Salient to Investors: Tyler Durden writes: The IMF has admitted Greece has an unsustainable debt problem. French PM Hollande’s sole focus in the Greek crisis was to preserve near-term stability and his job at any cost – he is guaranteed to lose the 2017 French elections. Once the current generation
READ MORE... →Salient to Investors: Fareed Zakaria said: Britain, which created the world we live in, has become parochial and has essentially resigned as a global power: a tragedy for us all. The Royal United Services Institute predicts that the British army could shrink to 50,000, smaller than at any point since the 1770s
READ MORE... →Salient to Investors: The IMF said: The global economy will grow 3.5% in 2015 and 3.7% in 2016. The boost from the sharp fall in oil prices will be more than offset by negative factors, including weaker investment. The euro area recovery will continue at only 1.2% growth in 2015 and 1.4% in 2016.
READ MORE... →Salient to Investors: Fareed Zakaria said: The theory that “we fight them there so we don’t have to fight them here” is still wrong and would commit the US to a fool’s errand for decades. Cherif Kouachi, one of the Paris terrorists, testified that it was American intervention in the Middle East
READ MORE... →Salient to Investors: The OECD said: Widening inequality creates a drag on economic growth that can be counteracted by tax policies to benefit the less well-off. Changes in wages and salaries have been the biggest direct driver of inequality. The earnings of the 10% best-paid workers have risen relative to the
READ MORE... →Salient to Investors: Barclays said 47% of China’s wealthy are planning to move abroad within 5 years, versus 23% in Singapore, 16% in Hong Kong, 20% in Britain, 6% in America and 5% in India. 78% named bettering children’s education and their future job prospects as their main reasons, 73% said a better
READ MORE... →Salient to Investors: 74 percent of 34 analysts expect wage growth to begin to outpace inflation on a sustainable basis in Q2, 2015 or later. Rob Wood at Berenberg Bank said real wages will start to grow in half1 2015 but it will be several years before we get back to
READ MORE... →Salient to Investors: The Social Mobility and Child Poverty Commission found: The UK is deeply elitist and small elites, educated at independent schools and Oxford/Cambridge still dominate top roles 71% of senior judges, 62% of senior armed forces officers, 55% of top civil servants, 50% of the House of Lords,
READ MORE... →Salient to Investors: Currency trading suggests traders are dismissing the prospect of an upset “yes” in the September 18 referendum on Scottish independence. Strategists say the pound’s peaks and troughs in 2014 reflect the prospect of the BOE becoming one of the first major central banks to raise rates. Geoffrey Yu
READ MORE... →Salient to Investors: Economists say a rise in interest rates or falling prices could repeat the record high repossessions of private-landlord homes after the 2008 financial crisis. 1 in 3 economists predict an increase this year in the BOE rate. The BOE’s loan-to-income cap does not apply to buy-to-let, the
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