Salient to Investors: Paul Krugman at Princeton: US economy is terrible with 4 million out of work for over a year, causing devastation to families and damaging to the economy’s long-term future because its harder for them ever to re-enter the workforce. The whole private sector is paying down debt, and if everyone tries to do
READ MORE... →Salient to Investors: Jeffrey Hirsch at Stock Trader’s Almanac writes: Presidential elections have a profound impact on the economy and the stock market. The last two years of the 44 administrations since 1833 produced a total net market gain of 724 percent versus the 273.1 percent gain of the first two years. Presidents
READ MORE... →Salient to Investors: Fareed Zakaria said: Outsourcing jobs to ensure a company’s survival is acceptable and is how you run a business. America needs and already has a tax and regulatory structure that creates strong incentives for private businesses to flourish. The great shift in the U.S. economy over the past
READ MORE... →Salient to Investors: Over the last two decades, US recoveries have been slow and jobless, In every recession from 1948-1990, jobs came back to pre-recession levels an average six months after the economy returned to its pre-recession level. In the 1990s, jobs came back 15 months later, and since 2001, 39 months later. McKinsey
READ MORE... →Salient to Investors: Chris Rupkey at Bank of Tokyo-Mitsubishi said the job creation through June is enough to put Americans back to work – the 153,000 average in 2010 was fast enough to lower the unemployment rate 90 basis points in 2011 to 8.5 percent. Read the full article at http://www.businessinsider.com/chris-rupkey-june-private-payrolls-2012-7
READ MORE... →Salient to Investors: Kishore Mahbubani of Lee Kuan Yew School of Public Policy said the era of the West changing governments is over, Western power has peaked and will decline. The more the West isolates Iran , the more Iran becomes a geopolitical gift to China, which will accept it. China can get
READ MORE... →Salient to Investors: Fareed Zakaria said 49 percent of Americans polled said economic conditions were good or excellent in the city they lived in, 37 percent said the same about their state, 25 percent about the US, 18 percent about Europe, 13 percent about the world economy. Housing is finally is recovering and will have big ramifications for
READ MORE... →Salient to Investors: Suze Orman says: There is only one way to pay down credit card debt, from the highest interest rate down and pay the minimum on every card. Asking banks to lower the interest rate doesn’t work anymore. If you have a good FICO score then do a balance transfer
READ MORE... →Salient to Investors: Suze Orman says: There is nothing more important in your life than financial independence Every state has a statute of limitations after which creditors cannot chase you – for example 6 years in New York. Collectors often accelerate calling just before the statute of limitations is up. If you promise
READ MORE... →Predictions: Ibbetson Associates said that the next 20 years are not likely to yield a bond bonanza, favors stock investing – the S&P 500 stock index will return an average 7.6 percent, and long-term government bonds 4.1 percent. Joseph Davis at Vanguard expects future bond returns to be muted, and stock returns formidable. Davis
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