Salient to Investors: Jim Rogers writes: Japan says it will print unlimited amounts of money, the Fed says it can print a trillion dollars a year, and the ECB says it will do “whatever it takes.” The people getting the gigantic ocean of liquidity are having a wonderful time but it
READ MORE... →Salient to Investors: Continued stimulus on cooling global growth led by weakening in developing nations amid stagnant inflation and job growth in much of the industrial world risks inflating asset bubbles central bankers will have to face later. Talk of unsustainable home-price increases is spreading from Germany to New Zealand,
READ MORE... →Salient to Investors: Richard Fisher at FRB of Dallas said fiscal discord has undermined the case for tapering bond purchases, which tend to debase the dollar. Richard Franulovich at Westpac Banking said tapering is looking less and less likely, and sees an opportunity in the next few months for currencies
READ MORE... →Salient to Investors: The median estimates of the 10 most-accurate precious metals analysts tracked by Bloomberg over the past 2 years predicts gold will drop to an average $1,250 in Q4 2013, $1,225 in Q1 2014, $1,195 in Q2 2014, and a 4-year low of $1,175 in Q3 2014 due
READ MORE... →Salient to Investors: Claire Chaves D’Oliveira at Groupama Asset Mgmt sees a risk of a mismatch between investor optimism and company earnings, and says companies have surprised today on the downside on very well-known macro situations, like an emerging-market slowdown, but analysts have not kept up. Dagong Global Credit Rating
READ MORE... →Salient to Investors: Disruptions to the economy prompted speculation the Fed would maintain the pace of its $85 billion in monthly bond purchases. BlackRock Inc. and Pacific Investment Management Co. say the Fed will postpone tapering as a result of the debt-ceiling debate. Russ Koesterich at BlackRock said the disruption
READ MORE... →Salient to Investors: The IMF said: Advanced economies are gradually strengthening while growth in emerging-market economies has slowed. The effects of any failure to repay US debt would be felt right away, leading to potentially major disruptions in financial markets, both in the US and abroad, though this has a
READ MORE... →Salient to Investors: Mark Hanson at Hanson Advisers, who predicted the 2007 housing crash, said: Housing prices will decline 20 percent in housing prices in the next 12 months due to rising interest rates and less speculative private-equity buyers. Half of the gains since the bottom in 2011 could be
READ MORE... →Salient to Investors: Managed futures turned out to be good for brokers and fund managers but not for investors. During the decade ended in 2012, over 30,000 investors put $797 million in a managed-futures fund called Morgan Stanley Smith Barney Spectrum Technical LP, which already had $341.6 million invested during
READ MORE... →Salient to Investors: The Dow looks primed to finish the week less than 100 points below where it opened Monday, just before the government shutdown started. David Ader at CRT Capital said we are all surprised the markets have not sent more of a signal. On the day Congress initially
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