Salient to Investors: Caroline Baum writes: Bernanke deserves credit for stabilizing the economy during the financial crisis after failing to identity the implications of the subprime crisis. The US outperformed the rest of the world in large part because of the Fed’s aggressive monetary policies. The Wall Street Journal says
READ MORE... →Salient to Investors: Bloomberg and Birinyi Associates data show stock buybacks have increased each of the last 4 years and were 6.4 percent of daily trading in the Russell 3000 Index by value through September, exceeding 2007’s level of 4.1 percent and reflect a seven-year decline in equity volume. Birinyi
READ MORE... →Salient to Investors: Richard Koo at Nomura Research Institute said: The Fed should start tapering as soon as possible to prevent a premature rise in interest rates under tapering. A December tapering would be beneficial for both Bernanke and Yellen. Bernanke began talking about tapering in May because he wanted
READ MORE... →Salient to Investors: Jim Rogers said that historically, every country in this kind of situation had problems and did not get out of it without a crisis or a semi-crisis Read the full article at http://jimrogersonthemarkets.blogspot.com/2013/12/us-debt-and-lessons-of-history.html Click here to receive free and immediate email alerts of the latest forecasts.
READ MORE... →Salient to Investors: Gary Shilling at A. Gary Shilling writes: The Fed usually starts raising the federal funds rate before economic expansions are very old but this time will wait until the wave of de-leveraging, and the related slow growth, has ended. De-leveraging after major financial crises usually takes a
READ MORE... →Salient to Investors: Barry Ritholtz cites his trading mistakes early in his career: Optimism Bias. After the costs incurred, expenses, taxes paid, time and labor invested, most of the time, it is not worth the effort to beat the market. Most traders won’t go on to become Paul Tudor Jones
READ MORE... →Salient to Investors: Thomas Stolper at Goldman Sachs said: The US dollar will weaken through 2014 to $1.40 per euro for the first time since October 2011 and there will be only marginal support from interest rates.” Fed tapering is already priced in and will be offset by the Fed
READ MORE... →Salient to Investors: Jim Rogers said that when the Fed eventually says it is going to taper, the markets will drop substantially. And that will scare the bureaucrats who will start printing again until finally the market says it won’t take the garbage paper anymore, and then the market is
READ MORE... →Salient to Investors: William Pesek is writes: The “Greenspan put” that flooded markets with cash whenever things got dicey has become the default position in Washington, while in Asia there is an even more dangerous escalation of this policy in papering over cracks in economies that desperately need tougher, structural
READ MORE... →Salient to Investors: Tian X. Hou at T.H. Capital said rising China home sales signal that the government won’t take irrational steps to curb growth of China’s property sector. Read the full article at http://www.bloomberg.com/news/2013-12-12/goldman-buy-call-spurs-e-house-rally-china-overnight.html Click here to receive free and immediate email alerts of the latest forecasts.
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