Salient to Investors: Two-thirds of investors surveyed by Bloomberg described the global economy as either stable or improving. the most since May 2011. The investors said the US offered the best opportunity over the next year for the eighth straight quarter. Goldman Sachs recommended buying Indian stocks. Read the full article at http://www.bloomberg.com/news/2012-11-29/asian-stocks-gain-with-oil-on-u-s-budget-optimism-gold-rallies.html
READ MORE... →Salient to Investors: Koji Toda at Resona Bank said people are buying Japanese shares because prices are too low, even with the economy in a rut. Kathy Matsui at Goldman Sachs predicts the Topix will reach 930 within a year and profits will rise 20 percent in the fiscal year starting in April. Matsuis expects the LDP,
READ MORE... →Salient to Investors: In a Bloomberg global poll of investors: 75% expect a short-term agreement to avert the fiscal cliff, 6% expect to go over the cliff and into a recession. 40% expect financial markets to rise after a short-term tax-and-spending deal, 28% see no significant market reaction, 26% say markets would fall. 7% see no sweeping accord, 50%
READ MORE... →Salient to Investors: Copper shortages will extend into half1 2013 due to an accelerating China more than doubling the pace of growth in global consumption even as mines extract a record amount of metal. Barclays predicts demand will outpace supply in half 1 2013 by more than all copper in LME warehouses, before a
READ MORE... →Salient to Investors: Ding Zhijie at the University of International Business and Economics said: China has noticeably reduced purchases of dollars from local banks to allow commercial banks to trade among themselves, which may cap China’s foreign-exchange reserves and consequently its demand for US government debt. China’s official foreign-exchange reserves will be stable
READ MORE... →Salient to Investors: Anthony Valeri at LPL Financial said the market is definitely not concerned about the US becoming Greece. Long term, projected increases in health-care costs will make the US budget path unsustainable. The CBO says debt as a percent of the economy exceeds 70 percent for the first time since
READ MORE... →Salient to Investors: Asian investors are the biggest buyers of office property in the City of London in 2012. A weak pound, safe haven reputation, and returns that beat financing costs makes London the world’s most attractive city for foreign property investment. Development is slower than demand, prices are 25 percent below 2007
READ MORE... →Salient to Investors: Housing doesn’t change the trajectory of the economy because it has contributed only 2.5% of US GDP after before the recession. Before the recession housing peaked around 6% and the average is in between. Watch the video at http://www.bloomberg.com/video/does-the-housing-sector-really-help-grow-gdp-NnDP7KDpRC60tTIrJlj7_w.html
READ MORE... →Salient to Investors: The OECD said: Failure to prevent the fiscal cliff would increase the risk of a global recession. The greatest threats to the world economy lie in the euro area, whose debt crisis urgently need fixing. Reducing the large federal budget deficit is necessary to restore fiscal sustainability, but should be done gradually
READ MORE... →Salient to Investors: Warren Buffett said: JPMorgan Chase CEO Jamie Dimon would be the best person to replace Geithner in a financial crisis – world leaders would have confidence in him. If you run an army, a church, a government, any large institution, people will go off the reservation sometimes. The economy
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