Salient to Investors: Speculators boosted bullish gold bets to a 3-month high. Frank Holmes at US Global Investors said gold prices have to rise because of the sheer size of the monetization of global debt – gold is insurance. Jessica Fung at BMO Capital Markets sees very little prospect of
READ MORE... →Salient to Investors: The longest-dated Treasuries yield less than half the 6.8% average over the past five decades but are in line with the norm for the prior half-century. David Jones said the notion that Treasury yields are too low is shaped by players who began their careers in the wake
READ MORE... →Salient to Investors: The OECD said: Widening inequality creates a drag on economic growth that can be counteracted by tax policies to benefit the less well-off. Changes in wages and salaries have been the biggest direct driver of inequality. The earnings of the 10% best-paid workers have risen relative to the
READ MORE... →Salient to Investors: Taro Saito at NLI Research Institute said the latest economic report reflects a pretty bleak picture of Japan’s economy. Jeff Kingston at Temple University Japan said Abe is fortunate enough to be up against a politician who is extremely uninspiring and who represents a party not ready
READ MORE... →Salient to Investors: Fareed Zakaria said: The Department of Defense cost overruns on one weapons system are more than the total defense budget of Britain and France put together. The US spends more on defense than the next 8 nations put together including China and Russia. Since 9/11 America has been
READ MORE... →Salient to Investors: Fareed Zakaria said: All through history, humans have advanced when they have been able to work together. Matt Ridley said human progress took off when human beings began exchanging things, ideas, skills, goods, services. Teamwork is the most crucial skill and yet education is mostly about solo performances.
READ MORE... →Fareed Zakaria said: Terrorism is rising around the globe, but nothing to panic over. The genius of America is alive – Washington may be paralyzed and polarized, but mayors and governors are ignoring party lines and partnering with the private sector to make reforms and investments for future growth. The
READ MORE... →Salient to Investors: The median economist expects the jobless rate by June 2015 to be very near the 5.2%-5.5% range considered full employment, while the Fed’s preferred inflation gauge will not have budged from its current 1.4%. 27 of 50 economists say unemployment at 5.5% or lower would prompt the Fed to
READ MORE... →Salient to Investors: Harvard Endowment initiated positions in Texas-based oil and gas companies in Q3, increasing its energy position to about a third of US public equity holdings, second only to health care. Stanford invested in fossil-fuel companies in Q3. Read the full article at http://www.bloomberg.com/news/2014-11-17/harvard-added-texas-energy-companies-during-third-quarter.html Click here to receive free and immediate email alerts
READ MORE... →Salient to Investors: Fareed Zakaria said: Russia is a great power in decline accounting for only 3.4% of global GDP versus China’s near 16% and almost 4 x Japan’s and 5 x Germany’s. China’s very different approach to foreign policy constitutes the most significant and dangerous shift in international politics
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