Salient to Investors: Paul Volcker said: The Fed will fall short by being asked to meet price stability and full employment – a mandate both operationally confusing and ultimately illusory. Asking too much is accommodating misguided fiscal policies, dealing with structural imbalances, to square continuously the hypothetical circles of stability, growth
READ MORE... →Salient to Investors: Paul Volcker said US growth is too slow to cut the jobless rate quickly so the unemployment rate may remain above 6 percent for at least another two years. Volcker said the unemployment rate is declining because the labor force is not rising. Read the full article at http://www.bloomberg.com/news/2013-05-15/volcker-says-u-s-jobless-rate-to-remain-above-6-for-two-years.html Click
READ MORE... →Salient to Investors: Lower-rated issuers are benefiting as sinking yields spur investors to stomach more risk. Debt sold by Illinois issuers is rallying the most in 20 months despite a warning that the state’s pensions may run out of money and drain funding from education, infrastructure and local aid. Moody’s
READ MORE... →