Salient to Investors: Fareed Zakaria said: Canada has more immigrants, more foreign-born citizens than the US. Since 1990, mortality rates of children under five have been cut in half. Most books on entrepreneurship are useless. The top 5 countries that account for half of the under-5 deaths are India, Nigeria,
READ MORE... →Salient to Investors: Investors still believe that whenever stocks and risk assets fall, the authorities will act to limit the losses to ensure they don’t take economies down with them. Hans Redeker et al at Morgan Stanley said comments last week by Bullard and Haldane left markets with the impression
READ MORE... →Salient to Investors: Zhu Haibin at JPMorgan Chase said the lack of good unemployment data is the main reason why China still focuses so much on GDP, and since China is more concerned about employment and inflation, it refrains from big stimulus. Zhu said China’s current registered unemployment rate is
READ MORE... →Salient to Investors: Cash transactions accounted for 24% versus 33% a year ago. Investors, 63% of whom paid cash, were 14% of the market last month versus 19% in September 2013. Foreclosures and short sales were 10% of the total. First-time buyers accounted for 29% versus the historical average of 40%. The average
READ MORE... →Salient to Investors: Justin Haque at Hobart Capital Markets said the ECB was slow to start and it is still not US-style QE, but they are trying to talk up the market – the appetite to short is now sated, so why not run long with the ECB? Read the full article
READ MORE... →Salient to Investors: Paul Tudor Jones at Tudor Investment Corp is believed to have said: US stocks will outperform other equity markets for the rest of 2014. The bubble in global credit will burst one day. If we maintain the status quo on QE, we will end up like Greece
READ MORE... →Salient to Investors: The Fed misses those who are employed who are overqualified for their job or would like to work more hours, so the significant under-utilization of labor resources is probably even more severe than currently estimated. Michelle Meyer at Bank of America said we have more slack than
READ MORE... →Salient to Investors: Eric Zoldan at JHS Capital Advisors said that over the last two weeks, it is much clearer that while money is flowing out of all asset classes, it is not flowing out of the gold market, and that deteriorating global growth and demand is leading investors back to gold.
READ MORE... →Salient to Investors: Fareed Zakaria said: Obama’s Syria policy is destined for failure and almost certain to produce chaos and unintended consequences. Joshua Landis at Syria Comment estimates that non-jihadi groups collectively control only about 5% of Syria. The underlying reason for the violence in Iraq and Syria is a Sunni
READ MORE... →Salient to Investors: Harry Tchilinguirian at BNP Paribas estimates that Brent will be supported at $80 to $85 a barrel and could rebound to $95 by year-end because it is not in OPEC’s interest to see prices too low for too long. Analysts are split on whether OPEC will cut
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