Salient to Investors: Global monetary-policy makers are trying to stem the steepest global slowdown since the recession ended in 2009. Predictions: David Hensley of JPMorgan Chase expects global growth of 1.7 percent this quarter and 2 percent next, as weak as anything in the past two decades outside the Great Recession. Expects the Fed to keep benchmark rate at
READ MORE... →Salient to Investors: History may be repeating itself. Historians take a longer and bleaker view on a Euro Zone breakup than economists. In both cases, the founding generation was dying out as crisis hit and disintegration loomed. Ruble zone breakup was led to runaway deficits and hyperinflation and every Soviet state
READ MORE... →Salient to Investors: Obama cannot afford a European financial meltdown. In 2008, Merkel rejected Obama’s request to speak at Brandenburg Gate. Obama has courted Merkel since, but the European Centre for International Political Economy said Germany is tired sick of the complaining and lecturing from Obama and Geithner. American Academy said helping Obama is not a Merkel priority
READ MORE... →Salient to Investors: Article lists Bloomberg’s survey of economist estimates of the U.S. trade gap. Predictions: Credit Suisse said trade is not going to be a big swing factor for U.S. economic growth because the world is slowing down. Read the full article at http://www.bloomberg.com/news/2012-06-08/trade-gap-in-u-s-probably-shrank-on-cheaper-crude-oil-imports.html
READ MORE... →Salient to Investors: National Securities Corp said that a Chinese stimulus package will turnaround copper prices. Hedge funds and speculators remain bearish on copper. Predictions: IMF is predicting EU GDP will fall 0.3 percent in 2012. Goldman Sachs sees copper at $9,000 in three months. Morgan Stanley sees a 130,000-ton shortage for copper supplies in 2012
READ MORE... →