Salient to Investors: David Stockman writes: Chris Rupkey at MUFG Union Bank says consumers have emerged from the winter blues and if they spend anywhere as great as they feel, the economy will roar over the next few months. Rupkey and others have been expecting a roaring economy for several years but are
READ MORE... →Salient to Investors: The median Wall Street forecast predicts the 10-yr T-yield to rise to 3.01% by the end of 2015, the 2-yr to rise more than double to 1.53%, and the 30-yr to rise to 3.70%. Wall Street calls for higher T-yields in 2015 are the most aggressive since 2009,
READ MORE... →Salient to Investors: Chris Rupkey at Bank of Tokyo-Mitsubishi UFJ said we cannot keep getting payroll numbers like these and not admit that the labor market has healed. Rupkey said states with higher unemployment are seeing steep declines, and big-number declines equal big progress on putting America back to work.
READ MORE... →Salient to Investors: Chris Rupkey at Bank of Tokyo-Mitsubishi UFJ said the economy is growing moderately, and the disappointing pace of consumer spending is less worrisome as other sectors of the economy are doing better, like housing. The median economist expects consumer spending to be at a 1.9 percent pace in Q3, and GDP to
READ MORE... →Salient to Investors: Chris Rupkey at Bank of Tokyo-Mitsubishi UFJ said the consumer is alive and well despite fiscal cliff, and a recession is unlikely Watch the full video at http://www.bloomberg.com/video/chris-rupkey-says-u-s-consumer-is-alive-and-well-AZ_SeediTwqTssfgWXYElA.html
READ MORE... →Salient to Investors: Chris Rupkey at Bank of Tokyo-Mitsubishi said the job creation through June is enough to put Americans back to work – the 153,000 average in 2010 was fast enough to lower the unemployment rate 90 basis points in 2011 to 8.5 percent. Read the full article at http://www.businessinsider.com/chris-rupkey-june-private-payrolls-2012-7
READ MORE... →Salient to Investors: Bloomberg study of 314 upgrades, downgrades and outlook changes since 1974 shows interest rates moved in the opposite direction 47 percent of the time for Moody’s and for S&P. IMF studies show prices moved in the expected direction 45 percent of the time for developed countries and 51 percent for
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