Salient to Investors: The International Energy Agency said global oil consumption will expand more than previously forecast in Q4 2012 and 2013 on a rebound in Chinese demand. Andrey Kryuchenkov at VTB Capital said most OPEC exporters are happy with the current market balance and price levels. Torbjoern Kjus at DNB ASA said the Saudis will cut
READ MORE... →Salient to Investors: Gold producer shares head for the first back-to-back annual drop since 1998 despite gold’s 12 years of gains because of failure to control expenses – the average cost to extract an ounce of gold by the largest miners rose 23 percent to $584.70 in 2011 versus a drop of 12 percent to
READ MORE... →Salient to Investors: Bloomberg data show that in 2011, the Teacher Retirement System of Texas’ chief investment officer made the most of any public pension employee in the 12 most populous U.S. states. The fund paid $9.7 million in bonuses, the most in those states, and is the 7th largest in the US. The
READ MORE... →Salient to Investors: Yale and University of Chicago research shows bank customers in South Africa accepted a higher rate of interest on loans when a photo of an attractive woman was included in the offer letter. Not linking the loan to a specific use also affected demand, as did the number of example
READ MORE... →Salient to Investors: The IMF said: the sharp run-up in house prices raises the risk of an abrupt decline. the property sector is the main domestic economic risk, though the odds of a slump that has major economic and financial consequences is fairly low near term. economic growth may rebound to 3 percent in
READ MORE... →Salient to Investors: Thomson Reuters reports Chinese acquisitions overseas is up 28 percent from the same period a year ago in dollar volumes versus a 2.8 percent global slump in M&A volume overall. André Loesekrug-Pietri at A Capital sees an acceleration but not an immediate flood of transactions. The real surge is likely to happen by
READ MORE... →Salient to Investors: In a Bloomberg poll: 38 percent say the US is on the right track, the best reading since September 2009, while 55 percent say the US is on the wrong track. 48 percent approve of Obama’s handling of the economy, 48 percent disapprove. 31 percent expect a better year
READ MORE... →Salient to Investors: The bond market shows no anxiety of inflation risk – the break-even rate for 5-yr TIPS, or yield difference between inflation-linked debt and Treasuries, is 2.07 percent. The median economist expects growth of 2.2 percent in 2012 and 2 percent in 2013. Dean Maki at Barclays is convinced the Fed will get it just right,, and thus is providing
READ MORE... →Salient to Investors: Clive Crook writes: Even the most pessimistic analysts expect growth to fall to 3 percent or 4 percent a year. The underlying drivers of China’s growth remain strong. new payday loan lenders bad credit China’s stimulus program during the post-2008 global slowdown was a success, and China emerged the global
READ MORE... →Salient to Investors: Saumil Parikh at Pimco said: Global growth will slow to 1.3 percent to 1.8 percent from 2 percent in 2012 as the private sector isn’t healthy enough to step in and extend credit amid deleveraging. The average economist expects growth of 2.5 percent in 2013. Central banks are effective
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