Salient to Investors: Toronto has more skyscrapers under construction than any other city in the world. John Andrew at Queen’s University said people buying units purely as an investment and not to live in is a sign that the Toronto market is on thin ice – the luxury market always feels the cracks of a
READ MORE... →Salient to Investors: Americans have missed $200 billion of stock gains by draining money from the market in the past 4 years. Since the bull market began in March 2009, the proportion of retirement funds in stocks fell 0.5 percent versus the average rise of 8.2 percent in rallies since 1990. ICI
READ MORE... →Salient to Investors: askdesigns.com/html_files/ Hometrack said UK house prices will decline 1 percent in 2013 – London will outperform the national market but price growth will slow to 2 percent. Richard Donnell at Hometrack said affordability constraints and a general unwillingness to take on debt will continue to be a drag on the housing market in 2013.
READ MORE... →Salient to Investors: Fareed Zakaria writes: Pete Peterson says the current deficit is not the problem, and is even in favor of additional stimulus spending. His overriding concern has always been the the massive structural deficits we face as baby boomers start retiring. In 1900, 1 in 25 Americans was
READ MORE... →Salient to Investors: In March 2013, up to 79 percent of swaps must be backed by collateral and go through clearinghouses. Lloyd Blankfein at Goldman Sachs said clearinghouses could be the world’s biggest systemic threat. Supurna VedBrat at BlackRock said they are the new too-big-to-fail. JPMorgan is the biggest swaps dealer in the US with $72
READ MORE... →Salient to Investors: Manish Singh at Crossbridge Capital said the broad expectation is there will be no disaster over the fiscal cliff, and investors are getting excited about Japan again. Read the full article at http://www.bloomberg.com/news/2012-12-21/european-stocks-post-fifth-weekly-gain-sbm-shares-surge.html. Click here to receive free email alerts of articles as soon as they are posted.
READ MORE... →Salient to Investors: The number of people sued by the SEC or charged with insider trading by the Justice Department has more than doubled since 2008 – 22 percent involving health-care stocks. Bankers, lawyers, accountants, doctors, traders, analysts, hedge-fund managers, company chiefs, pharmaceutical executives and movie producers, lovers, neighbors, classmates
READ MORE... →Salient to Investors: Bill O’Grady at Confluence Investment Mgmt said Boehner clearly is weakened as he couldn’t even deliver any tax increase, so we will go past Jan. 1 without an agreement – recession means $50 oil. The Thomson Reuters/University of Michigan consumer sentiment index decreased to 72.9, the weakest since
READ MORE... →Salient to Investors: UK inflation-protected bonds are poised for their worst year in more than a decade as government proposals to change the way it calculates a gauge of retail prices threaten to lower payments on the debt. Capital Economics said a recalculation of inflation indexes may save the government 7
READ MORE... →Salient to Investors: Average incomes for individuals ages 25 to 34 have fallen 8 percent, double the adult population’s total drop, since December 2007, while their unemployment rate remains one-half to 1 percent above the national figure. Cliff Zukin at Rutgers said generation Y will be permanently depressed and on a lower
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