Rising Bond Yields Show Bernanke QE Converges With Growth – Bloomberg 01-30-13

Salient to Investors: James Hamilton at the University of California said interest rates are climbing as asset purchases help bolster confidence in economic growth. Hamilton said the economy picking up puts upward pressure on yields regardless of what the Fed is doing on the bond supply side, pleasing the Fed. Jonathan Wright at Johns Hopkins said

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Home Prices Climb by Most in Six Years as U.S. Market Firms – Bloomberg 01-29-13

Salient to Investors: The S&P/Case-Shiller index of property values increased 5.5 percent from November 2011, the biggest year-over-year gain since August 2006. The NAR said the 1.82 million existing homes on the market last month were the fewest since January 2001. Mortgage rates near a record low are propelling demand that’s outpacing supply. Freddie

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Dollar Thrives in Age of Competitive Devaluations – Bloomberg 01-28-13

Salient to Investors: A. Gary Shilling at A. Gary Shilling & Co writes: In periods of prolonged economic pain, international cooperation gives way to an every-nation-for-itself attitude, including competitive devaluations. Decreasing the value of a currency, by creating and selling unlimited quantities, is much easier than supporting it, by selling

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Gina Martin Adams, senior strategist at Wells Fargo – Bloomberg 01-28-13

Salient to Investors: Gina Martin Adams at Wells Fargo Securities says: Investors should go against the herd as the market is overbought and sentiment is at levels seen at peaks and tops, fundamentals are weak with economic data in January missing expectations, and there is consistent deceleration in earnings growth. Improving housing

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