Salient to Investors: Mark Buchanan writes: Throw a dice: If you get a six, you win $10; if not, you lose $1. Over many gambles, your average profit works out to about 83 cents. However, if when you get six you win 10 times your total current wealth, but anything
READ MORE... →Salient to Investors: Bill Moyers said: The crisis of millions of working families falling into poverty is the defining story in the US in the last 30 years. The social contract has been shredded in the last 30 years. that amount actually The belief that if you work hard and play
READ MORE... →Salient to Investors: Caroline Baum writes: Productivity poses the biggest threat to jobs and wages, not immigrants. US expansions characterized by the strongest rebounds in productivity growth also witnessed the fastest pace of job creation – e.g. in 1970, 1975 and 1982. Duke University and UC Berkeley found that a quarter
READ MORE... →Salient to Investors: Matthew C. Klein writes: The FRB of Chicago says it would take 4 more years of job gains at the current pace of 195,000 per month to jobs to return to full employment and close the gap that began opening at the end of 2007. The US is
READ MORE... →Salient to Investors: In January 1969, an ad for Careers Today magazine touted that America had reached the stage where for the first time in history, there are more jobs than people, that college grads were wading through endless job offers. By 1976, a relatively low 67 percent of college
READ MORE... →Salient to Investors: Banks are offering jumbo mortgages – too big for government programs – at rates at or below taxpayer-backed loans, while the extra cost of 30-yr fixed jumbo loans averaged a 6-year low of 0.16 percent in June. Paul Miller at FBR Capital Markets said bigger loans are becoming relatively cheaper
READ MORE... →Salient to Investors: Bureau of Labor Statistics data indicate that California is losing ground in the number of business establishments – 5.2 percent fewer at the end of 2012 than in the previous year or 73,000 fewer versus second-place Massachusetts which lost 5,200 businesses. Nebraska added businesses at 11.9 percent, the fastest rate.
READ MORE... →Salient to Investors: Lawrence Bowdish at American Military University says 66 percent of students borrow to attend college, and 31 percent of Americans age 25 or older hold bachelor’s degrees versus 5 percent in 1950. Bowdish said the supply of university slots has increased, but not enough to meet demand. Read the full
READ MORE... →Salient to Investors: Evan Soltas writes: The delay until 2015 of the enforcement of the employer mandate to provide insurance to employees may create stress on the implementation of the individual insurance exchanges and the individual coverage mandate. Employers should not sponsor insurance as it masks the true cost of care
READ MORE... →Salient to Investors: Economists at Bank of Tokyo-Mitsubishi UFJ, Barclays, Citigroup, Deutsche Bank, and UBS expect unemployment to fall to 7 percent in Q4 2013. Drew Matus at UBS Securities said the drop will pose more communication problems for the Fed, again of its own making. Matus said bond-market volatility will increase even
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