Salient to Investors: Paul Farrell writes: The fashion industry is betting megabucks on the future of America’s economy and stock market. At the peak of the 1990s mania tech magazines were also bloated with hundreds of pages of ads. Ad pages signal economic health. Barnes & Noble’s racks are filled with
READ MORE... →Salient to Investors: Paul Joseph Garcia at BPI Asset Mgmt said any good news from Europe and China will be a buy signal for investors, and is overall net buying. IMF cut its global growth forecast this year to 3.3 percent, the slowest since the 2009 recession, sees alarmingly high risks of a steeper slowdown,
READ MORE... →Salient to Investors: IMF says: Risks of a slowdown are alarmingly high primarily because of policy uncertainty in the US and Europe. Global growth will be 3.3 percent in 2012 and 3.6 percent in 2013, with a 15 percent chance of recession in the US in 2013, 25 percent in Japan, and
READ MORE... →Salient to Investors: Bruce McCain at KeyCorp said we’re back to a period where investors become less enthusiastic as they realize the problems of the world have not gone away. Bloomberg poll estimates S&P 500 earnings will fall 1.7 percent in Q3, the first decline since 2009. Gina Martin Adams at Wells Fargo said earnings are weakening fairly quickly –
READ MORE... →Salient to Investors: Jim O’Neill at Goldman Sachs Asset Mgmt said when we come out the other side with a different structure, we should have a much stronger world economy. John Bilton at Bank of America Merrill Lynch sees a changing complexion in global growth, ending with a more balanced world economy longer-term. Bilton said this will
READ MORE... →Salient to Investors: Daniel Altman at NYU and BigThink says the biggest threat facing the global economy is short-term thinking, which has swept over the world in the past few decades. One cause is we can’t plan for the long-term as easily as we used to because of the growing complexity of
READ MORE... →Salient to Investors: Brazilian small-caps are at 1.59 times book versus 3-yr low of 1.33 in June and the highest versus the Bovespa since February 2009. Consumer stocks account for 30 percent of the small-cap index, almost three times as much as their share in the Bovespa, where commodities producers account for 43 percent. Herculano
READ MORE... →Salient to Investors: Concern is mounting that the government isn’t doing enough to bolster economic growth at a time when producers are expanding supply. Bloomberg survey median expects the S&P GSCI index to rise 3.1 percent by year-end. Barclays says the impact of QE will be smaller this time, says commodity assets under management
READ MORE... →Salient to Investors: Joachim Fels at Morgan Stanley said: It won’t take much to tip the world into a global recession Central banks in Europe, China, U.K. and Japan will further ease, thereby supporting asset prices, preventing deflation, helping avert sovereign defaults and maintaining economic growth. Central banks on their own cannot bring a sustainable
READ MORE... →Salient to Investors: More health workers are choosing to stay at home. Save the Children estimates the world is more than 3 million health workers short, including at least 1 million community nurses and doctors. 34 percent of doctors and 21 percent of nurses are foreign in New Zealand versus 27 percent of
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