Salient to Investors: Jason Schenker at Prestige Economics sees positive growth signals, says the trade number signals Q2 GDP will be revised higher. Guy Wolf at Marex Spectron said for the market all that matters is the prospect of central bank monetary stimulus, so soft growth data, without inflationary pressure, is a green light for central
READ MORE... →Salient to Investors: Michael Woolfolk at Bank of New York Mellon Corp said the market is already very short euros and overly long dollars, so expects reversion to a more neutral basis. Peter Gorra of BNP Paribas said the European debt crisis will be solved sooner than people think. Geoffrey Yu at UBS said many people are resigned
READ MORE... →Salient to Investors: Fareed Zakaria said: Max Weber singled out China and Japan as cultures particularly prone to poverty and stagnation, but were the world’s fastest-growing two large economies over the past five decades. Another powerhouse, India, was once seen as having a culture totally incompatible with economic success. China was stagnant for centuries. What changed was their
READ MORE... →Salient to Investors: Brian Jones at Societe Generale said the economy is stuck in a channel of lackluster growth. Read the full article at http://www.bloomberg.com/news/2012-08-03/u-s-july-payrolls-rise-more-than-forecast-unemployment-8-3-.html
READ MORE... →Salient to Investors: Mark Luschini at Janney Montgomery Scott said the decent jobs report is not enough for the Fed to act imminently yet not so good that the Fed could still act. Michael Shaoul of Marketfield Asset Management said the jobs report allows people to continue to be patient with the domestic economy,
READ MORE... →Salient to Investors: Mohamed El-Erian at PIMCO sais the economy is healing gradually. Hedge-fund managers et al reversed from net-short to net-long in 10-year note futures for the week ending July 31. Gary Madich at J.P. Morgan Asset Management said the jobs number shows we are not going into a recession or Armageddon. Fed Bank of Richmond
READ MORE... →Salient to Investors: Drew Matus at UBS Securities said the July employment report is reasonably consistent with moderate growth, but doesn’t change the outlook for further Fed easing on Sept. 12-13. Read the full article at http://www.bloomberg.com/news/2012-08-04/payroll-gains-exceeding-forecasts-signal-sustained-u-s-growth.html
READ MORE... →Salient to Investors: Longest weekly DJIA rally since October, led by tech. Mark Freeman at Westwood Holdings says the market gets disappointed when it falls into the trap of not getting what it expects from the central banks – the fundamentals are what matters and they are doing OK. James McDonald at Northern Trust
READ MORE... →Salient to Investors: The €9 billion Athens Games in 2004 highlighted Greece’s inability to manage its budget. Read the full article at http://www.businessweek.com/articles/2012-08-02/how-the-2004-olympics-triggered-greeces-decline
READ MORE... →Salient to Investors: Paul Krugman at Princeton: US economy is terrible with 4 million out of work for over a year, causing devastation to families and damaging to the economy’s long-term future because its harder for them ever to re-enter the workforce. The whole private sector is paying down debt, and if everyone tries to do
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