Salient to Investors: Copper traders are the most bearish since June 1 as growth slows from China to Europe. International Copper Study Group said supply will outpace demand in 2013, the first glut in four years, and the biggest in more than a decade. Goldman Sachs predict the surge in copper demand
READ MORE... →Salient to Investors: Pimco said 5 percent of the Total Return Fund was in municipal debt last month, the first that high a percentage in consecutive months since at least 2006. City and state debt has returned 3.7 percent in 2012 after accounting for price swings, versus 0.6 percent for Treasuries – would
READ MORE... →Salient to Investors: Gary Cohn at Goldman Sachs says: There is a small probability that the euro area will stick together, and it’s more likely that some countries will exit to pursue growth. The ECB program hasn’t addressed the lack of growth – Europe still needs a “Lehman moment”. Southern Europe has no
READ MORE... →Salient to Investors: China’s biggest banks are resisting government pressure to lower borrowing costs amid an economic slowdown as they seek to maintain the profitability of their lending operations. Banks are not authorized to speak publicly. Rainy Yuan at Masterlink Securities said banks can no longer afford to ramp up lending
READ MORE... →Salient to Investors: A U.S. drought is adding to the risk of a rebound in inflation in China. Credit Agricole CIB says the Chinese inflation rate may approach 4 percent by year-end, Citigroup estimates 3.5 percent. Dariusz Kowalczyk at Credit Agricole CIB said inflation will rise in Q4 as pork and other food prices climb
READ MORE... →Salient to Investors: Michael Lewis writes about hard times for Wall Street kids. Read the full article at http://www.bloomberg.com/news/2012-10-10/wall-street-s-forgotten-victims-have-some-advice.html
READ MORE... →Salient to Investors: Neil Mellor at Bank of New York Mellon said we are heading into a far more difficult period for the world economy and an exacerbation of currency wars. Kit Juckes at Societe Generale said rich nations are becoming increasingly irritated by exchange rates they see as overvalued, and the currency wars are
READ MORE... →Salient to Investors: Mark McCombe at BlackRock said China’s economic growth is poised to recover after once-in-a-decade leadership transition, and boost stock markets . The focus on consumption will benefit health-care and education stocks. BlackRock and Citigroup say policies to boost China’s growth will be clearer after the leadership change. Other analysts. Chen Ruiming at Haitong Securities
READ MORE... →Salient to Investors: Credit Suisse said: Australians have a median wealth per adult of $193,653, the world’s highest. median worth The Asia-Pacific region topped Europe as the largest wealth-holding region Australia’s proportion of individuals with wealth above $100,000 is the most of any country and eight times the world average
READ MORE... →Salient to Investors: Paul Farrell writes: The fashion industry is betting megabucks on the future of America’s economy and stock market. At the peak of the 1990s mania tech magazines were also bloated with hundreds of pages of ads. Ad pages signal economic health. Barnes & Noble’s racks are filled with
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