Salient to Investors: San Francisco added 300 tech companies since 2010, helping it earn its highest credit grade in more than a decade, amid the worst losses this year in municipal bonds and with interest rates on munis at a 15-month high. San Francisco’s jobless rate is the lowest since 2008
READ MORE... →Salient to Investors: Cap Gemini and Royal Bank of Canada said in their millionaire report for 2012: North America reclaimed the most millionaires top spot. 3.73 million North Americans had at least $1 million in investable assets versus 3.68 million in Asia-Pacific. The combined wealth of the world’s millionaires rose 10 percent to
READ MORE... →Salient to Investors: New home prices in Beijing, Shanghai and Guangzhou posted the biggest gains in May since at least January 2011, and 69 of 70 cities tracked showed increases, the most since August 2011. Zhang Zhiwei at Nomura said China’s dilemma is that it is difficult to tighten the property
READ MORE... →Salient to Investors: Brandon Turner writes: Family First Encouragement Can Go Miles Find the right deal – look at 99 deals to find the 1 that will bring you success. Real estate is a “people game” and those who network often do the best. Integrity is key. Read the full
READ MORE... →Salient to Investors: The South Carolina Association of Realtors say 2013 values in the Hilton Head area are up 11.1 percent from the first 5 months of 2012, sales are up 9.3 percent, while prices are down by a third from 2007. Increasing buyer confidence is spilling into seasonal communities from
READ MORE... →Salient to Investors: Daniel Friedman at UC at Santa Cruz and author Daniel McNeill write: Bailouts suggests to most laypeople gifts to a giant, inefficient, highly connected octopus, but they are typically investments – loans or purchases. The US bailout of Chrysler made a $660 million profit and the nation
READ MORE... →Salient to Investors: Fareed Zakaria writes: The great American housing market is back. The American economy has again shown its core character of flexibility and resilience. The US is the only rich country in the world whose population is growing – by 3 million a year, mostly legal immigration. Americans
READ MORE... →Salient to Investors: Freddie Mac said the average 30-yr fixed-rate mortgage is at 3.91% versus 3.3% in early May. Doug Duncan at Fannie Mae said it is unlikely that rates will ever be that low again because when QE ends, private investors will demand higher rates for borrowers. The Fed will stop
READ MORE... →Salient to Investors: Nouriel Roubini at NYU says gold may fall toward $1,000 by 2015 as the economic recovery curbs demand for bullion, there is a lack of inflation, and other assets such as equities offer better returns. Roubini said investors should have a very modest share of gold and other real
READ MORE... →Fareed Zakaria said: The great American housing market is back as the Case-Shiller housing index showed its largest annual increase in prices in seven years, showing its core character: flexibility and resilience. The US is the only rich country whose population is growing, increasing by 3 million people every year,
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