Following Bernanke Means Using Precedent of Unprecedented Policy – Bloomberg 07-30-13

Salient to Investors: The Fed, ECB, and BoJ responded to economic shocks by casting off institutional dogma and broadening their missions. Adam Posen at the Peterson Institute for Intl Economics said unconventional policy will have to become conventional, as central banks act on a wide range of assets and directly in credit markets. Michael Gapen

READ MORE...

Fareed Zakaria GPS – CNN 07-28-13

Salient to Investors: Fareed Zakaria said: For 340 consecutive months, the Earth has been warmer than historic averages. 28 years ago, the Arctic was covered by ice throughout the year as it had been for centuries, but every summer two-thirds of it melts to water. In 2012, 46 commercial ships were allowed

READ MORE...

China 3% Growth Risk Seen by Barclays Signals Likonomics Anxiety – Bloomberg 07-28-13

Salient to Investors: Sudakshina Unnikrishnan and Jian Chang at Barclays say should China’s growth dip to 3 percent in the next 3 years, copper would fall more than 60 percent, zinc by up to 50 percent, and oil to $70 a barrel. They cite risks of slowing industrial production and of financial stress due to debt of

READ MORE...

Investors Are Lab Rabbits in Central Bank Experiments – Bloomberg 07-28-13

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...

Growing Payrolls Probably Cut Unemployment: U.S. Economy Preview – Bloomberg 07-27-13

Salient to Investors: Brian Jones at Societe Generale said hiring;s remarkable stability will continue and economic growth will accelerate in half2 – everybody expects Fed tapering in September. UniCredit  and Deutsche Bank Securities say payroll gains averaging 202,000 a month in half1 typically link with GDP growth close to 3 percent,

READ MORE...

IMF Sees Market Volatility Risk in Fed’s Exit From Record Easing – Bloomberg 07-26-13

Salient to Investors: The IMF said the Fed exit from QE could cause excessive interest-rate volatility which would have adverse global implications. The IMF maintained its US growth forecast for 2013 at 1.7 percent, saying housing and labor markets are improving, and its 2014 growth forecast of 2.7 percent, but said that fiscal deficit

READ MORE...