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: The euro has strengthened 4.6 percent in 2013, the most among 10 developed-market currencies, indicating revealing how far Draghi is falling behind in the foreign-exchange wars. The gain shows investors are confident that Draghi et al are doing enough to hold the euro region together, but threatens the ability
READ MORE... →Salient to Investors: Currency strategists from Barclays to Deutsche Bank are advising to sell the yuan as China growth slows and inflows slow as China demands lenders curb foreign-currency loans on concern companies may have exaggerated shipments to facilitate carry trades. Igor Arsenin et al at Barclays said policy makers will
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: Johan P. Mackenbach at Erasmus MC, University Medical Center Rotterdam writes: Even in high-income countries and Western Europe’s highly developed welfare states, people lower on the socioeconomic ladder have shorter and less healthy lives than those on higher rungs. Life expectancy at birth often varies by 5-10
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 cost of 3-month puts on the iShares FTSE China 25 Index Fund have risen to the highest since September 2012. Morgan Stanley has joined UBS and Barclays in lowering predictions for China’s economic growth. Derrick Irwin at Wells Fargo Advantage Emerging Markets Equity Fund said investors are nervous about
READ MORE... →Salient to Investors: Ted Harper at Frost Investment Advisors said the concern about the Fed removing QE signals a strengthening in conditions, which helps the dollar and at the margin hurts gold. Harper said John Paulson’s returns are emblematic of the difficult environment for gold. The World Bank raised its 2013 US growth
READ MORE... →Salient to Investors: Fareed Zakaria said: China does infrastructure better than anyone in the world – trains, roads, airports, subways built at amazing speed, on a grand scale and with great foresight. The HK Nicaragua Canal Development Investment Company, Ltd, will help finance a Nicaraguan canal at a total cost
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