Salient to Investors: Home Depot Q3 profit topped analysts’ estimates. The US housing market is healing, with new-home sales rising to the fastest pace in two years and construction starting at the fastest rate in four years. Americans’ real estate holdings have risen in value for two straight quarters. CoreLogic said over
READ MORE... →Salient to Investors: Hispanics are the fastest growing component of America’s workforce, yet over 80 percent of Latinos ages 25 and older don’t have a bachelor’s degree, and the unemployment rate for Hispanics was 10 percent in October versus 7.9 percent nationally. The National Center for Education Statistics says 14 percent of Hispanics ages
READ MORE... →Salient to Investors: Marc Faber of The Gloom Boom and Doom Report says 200 million people in SE Asia will be linked by road and rail and the region can easily grow 6-7 % per annum for the next 10 years. Faber’s concern in Asia is the political development – the military will
READ MORE... →Salient to Investors: Older people are growing and are more likely to forgo purchases of houses, cars and other big-ticket items that the Fed is trying to encourage with near-zero interest rates. William C. Dudley at FRB of New York said spending by older age people is less likely to be easily stimulated by
READ MORE... →Salient to Investors: IEA Chief Economist Fatih Birol said: The U.S. will be the largest oil producer of the world around 2017, the largest producer for about five years starting about 2020, after which Saudi Arabia will become the biggest producer again by 2030. US oil imports will drop to 4 million
READ MORE... →Salient to Investors: Zhu Haibin at JPMorgan Chase said the data support the view that the economic rebound will be mild this quarter, and the current relatively accommodative monetary policy is unlikely to be loosened further. Dariusz Kowalczyk at Credit Agricole CIB said the year-over-year increase in aggregate financing suggests enough funds to ensure implementation of stimulus
READ MORE... →Salient to Investors: The Mexican peso has gone from the world’s strongest major currency to the weakest amid growing investor concern US demand will diminish. X-Trade Brokers Dom Maklerski expects another 3.9 percent depreciation by September and Bank of Nova Scotia recommends selling the peso. Futures traders are cutting bullish bets at
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
READ MORE... →Salient to Investors: European companies most dependent on revenue from Spain, Italy, Greece and Portugal are rising in the stock market at the fastest pace in five years, providing chances for short sellers after two earlier rallies fizzled. Bears cite Spanish unemployment surging to a record, austerity measures pushing Italy into
READ MORE... →Salient to Investors: The IEA says natural gas will overtake oil as the most-used fuel in the US by 2030. Unconventional gas, extracted from shale and coal beds etc, will account for almost half of the increase in global output of the fuel by 2035. US production will rise 23 percent
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