Salient to Investors: The IMF said: European growth will rise to 1.7% in 2016 versus 1.5% in 2015 thanks to falling oil prices, a weaker euro and ECB actions this year. Europe remains vulnerable to shocks that could bring prolonged stagnation, like Greece or a moderate shock to confidence from lower expected
READ MORE... →Salient to Investors: Philip Vermeulen at the ECB said: The top 1 percent of US households owns 35-37 percent of all wealth, higher than the 34 percent finding of the 2010 US Survey of Consumer Finances. Our knowledge of the wealth distribution is imperfect, and very likely underestimates wealth at
READ MORE... →Salient to Investors: Stephanie Schmitt-Grohe and Martin Uribe at the National Bureau of Economic Research said the solution to an economic slump is higher interest rates when the cause of that slump is a confidence shock that cheap borrowing costs are failing to reverse, and ultra-easy monetary policy risks making fears of deflation a self-fulfilling
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