Salient to Investors: Jim O’Neill said: The US is returning to normality so expect 10-yr T-yields to rise toward 4 percent in the next couple of years as the 30-year bull market in bonds comes to an end. There will be quite ugly days. The global economy is in the early stages of
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: Albert Krespin at Deutsche Bank expects Turkish banking shares to continue their correction in the near-term, and advises switching from banking shares to industrial companies, which offer higher dividends. Dmitry Trembovolsky and Alexey Butylin at Goldman Sachs advised selling Turkish banks last week as earnings will decline and repatriation of money into the US could
READ MORE... →Salient to Investors: Moody’s raisewd Turkey’s credit rating to Ba1, one level below investment grade, on significant improvement in public finances and policies to cut the current-account deficit. Fitch Ratings ranks Turkey at BB+, one level below investment grade, Standard & Poor’s has a BB rating, two levels below investment grade. Moddy’s says Turkey’s diversification
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