State-Wrecked: The Corruption of Capitalism in America – The New York Times 03-30-13

Salient to Investors: David A. Stockman writes: The US is broke – fiscally, morally, intellectually – and the Fed has incited a global currency war that will soon overwhelm it. This latest Wall Street bubble, inflated by phony money from the Fed rather than real economic gains, will burst within a

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Reluctant Bulls Key for Birinyi Amid Record S&P 500 Rally – Bloomberg 03-29-13

Salient to Investors: Laszlo Birinyi at Birinyi Associates says: The S&P 500 rally has a good year to go as investors give up their pessimism and buy. The bull is very much alive given this sort of hesitancy or reluctance instead of acceptance. There is nothing troubling in view unless people start talking

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European Stocks Drop as Italian Yilds Surge; TDC Retreats – Bloomberg 03-27-13

Salient to Investors: Axel Weber at UBS said the growth story in Europe is just not there yet, the structural problems are unresolved, and there is some potential for equities to improve particularly for the US. Read the full article at http://www.bloomberg.com/news/2013-03-27/european-stock-index-futures-climb-after-u-s-rally.html Click here to receive free and immediate email alerts of the latest forecasts.

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The Five Ways Deflation Has Already Taken Hold – Bloomberg 03-26-13

Salient to Investors: A. Gary Shilling at A. Gary Shilling & Co. says 5 of the 7 varieties of deflation are present in the US economy. Commodity price deflation will continue as oversupply continues to swamp demand amid weak global growth and a hard landing in China, which remains export-driven. The slow global

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New Critical Warning as 2013 shocker looms – MarketWatch 03-25-13

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

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Risk Unrewarded as Emerging Stocks Lag Behind Most Since ’98 – Bloomberg 03-25-13

Salient to Investors: The MSCI Emerging Markets Index is up 22 percent since its October 2011 low versus the 33 percent advance for the MSCI World Index – the first time since 1998 they have underperformed during a global rally. Bulls say emerging markets will lead the next stage of the global rally

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China-Bashing Lets EU Embrace Jekyll and Hyde: Cutting Research – Bloomberg 03-21-13

Salient to Investors: University of St. Gallen economists found that nations that pushed the EU to probe China for product dumping later secured greater trade with her. Lead author Simon J. Evenett said in the last decade, France and Germany made 51 protests, and Italy 41. Trade missions and visits by government ministers to China boosted exports. Michael

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