Salient to Investors: Vincent Reinhart at Morgan Stanley said: The US economy is on the verge of taking off even as the federal government shuts down. citing a pickup among leading indicators including the ISM factory index and homebuilder confidence. The economy’s resiliency in the face of broad federal spending
READ MORE... →Salient to Investors: Miller Samuel and Douglas Elliman Real Estate said: Purchases of condos and co-ops in Manhattan rose 30 percent from a year earlier to the second-biggest quarterly total in 24 years of record keeping. The pool of homes on the market is 22 percent lower than a year
READ MORE... →Salient to Investors: William Pesek writes: Asia represents more than half the global economy. Softbank founder Masayoshi Son’s $326 million purchase of Tokyo’s landmark Tiffany Building may be a sign Japan’s long-suffering property market is turning around – the success of this investment will be a good barometer. Every scrap
READ MORE... →Salient to Investors: Bill Gross at Pimco said: If you trust only one thing, trust that once QE is gone and the policy rate becomes the focus, that fed funds will stay lower than expected for a long, long time. The market and the Fed are wrong is forecasting fed
READ MORE... →Salient to Investors: Jim Rogers said throughout history, war caused food, energy, copper, lead etc to rise significantly. Read the full article at http://blogjimrogers.blogspot.com/2013/10/war-causes-food-energy-prices-to-go-up.html Click here to receive free and immediate email alerts of the latest forecasts.
READ MORE... →Salient to Investors: Jay Peloski at Itau said global equity market leadership is shifting from the US to the non-US developed markets. Guillermo Felices at Barclays said European and Japanese equities have more room for earnings improvement. Based on forward estimates, earnings growth in Europe is 46%, in Japan is
READ MORE... →Salient to Investors: Since 1976, the S&P 500 has risen 11 percent on average in the 12 months following a government shutdown versus an average return of 9 percent over 12 months. There have been 17 shutdowns since 1976, with 5 occurring within 3 months of each other – in
READ MORE... →Salient to Investors: Rick Rieder at BlackRock said the US won’t default on its debt nor suffer any credit-rating downgrade as occurred in 2011. Rieder said that the government understands that the effect of actually defaulting is so profound that they would never take us down that path. Read the
READ MORE... →Salient to Investors: Ethan Harris at Bank of America said: The decline in the jobless rate in August to 7.3 percent was due to Americans giving up on finding work and is forcing the Fed to struggle with how to minimize it as a policy benchmark without damaging their credibility.
READ MORE... →Salient to Investors: Nouriel Roubini at NYU said US banks are even-bigger-to-fail given consolidation. Read the full article at http://drnourielroubini.blogspot.com/2013/09/us-banks-are-even-bigger-to-fail.html Click here to receive free and immediate email alerts of the latest forecasts.
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