Salient to Investors: Caroline Baum writes: Bernanke deserves credit for stabilizing the economy during the financial crisis after failing to identity the implications of the subprime crisis. The US outperformed the rest of the world in large part because of the Fed’s aggressive monetary policies. The Wall Street Journal says
READ MORE... →Salient to Investors: Richard Koo at Nomura Research Institute said: The Fed should start tapering as soon as possible to prevent a premature rise in interest rates under tapering. A December tapering would be beneficial for both Bernanke and Yellen. Bernanke began talking about tapering in May because he wanted
READ MORE... →Salient to Investors: Jim Rogers said that historically, every country in this kind of situation had problems and did not get out of it without a crisis or a semi-crisis Read the full article at http://jimrogersonthemarkets.blogspot.com/2013/12/us-debt-and-lessons-of-history.html Click here to receive free and immediate email alerts of the latest forecasts.
READ MORE... →Salient to Investors: Gary Shilling at A. Gary Shilling writes: The Fed usually starts raising the federal funds rate before economic expansions are very old but this time will wait until the wave of de-leveraging, and the related slow growth, has ended. De-leveraging after major financial crises usually takes a
READ MORE... →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: William Pesek is writes: The “Greenspan put” that flooded markets with cash whenever things got dicey has become the default position in Washington, while in Asia there is an even more dangerous escalation of this policy in papering over cracks in economies that desperately need tougher, structural
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: Jim Rogers said global money printing and spending could continue for a while so don’t expect a crash anytime soon, though markets could correct for a while. Congress has moved the debt ceiling and are afraid to do anything about it. Read the full article at http://jimrogersonthemarkets.blogspot.com/2013/12/i-cannot-see-crash-anytime-soon.html Click here
READ MORE... →Salient to Investors: Jim Rogers said the Fed will make our problems worse in the end, so we would be better off without a central bank even with the problems of no central bank. Read the full article at http://jimrogersonthemarkets.blogspot.com/2013/12/the-us-would-be-better-off-without.html Click here to receive free and immediate email alerts of the latest
READ MORE... →Salient to Investors: Investors cut holdings in gold ETPs every month this year, erasing $69.4 billion. Hedge funds et al are the least-bullish since June 2007. John Paulson told clients last month that he personally would not invest more money in his gold fund. Goldman Sachs forecast prices will drop
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