Salient to Investors: Investors pulled $2.2 billion from Thailand, Indonesia and the Philippines in August, versus inflows of $6.8 billion in 2012. Wellian Wiranto at Barclays said Singapore is a barometer for Southeast Asia; choppiness elsewhere cause ripples in Singapore. Khiem Do at Baring Asset Mgmt said Singapore’s stock market benefited from loose
READ MORE... →Salient to Investors: Steve Hanke at Johns Hopkins University said inflation is always and everywhere a monetary phenomenon, but hyperinflation is always and everywhere a political phenomenon. payday short term loan Ricardo Hausmann at Harvard says the Fed’s planned tapering is not the only reason why emerging-market stocks and bonds
READ MORE... →Salient to Investors: Mohamed El-Erian at Pimco said: Weakening emerging-market growth and spiraling currencies risk creating headwinds for a recovering US economy. Longer-term, we should care due to the feedback loop to the US. We will see a tightening of financial conditions to markets, with growth more challenged and the ability of
READ MORE... →Salient to Investors: Jim Rogers writes: If you can only visit one country in your life, visit India. Short India: just read its newspapers every day and you will see why. Read the full article at http://blogjimrogers.blogspot.com/2013/08/yes-i-have-new-reasons-to-short-india.html Click here to receive free and immediate email alerts of the latest forecasts.
READ MORE... →Salient to Investors: Adrian Miller at GMP Securities said 2 weeks of Fed-speak have laid the foundation for a September tapering. Bill Gross at Pimco said no more QE mean no more bull markets. The 30-year bond yield was 3.91 percent on August 19, the most since August 2011. Vincent Chaigneau at Societe Generale said 10-year
READ MORE... →Salient to Investors: US companies have issued $241 billion in junk bonds this year, more than twice the amount during the same period in 2007. US stocks are near record highs. Investors’ use of borrowed money to buy stocks is up one-third in the past year to a near record. Housing prices are surging in
READ MORE... →Salient to Investors: Zhao Danyang at Pureheart Capital Asia has more than 80 percent in Chinese stocks traded in Hong Kong, Singapore, the US and at home from 50 percent at the start of 2013. Pureheart has sold almost all of its Indian stock holdings and plans to further cut its Vietnam investments. Pureheart said Chinese
READ MORE... →Salient to Investors: David Kostin at Goldman Sachs said the S&P 500 will climb to 1,750 at year-end, to 1,825 in the next 12 months and 1900 at year-end 2014, as economic growth gains momentum, and recommends companies that generate most of their revenue domestically. Kostin said the real issue is that rising interest
READ MORE... →Salient to Investors: The Euro Stoxx 50 Index is at 12.5 times projected earnings, versus 15.3 times projected earnings for the S&P 500 and 14.2 times income for the Topix. Bulls say European stocks are cheap as the first expansion for euro-area manufacturing in 2 years helps drive forecasts for profit growth of more
READ MORE... →Salient to Investors: Chris Bouffard at the Mutual Fund Store said the market is in a normal digestion process as people get comfortable with how quickly and how far we have come. Investors pulled almost $1.20 billion from US equity ETFs versus inflows of $32 billion in July, the most since
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