Salient to Investors: Alan Krueger of the White House Council of Economic Advisers said the falling jobless rate shows the economy is continuing to heal. Alan Abramowitz at Emory University said the unemployment drop to under 8 percent is symbolically important to voters and dominate news coverage for several days and blunt Romney’s debate
READ MORE... →Salient to Investors: Douglas Cote at ING said the recent coordinated global monetary stimulus is showing up in employment, manufacturing, services and consumer sentiment going from weakening to strengthening. Philip Orlando at Federated Investors expects Draghi to keep his foot off the accelerator. Analysts forecast an end to coal’s longest slump in seven
READ MORE... →Salient to Investors: Paul Krugman of Princeton University said: The US and EU are nowhere close to ending the financial crisis and German-led austerity efforts may lead to a 1930s-style economic depression. The US needs maximum help from the Fed and another round of stimulus -which should be directed to distressed individuals
READ MORE... →Salient to Investors: Laurence D. Fink at BlackRock says: Investors should get out of cash and low-yielding bonds and buy high-quality stocks, ETFs and higher-income products. The economy is a year away from being more robust. The US banking system is far better than others, while housing crisis is 90 percent behind us. Chris Leavy at BlackRock said equities
READ MORE... →Salient to Investors: Prices to buy and rent houses and apartments in Rio’s top neighborhoods have risen six-fold in the past decade – as expensive as New York and Paris. On discovery of vast deep-water oil deposits in 2008; on hosting the 2016 Olympic Games; on a surge in world demand for Brazil’s commodities. The
READ MORE... →Salient to Investors: Peter Hooper at Deutsche Bank said it’s clear the stock market is the most important transmission mechanism of monetary policy – the stock market will have to carry the load. Hooper says the Fed will stick with the bond-buying strategy through next year, and end up buying $800 billion of Treasuries
READ MORE... →Salient to Investors: James Paulsen at Wells Capital Mgmt said recovering manufacturing will significantly reduce recession fears, while fears regarding the euro zone have been diminishing in recent months. mutual loan Richard Sichel at Philadelphia Trust said people should focus on economic news – equities end up being the investment of choice. Barron’s reported
READ MORE... →Salient to Investors: Michael Feroli at JPMorgan Chase said the moderately expanding economy should keep overall manufacturing growing, but it’s hard to see material acceleration going forward. Dirk Chlench at Landesbank Baden-Wuerttemberg said US manufacturing looks surprisingly good against a weak China and EU area and the fiscal cliff. Read the full article at http://www.bloomberg.com/news/2012-10-01/ism-index-of-u-s-manufacturing-increased-to-51-5-in-september.html
READ MORE... →Salient to Investors: Nigel Gault and Paul Edelstein at IHS Global Insight expects payroll growth won’t be enough to reduce the unemployment rate. Doug Roberts at Channel Capital Research said most of the rally is being driven by QE. Wasif Latif at USAA Investments said Spain will need to accept the offer from the ECB. bad
READ MORE... →Salient to Investors: Ethan Harris at Bank of America Merrill Lynch said central bank actions have clearly been a major factor in the market rally. Larry Kantor at Barclays said a modestly growing economy with depressed cyclically sensitive sectors is a relatively stable and safe environment, and when combined with a central bank
READ MORE... →