Salient to Investors: Professor Robert Gordon at Northwestern University said: The U.S.’s best 250 years are behind it as economic growth may gradually sputter out, contradicting the nearly universal view promoted by Robert Solow and others that economic growth is a continuous process that will persist forever. Future growth in GDP per capita
READ MORE... →Salient to Investors: Berkshire Hathaway has been drastically reducing his exposure to stocks that depend on consumer purchasing habits, including Johnson & Johnson and Intel. John Paulson in Q2 2012 dumped 14 million shares of JPMorgan Chase, his fund’s entire position in Family Dollar and Sara Lee. George Soros recently sold
READ MORE... →Salient to Investors: Ruy Teixeira at the Center for American Progress said ethnic groups historically vote in clusters and this favors President Obama mightily. The American minority population surprisingly grew by 30 percent over the last decade versus 1 percent for whites – up 3 percent alone since 2008. Read the transcript
READ MORE... →Salient to Investors: Koji Toda at Resona Bank said money that risk money that fled Europe’s debt crisis is gradually returning to places where there is policy optimism. Tim Leung at IG Investment said China’s economic momentum is slowing – the market expects the Chinese government to help accelerate the economy. Richard Fisher at Federal Reserve Bank
READ MORE... →Salient to Investors: Stephen Stanley at Pierpont Securities said what’s going on around the world is not make or break for the U.S. recovery. Read the full article at http://www.bloomberg.com/news/2012-08-09/trade-deficit-in-the-u-s-narrowed-more-than-forecast-in-june.html
READ MORE... →Salient to Investors: Jason Schenker at Prestige Economics sees positive growth signals, says the trade number signals Q2 GDP will be revised higher. Guy Wolf at Marex Spectron said for the market all that matters is the prospect of central bank monetary stimulus, so soft growth data, without inflationary pressure, is a green light for central
READ MORE... →Salient to Investors: Brian Jones at Societe Generale said the economy is stuck in a channel of lackluster growth. Read the full article at http://www.bloomberg.com/news/2012-08-03/u-s-july-payrolls-rise-more-than-forecast-unemployment-8-3-.html
READ MORE... →Salient to Investors: Mark Luschini at Janney Montgomery Scott said the decent jobs report is not enough for the Fed to act imminently yet not so good that the Fed could still act. Michael Shaoul of Marketfield Asset Management said the jobs report allows people to continue to be patient with the domestic economy,
READ MORE... →Salient to Investors: Mohamed El-Erian at PIMCO sais the economy is healing gradually. Hedge-fund managers et al reversed from net-short to net-long in 10-year note futures for the week ending July 31. Gary Madich at J.P. Morgan Asset Management said the jobs number shows we are not going into a recession or Armageddon. Fed Bank of Richmond
READ MORE... →Salient to Investors: Drew Matus at UBS Securities said the July employment report is reasonably consistent with moderate growth, but doesn’t change the outlook for further Fed easing on Sept. 12-13. Read the full article at http://www.bloomberg.com/news/2012-08-04/payroll-gains-exceeding-forecasts-signal-sustained-u-s-growth.html
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