Salient to Investors: Thomas Stolper at Goldman Sachs said: The US dollar will weaken through 2014 to $1.40 per euro for the first time since October 2011 and there will be only marginal support from interest rates.” Fed tapering is already priced in and will be offset by the Fed
READ MORE... →Salient to Investors: David Mericle and Jan Hatzius at Goldman Sachs said: US economic weaknesses are more cyclical than secular. US growth will rebound in 2014 to as high as 3.5 percent versus the 2.25 percent average recovery rate so far. The slow rate of recovery is in line with
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: A Bloomberg poll of investors, analysts and traders showed: 40% see the euro-area economy as improving, more than 4 times the number in May 40% see the world economy as strengthening, the most since January 2011. 52% expect stocks to produce the best return over the next
READ MORE... →Salient to Investors: The OECD said: Germany will expand 0.7 percent in 2013 versus 0.4 percent predicted in May France will grow 0.3 percent in 2013 versus shrinking previously predicted of 0.3 percent The UK will grow 1.5 percent in 2013 versus 0.8 percent predicted in May. In the euro area, re-balancing
READ MORE... →Salient to Investors: Hometrack said average house prices in England and Wales were up 1.8 percent from a year earlier, the most since July 2010, adding to evidence of a mini-boom in the housing market, as mortgage approvals reached their highest since 2008. The average time taken to sell a property
READ MORE... →Salient to Investors: Deanne Julius said the UK has reached the escape velocity that BoE Governor Mark Carney said economies need to achieve, and no additional monetary stimulus is warranted. John Gieve said the UK economy has turned a corner after growth accelerated to 0.6 percent in Q2, but is some way from
READ MORE... →Salient to Investors: Vincent Reinhart at Morgan Stanley said investors are the little white lab rabbits in the central bank experiments. Gilles Moec at Deutsche Bank said the potential for the dialog between the central banks and the market to fail is significant. Nathan Sheets et al at Citigroup said the UK
READ MORE... →Salient to Investors: The median forecast for UK growth in Q2 is 0.6 percent versus 0.3 percent in Q1, led by services. A survey of 30 economists expects the UK economy expanded 1.4 percent from a year earlier. Ross Walker at RBS said consumer spending has held up and we
READ MORE... →Salient to Investors: Rightmove said UK home prices will climb 4 percent in 2013 as sellers raised asking prices for a seventh month to a record in July. Miles Shipside at Rightmove said a combination of apparent economic stability internationally and some signs of an economic upturn nationally mean more home movers are willing and able to increase
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