Salient to Investors: Jim Rogers said that for the first time in recorded history all major central banks are insanely printing a lot of money, trying to debase their currencies. The world is floating on a huge artificial sea of liquidity, and when it dries up, we will all pay
READ MORE... →Salient to Investors: Barclays and Credit Suisse are predicting lower commodity prices as supplies increase. Dan Heckman at US Bank Wealth Mgmt said the US economy is showing ample signs of growing, and so the Fed will start looking at tapering by early next year. Heckman is underweight on commodities
READ MORE... →Salient to Investors: Chad Morganlander at Stifel Nicolaus said the market is fairly valued at best and will require an improving economic and earnings outlook well above where we stand. S&P say the S&P 500 has not fallen more than 10 percent since October 2011, the longest stretch without such
READ MORE... →Salient to Investors: Axel Merk at Merk Investments said it is a very real concern of countries to keep their currencies weak, and Draghi has persistently been trying to talk down the euro since earlier this year. Neil Mellor at Bank of New York Mellon sees a new era of currency wars, and sees a change in
READ MORE... →Salient to Investors: The poor and the wealthy respond differently to austerity and stimulus. Rich people plan for the future, save during a stimulus, thinking about the taxes to come, and can borrow during a fiscal contraction. Economists in the 1970s and 1980s erroneously assumed that people were rational and
READ MORE... →Salient to Investors: Bill Mann at Motley Fool Asset Mgmt said the Fed has decided to reward risk behavior and that is what we will get, so the market will keep hitting new highs until the stimulus reverses itself. Jan Hatzius at Goldman Sachs said the Fed will considerably increase
READ MORE... →Salient to Investors: The NACUBO and the Commonfund Institute said US college endowments allocated 47 percent of their investment portfolios to alternative assets in the year ended in June, versus 54 percent the prior year. NACUBO-Commonfund said colleges earned an average endowment investment return of 11.7 percent in the year
READ MORE... →Salient to Investors: Lloyd Blankfein at Goldman Sachs said the US is the brightest spot in the global economy: US recovery is shallow but established. Blankfein said globally we will muddle through. Will Tseng at Mirae Asset Global Investments said US growth is moderate, but better than Europe or Japan.
READ MORE... →Salient to Investors: Price gains for London’s most expensive homes have stalled this year on tax rise concerns and high asking prices. Savills said London houses and apartments valued at more than 15 million pounds showed almost no gain in the year through September, versus a rise of 5 percent
READ MORE... →Salient to Investors: Housing in Australia accounts for 60 percent of average household wealth versus a global average of 45 percent. Average household debt has been near 150 percent of annual income since 2006 versus 135 percent in the US. House prices have not fallen more than 10 percent in
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