Salient to Investors: Cass R. Sunstein at Harvard writes: Comparative research on intergenerational mobility raises legitimate questions about the claim that the US stands out as a land of opportunity. A 2006 study found that in intergenerational mobility, the US lagged behind Nordic nations as well as the UK. For example, Danish men born
READ MORE... →Salient to Investors: William Pesek writes: China is very susceptible to Japanization, and only bold and creative action can avoid it. However, for every pledge to cut excess production capacity, audit government borrowings and tolerate sub-8 percent growth, two others assure markets that growth won’t be allowed to slow too much. Japan
READ MORE... →Salient to Investors: Jeremy Grantham said: The biggest issue we face is deterioration of the environment, particularly climate damage. In the US, the biggest problem is coal and tar sands. If we burn half or more of the coal and tar sands in two areas in North America, there is
READ MORE... →Salient to Investors: Caroline Baum writes: Obama is great when it comes to platitudes but less adept at outlining the policies needed to achieve those goals. Robert Litan at Bloomberg Government said Obama would like all employers to pay efficiency wages, but does not have an executive order to do that. It is individuals
READ MORE... →Salient to Investors: Jim Rogers says every major central bank is printing money and 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://blogjimrogers.blogspot.com/2013/08/the-world-is-floating-on-very-large.html Click here to receive free and immediate email alerts of the latest
READ MORE... →Salient to Investors: William Pesek writes: The nightmare for Japan is that it took Abe this long to step in to help Tokyo Electric Power to deal with tons of radioactive groundwater spilling into the Pacific Ocean. Most people still have no idea how close we came to losing Tokyo in
READ MORE... →Salient to Investors: US Treasury notes and bonds due in a decade or more fell 13 percent in the period, the biggest loss of 174 debt indexes tracked by Bloomberg and the EFFAS. The Citigroup Economic Surprise Index climbed to the highest level since December 31 2012. Kei Katayama at
READ MORE... →Salient to Investors: DataQuick said home sales priced at over $1 million rose an average of 37 percent in half1, 2013 from a year earlier to the highest level since 2007, and versus 11 percent for houses priced under $1 million. Susan Wachter at Wharton said wealthy purchasers are diving into real estate a
READ MORE... →Salient to Investors: Simon Johnson at MIT Sloan writes: Optimists say Europe is on the mend – the ECB is maintaining stimulus, Germany’s export potential remains large, France will continue to be a haven for investors, while struggling countries such as Greece and Portugal represent less than 1/10 th of the euro area’s economic output and population. However Italy
READ MORE... →Salient to Investors: Zeng Xianzhao at Everbright Securities said investors are getting mixed signals on the property market and the uncertainty over real-estate policies is dragging the industry lower which in turn is pulling the main index down. Zeng said there is still uncertainty about the strength of the economy. Rhee Chang Yong
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