Salient to Investors: Mining companies are extending massive cuts in exploration budgets for a second year, setting up the next price boom as China continues its relentless pursuit of metals and energy. Daniel Sacks at Investec Asset Mgmt said companies are smart by cutting back on exploration as it is
READ MORE... →Salient to Investors: Terry Sandven at US Bank Wealth Mgmt expects a period of consolidation in a sideways trending market with earnings front and center. 62 percent of 52 S&P 500 Index companies so far reporting Q4 results have exceeded estimates, and 63 percent have exceeded revenue estimates. Analysts predict
READ MORE... →Salient to Investors: Jim Rogers writes: The 3 largest components of India’s huge balance of trade deficit are oil, gold and cooking oil. They cannot do anything about oil or cooking oil, so are blaming their problems on gold, which is only a symptom of their problems. Read the full
READ MORE... →Salient to Investors: Jim Rogers writes: The Japanese Central Bank said it will print unlimited amounts of money, is doing it, and 20 years from now people will say that is what killed Japan. In the meantime, all the money will go into Japanese shares. Read the full article at http://jimrogers-blog.blogspot.com/2014/01/this-may-destroy-japans-economy-in.html
READ MORE... →Salient to Investors: Jim Rogers writes: The heads of most central banks are all rock stars, but only a phenomenon of the last 20 years as they pump money into the markets. One day people will realize that they have led us down a terrible path. The Fed balance sheet
READ MORE... →Salient to Investors: The World Economic Forum said the widening income inequality poses the most likely threat to the global economy over the next decade. Jennifer Blanke at the Forum said people won’t stand for it. David Cole at Swiss Re said the balkanizing of finance, aversion to migration and
READ MORE... →Salient to Investors: The median economist expects the Fed to reduce bond purchases in $10 billion increments over the next 6 meetings before announcing an end to the program by December. Michael Feroli at JPMorgan Chase said the weather played a big role in the weak jobs report and is
READ MORE... →Salient to Investors: Frederic Tassin at Aviva Investors expects the economic surprise for 2014 to be on the upside, is optimistic on Europe and is finding many opportunities in terms of valuations in equities. The European equity index is at 14.1 x projected earnings versus 15.6 x for the S&P
READ MORE... →Salient to Investors: Zillow expects 5 percent mortgages by year-end and the 10 places where the percentage of monthly income will be pushed furthest above the average are, in order: Stockton, Ca – where the median price of a home will rise 22.8 percent by September. Honolulu, Ha – where
READ MORE... →Salient to Investors: A majority of FOMC participants in December judged that the marginal efficacy of purchases was likely declining as purchases continue and worried about the marginal cost of additional asset purchases arising from risks to financial stability, citing the potential for excessive risk-taking in the financial sector. Michael
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