Salient to Investors: Economists expect China to grow 7.5 percent in Q2 versus 7.7 percent in Q1, while cutting back on stimulus while pushing reforms is expected to lower China’s growth to the 6 percent range. payday loans direct lender instant approval Alaistair Chan at Moody’s Analytics said 2013 is
READ MORE... →Salient to Investors: Matthew C. Klein writes: Glass-Steagall 2 would do nothing to protect us from the devastation we recently experienced. The belief that the 1933 Glass-Steagal Act made the financial system safe and promoted decades of prosperity and that the 2007 crisis would never have happened if G-S had
READ MORE... →Salient to Investors: James Bullard at FRB St. Louis said the Fed should not taper until inflation accelerates toward its 2 percent target, and if inflation were to fall further it would have to rethink its strategy. Bullard says positive indicators include improving real-estate markets, rallying equity markets, a subdued European sovereign debt
READ MORE... →Salient to Investors: Christopher Sullivan at United Nations Federal Credit Union said Bernanke went out of his way to comfort and convince the markets that a reduction in QE is by no means to be regarded as a financial tightening, and that easing remains highly conditional. Fitch cut France’s credit ranking
READ MORE... →Salient to Investors: Marc Chandler at Brown Brothers Harriman said there is one big story and that is, of course, Bernanke, and given that his comments rattled the market a couple of times now in a short period of time, many traders will be loath to take significant positions ahead of his address
READ MORE... →Salient to Investors: Jim Rogers writes: How do you tell China to stop building infrastructure and start consuming? That happened gradually in the US, UK and many other countries historically. No economy or market goes straight up so expect China to have many setbacks. America had a Civil War, several depressions,
READ MORE... →Salient to Investors: Carlos Perez-Santalla at Marex North America said Bernanke gave the impression that tapering is currently a distant dream LLC, while today’s data further cements the fact that the economy has not completely recovered. David Govett at Marex Spectron said gold sentiment will now be to the upside, and
READ MORE... →Salient to Investors: Jankiel Santos at Banco Espirito Santo de Investimento said emerging markets will now have to compete for capital with the US, and countries that carried out the necessary adjustments will suffer less, while Brazil will suffer more. Ilan Goldfajn and Caio Megale at Itau expect the Brazil
READ MORE... →Salient to Investors: William Pesek writes: Thailand has 5.3 percent growth, a young and expanding population, and a surprising level of political stability. Yet Thailand has subsidized rice prices, provided handouts to car buyers and favored mega projects that will enrich the politically connected – all at the expense of long-term
READ MORE... →Salient to Investors: Jim O’Neill writes: Too much of the world’s trade and finance is conducted in dollars. The exorbitant privilege has lasted too long. It is time one or two of the emerging-market governments did something about the US’s ability to borrow in its own currency – an advantage the rest
READ MORE... →