Salient to Investors: Stanley Druckenmiller said: The poverty rate for seniors over the last 35 years has dropped from 35% to 9%, while their wealth has dramatically increased The numbers of seniors is about to explode and there is no way we can pay for what we have promised them. The US
READ MORE... →Salient to Investors: Policy makers and some Wall Street veterans see a banking system still too leveraged, complicated and interconnected to withstand a panic, and regulators ill-equipped to head one off — the same conditions that led to the last crisis. Stefan Walter said we are safer, but not safe
READ MORE... →Salient to Investors: Mortgage lenders are warning that the drop in demand for refinancing may be steeper than expected as surging interest rates crimp demand and cast doubt on how much the housing market will improve. Guy Cecala at Inside Mortgage Finance said yesterday’s Wells Fargo comments and Bank of
READ MORE... →Salient to Investors: Goldman Sachs, Visa, and Nike will replace Bank of America, Hewlett-Packard, and Alcoa in the Dow Jones Industrial Average – the biggest reshuffling since April 2004 – boosting the influence of banking and computer companies. Dow proportions are determined by stock price and not market value, so
READ MORE... →Salient to Investors: Jim Rogers writes: Some of the Indian government’s growth projections over the last few years are comparable with those of China, but where are the schools, the highways, the infrastructure, the housing? Read the full article at http://blogjimrogers.blogspot.com/2013/09/if-you-go-back-over-last-few-years-you.html Click here to receive free and immediate email alerts of the latest
READ MORE... →Salient to Investors: Herbert Perus at Raiffeisen Capital Mgmt said sentiment has changed, Syria is not as big a problem as the possibility of a military strike seems low: markets can rise until the end of the year. Perus said international investors are more aware that European markets are not
READ MORE... →Salient to Investors: Julian Brown at JLT Employee Benefits said: UK pension funds are seeking alternatives to index-linked gilts for inflation-protected cash flows as the securities are very expensive and giving negative real yields. Ten-year index-linked gilts have yielded less than zero since September 2011. The funds are diversifying into assets such as infrastructure and
READ MORE... →Salient to Investors: Tim Sloan at Wells Fargo said rising mortgage rates won’t slow the housing recovery because new families are being created and homes are still affordable. Read the full article at http://www.bloomberg.com/news/2013-09-09/wells-fargo-says-rising-rates-won-t-snuff-out-housing-recovery.html Click here to receive free and immediate email alerts of the latest forecasts.
READ MORE... →Salient to Investors: America’s biggest employers are increasingly moving retirees to insurance exchanges where they select their own health plans, a historic shift that could push more costs onto US taxpayers. Towers Watson said 44% of companies plan to stop administering health plans for their former workers over the next
READ MORE... →Salient to Investors: Scotiabank and Bank of America said India, Brazil, Russia and Indonesia have intervened in foreign-exchange markets, and dollar sales mean liquidating Treasuries. Ali Jalai at Scotiabank said there is a lack of buyers in the Treasury market, while selling by central banks to back up their currencies exacerbates
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