Salient to Investors: Caroline Baum writes: The $1.2 trillion of revenue Obama hopes to generate by raising taxes on the rich represents only a small down payment on a budget solution. The real source of the problem is runaway growth in entitlements, especially health care. There are no real cuts on the
READ MORE... →Salient to Investors: Economic bellwether FedEx maintained its full-year profit forecast, beat FQ2 sales estimates, earnings will fall to $1.25 to $1.45 a share in FQ3. FedEx said several big customers are seeing record sales. Read the full article at http://www.bloomberg.com/news/2012-12-19/fedex-maintains-full-year-forecast-amid-economic-concerns.html Click here to receive free email alerts of articles when they are added to
READ MORE... →Salient to Investors: California has a good chance of emerging as the nation’s top oil producer in the next decade. The EIA says the Monterey shale formation could hold 15.4 billion barrels of oil, or 64 percent of all estimated US shale oil reserves. Fracking has found trillions of cubic feet of gas and billions
READ MORE... →Salient to Investors: Ken Rogoff at Harvard says: The global economy is growing more slowly than everybody wants – The improving US is one of the bright spots with only 2% growth. China is slowing, India slowing dramatically. US trend growth rate is 2.5%. Need 4%-5% growth for a sustained period to
READ MORE... →Salient to Investors: The Census Bureau’s new projections show: The US population of just 399.8 million in 2050 versus 439.0 million projected in 2008. 90 percent of the US population in 1950 was white, versus 64 percent in 2010. (Beginning in 1980, whites are non-Hispanic white) Non-Hispanic whites will peak
READ MORE... →Salient to Investors: Borger, Texas registered the largest increase in divorced people in the US since 2007, to 15.2 percent. 2/3 of US cities have registered an increase in the percentage of divorced adults since 2007, the largest gains in small towns during the last two years. 10.9 percent of US adults are
READ MORE... →Salient to Investors: US oil production expanded in 2012 by the most since the first commercial well in 1859, and to the highest level in 15 years. Net petroleum imports now account for 41 percent of demand versus 60 percent 7 years ago. The IEA says the US will become the top producer in 8 years. US
READ MORE... →Salient to Investors: The National Association for Business Economics expects: The US economy to grow 2.1 percent in 2013 – 1.6 percent in Q4, 1.8 percent in Q1, 2.4 percent in Q2, 2.6 percent in Q3, and 3 percent in Q4. Unemployment will average 7.7 percent in 2013. Housing to again be
READ MORE... →Salient to Investors: The average analyst expects capital spending by S&P 500 companies to drop 1.3 percent in 2013 after 3 years of growth. Bears say the last decline was at the end of 2008, just before stocks slumped to a 12-year low, and expect CEO pessimism to sap the rally. Bulls say
READ MORE... →Salient to Investors: The National Conference of State Legislatures said half of all U.S. states have returned to peak tax-collection levels last seen before the recession five years ago, or will soon. In the preceding two recessions, it took 2 years or less for revenue to return to previous peaks. Corporate income-tax
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