Salient to Investors: Ben Bernanke says: Between 1700 and 1970 worker productivity jumped 30 times, and in the last 50 years, life expectancy increased 8 years from 70 to 78, versus 53 years in 1913 when 60-hour work weeks at manufacturing jobs were the norm. In the long-run we will
READ MORE... →Salient to Investors: Pope Francis said: Free market economics had created a tyranny – a cult of money – in which people were valued only by their ability to consume. Life had become worse for people in both rich and poor countries. Poverty was becoming more and more evident. Read
READ MORE... →Salient to Investors: Torbjoern Kjus at DNB ASA said the oil market does not look tight for the coming 5 years, spare capacity will rise, and prices will continue to trend lower. David Lennox at Fat Prophets said all the key players on the demand side basically see muted growth, which
READ MORE... →Salient to Investors: Julia Coronado at BNP Paribas says Q2 growth is going to be slower than Q1 as the sequester and budget cuts restrain, and core inflation starting to decelerate reflects a lack of purchasing power: Coronado said any discussion of Fed reducing QE will be postponed. David Sloan at 4Cast said housing permits suggest
READ MORE... →Salient to Investors: Iceland is 15th in the world in legal gun ownership – 90,000 in a country with just over 300,000 people – yet violent crime is virtually non-existent, with a homicide rate between 1999-2009 never above 1.8 per 100,000 in any year versus between 5.0 and 5.8 in the US,
READ MORE... →Salient to Investors: The OECD said: The gap between rich and poor widened more in the 3 years to 2010 than in the previous 12 years. The richest 10% of society in the 33 OECD countries received 9.5 times that of the poorest in terms of income, versus 9 times in 2007.
READ MORE... →Salient to Investors: Never put too much of your portfolio in a few investments, or in one country or industry. The employee with a significant chunk of his 401(k) in his employer’s stock, or gets his contribution matched in company stock, risks both job and retirement plans if a setback for
READ MORE... →Salient to Investors: Bloomberg Global Poll: International investors are the most bullish on the US and Japanese markets in more than 3.5 years as both economies are seen to be improving. Over 40% will reduce gold exposure over the next 6 months, close to 3 times more than those who
READ MORE... →Salient to Investors: International net selling of long-term US equities, notes and bonds in March was the largest since May 2009 and shows investors were willing to seek higher-yielding assets amid signs of a stronger US economy. Gennadiy Goldberg at TD Securities said the data does not suggest a pronounced global investor
READ MORE... →Salient to Investors: Paul Volcker said US growth is too slow to cut the jobless rate quickly so the unemployment rate may remain above 6 percent for at least another two years. Volcker said the unemployment rate is declining because the labor force is not rising. Read the full article at http://www.bloomberg.com/news/2013-05-15/volcker-says-u-s-jobless-rate-to-remain-above-6-for-two-years.html Click
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