Salient to Investors: Joseph Baratta at Blackstone said: The stock market rally may last 2 more years with compound annual growth of 8% to 10%, as long as the Fed provides support. Equity markets are not overvalued when measured by the prices buyout firms are paying for companies. US economic
READ MORE... →Salient to Investors: William Pesek writes: A week after Japan’s debt reached the 1 quadrillion yen ($10.28 trillion) mark, yields have actually declined. BOJ Governor Kuroda is winning bondland’s full obedience with two forms of trickery: essentially transferring money via monetary policy from citizens to the government, and outright monetization of public debt. The
READ MORE... →Salient to Investors: Kyle Bass at Hayman Advisors, who has been betting on a collapse in the Japanese bond market for at least 3 years, said Japanese government bondholders’ reaction to the BOJ’s stimulus may foreshadow a broader selloff. Bass said this is the first deviation of the sanctity of that
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