Salient to Investors: Hedge funds et al pushed wagers that bet the yen will fall versus the dollar to the highest since July 2007, versus the median of over 50 analysts who see the yen as flat through Q1, 2014. Brad Bechtel at Faros Trading said everybody likes dollar-yen higher.
READ MORE... →Salient to Investors: Gold shipments to China from Hong Kong rose in October to the second-highest on record, while purchases in the first 10 months of 2013 were more than doubling a year earlier. The World Gold Council said China is on course to overtake India as the world’s biggest
READ MORE... →Salient to Investors: Ken Fisher at Fisher Investments said: Ending QE would be the most bullish thing we can do because it is not a stimulus – it flattens the yield curve and slows things down. We are doing well despite QE, not because of it. Historically, a steeper yield
READ MORE... →Salient to Investors: Jim Rogers at Rogers Holdings said: Likes what China said at its third plenum meeting. The one overriding point that the market is going to make the final decision is contrary to what is happening in the US, which is why the world is moving to Asia. America
READ MORE... →Salient to Investors: Jeremy Grantham at BMO writes: The Greenspan-Bernanke policy of excessive stimulus, now administered by Yellen, will continue, and that the path of least resistance, for the market is up. It would take a severe economic shock to outweigh the effect of the Fed’s relentless pumping of the
READ MORE... →Salient to Investors: Bloomberg New Energy Finance says peak fossil fuels demand could happen in 2030 – the point when humans stop increasing their annual burn, either because the environmental danger makes it too costly or because buildings and cars run more efficiently. Oil and coal companies worth more than
READ MORE... →Salient to Investors: Jim Rogers said: The most important economic event of the next 10 to 20 years is what happened in Beijing, though largely ignored, particularly by the Western media. Current efforts to reform, if followed through, could take a generation to really bear fruit but Chinese agriculture, railroads,
READ MORE... →Salient to Investors: College lectures join a growing pool of web-based goods and services being given away that are transforming the lives of consumers. Erik Brynjolfsson at MIT said GDP only tracks things people buy so underestimates the very promising progress made by the US economy in virtual goods, so
READ MORE... →Salient to Investors: Laurence D. Fink at BlackRock said: Stocks may decline as much as 15 percent because of political risks in China, Japan, France and the US. Stocks may return more than 7 percent in the long-term, assuming the global economy expands at 4 percent Investors already invested 100
READ MORE... →Salient to Investors: Jim Rogers said that for the first time in recorded history all major central banks are insanely printing a lot of money, trying to debase their currencies. The world is floating on a huge artificial sea of liquidity, and when it dries up, we will all pay
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