Salient to Investors: William Pesek predicts the Asia-Pacific Economic Cooperation summit will end in disappointment. The paucity of accomplishments over the last two decades shows it to be too disparate economically, geographically and ideologically. Brunei, Chile, Russia, the U.S. and Vietnam share a widening income gap Read the full article at http://www.bloomberg.com/news/2012-09-03/cheesy-group-photos-symbolize-economic-paralysis.html
READ MORE... →Salient to Investors: South Africa’s mine violence is the worst since the end of apartheid in 1994 caused by one of the world’s biggest wealth gaps – worse than Honduras and the Central African Republic. 60 percent of black South Africans live in poverty and 28 percent are jobless. Professor Dirk Kotze at the
READ MORE... →Salient to Investors: Moody’s cut the EU’s outlook to negative on risks to Germany, France, the U.K. and the Netherlands from the euro-area debt crisis. It sees deterioration in the creditworthiness of EU member states and a weakening of the commitment of the member states to the EU. Read the full article
READ MORE... →Salient to Investors: John De Clue at U.S. Bank Wealth Management said Europe continues to weaken. Stephen Wood at Russell Investments said the Fed is showing high sensitivity to the labor market. Brian Peery at Hennessy Funds said it doesn’t take much to push the market toward the negative side Read the full article
READ MORE... →Salient to Investors: Professor Robert Gordon at Northwestern University said: The U.S.’s best 250 years are behind it as economic growth may gradually sputter out, contradicting the nearly universal view promoted by Robert Solow and others that economic growth is a continuous process that will persist forever. Future growth in GDP per capita
READ MORE... →Salient to Investors: Berkshire Hathaway has been drastically reducing his exposure to stocks that depend on consumer purchasing habits, including Johnson & Johnson and Intel. John Paulson in Q2 2012 dumped 14 million shares of JPMorgan Chase, his fund’s entire position in Family Dollar and Sara Lee. George Soros recently sold
READ MORE... →Salient to Investors: Ruy Teixeira at the Center for American Progress said ethnic groups historically vote in clusters and this favors President Obama mightily. The American minority population surprisingly grew by 30 percent over the last decade versus 1 percent for whites – up 3 percent alone since 2008. Read the transcript
READ MORE... →Salient to Investors: Reports from three of Asia’s four largest economies signal the jump in commodity prices has not yet constrained the consideration of further monetary stimulus. Satoshi Osanai at Daiwa Institute of Research said inflation is not yet a major issue for Asian central bankers – Asia and emerging nations have more room to cut rates or ease.
READ MORE... →Salient to Investors: Koji Toda at Resona Bank said money that risk money that fled Europe’s debt crisis is gradually returning to places where there is policy optimism. Tim Leung at IG Investment said China’s economic momentum is slowing – the market expects the Chinese government to help accelerate the economy. Richard Fisher at Federal Reserve Bank
READ MORE... →Salient to Investors: Stephen Stanley at Pierpont Securities said what’s going on around the world is not make or break for the U.S. recovery. Read the full article at http://www.bloomberg.com/news/2012-08-09/trade-deficit-in-the-u-s-narrowed-more-than-forecast-in-june.html
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