Salient to Investors: Clive Crook writes: The global economic recovery is hardly worthy of the name – the IMF again reduced its growth forecasts. Recessions involving financial crashes are harder to recover from than ordinary downturns. The failure of international cooperation is most egregious in the EU, where the EU core
READ MORE... →Salient to Investors: Clive Crook writes: The global economic recovery is hardly worthy of the name. The IMF has again reduced its forecasts for the world economy. Recessions involving financial crashes are harder to recover from. Two great failures of coordination receive scant economic discussion. Precious little effective international cooperation
READ MORE... →Salient to Investors: Americans lost more years of life to heart disease, lung cancer, pre-term birth complications, diabetes and at least 21 other conditions in 2010 than most other members of the 34-country OECD. The US failed to keep up with other nations in improving population health over the period 1990 to 2010 despite spending
READ MORE... →Salient to Investors: Crude oil is trading at the highest price relative to gold in more than 4 years. John Stephenson at First Asset Investment Mgmt said oil has real supply and demand dynamics, and there is a strong argument for prices holding up because the US has clearly has
READ MORE... →Salient to Investors: Jim Rogers writes: The oil and gas boom is not quite the boom that the press seems to think it is. Natural gas wells decline very quickly and reserves may not be what we thought. Oil wells decline at the rate of 38 to 69 percent in
READ MORE... →Salient to Investors: Fed tapering, China’s credit squeeze, and Japan’s reflation ultimately prime the three biggest economies for less volatile and longer-lasting expansions, but near-term, emerging markets, commodity producers, and economies that need cheap cash or weaker currencies, including the euro area, could suffer. Stephen Jen at SLJ Macro Partners said that
READ MORE... →Salient to Investors: The IMF said: Global growth will struggle to accelerate in 2013 as the US expansion weakens, China’s economy levels off, and Europe’s recession deepens. Global growth will be 3.1 percent in 2013, unchanged from 2012, and 3.8 percent in 2014. Developing economies will grow 5 percent in 2013,
READ MORE... →Salient to Investors: The IMF said: Global growth for 2013 will be unchanged at 3.1 percent as US growth slows to 1.7 percent in 2013 and 2.7 percent in 2014. Global growth will be 3.8 percent in 2014. Downside risks to global growth prospects still dominate, with the possibility of a longer
READ MORE... →Salient to Investors: US companies are poised to post some of their weakest quarterly earnings reports in 4 years, in part due to a stronger dollar. The IMF cut its forecast for global growth in 2013 to 3.1 percent, and for the US to 1.7 percent. Analysts who reduced earnings forecasts
READ MORE... →Salient to Investors: Nouriel Roubini writes: Expect a decade ahead of very low economic growth in the US, Europe, Japan and other advanced economies, with rising unemployment and social and political unrest. Unstable disequilibrium, is the new abnormal. The economy was first anemic because of the financial crisis of too
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