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: Fareed Zakaria said: Islamic terror is not the isolated behavior of a handful of nihilists but a broader culture that has been complicit in it or at least unwilling to combat it. Zawahiri’s effort to recruit Indian Muslims will fail. The Arab world produces fanaticism and jihad
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... →Salient to Investors: Governments from Singapore to Dubai to Hong Kong are moving to cool overheated property markets and avert property bubbles. discovered Switzerland is having its biggest property boom in two decades, with prices pushed higher by the influx of 50,000 people a year. The UBS Swiss Real Estate Bubble Index remained in
READ MORE... →Salient to Investors: Daniel Kalt at UBS said Switzerland’s residential-property boom is the biggest risk facing its economy, and the situation will continue for one to three years. Read the full article at http://www.bloomberg.com/news/2012-12-12/swiss-property-boom-is-biggest-risk-for-the-economy-ubs-says.html
READ MORE... →Salient to Investors: Stephanie Schmitt-Grohe and Martin Uribe at the National Bureau of Economic Research said the solution to an economic slump is higher interest rates when the cause of that slump is a confidence shock that cheap borrowing costs are failing to reverse, and ultra-easy monetary policy risks making fears of deflation a self-fulfilling
READ MORE... →Salient to Investors: The UBS Swiss Real Estate Bubble Index entered the risk zone for the first time since 1991. Matthias Holzhey and Claudio Saputelli at UBS said: Population growth continues to favor price increases, but prices are increasingly being supported by investment demand and by low interest rates, Continued strong increase in
READ MORE... →