Salient to Investors: Jim Rogers says prices for food, education, insurance, just about everything that we buy are going higher and the government tells us there’s no inflation. Some independent measures say it’s over 6 percent already, and it will go much higher because they keep printing money. Read the full
READ MORE... →Salient to Investors: William Pesek writes: History will judge Abe by what he did, or did not do, to end the worst nuclear crisis since Chernobyl. It’s mind-boggling how disengaged Japan’s leaders have been since the near-meltdown at the Fukushima Dai-Ichi nuclear plant, just 135 miles from Tokyo. Nuclear regulators remain more
READ MORE... →Salient to Investors: Nick Kounis at ABN Amro Bank said the external environment is really getting better, led by signs that US demand is picking up, and Q2 should mark the end of the recession in the euro area, though the recovery will be excruciatingly slow. Evelyn Herrmann at BNP Paribas said
READ MORE... →Salient to Investors: The Euro Stoxx 50 Index is at 12.5 times projected earnings, versus 15.3 times projected earnings for the S&P 500 and 14.2 times income for the Topix. Bulls say European stocks are cheap as the first expansion for euro-area manufacturing in 2 years helps drive forecasts for profit growth of more
READ MORE... →Salient to Investors: Joseph Lupton at JPMorgan Chase is not expecting a boom in Europe, but sees a momentum shift in markets and the world economy, citing a change in perception from no way out of the crisis to seeing growth. Lupton says the euro area is 1/5 of global GDP. Lupton said
READ MORE... →Salient to Investors: Author Chrystia Freeland said Putin is playing the classic authoritarian leader’s playbook and is chiefly concerned with what is good for Putin, not Russia. Julia Ioffe at The New Republic said on the one hand Russia wants to be part of the West and seen as an
READ MORE... →Salient to Investors: Japan’s national debt is larger than the economies of Germany, France and the UK combined, more than twice the size of the economy, and its fiscal deficit will expand to 10.3 percent of GDP in 2013. Moody’s Investors Service warned that a worsening of finances would erode confidence in government bonds. Thomas
READ MORE... →Salient to Investors: Credit Suisse cut reduced its allocation to stocks to neutral from overweight. Michael Strobaek at Credit Suisse said the fundamental environment remains attractive, but the markets are overbought, and the positive economic outlook and further supportive monetary policy are largely priced in, limiting upside in the near-term. Strobaek said the
READ MORE... →Salient to Investors: Jim Rogers writes: Every major central bank printing money and the world is floating on a very large artificial lake. You cannot have an efficient and strong economy with artificial money printing. The next economic slowdown will be worse than 2008-2009. Read the full article at http://jimrogers-blog.blogspot.com/2013/08/every-major-central-bank-is-printing.html
READ MORE... →Salient to Investors: Adam Johnson writes: The drumbeat against China’s ability to grow has been relentless despite more economic data over the past month beating forecasts than has fallen short. China’s retail sales so far in 2013 have risen by almost 13 percent, meeting economist forecasts. The iShares China Large-Cap ETF has fallen
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