Salient to Investors: Biotech, fracking and diversity are keys to prosperity for cities. David Albouy at the University of Michigan says Austin is ‘quality of life city’. Austin could lose its crown to Houston if it is unable to take advantage of industries that are on the rise, such as biotechnology
READ MORE... →Salient to Investors: William D. Cohan writes: Paul Krugman is wrong in denigrating David Stockman’s cogent argument that the Fed is fomenting economic trouble. David Stockman is exactly right when he says the Fed has basically become a bubble machine, and almost all of the new money created, $1.7 trillion,
READ MORE... →Salient to Investors: A confluence of economic forces is likely to continue to produce good times for the biggest American companies — and the stock market — even if growth, as expected, slows in the coming months. Investors are focusing on prospects for healthier growth late in 2013 and into
READ MORE... →Salient to Investors: Steven Hansen at Econinterest writes: The positive reaction by the market to the FOMC minutes effectively disproves the theory that a withdrawal of QE is necessarily market negative. QE is not the only dynamic, or even the driving dynamic, in the market rally – other dynamics include inflows
READ MORE... →Salient to Investors: Edward Glaeser at Harvard says: Exuberant buyers may be more rational than many assume and booms are often consistent with reasonable beliefs about the future — the recent housing boom fits comfortably within America’s speculative past. In 1817, Alabama farmland was $35 per acre (in 2012 dollars) and rose to $134
READ MORE... →Salient to Investors: Sarah Turner at University of Virginia said it is not just the sticker price and the net costs, but how likely it is that you will get into medical or law school or have some other opportunities if you choose the more prestigious college? Turner said if
READ MORE... →Salient to Investors: Rolf Dobelli writes: News is bad for your health, leads to fear and aggression, and hinders creativity and ability to think deeply. News is to the mind what sugar is to the body. Small bites of trivial matter don’t require thinking which is why we experience almost
READ MORE... →Salient to Investors: Two-thirds of student loans are held by people under the age of 40, and of those the number who own homes fell by 4.6 percent in Q4 2012, the biggest drop in records back to 1982. Almost a third of borrowers in repayment are 90 days or more
READ MORE... →Salient to Investors: The median economist expects GDP to rise at a 3 percent annualized rate in Q1, fall to a 1.5 percent pace in Q2, and accelerate to a 2.4 percent rate in half2 2013, and 970,000 housing starts in 2013 , the most since 2007. Vincent Reinhart at Morgan
READ MORE... →Salient to Investors: Economists are projecting consumer spending rose at the fastest pace in 2 years in Q1 and to slow to a 1.8 percent pace in Q2. Ellen Zentner at Nomura Securities Intl said households are making the difficult spending choices – there is no steam going into Q2. Ian Shepherdson at
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