Salient to Investors: The MSCI Emerging Markets Index is up 22 percent since its October 2011 low versus the 33 percent advance for the MSCI World Index – the first time since 1998 they have underperformed during a global rally. Bulls say emerging markets will lead the next stage of the global rally
READ MORE... →Salient to Investors: China’s swap market is signaling interest-rate increases for the first time since 2011 after inflation accelerated to a 10-month high and the housing market defied government-cooling efforts. Hedge funds are making the biggest bet against copper on record. Edward Meir at INTL FCStone said China’s growth story remains intact, but
READ MORE... →Salient to Investors: A. Gary Shilling at A. Gary Shilling & Co writes: The current fiscal and monetary offsets to the powerful deflationary forces are temporary. When deleveraging ends and normal economic growth resumes, the Fed will be forced to eliminate the huge excess reserves. General price deflation is the likeliest
READ MORE... →Salient to Investors: Lee Sang Jae at Hyundai Securities said South Korea and Japan are in a competing relationship, not a complementary one. Read the full article at http://www.bloomberg.com/news/2013-03-24/south-korea-escalates-concern-with-japan-policies-as-yen-slides.html Click here to receive free and immediate email alerts of the latest forecasts.
READ MORE... →Salient to Investors: Deutsche Bank said Hong Kong prices could fall as much as 20 percent over the next 2 years after lenders raised home loan rates. Buggle Lau at Midland Holdings said the pile of measures plus higher interest rates will be a big challenge for the market – as many as
READ MORE... →Salient to Investors: University of St. Gallen economists found that nations that pushed the EU to probe China for product dumping later secured greater trade with her. Lead author Simon J. Evenett said in the last decade, France and Germany made 51 protests, and Italy 41. Trade missions and visits by government ministers to China boosted exports. Michael
READ MORE... →Salient to Investors: Economic data disproves the claim that the US national debt is hurting the economy. Economists across the political spectrum dispute the Rogoff-Reinhart conclusion that countries with debt loads greater than 90 percent of GDP grow more slowly. With borrowing costs near record lows, the cost of paying off the national
READ MORE... →Salient to Investors: Joseph Brusuelas at Bloomberg said Americans are growing more confident about their own financial and economic situations. The sentiment gauge for those making less than $15,000 a year reached its highest level since December 2007. Read the full article at http://www.bloomberg.com/news/2013-03-21/americans-view-on-economic-outlook-climbs-to-three-month-high.html Click here to receive free and immediate email
READ MORE... →Salient to Investors: Eric Thorne at Bryn Mawr Trust said we have not seen any major resolution to Europe, yet stocks ignore what’s going on there and reach all-time highs anyway. LEELAMARCUM.COM/IMAGES/ Witold Bahrke at PFA Pension A/S said Europe is in desperate need for growth, but today’s bad PMI is signaling a
READ MORE... →Salient to Investors: Addison Armstrong at Tradition Energy said the German PMI data is clearly bearish for the oil market because if the Germans are not making things, where is European demand going to come from? Michael Lynch at Strategic Energy & Economic Research said Cyprus is an example of what ails the
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