Salient to Investors: Bill Gross at Pimco said: The most renowned investors from Buffett to Fuss to Soros may owe their reputations to the most attractive era for money management as expanding credit fueled gains in asset prices across markets. Maybe the era made the man, not the man who made the era – the real test of
READ MORE... →Salient to Investors: Laurence J. Kotlikoff and Jeffrey D. Sachs say smart machines are substituting for young unskilled labor, and our children and grandchildren will be worse off as the wages of unskilled young adults decline. While a subset of young adults is tech savvy and the leading edge of
READ MORE... →Salient to Investors: International investors bought more Treasuries in Q1 2013 than in any other start to a year since 2009. China has been buying Treasuries at the fastest pace since 2011. Wan-Chong Kung at Nuveen Asset Mgmt said the US is standing out as a place of relative growth, strength and
READ MORE... →Salient to Investors: The spread between analyst forecasts and S&P 500 stock prices is 5 percent, the smallest margin ever and less than half what it was when the index last peaked in October 2007, and versus the historical average of 14 percent. Bulls say the narrow margin shows securities firms are surprised by
READ MORE... →Salient to Investors: Randall Warren at Warren Financial Service said we need to see good economic reports and good earnings reports later this month for stocks to keep rising. Birinyi Associates says the rally is longer than the average length of bull markets since 1962 of 4 years – 4 of the
READ MORE... →Salient to Investors: David Stockman said: The Fed has flooded equity markets with cash while weakening the Main Street economy and the phony money has created an unsustainable bubble economy that will begin to falter within a few years. When it bursts, there will be no 2008-style bailouts and America will begin an era
READ MORE... →Salient to Investors: Warren Buffett says the total amount of mined gold in the world could fit into a cube with sides of 67 ft. Thomson Reuters GFMS estimates the amount at 171,300 tonnes, or a cube with sides of 68 ft. Jan Skoyles at The Real Asset Company said
READ MORE... →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
READ MORE... →Salient to Investors: Prapas Tonpibulsak at Krungsri Asset Mgmt said most governments are trying to boost economic growth and employment, supportive of equity investments. The MSCI Emerging Markets Index is at 10.5 times estimated earnings versus 13.4 for the MSCI World Index. Most developing market companies missed analyst estimates for the last 5 quarters whereas a majority
READ MORE... →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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