Salient to Investors: The median estimates of the 10 most-accurate precious metals analysts tracked by Bloomberg over the past 2 years predicts gold will drop to an average $1,250 in Q4 2013, $1,225 in Q1 2014, $1,195 in Q2 2014, and a 4-year low of $1,175 in Q3 2014 due
READ MORE... →Salient to Investors: The IMF said: Advanced economies are gradually strengthening while growth in emerging-market economies has slowed. The effects of any failure to repay US debt would be felt right away, leading to potentially major disruptions in financial markets, both in the US and abroad, though this has a
READ MORE... →Salient to Investors: Christine Lagarde at the IMF said failure to raise the US debt ceiling is a far worse threat to the global economy than the shutdown. Lagarde said the global economic outlook is subdued, but the US and eurozone are picking up steam, and Japan is improving, though
READ MORE... →Salient to Investors: The IMF said: Euro area countries should be prepared to lose some degree of control over their budget, pool resources to set up an insurance program and do common borrowing. The 17 euro-nations need to toughen rules enforcing fiscal discipline and set up fund transfers before crises
READ MORE... →Salient to Investors: The IMF said the Fed exit from QE could cause excessive interest-rate volatility which would have adverse global implications. The IMF maintained its US growth forecast for 2013 at 1.7 percent, saying housing and labor markets are improving, and its 2014 growth forecast of 2.7 percent, but said that fiscal deficit
READ MORE... →Salient to Investors: Africa’s growing middle class and rising travel is fueling the fastest pace of hotel development in the world. Africa is buoyed by increasing trade with countries including China and rising demand for services such as lodging. The Economist Intelligence Unit says over half of African countries will post GDP of 5
READ MORE... →Salient to Investors: Stretched budgets and sluggish growth are putting emerging-market governments on a collision course with rising pressures from recently empowered middle classes for more spending and better services. Policy makers face the end to an era of abundant global liquidity that helped fuel the fastest expansion in three decades. The
READ MORE... →Salient to Investors: Christine Lagarde at the IMF said a US court ruling against Argentina over its defaulted debt could have detrimental consequences for global financial stability, by bolstering the power of minority bondholders in future debt restructurings and hurt the IMF’s mandate to maintain financial stability in the world.
READ MORE... →Salient to Investors: The IMF said: Risks are increasing that China’s economic growth this year will fall short of its forecast of 7.75 percent. China is becoming increasingly vulnerable to risks from an expansion of non-traditional sources of credit and borrowing by local governments. China’s heavy reliance on credit and investment to sustain activity is raising
READ MORE... →Salient to Investors: Big banks claim a safer financial system would be bad for the economy because tougher banking rules will squeeze their lending and hold back investment. Markets disagree. On July 9, the day regulators published their proposal, the S&P 500 Index rose 11 points and the 10-yr US T-note held steady. On
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