Salient to Investors: William Pesek writes: Asia represents more than half the global economy. Softbank founder Masayoshi Son’s $326 million purchase of Tokyo’s landmark Tiffany Building may be a sign Japan’s long-suffering property market is turning around – the success of this investment will be a good barometer. Every scrap
READ MORE... →Salient to Investors: Rick Rieder at BlackRock said the US won’t default on its debt nor suffer any credit-rating downgrade as occurred in 2011. Rieder said that the government understands that the effect of actually defaulting is so profound that they would never take us down that path. Read the
READ MORE... →Salient to Investors: Ethan Harris at Bank of America said: The decline in the jobless rate in August to 7.3 percent was due to Americans giving up on finding work and is forcing the Fed to struggle with how to minimize it as a policy benchmark without damaging their credibility.
READ MORE... →Salient to Investors: Nouriel Roubini at NYU said US banks are even-bigger-to-fail given consolidation. Read the full article at http://drnourielroubini.blogspot.com/2013/09/us-banks-are-even-bigger-to-fail.html Click here to receive free and immediate email alerts of the latest forecasts.
READ MORE... →Salient to Investors: Bank of America Merrill Lynch and Mizuho Securities say the bubble forming in the Japanese government bond market risks further expansion as central bank purchases shield the notes from a global rout. Benchmark 10-year JGB yields were the lowest in the world at 0.67 percent versus 2.65
READ MORE... →Salient to Investors: The Nippon Individual Savings Account program opens for applications tomorrow and will allow individuals to buy $10,143 a year of risk assets – stocks, ETFs and investment trusts – that are exempt from taxes on dividends and capital gains for 5 years. Nomura Research Institute estimates the
READ MORE... →Salient to Investors: Nouriel Roubini at NYU writes: Expect Italian elections in early 2014 but sooner is possible. If there is no solution to Italy’s crisis, the spread will rise to 3 percent in a few days and the calm period for Italian stocks will end. Bank stocks will be
READ MORE... →Salient to Investors: William C. Dudley at FRB of New York said: We need to see continued improvement in the labor market and other good economic news before tapering. The FOMC are committed to not allowing inflation to rise above its 2 percent target by any significant margin because we
READ MORE... →Salient to Investors: Takeshi Fujimaki, who has been predicting an eventual default in Japan since at least 2009, said: A fiscal crisis in Japan is inevitable and neither a higher sales tax nor the 2020 Olympics will be able to stop it. Total debt will continue to increase and Japan
READ MORE... →Salient to Investors: Jim Rogers writes: America, Europe and Japan economies are 10 times bigger than China, so even if China is doing everything right, it will still be affected by what’s happening in the rest of the world. Read the full article at http://blogjimrogers.blogspot.com/2013/09/china-will-be-affected-by-america.html Click here to receive free and immediate
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