Salient to Investors: Paul Farrell writes: We are at a market top and an economic turning point. Bernanke’s non-stop cheap-and-easy-money printing presses are loved by Wall Street banks but are bad for the rest of America. His reappointment – certain to become Obama’s greatest domestic blunder – so shocked Nassim Taleb
READ MORE... →Salient to Investors: Real Capital Analytics said non-US firms bought the most Houston office buildings in the past 3 years, spending 4 times more than US REITs, which ranked second. In 2012, Houston made the top five global cities surveyed by the Association of Foreign Investors in Real Estate for the first
READ MORE... →Salient to Investors: Congress is debating the biggest rewrite of US partnership rules in 60 years, which may increase taxes for real estate and finance businesses or prompt them to restructure operations to avoid new costs. The Camp proposal would change the rules for businesses such as partnerships that don’t
READ MORE... →Salient to Investors: Harry Dent and Rodney Johnson write: We are entering the last stage of the 80-year New Economy Cycle Commodities topped in 1920, 1951 and 1980. The spending cycle is 39 years and the commodities cycle is 30 years. Gold will fall to $750 The US economy will
READ MORE... →Salient to Investors: JPMorgan Chase now predicts US home prices will rise 7 percent in 2013 and over 14 percent through 2015, and Bank of America predicts prices will now rise 8 percent in 2013 as homebuyers and investors rush to acquire a dwindling supply of properties and the Fed lowers mortgage rates. Samantha McLemore at Legg Mason
READ MORE... →Salient to Investors: Larry Trefz writes: The rally will continue until sentiment turns for the worse, then expect a correction of over 10%. Warren Buffett sees says stocks are good value and cheaper than other forms of investment, while the dumbest investment is long-term government bonds. Stan Druckenmiller sees a
READ MORE... →Salient to Investors: US buyout firms are playing an increasingly larger role in the U.K. housing market. US private-equity investors Wilbur Ross and J. Christopher Flowers are lining up to finance British homebuyers as the country’s biggest banks pull back. The Council of Mortgage Lenders says RBS, Lloyds Banking, Barclays, HSBC and Santander U.K.
READ MORE... →Salient to Investors: Net worth for households and non-profit groups in Q4 2012 increased to the highest level since Q4 2007 on a recovery in home values – $66.1 trillion versus $67.4 trillion in Q3 2007. Paul Edelstein at IHS Global Insight said households have acquired a lot of financial
READ MORE... →Salient to Investors: The financial foundation of leading-edge boomers is stronger in the aggregate than commonly assumed, and is likely to improve in coming years. A study by Alan Gustman at Dartmouth, Thomas Steinmeier at Texas Tech and Nahid Tabatabai at Dartmouth found that the inflation–adjusted wealth of people aged
READ MORE... →Salient to Investors: John Silvia at Wells Fargo Securities said the economy has legs, many people are much more confident, the housing pick up is sustainable. Ken Goldstein at the Conference Board said the underlying economy remains relatively sound but sluggish – the biggest positive factor is housing. The median price of an existing
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