Salient to Investors: Jan Hatzius said the US economy is losing steam and the current $85 billion pace of purchases is very likely to continue for the time being. Michael Cloherty at RBC Capital Markets said the significant move in Treasuries may be too much, and does believe the widely expected dramatic change in capital flows from the
READ MORE... →Salient to Investors: Drew Matus at UBS Securities said the Fed will not repeat its error of the past 3 years and continue with QE through the summer, and having been fooled multiple times by slumps in the economy they will be gun-shy on the exit strategy. William C. Dudley at the New York
READ MORE... →Salient to Investors: Paul Ashworth at Capital Economics said: US overall net worth was 550 percent of GDP in 2011 versus official GDP of near $15 trillion and national debt of $16.8 trillion – not particularly egregious. Including US holdings of foreign bonds and cross-country holdings of other types of assets,
READ MORE... →Salient to Investors: BOE said rising equity markets don’t reflect the underlying economies and underestimates risks in the financial system. Potential threats to the financial system include the re-emergence of some elements of market behavior not seen since before the financial crisis, including a relaxation in some US credit markets of
READ MORE... →Salient to Investors: Justin Urquhart Stewart at Seven Investment Mgmt said today’s jobs data provides a dose of realism and the economy is falling to a lower, slower level of growth, so the market should not get too far ahead of itself. Urquhart Stewart said the concerns in Europe and Korea are enough reasons
READ MORE... →Salient to Investors: Bill Gross at Pimco said: The economy will grow no more than 2 percent in 2013 even with one or two quarters of faster growth. A 2 percent new normal economy is the best we can expect. The impact of energy and housing will be limited to one or two quarters at
READ MORE... →Ethan Harris at Bank of America said most American companies are lean and mean, and their fiscal austerity is braking an otherwise improving economy and delaying growth. The labor force participation rate, fell to 63.3 percent, the lowest since May 1979. Wal-Mart merchandise is piling up in aisles and in the back
READ MORE... →Salient to Investors: Mark Luschini at Janney Montgomery Scott said the payrolls report is a huge disappointment and will spook the market. Eric Zoldan at JHS Capital Advisors said we are in a very difficult economic environment and expects a lot of pressure on the market. Zoldan said most importantly the
READ MORE... →Salient to Investors: Goldman Sachs said global inventories will remain low and economic growth will pick up in the half2 2013, and maintained its Q2 target of $110 a barrel. Read the full article at http://www.bloomberg.com/news/2013-04-05/wti-crude-oil-futures-fall-after-u-s-payroll-data.html Click here to receive free and immediate email alerts of the latest forecasts.
READ MORE... →Salient to Investors: Laurence J. Kotlikoff and Jeffrey D. Sachs say smart machines are substituting for young unskilled labor, and our children and grandchildren will be worse off as the wages of unskilled young adults decline. While a subset of young adults is tech savvy and the leading edge of
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