India Must Tap Household, Temple Gold to Reduce Imports – Bloomberg 12-12-12

Salient to Investors: Bachhraj Bamalwa at All India Gems & Jewellery Trade Federation said Indian households and temples hold 25,000 metric tons of gold – 10 percent would ensure supplies to Indian jewelers for 3 years. Bamalwa said Indians will continue spending on gold on marriages and in festivals, and with no social security, investment in

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Most Accurate Forecaster Sees Lethargic U.S. Expansion – Bloomberg 12-03-12

Salient to Investors: Joshua Shapiro at Maria Fiorini Ramirez the US economy will grow 1.5 percent in 2013. monetary policy is having a limited near-term impact on growth the $1 trillion U.S. fiscal deficit is an important drag on future expansion. adjustments that affect the economy are all very long-term and are

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India Pledges to Cut Deficit, Cap Debt to Avert Downgrade – Bloomberg 11-25-12

Salient to Investors: Credit Agricole CIB said markets are pricing in an increasing likelihood that India’s credit rating will be cut to junk status. The median economist predicts Q3 GDP will increase 5.3 percent from a year ago. Sajjid Chinoy and Jahangir Aziz at JPMorgan expect full-year growth through March 2013 to be 5.6 percent, and 6 percent the following

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BRICs Biggest Currency Depreciation Since 1998 to Worsen – Bloomberg 06-25-12

Salient to Investors: For the first time in 13 years, the real, ruble and rupee are weakening the most among developing-nation currencies, while the yuan has depreciated more than in any other period since its 1994 devaluation. Investors are fleeing the BRICs, after Brazil’s consumer default rate rose to the

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O’Neill’s BRICs Risk Hitting Wall Threatening G-20 Growth – Bloomberg 06-14-12

Salient to Investors: A prolonged slowdown in the BRICs threatens a world economy in its weakest spell since the end of the 2009 recession, which the BRICs helped shorten by contributing about half of the international expansion since 2007. Citigroup’s surprise index, which measures how much data miss predictions, is

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S&P Says India May Be First in BRIC to Lose Investment Grade – Bloomberg 06-11-12

  Salient to Investors: Indian GDP rose the least in nine years last quarter. Standard & Poor’s said slowing growth and political roadblocks to economic policy risks India becoming the first BRIC to lose investment-grade credit rating – economy in much better shape than earlier, especially the early 1990s, with $250 billion in foreign-exchange reserves and a floating exchange

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