Salient to Investors: Stephen Jones at Kames Capital bought US Treasuries without a currency hedge, saying the pound will decline further against the dollar, and the prospect of the pound rallying is remote. Kames expects the Fed to keep its monetary stimulus. Read the full article at http://www.bloomberg.com/news/2013-03-13/pound-extending-drop-leads-kames-to-buy-treasuries-without-hedge.html Free email alerts of articles as soon as
READ MORE... →Salient to Investors: Ryan Larson at RBC Global Asset Mgmt (US) said the rally could end given few catalysts around but any pullback should be short-term provided central bank accommodation remains. The Dow recouped all its losses from the financial crisis in less than 65 months, more than a year faster than
READ MORE... →Salient to Investors: In 2012, Norway’s sovereign wealth fund, the world’s largest: near doubled investments in Australian bonds and equities increased sovereign debt fourfold and added provincial debt securities increased investments in emerging markets including Turkey, Russia and Taiwan lowered debt holdings of U.K. and France. Read the full article at http://www.bloomberg.com/news/2013-03-13/norway-fund-boosts-aussie-debt-holdings-four-times-adds-states.html Free email alerts
READ MORE... →Salient to Investors: Japan and India, Asia’s biggest energy consumers after China, are closer to unlocking natural gas deposits trapped in ice below the seabed that may prove bigger than the world’s known fossil-fuel reserves. Shale is found in only certain parts of the globe, carbon frozen with water – methane hydrates –
READ MORE... →Salient to Investors: Jeffrey Kleintop at LPL Financial said: One year or more of gains lie ahead for US stocks if history is any guide. This bull market is the 7th to last at least four years since World War II, 4 of which ran for 5 years or more,
READ MORE... →Salient to Investors: Research by Bradford DeLong at Berkeley and Lawrence Summers shows that with short-term interest rates near zero, the multiplier is at its most powerful, so increased spending could be unusually potent in reviving growth and pay for itself and bring lower deficits in the long run. DeLong said the budget cuts
READ MORE... →Salient to Investors: Charles Clowdis at IHS Global Insight said hauling oil in tank cars is creating jobs and wealth and investment opportunities – there is much crude that can’t be piped. The US expanded oil production in 2012 by the biggest amount since Titusville in 1859. The S&P Supercomposite Railroads Index has
READ MORE... →Salient to Investors: Investors sold $5.4 billion of gold ETFs in February, the most since their creation in 2003. Credit Suisse and Barclays say the 12-year gold rally will peak in 2013. Credit Suisse said gold is significantly overvalued and unlikely to return to its September 2011 record of $1,921.15.
READ MORE... →Salient to Investors: Bill Gross at Pimco said: Holdings of Treasuries to 28 percent of assets in February, after a six-month high of 30 percent in January, and cut mortgage holdings to 36 percent, the lowest level since August 2011, and cut non-US developed nations’ debt to 11 percent. Corporate credit and high-yield
READ MORE... →Salient to Investors: Jeremy Grantham at Grantham Mayo Van Otterloo says: The US is muddling through reasonably well in the short-term, but long-term we are in a slowdown unappreciated by most economists – because they are not interested in the long-term. US growth won’t ever return to previous levels because
READ MORE... →