Salient to Investors: Jason Rogan at Guggenheim Partners said we are being driven by Europe, where people are showing initiative. Tom Tucci at CIBC World Markets said it’s a short-lived sell-off because of austerity – they will continue to have weak economic growth. Read the full article at http://www.bloomberg.com/news/2012-11-21/treasuries-fluctuate-as-jobless-claims-decline-match-forecast.html
READ MORE... →Salient to Investors: Yutaka Miura at Mizuho Securities said the Nikkei 225 has advanced on bullish signals including a double-bottom on November 19 above its 200-day moving average and a break out of resistance on an ichimoku chart, but volume must increase to maintain momentum and advance further. Read the full article at http://www.bloomberg.com/news/2012-11-21/nikkei-225-rally-may-falter-as-volume-wanes-technical-analysis.html
READ MORE... →Salient to Investors: Martin Feldstein at Harvard said: The US economy would still be perilously close to a recession in 2013 even if we don’t go over the fiscal cliff. The end of payroll tax cuts will reduce GDP by 1 percent, and other tax increases and spending cuts may bring over 2
READ MORE... →Salient to Investors: Pakistan ranked first in risk-adjusted returns in the past 3 years – with stock volatility lower than 82 percent of other markets – and eighth over 5 years. The KSE 100 index is at 8 times reported 12-month earnings, a 25 percent discount to its 5-year average and less expensive than equity indexes
READ MORE... →Salient to Investors: US farmers are having their most-profitable year ever because of record-high prices and insurance claims and despite the worst drought in a half century. The government predicts food inflation will accelerate next year, led by meat, dairy and baked goods. The UN said says the global cost of food imports
READ MORE... →Salient to Investors: Chinese wind-turbine makers have broken into the South American market, the world’s fastest-growing, by offering government-backed loans at interest rates as much as 50 percent lower than local offerings. Read the full article at http://www.bloomberg.com/news/2012-11-20/china-grabs-share-in-latin-america-wind-with-cheap-loans.html
READ MORE... →Salient to Investors: The UN’s World Meteorological Organization said concentrations in the atmosphere of the three main gases blamed for global warming all rose in 2011 to their highest since records began. The additional carbon dioxide will remain in the atmosphere for centuries, causing further warming and impacting all aspects of life on Earth
READ MORE... →Salient to Investors: Jan Techau at the Carnegie Endowment for International Peace said Moody’s downgrade increases pressure on France big-time and gives Germany more of an edge over France. French debt remains close to the record low reached Aug. 3, showing investors don’t share German concerns. The spread between French and German government
READ MORE... →Salient to Investors: Investors are placing a record volume of bearish bets on junk bonds by shorting State Street’s junk bond ETF that owns the notes as the debt loses value for the first month since May. Markit Group reports the volume of borrowed shares of the SPDR Barclays High Yield Bond
READ MORE... →Salient to Investors: Gold is headed for a 12th consecutive annual gain, the longest streak in data going back to 1920. Bullion held through ETPs reached a record 2,603.7 tons on Nov. 16, exceeding the official reserves of every nation except the U.S. and Germany. Investors bought 247 metric tons through
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