Salient to Investors: Senator John McCain said JPMorgan’s chief investment office increased risk by mislabeling the synthetic portfolio as a risk-reducing hedge when it was really involved in proprietary trading. Subcommittee Chairman Carl Levin said they found a trading operation that piled on risk, ignored limits on risk taking, hid
READ MORE... →Salient to Investors: Jim O’Neill at Goldman Sachs Asset Mgmt sees 1575 on the S&P 500 in 2013 but to go above 1600 would require US economic growth to rise to ridiculously strong levels of 4 percent or more. O’Neill sees a trading range for the S&P 500 of 1,500 to
READ MORE... →Salient to Investors: Mohamed El-Erian at Pimco said: Europe may contract 1 percent to 1.5 percent in the next 12 months with the private sector starved for credit and austerity policies limiting growth. Ireland’s first sale of 10-yr government bonds since its 2010 bailout is a sign of the gradual healing in Europe’s financial
READ MORE... →Salient to Investors: Beijing’s strict property curbs are forcing up rents for 7.7 million residents originally from outside of the city who are blocked from buying a home. Bacic & 5i5j say average rents in Beijing have risen 23 percent since 2010, as demand for rentals surged 82 percent – college
READ MORE... →Salient to Investors: A Pew Research Center study found: Modern parenthood is a recipe for stress American fathers spend more than twice as much time doing housework as their fathers did in 1965, almost 3 times more hours on child care, and works 5 fewer hours every week. Mothers spend
READ MORE... →Salient to Investors: The only winners in the financial crisis that brought Detroit to the brink of state takeover are Wall Street bankers who reaped more than $474 million from a city too poor to keep street lights working. Detroit’s population peaked at 1.85 million in 1950 and now is 700,000. Read the
READ MORE... →Salient to Investors: Michael Montgomery at IHS Global Insight said current work weeks are very, very, very long on a historical basis, and a cause of job growth in manufacturing, which with housing and other industries starting to join autos in supporting manufacturing, makes the job gains more sustainable. Transportation
READ MORE... →Salient to Investors: The WHO said people are living longer than ever before, but men have seen less improvement and are a generation behind women. The gap between the sexes is 7.5 years and largely due to lifestyle and occupational differences. As of 2010, life expectancy for women in Europe is 80
READ MORE... →Salient to Investors: Peter Temin at MIT and David Vines at Oxford write: The global economy succeeded in the second half of the 20th century because US power could recruit countries to cooperate to maintain prosperity, and again at the end of the 19th century led by Britain. The US
READ MORE... →Salient to Investors: Howard Wen at HSBC Securities (USA) said easier global monetary policies have positive ramifications for gold, and the key support for prices has been the emergence of Chinese physical buyers. Read the full article at http://www.bloomberg.com/news/2013-03-13/gold-trades-near-two-week-high-on-stimulus-rising-asian-demand.html Free email alerts of articles as soon as they are posted.
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