Salient to Investors: Continued stimulus on cooling global growth led by weakening in developing nations amid stagnant inflation and job growth in much of the industrial world risks inflating asset bubbles central bankers will have to face later. Talk of unsustainable home-price increases is spreading from Germany to New Zealand,
READ MORE... →Salient to Investors: The median estimates of the 10 most-accurate precious metals analysts tracked by Bloomberg over the past 2 years predicts gold will drop to an average $1,250 in Q4 2013, $1,225 in Q1 2014, $1,195 in Q2 2014, and a 4-year low of $1,175 in Q3 2014 due
READ MORE... →Salient to Investors: The IMF said: Advanced economies are gradually strengthening while growth in emerging-market economies has slowed. The effects of any failure to repay US debt would be felt right away, leading to potentially major disruptions in financial markets, both in the US and abroad, though this has a
READ MORE... →Salient to Investors: Warren Buffett said: Congress will resolve the US debt ceiling stalemate before it seriously harms the country. One second beyond the debt limit would not do us in, but if it goes a year beyond, that would be unbelievable. US government bonds carry ‘the full faith and
READ MORE... →Salient to Investors: John C. Bluedorn, Joerg Decressin and Marco E. Terrones at the IMF said: Slumping asset prices show a recession is probably on its way for the G-7 economies as declining asset prices are significantly associated with the beginning of an economic contraction. From 1970 to 2011, stocks
READ MORE... →Salient to Investors: Richard Titherington at JP Morgan Asset Mgmt said: Everyone assumes the US debt default will be averted, but it illustrates that these are uncertain times. Emerging markets are cheap for a reason because in the last 12-24 months they disappointed and there were better returns from the US
READ MORE... →Salient to Investors: The ISM non-manufacturing index dropped to a 3-month low in September, below the lowest forecast in a Bloomberg survey of economists. Anthony Nieves at ISM said growth is continuing and manufacturing may very well pull services along. Lindsey Piegza at Sterne Agee & Lynch said underlying momentum
READ MORE... →Salient to Investors: The International Programme on the State of the Ocean said the health of the oceans is deteriorating even faster than had previously thought, and says conditions are ripe for the sort of mass extinction event that has afflicted them in the past. IPSO said the oceans have
READ MORE... →Salient to Investors: Christine Lagarde at the IMF said failure to raise the US debt ceiling is a far worse threat to the global economy than the shutdown. Lagarde said the global economic outlook is subdued, but the US and eurozone are picking up steam, and Japan is improving, though
READ MORE... →Salient to Investors: Vincent Reinhart at Morgan Stanley said: The US economy is on the verge of taking off even as the federal government shuts down. citing a pickup among leading indicators including the ISM factory index and homebuilder confidence. The economy’s resiliency in the face of broad federal spending
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