Salient to Investors: Guy Wolf at Marex Spectron Group said short-term the oil market is oversupplied as the Saudis flood the market at a seasonally weak demand period, but Brent crude will rise toward $125 this year as global growth picks up and the market tightens. Fatih Birol at the International Energy Agency said prices around $110 are possibly
READ MORE... →Salient to Investors: Alan Krueger of the White House Council of Economic Advisers said the falling jobless rate shows the economy is continuing to heal. Alan Abramowitz at Emory University said the unemployment drop to under 8 percent is symbolically important to voters and dominate news coverage for several days and blunt Romney’s debate
READ MORE... →Salient to Investors: Douglas Cote at ING said the recent coordinated global monetary stimulus is showing up in employment, manufacturing, services and consumer sentiment going from weakening to strengthening. Philip Orlando at Federated Investors expects Draghi to keep his foot off the accelerator. Analysts forecast an end to coal’s longest slump in seven
READ MORE... →Salient to Investors: William O’Neill at Logic Advisors said a global accommodative stance will continue to support gold. UBS said its physical gold sales to India yesterday were the highest since April as the rupee strengthened against the dollar. Read the full article at http://www.bloomberg.com/news/2012-10-04/gold-jumps-in-london-on-signs-of-demand-in-india-weaker-dollar.html
READ MORE... →Salient to Investors: No U.S. law prevents a convicted felon from managing a hedge fund, as long as that person isn’t required to be registered under the Investment Advisers Act. Wall Street crooks either get rich by cheating their clients or by cheat for their clients. The stock market is soaring
READ MORE... →Salient to Investors: John Paulson decreased his firm’s hedges after the Fed outlined additional steps to boost the economy and the ECB took measures to guard against a sovereign default. Read the full article at http://www.bloomberg.com/news/2012-10-04/paulson-s-gold-advantage-said-to-pare-losses-in-september-1-.html
READ MORE... →Salient to Investors: Analysts say a new breed of conservationists is curtailing sales of electricity and driving an unprecedented shift in the U.S. power industry – power use per unit of economic growth fell to a record in 2011. Demand for electricity is shrinking even as economies grow, eroding sales and profit
READ MORE... →Salient to Investors: Hedge funds are turning away from a rally in the global stock market for the first time this year. The ratio of bullish to bearish bets is below historical averages. Bulls say gains will rise as managers who have trailed benchmark indexes most of the year buy. Bears
READ MORE... →Salient to Investors: Paul Krugman of Princeton University said: The US and EU are nowhere close to ending the financial crisis and German-led austerity efforts may lead to a 1930s-style economic depression. The US needs maximum help from the Fed and another round of stimulus -which should be directed to distressed individuals
READ MORE... →Salient to Investors: Lender Processing Services report home loans were repaid in August at a pace that would erase 25 percent of the debt in a year. Herb Blecher at LPS Applied Analytics said the interest rate environment is favorable to get a new loan even for those who refinanced recently. Home sales increased
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