Stein Sees Signs of Excessive Risk Taking in Some Markets – Bloomberg 02-07-13

Salient to Investors: Federal Reserve Governor Jeremy Stein says: Significant reaching-for-yield behavior in corporate credits are early signs of potentially excessive risk-taking, while not posing a threat to financial stability. A decline in the quality of debt through greater subordination or less use of protective covenants also signal reaching for yield. It

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World Risks ‘Perfect Storm’ on Capital Flows, Carstens Says – Bloomberg 02-05-13

Salient to Investors: Banco de Mexico Governor Agustin Carstens said: A perfect storm may be forming as risk appetite has returned and the search for yield is in full force: concerns of asset-price bubbles fed by credit booms are starting to appear. Japan is actively pursuing a depreciating real exchange

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Housing Packs Punch for U.S. Growth in 2013 and Beyond – Bloomberg 02-04-13

Salient to Investors: Climbing home prices are lifting household wealth and boosting the purchasing power of consumers. Declining mortgage delinquencies and foreclosures are giving banks greater leeway to lend. Rising property-tax revenue is alleviating pressure on state and local governments to cut budgets. Mark Zandi at Moody’s Analytics said the housing

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JPMorgan Joins Rental Rush For Wealthy Clients: Mortgages – Bloomberg 02-04-13

Salient to Investors: JPMorgan Chase Private Bank put individuals and families with more than $5 million into a partnership that bought over 5,000 single family homes to rent in Florida, Arizona, Nevada and California. David Lyon at JPMorgan said investors can expect returns of up to 8 percent annually from rental income as well

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Global Stocks Signal No Loss of Better World to Come – Bloomberg 02-04-13

Salient to Investors: The MSCI World Index rose 5 percent in January, the most since 1994, on individual investor inflows, US profits, interest rates at record lows, and improving growth from Europe to China. The Index rose 6.4 percent at the start of 1994, and GDP increased 7.7 percent that year, and rose

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