Salient to Investors: Longest weekly DJIA rally since October, led by tech. Mark Freeman at Westwood Holdings says the market gets disappointed when it falls into the trap of not getting what it expects from the central banks – the fundamentals are what matters and they are doing OK. James McDonald at Northern Trust
READ MORE... →Salient to Investors: Paul Krugman at Princeton: US economy is terrible with 4 million out of work for over a year, causing devastation to families and damaging to the economy’s long-term future because its harder for them ever to re-enter the workforce. The whole private sector is paying down debt, and if everyone tries to do
READ MORE... →Salient to Investors: Fareed Zakaria said: Outsourcing jobs to ensure a company’s survival is acceptable and is how you run a business. America needs and already has a tax and regulatory structure that creates strong incentives for private businesses to flourish. The great shift in the U.S. economy over the past
READ MORE... →Salient to Investors: Over the last two decades, US recoveries have been slow and jobless, In every recession from 1948-1990, jobs came back to pre-recession levels an average six months after the economy returned to its pre-recession level. In the 1990s, jobs came back 15 months later, and since 2001, 39 months later. McKinsey
READ MORE... →Salient to Investors: Kishore Mahbubani of Lee Kuan Yew School of Public Policy said the era of the West changing governments is over, Western power has peaked and will decline. The more the West isolates Iran , the more Iran becomes a geopolitical gift to China, which will accept it. China can get
READ MORE... →Salient to Investors: Fareed Zakaria said 49 percent of Americans polled said economic conditions were good or excellent in the city they lived in, 37 percent said the same about their state, 25 percent about the US, 18 percent about Europe, 13 percent about the world economy. Housing is finally is recovering and will have big ramifications for
READ MORE... →Predictions: Alan Greenspan said Europe is a leaking boat and political consolidation is the only solution to the region’s financial crisis – we are gradually moving in that direction. Greenspan expects the “fiscal cliff” to be kicked down the road becauuse nobody wants all of those items to hit the economy all od
READ MORE... →Salient to Investors: Neil Dutta at Renaissance Macro Research said the growth backdrop is weakening, with a propensity for consumers to boost their rate of savings. Goldman Sachs lowered forecast for growth this quarter to a 1.6 percent annual rate from 1.7 percent, Morgan Stanley cut to 1.7 percent from 1.9 percent.
READ MORE... →Salient to Investors: The Bloomberg Economic Evaluation of States index shows that 31 states gained during Q1 down from 35 during Q4 2011. The results were mixed for key presidential battleground states. The states involved in manufacturing and energy were among the top gainers. Joseph Brusuelas at Bloomberg said you can clearly see
READ MORE... →Salient to Investors: Mike Wittner said we’re seeing a massive return of risk appetite as the market was impressed by what the Europeans accomplished and there’s a feeling that the worst may be over. Sarah Emerson at Energy Security Analysis said the euro move will give oil a lot of support. Predictions: Rich
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