Salient to Investors: Adam Klopfenstein at Archer Financial Services said the world is not falling apart, and gold is no longer indispensable – that the US is talking about ending the stimulus program tells us that the economy is doing relatively better. Read the full article at http://www.bloomberg.com/news/2013-02-22/gold-poised-for-weekly-loss-as-haven-allure-fades-dollar-jumps.html Free email alerts
READ MORE... →Salient to Investors: Bill Gross at Pimco said: Treasuries gained this week for the wrong reason – speculation economic growth will slow as the Fed reduces its stimulus efforts, when instead yields, certainly in the mortgage market, and the Treasury market might rise as well. The Fed will buys bonds through 2013 and says
READ MORE... →Salient to Investors: John Silvia at Wells Fargo Securities said the economy has legs, many people are much more confident, the housing pick up is sustainable. Ken Goldstein at the Conference Board said the underlying economy remains relatively sound but sluggish – the biggest positive factor is housing. The median price of an existing
READ MORE... →Salient to Investors: Banks that agreed to help troubled borrowers as part of a settlement with regulators over foreclosure misdeeds are spending most of the promised aid on short sales and forgiveness of home-equity loans that allow them to take bad loans off their books. Arthur Wilmarth at George Washington University said banks
READ MORE... →Salient to Investors: Ira Jersey at Credit Suisse said a modest uptick in inflation, but not a crazy uptick, gives the Fed more leeway by showing it their policies seem to be working. Bill Gross at Pimco said the Fed may halt bond buying in January 2014, depending on the pace of the
READ MORE... →Salient to Investors: Mark Andersen at UBS said the FOMC minutes may have started an adjustment process for the markets, with realism setting in with investors. Anderson said you can’t have both stronger growth and ever-expanding balance sheets at central banks, so their members are starting to consider the longer-term
READ MORE... →Salient to Investors: Pew Research Center said: 24.7 million millennial households have reduced the debt they owe on homes, cars and credit cards some 4 times faster than their elders, but college loans are an exception. Student loans more than doubled in the last decade for households led by those under 35
READ MORE... →Salient to Investors: Freddie Mac said the 30-yr fixed mortgage rate averaged 3.56 percent in the past week, the highest level since August 30, 2012, while the average 15-year rate held at 2.77 percent. Celia Chen at Moody’s Analytics said mortgage rates are still very, very low and will stay low
READ MORE... →Salient to Investors: The Bloomberg National Poll: 43 percent expect job growth to rise over the next 12 months, 26 percent expect a decline, and 30 percent expect little change. 37 percent expect a stronger economy, 25 percent disagree, 37 percent expect little change. 32 percent expect their financial security
READ MORE... →Salient to Investors: Aaron Kohli at BNP Paribas said that until the economy improves, the Fed will err on the side of easing. Bill Gross at Pimco said the Fed minutes suggest continued Fed purchases are at risk if the economy improves. Will Tseng at Mirae Asset cites bearish momentum in the Treasury market as
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