Salient to Investors: Fareed Zakaria writes: New studies suggest that American innovation is in trouble and that the glittering examples of Facebook et al are deceptive. We are eating the seed corn and not laying the groundwork for the next great tech revolutions. Silicon Valley’s roots are deeply tied to government
READ MORE... →Salient to Investors: HelpAge International said: Norway is the best of 96 countries to grow old in, followed by Sweden, Switzerland, Canada and Germany. Afghanistan is the worst. Australia, Western Europe and North America rank highly. By 2050, 21% of the global population will be over 60, when 40 of the 96
READ MORE... →Salient to Investors: Bengt Hansson at the Swedish National Board of Housing, Building and Planning said: The Swedish housing market is dangerously overvalued – house prices were 25 percent above fair market value in October, apartments even more overvalued. Oceans of easy credit have eroded the Lutheran tradition of always
READ MORE... →Salient to Investors: Housing in Australia accounts for 60 percent of average household wealth versus a global average of 45 percent. Average household debt has been near 150 percent of annual income since 2006 versus 135 percent in the US. House prices have not fallen more than 10 percent in
READ MORE... →Salient to Investors: Fareed Zakaria said: The US has put its credibility on the line and will find it extremely difficult to keep its actions limited in a volatile situation. Ousting Assad would almost certainly lead to chaos and the ethnic cleansing of the Alawite sect and perhaps of other
READ MORE... →Salient to Investors: Caroline Baum writes: C. Fred Bergsten says Sweden combines a social welfare society with a free-market economy and a high degree of government efficiency: nearly two-thirds of Swedes confirm by phone that the tax form prepared for them by authorities is correct. cards use your Michael McDonald
READ MORE... →Salient to Investors: Danish central bank Governor Lars Rohde said world central bankers need to plan for monetary tightening to avoid feeding asset bubbles. Rohde said there is no short-term alternative to global easing, given the state of the real economy. Jacob Graven at Sydbank A/S said it will be the same
READ MORE... →