READ MORE... →Salient to Investors: Stronger housing demand and hiring in the US and accelerating factory output and retail sales in China is providing international growth as Europe and Japan stagnate. Jim O’Neill at Goldman Sachs Asset Mgmt said improving China and the US is extremely good news. Tim Drayson at Legal & General Investment
READ MORE... →Salient to Investors: The IEA said: The US will overtake Saudi Arabia as the world’s leading oil producer by about 2017 and will become a net oil exporter by 2030, and become all but self-sufficient in meeting its energy needs in about two decades. Global energy demand will grow between 35 and 46
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