Salient to Investors: Wall Street’s biggest firms are predicting intensifying bond losses in emerging markets, where borrowing costs have already soared to the highest in more than 4 years versus US corporate debt. Jeffrey Rosenberg at BlackRock is not convinced we have seen the worst in terms of flows out
READ MORE... →Salient to Investors: Mao Sheng at Huaxi Securities said investors are getting more confident about the economic data and stocks will be steadily rising for the rest of the year. Xu Gao at Everbright Securities said we are clearly seeing stronger external demand momentum as manufacturing in the US and
READ MORE... →Salient to Investors: Fareed Zakaria said: The US has put its credibility on the line and will find it extremely difficult to keep its actions limited in a volatile situation. Ousting Assad would almost certainly lead to chaos and the ethnic cleansing of the Alawite sect and perhaps of other
READ MORE... →Salient to Investors: Roberto Perli at Cornerstone Macro said the reduced workforce poses a problem for the Fed as the unemployment rate declines faster than the Fed thought, but not for the right reason. If the drop is mainly driven by aging baby boomers retiring then the lower unemployment rate
READ MORE... →Salient to Investors: Albert R. Hunt writes: If Obama wins on Syria, most Republicans who supported him will want to distance on other issues; the party’s base is dominated by Obama haters. A loss would make his presidency appear impotent and damage the US’s global standing. Strategist Tom Davis says if
READ MORE... →Salient to Investors: Terry Sandven at US Bank Wealth Mgmt sees clear cumulative evidence of economic improvement, and expects the Fed to taper in September. Ron Florance at Wells Fargo Private Bank said unemployment is going in the right direction, just the wrong velocity, so the Fed will still taper,
READ MORE... →Salient to Investors: Fan Jianping at the State Information Center said China may cut its growth target to 7 percent for 2014, although the actual rate will be higher, and said China should stick to its annual goal of 7 percent set in the 7-year plan. Fan said the economy
READ MORE... →Salient to Investors: Joshua Shapiro at Maria Fiorini Ramirez said today’s jobs numbers are soggy and at odds with other data that shows things are OK. Shapiro said recent reports show pockets of strength as well as pockets of weakness in the economy. The participation rate decreased to 63.2 percent, the
READ MORE... →Salient to Investors: Leaked UN documents show ice in Antarctica and Greenland is disappearing faster and may drive sea levels higher than predicted this century. Greenland’s ice added 6 times more to sea levels in the decade through 2011 than in the previous 10 years, while Antarctica had a 5-fold increase. Walt
READ MORE... →Salient to Investors: Michael Gurka at Spectrum Asset Mgmt says the market should be considerably lower. The first clue is market resistance at the 3% yield. Gurka sees a lot of overlaps with the 1987 crisis, while today’s jobs number does not make sense and shows what a tangled web we
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