Salient to Investors: MNS said 15,300 new rental units are under construction or planned in the next 2 years for Brooklyn, versus 1,700 planned condos. Developers see rentals as a safer bet in a market where rents are climbing faster than in Manhattan and neighborhoods such as Bushwick, Greenpoint and
READ MORE... →Salient to Investors: A new martensite metal is the prototype of a new family of smart materials that can change shape tens of thousands of times when heated and cooled without degrading, unlike existing technology. Currently, martensite metals are made of an alloy of nickel and titanium but after repeated
READ MORE... →Salient to Investors: Warren Buffett said: Congress will resolve the US debt ceiling stalemate before it seriously harms the country. One second beyond the debt limit would not do us in, but if it goes a year beyond, that would be unbelievable. US government bonds carry ‘the full faith and
READ MORE... →Salient to Investors: John C. Bluedorn, Joerg Decressin and Marco E. Terrones at the IMF said: Slumping asset prices show a recession is probably on its way for the G-7 economies as declining asset prices are significantly associated with the beginning of an economic contraction. From 1970 to 2011, stocks
READ MORE... →Salient to Investors: Richard Titherington at JP Morgan Asset Mgmt said: Everyone assumes the US debt default will be averted, but it illustrates that these are uncertain times. Emerging markets are cheap for a reason because in the last 12-24 months they disappointed and there were better returns from the US
READ MORE... →Salient to Investors: The ISM non-manufacturing index dropped to a 3-month low in September, below the lowest forecast in a Bloomberg survey of economists. Anthony Nieves at ISM said growth is continuing and manufacturing may very well pull services along. Lindsey Piegza at Sterne Agee & Lynch said underlying momentum
READ MORE... →Salient to Investors: The International Programme on the State of the Ocean said the health of the oceans is deteriorating even faster than had previously thought, and says conditions are ripe for the sort of mass extinction event that has afflicted them in the past. IPSO said the oceans have
READ MORE... →Salient to Investors: Christine Lagarde at the IMF said failure to raise the US debt ceiling is a far worse threat to the global economy than the shutdown. Lagarde said the global economic outlook is subdued, but the US and eurozone are picking up steam, and Japan is improving, though
READ MORE... →Salient to Investors: Wang Zilong at Phillip Futures said the Hang Seng China Enterprises Index of mainland stocks traded in Hong Kong is set to advance to levels unseen since May because its 50-day moving average climbed above its 100-day measure on Sept. 30, forming a golden cross for the
READ MORE... →Salient to Investors: Bill O’Neill at Logic Advisors said gold futures may rebound to $1,425 in Q4 after forming a double bottom, and supported by political uncertainty and physical demand. Holdings in gold ETPs dropped to the lowest since May 2010. Read the full article at http://www.bloomberg.com/news/2013-10-02/gold-double-bottom-signals-rally-to-1-425-technical-analysis.html words follow consumer
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