Salient to Investors: Lower implied volatility among major currencies makes investments in currencies with higher key lending rates more attractive because the risk in such trades is that market moves will erase profit. Peter Rosenstreich at Swissquote Bank said the ECB’s planned purchases of government bonds to curb the debt crisis will
READ MORE... →Salient to Investors: Bruce McCain at KeyCorp said we’re back to a period where investors become less enthusiastic as they realize the problems of the world have not gone away. Bloomberg poll estimates S&P 500 earnings will fall 1.7 percent in Q3, the first decline since 2009. Gina Martin Adams at Wells Fargo said earnings are weakening fairly quickly –
READ MORE... →Salient to Investors: Grain demand is robust and global stockpiles are tightening – USDA data shows world corn and soybean stockpiles as a percentage of consumption may drop to a 37-year low after dry weather in the US, South America and Europe. Hussein Allidina at Morgan Stanley said wheat prices will be supported
READ MORE... →Salient to Investors: The percentage of working-age adults who are employed is near a 30-year low at 63.6%, no better than when the Fed first began QE several years ago. The unemployment rate would be 9.8% if it included working-aged people who have stopped participating, and 14.7% if it included the underemployed.
READ MORE... →Salient to Investors: what do i need to get a cash advance Nat Worden says the shine has long been removed from the once-stellar reputations of corporate captains from the 1980s and 1990s, such as Jack Welch. Worden says exorbitant compensation packages for CEOs is not necessary to preserve talent,
READ MORE... →Salient to Investors: Jim O’Neill at Goldman Sachs Asset Mgmt said when we come out the other side with a different structure, we should have a much stronger world economy. John Bilton at Bank of America Merrill Lynch sees a changing complexion in global growth, ending with a more balanced world economy longer-term. Bilton said this will
READ MORE... →Salient to Investors: The former internal watchdog for the S.E.C violated ethics rules by overseeing investigations that touched on people with whom he had personal relationships. A financial adviser used the former S.E.C employee’s remarks to market a “crash-proof retirement” to senior citizens. Read the full article at http://www.bloomberg.com/news/2012-10-06/former-sec-watchdog-kotz-violated-ethics-rules-review-finds-1-.html
READ MORE... →Salient to Investors: Anyone holding an IRA or 401(k) should leave a note explaining the importance of retitling if you want your heirs to get as much tax deferral as they can from the money you leave them. The best strategy for heirs is to leave as much money as possible
READ MORE... →Salient to Investors: Lawrence Mishel at the Economic Policy Institute says: The jobs report shows nice momentum, though increase in payrolls is not fast enough to get a rapid decline in unemployment. The jobs data is not manipulated – the data is based on surveys of tens of thousands of employers and households every month.
READ MORE... →Salient to Investors: The jobs number is tremendously volatile and no one takes it at face value – especially so when the economy is making a turn or regular seasonal patterns start to change. Historically, employment numbers for workers between 20 and 24 years old drop sharply in September – by an
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