Salient to Investors: Mark Gertler at NYU said Obama’s activism reflects a much larger federal-government role 80 years after Hoover, as well as the development of macroeconomics, giving officials more tools now to combat a slump. Gertler said Obama’s policies in this crisis are the mirror image of what happened during the Depression. Hugh
READ MORE... →Salient to Investors: Mark Muro at Brookings said the outcome of the election will have an influence on the pace of growth in clean-energy industries. Muro said clean energy, especially clean tech, are not large job creators because they’re relatively small and very efficient technologies – 184,699 workers in 2010 in clean technology. Ethan Pollack at
READ MORE... →Salient to Investors: Swings in US stocks are at the lowest level in 6 years, an indicator that has most often coincided with incumbent parties keeping the presidency in data going back to 1900. Daily changes in the Dow have trailed the 112-year average of 0.75 percent in 13 of 17 instances
READ MORE... →Salient to Investors: Scottish money managers, including Aberdeen Asset Mgmt and Scottish Widows Investment Partnership, are investing in US regional banks. James Kinghorn at Scottish Widows Investment said regional banks are more leveraged to benefit from an improving economy than the larger banks, better relative to European banks, and attractively valued. Kinghorn said the US economy
READ MORE... →Salient to Investors: Pimco is the biggest holder of peso bonds. get loads of money Bank of America says that a Romney win could spark a selloff in Treasuries that will be mirrored in Mexican notes, the most correlated to US government bonds of any debt in Latin America. Kevin Daly at Aberdeen Asset
READ MORE... →Salient to Investors: The UBS Swiss Real Estate Bubble Index entered the risk zone for the first time since 1991. Matthias Holzhey and Claudio Saputelli at UBS said: Population growth continues to favor price increases, but prices are increasingly being supported by investment demand and by low interest rates, Continued strong increase in
READ MORE... →Salient to Investors: A deepening credit crunch for European companies adds to the risk of another recession. Small and medium-sized companies that generate as much as 70 percent of the economy are starved of credit. The median of 48 analyst estimates is for a drop of 2.3 percent against the dollar by
READ MORE... →Salient to Investors: Hedge funds cut bullish wagers on commodities by the most since June, copper holdings fell to an eight-week low, gold wagers are the smallest since September, and oil the lowest in four months. Sales trailed estimates at 59 percent of US companies that released Q3 results through Nov. 2. Rob Haworth at US
READ MORE... →Salient to Investors: Author Jeff Matthews said Buffett is elephant hunting when there aren’t a lot of elephants. Bloomberg survey shows the average estimate of Wall Street brokerages is for the S&P 500 to end 2012 little changed from its close on Nov. 2. David Kostin at Goldman Sachs said stocks may end 2012 lower
READ MORE... →Salient to Investors: Investors can’t get enough government securities even though rising debt loads are blamed for curbing global growth. For the first time since 2008, all 26 markets tracked by Bloomberg and the EFFAS are poised to generate positive returns on an annual basis. Governments are getting a handle
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