Salient to Investors: Fan Jianping at the State Information Center said China may cut its growth target to 7 percent for 2014, although the actual rate will be higher, and said China should stick to its annual goal of 7 percent set in the 7-year plan. Fan said the economy
READ MORE... →Salient to Investors: Greg Jackson at Jackson Park Capital looks for any size stocks of companies with: A shareholder-oriented management team, with CEOs owning stock in their companies. Strong insider buying and buying in the open market with cash that’s at least six figures in value, not acquiring shares through
READ MORE... →Salient to Investors: Stuart Hoffman at PNC Financial Services said employment was strong enough to convince central bankers to taper by $10 billion a month. Hoffman said the headcount was weak, but income earned from wages and longer hours is positive. The median economist expects the Fed to taper $10
READ MORE... →Salient to Investors: Bill Gross at Pimco said the Fed is committed to taper, which will be lite: it will probably reduce its assets purchases by $10 billion and focus on Treasury bonds. Mohammed El-Erian said there are no great choices for the Fed at this point, and today’s jobs number tells
READ MORE... →Salient to Investors: Joshua Shapiro at Maria Fiorini Ramirez said today’s jobs numbers are soggy and at odds with other data that shows things are OK. Shapiro said recent reports show pockets of strength as well as pockets of weakness in the economy. The participation rate decreased to 63.2 percent, the
READ MORE... →Salient to Investors: Leaked UN documents show ice in Antarctica and Greenland is disappearing faster and may drive sea levels higher than predicted this century. Greenland’s ice added 6 times more to sea levels in the decade through 2011 than in the previous 10 years, while Antarctica had a 5-fold increase. Walt
READ MORE... →Salient to Investors: Michael Gurka at Spectrum Asset Mgmt says the market should be considerably lower. The first clue is market resistance at the 3% yield. Gurka sees a lot of overlaps with the 1987 crisis, while today’s jobs number does not make sense and shows what a tangled web we
READ MORE... →Salient to Investors: Nouriel Roubini at NYU said: There has been a global recovery in the last year with the US recovery and reduced tail risks of a eurozone breakup and a hard landing in China. The US economy recovery is very fragile, with barely 2% GDP growth expected in
READ MORE... →Salient to Investors: The 90-day correlation between changes in the euro and a Citigroup index of bond and swaps risk has turned positive for the first time since November 2008, indicating the euro is gaining favor as investors’ perceptions of turmoil in financial markets rises. Hedge funds et al are
READ MORE... →Salient to Investors: Jim Rogers writes: Millions of entrepreneurial, driven and smart Indians want to be abroad because unless they are connected in India, they won’t be successful. Less than 50% of Indians stay in school till their 12th grade. India has relatively few universities. Read the full article at
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