Salient to Investors: Kevin Adams at Henderson Global Investors said his biggest worry is that central banks will lose their credibility, and that the Fed will lose the faith of investors. The International Monetary Fund lowered its forecasts for China’s growth to 7.75 percent in 2103 and 2014. Read the full article at http://www.bloomberg.com/news/2013-05-29/european-stock-index-futures-decline-after-two-day-rally.html Click here to
READ MORE... →Salient to Investors: Bloomberg Editors write: 59 percent of Greeks, 56 percent of Spaniards, and 38 percent of Italians and Portuguese ages 16-24 were unemployed in March 2013. It is already clear that Europe’s “New Deal for Europe,” is no “New Deal”. The scale is still too small as millions
READ MORE... →Salient to Investors: David Lipton at the IMF said: IMF lowered its forecast for China’s growth to 7.75 percent in 2013 and 2014 Decisive policy changes would put the economy on a more sustainable path. The record expansion of credit is concerning, and China has significant but narrowing policy space and financial capacity to
READ MORE... →Salient to Investors: Most analysts say OPEC needs to conform better with the limit to keep supply from overwhelming demand. Societe Generale says the necessary reduction could be substantial. The Centre for Global Energy Studies says prices may tumble without output curbs. OPEC accounts for 40 percent of global oil supply. Seth
READ MORE... →Salient to Investors: Fareed Zakaria writes: Bret Stephens at the Wall Street Journal says Americans are about to repeat the lessons of the 1930s, when isolationism led to Hitler and WWII. Yet America spends more on defense than the next 10 great powers put together. Obama’s worldview is rooted in
READ MORE... →Salient to Investors: A panel of academics and executives said if Japan fails to show concrete success in fiscal reform, the large bond purchases by the BoJ over the next 2 years could be seen as debt monetization, causing a sharp spike in yields and weakening the effect of monetary easing. The
READ MORE... →Salient to Investors: Money managers cut their net-long position of futures and options to the lowest since July 2007, while holdings of short contracts rose to a record. Dan Denbow, a fund manager at the $1 billion USAA Precious Metals & Minerals Fund said gold has so many drivers that it gets
READ MORE... →Salient to Investors: Fareed Zakaria said: The data is increasingly convincing that the Keynesians have been right, cutting spending in the kind of recession we have gone through will only hurt growth not help it. But spending on its own is not enough. For sustained growth in the long-term, countries
READ MORE... →Salient to Investors: Nobel laureate Joseph Stiglitz said it is premature for the Fed to reduce monetary stimulus despite little evidence it has helped the economy, which is not back to normal. Stiglitz said the stimulus may have contributed to asset price bubbles and to a weaker dollar. Zhu Min at the
READ MORE... →Salient to Investors: 12 analysts expect gold prices to rise next week, 9 fall and 8 neutral, the highest proportion of bulls since April 26. Wolfgang Wrzesniok-Rossbach at Degussa Goldhandel said gold purchases outpaced sales by 9 to 1 versus 4 to 1 in Q1. Daniel Briesemann at Commerzbank said gold should
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