Salient to Investors: HelpAge International said: Norway is the best of 96 countries to grow old in, followed by Sweden, Switzerland, Canada and Germany. Afghanistan is the worst. Australia, Western Europe and North America rank highly. By 2050, 21% of the global population will be over 60, when 40 of the 96
READ MORE... →Salient to Investors: The last time consumer-price increases were slowing before the Fed started raising rates was in 1994, when Treasuries lost 3.3% and Greenspan doubled the benchmark rate to 6% despite inflation being at a 7-yr low of 2.5%. Gary Pollack at Deutsche Bank said the critical example for
READ MORE... →Salient to Investors: Joseph Lupton et al at JPMorgan said: The US economy will grow 3% in Q3 and into 2015, while China growth will be below its 7.5% average of the past 8 quarters. The US is mostly the dog that wags the tail: each 1% change in US
READ MORE... →Salient to Investors: Kurt Brouwer at Brouwer & Janachowski said Pimco have mishandled their corporate decisions but from a money-management perspective he has no issue with Pimco. Pimco’s Total Return Fund is on track to underperform a majority of rivals for the third year in four. Sanford Bernstein said Gross’s departure may mean
READ MORE... →Salient to Investors: Hertta Alava at FIM Asset Mgmt said Hong Kong is usually very safe so the riots are unexpected, while Russia’s economy is getting weaker. Dmitry Polevoy at ING said the market is getting closer to panic, while the ‘ghost’ of peak external debt payments in September and
READ MORE... →Salient to Investors: Michael McFaul at Stanford University sees long-term damage to Russia from Putin’s new direction. Anders Aslund at the Peterson Institute for Intl Economics sees a similar shortfall in Russia’s 2014 growth to 2013’s growth of 1.3%, and versus IMF’s 2013 forecast of 3.9%. Alexei Kudrin expects Russia to post zero
READ MORE... →Salient to Investors: The IIF reported: Emerging markets received $18 billion in total inflows in September versus the $24.4 billion monthly average from 2010 to 2013. Indian and Mexican bond markets and the Brazilian equity market had inflow gains. South Africa, Turkey and Indonesia had reduced inflows. Read the full
READ MORE... →Salient to Investors: Michael Gapen at Barclays Capital said the late 1990s was a very good period for the US economy, with Greenspan making the correct call on monetary policy; but the general consensus is that Fed policy in the run-up to the housing bust prior to the 2007-2009 recession
READ MORE... →Salient to Investors: Fareed Zakaria said: Destroying ISIS will take collaboration with Iran (which has far more influence than the US with the Iraqi government) which would have beneficial effects from Iraq to Syria to Afghanistan. While air strikes are usually successful, what usually follows is messy. The US cannot both destroy ISIS
READ MORE... →Salient to Investors: Hedge fund stars and private equity CEOs get huge headlines, but few mutual fund managers of the sort that average Americans can invest with do. Neil Pardasani at Boston Consulting said advisers like to invest in fund brands that their clients know. Investors often stick with star
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