Salient to Investors: Matthew Benjamin at Medley Global Advisors said there is a perception that there is a difference between Yellen and Summers” in their approach to monetary stimulus. Leo Grohowski at BNY Mellon Wealth Mgmt said the market was comfortable with a Yellen appointment and is now needing to grow comfortable with
READ MORE... →Salient to Investors: Caroline Baum writes: Tapering seems fully priced into the market, and time is not on the Fed’s side. Vince Reinhart at Morgan Stanley said Fed officials have already paid a high price in terms of market volatility for showing their desire to end QE. Long-term interest
READ MORE... →Salient to Investors: Caroline Baum writes: The residential real-estate market has just got going and only in the last 2 years has residential investment contributed in any significant way to economic growth. July single-family housing starts of an annual rate of 591,000 is a long way from the peak of 1.8 million
READ MORE... →Salient to Investors: Brian Jones at Societe Generale said the rate of growth of home prices is certainly slowing, but is still posting respectable year-over-year increases and housing is in good shape. S&P/Case-Shiller say the year-over-year gauge provides better indications of trends in home prices. All 20 cities in the index
READ MORE... →Salient to Investors: Caroline Baum writes: Arvind Krishnamurthy at Northwestern and Annette Vissing-Jorgensen at Berkeley found that Treasury purchases themselves have had limited beneficial spillovers to private borrowers, i.e. the Treasury was able to borrow at lower interest rates but not the rest of us. The researchers found that the
READ MORE... →Salient to Investors: Jim Rogers writes: In the 1920s and 1930s, the center of the world moved from the UK to the US, primarily due to financial problems and political mistakes. The centre of the world is now moving from the US to Asia, due to the financial crisis and
READ MORE... →Salient to Investors: Jim Rogers writes: Problems always come no matter what governments say and we have always had slowdowns in America after every 6 or 7 years even in good times. The next time around, things are going to be much worse, especially in countries where the debt is
READ MORE... →Salient to Investors: Jim Rogers writes: The next slowdown will be a lot worse. In America, the debt quadrupled and a lot of the debt is garbage. We are floating on an artificial sea of liquidity. Read the full article at http://blogjimrogers.blogspot.com/2013/08/in-america-debt-quadrupled-and-lot-of.html Click here to receive free and immediate email alerts of the
READ MORE... →Salient to Investors: James Paulsen at Wells Capital Mgmt said concern that a surge in US bond yields will curb US growth is overblown because higher borrowing costs coupled with gains in confidence are a healthy sign for the economy. Paulsen said confidence is at the center of everything here and that since 1967, stocks
READ MORE... →Salient to Investors: Jim Rogers writes: Governments and central banks have reacted to the crisis in an artificial manner, and are only making the crisis worse – they never let the problem cure itself. Read the full article at http://blogjimrogers.blogspot.com/2013/08/they-never-let-problem-cure-itself.html Click here to receive free and immediate email alerts of the latest forecasts.
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