Salient to Investors: Win Thin at Brown Brothers Harriman said the knee-jerk buying of emerging-markets stocks has run out of steam for now, but tapering still looms. Joseph Lavorgna at Deutsche Bank Securities said the Fed will likely begin tapering in December and end QE by mid-2014 and increase its
READ MORE... →Salient to Investors: Warren Buffett said: The Fed is the greatest hedge fund in history because of its ability to profit from bond purchases while accumulating a balance sheet of more than $3 trillion, probably generating $80 billion or $90 billion a year in revenue for the US government, not
READ MORE... →Salient to Investors: William Pesek writes: Indonesians are outraged over bikinis but not over the right target of obscene levels of graft, and policies that have made the rupiah Asia’s most pathetic currency. The more voters obsess about exposed skin, the less the fraudulent class has to worry about being
READ MORE... →Salient to Investors: Katja Taipalus at the Bank of Finland said asset prices have been one of the main components as financial crises have built up, while bubbles have common characteristics. Taipalus said a bubble is people believing that prices will go up and that they can exit the market before it
READ MORE... →Salient to Investors: Jim Rogers said the Renminbi is the only currency on the rise and that can replace the US dollar one day. Read the full article at http://blogjimrogers.blogspot.com/2013/09/jim-rogers-talks-about-renminbi.html Click here to receive free and immediate email alerts of the latest forecasts.
READ MORE... →Salient to Investors: 30-year mortgage rates were at 4.86 percent last week. Robert Bostrom at Greenberg Traurig said the Fed finally realized that housing is fading in anticipation of the tapering and even higher rates, and could not taper without irreparable damage to the housing recovery. Anish Lohokare and Timi
READ MORE... →Salient to Investors: Ray Bakhramov at Forum Global Opportunities Fund said: What we have seen so far is just a preview as a bottoming in any asset class typically takes 4 years. The combination of slower growth and Fed tapering will accelerate redemptions, triggering a slump for stocks, debt and
READ MORE... →Salient to Investors: Saumil Parikh at Pimco said: Global growth will increase to 2.25 percent to 2.75 percent through September of 2014 as US and European policy won’t hamper growth as much as in the past, private sector confidence strengthens as global wealth increases, and central banks use monetary policy
READ MORE... →Salient to Investors: Jim Reid et al at Deutsche Bank said: Returns on 10-yr Treasury notes adjusted for inflation were an annualized 4.5 percent in the 100 years before the Fed and under 2 percent in the 100 years after the Fed was born in 1913, while the return on
READ MORE... →Salient to Investors: Mark Spindel at Potomac River Capital said Janet Yellen would welcome a little more inflation because of the costs of too-low inflation are high, but would not let inflation run away. Stephen Oliner at the American Enterprise Institute said Yellen has very little tolerance for inflation above
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