Salient to Investors: Jim Rogers Says: The Age of Wall Street – which drove 25% of the US economy – is over. Tomorrow’s economy will be driven by food, energy, real goods, people who make real things. In 1958 we produced 500 MBAs, we now produce 200,000 every year. More
READ MORE... →Salient to Investors: Banco de Mexico Governor Agustin Carstens said: A perfect storm may be forming as risk appetite has returned and the search for yield is in full force: concerns of asset-price bubbles fed by credit booms are starting to appear. Japan is actively pursuing a depreciating real exchange
READ MORE... →Salient to Investors: US interest-rate swap levels at their highest in 4 months relative to T-yields suggests investors are seeking refuge in government bonds. Ali Jalai at Scotiabank said it is definitely not time to short Treasuries because thinking that the Fed is going to tighten is just silly because
READ MORE... →Salient to Investors: Anshu Jain at Deutsche Bank lauded Germany’s pro-austerity policies and the ECB’s commitment to limitless bond purchases as catalysts for bringing the euro past the acute stage of the crisis. Jain said implied default probabilities in Italy and Spain are as high as 20 percent and still a worry.
READ MORE... →Salient to Investors: Climbing home prices are lifting household wealth and boosting the purchasing power of consumers. Declining mortgage delinquencies and foreclosures are giving banks greater leeway to lend. Rising property-tax revenue is alleviating pressure on state and local governments to cut budgets. Mark Zandi at Moody’s Analytics said the housing
READ MORE... →Salient to Investors: JPMorgan Chase Private Bank put individuals and families with more than $5 million into a partnership that bought over 5,000 single family homes to rent in Florida, Arizona, Nevada and California. David Lyon at JPMorgan said investors can expect returns of up to 8 percent annually from rental income as well
READ MORE... →Salient to Investors: The NIESR said: Britain will grow more slowly in 2013 than previously forecast and stagnation may persist: 0.7 percent in 2013 and 1.5 percent in 2014. Britain is in its slowest post-recession recovery in 100 years and GDP won’t regain its previous peak until 2015. Net debt will
READ MORE... →Salient to Investors: Goldman Sachs has been hired by the Russian government to burnish the nation’s image overseas and attract more institutional investors. Sergei Arsenyev at Goldman Sachs said valuations in Russia remain very attractive. Goldman Sachs has struggled to build a business in Russia. Lloyd Blankfein at Goldman Sachs said the world’s premier financial centers
READ MORE... →Salient to Investors: The MSCI World Index rose 5 percent in January, the most since 1994, on individual investor inflows, US profits, interest rates at record lows, and improving growth from Europe to China. The Index rose 6.4 percent at the start of 1994, and GDP increased 7.7 percent that year, and rose
READ MORE... →Salient to Investors: Indonesian lenders are the most profitable among the 20 biggest economies with average return on equity is 23 percent for the country’s five biggest banks, versus 21 percent for Chinese banks of the same size, 20 percent for Canadian banks, and 9 percent for US banks. Indonesian banks are
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