Salient to Investors: Jonathan Butler at Mitsubishi Intl (Europe) expects Fed tapering for the remainder of 2013 which would be bearish for gold. 65 percent of economists expect Fed tapering in September. John Paulson cut his stake in the in the SPDR Gold Trust by 53 percent in Q2. Hedge funds et al
READ MORE... →Salient to Investors: The CDC said the US fertility rate fell to a record low in 2012, with 63.0 births per 1,000 women ages 15 to 44 years old, and versus 69.3 in 2007. Last year, the CDC said an American woman will give birth to an average of 1.88
READ MORE... →Salient to Investors: William Pesek writes that Raghuram Rajan at the RBI has no control over what really ails India, namely: Politicians spending without accountability Corruption Government transparency The red tape that is deterring investment and strangling growth. Tax policies that limit revenue streams and encourage an explosion of startups
READ MORE... →Salient to Investors: Bill Gross at Pimco said: Buy short-term Treasuries and credit securities that will be bolstered by the Fed’s intent to keep benchmark lending rates at almost zero. These assets will soon be the nearly sole focus of central banks. Buy TIPS as a hedge against the risk
READ MORE... →Salient to Investors: Sheila Bair at Systemic Risk Council, a nonpartisan group whose members include Paul Volcker and Paul O’Neill, said nothing has fundamentally changed to address the structural weaknesses of money funds. To halt the 2008 Lehman-triggered run, the Treasury Department guaranteed all money-fund shareholders against losses from default. The
READ MORE... →Salient to Investors: Retailers from Macy’s to Wal-Mart Stores missed Q2 sales estimates and cut forecasts. Jennifer Davis at Lazard Capital Markets sees a shift away from spending on apparel and discretionary items to spending on homes and automobiles as consumers feel better, are willing to spend on larger item purchases
READ MORE... →Salient to Investors: David Zervos at Jefferies said: A Lawrence Summers Fed may give financial markets even stronger support in times of stress than Bernanke. Summers is no fool and loves the art of the bailout. Summers would be more hawkish than Bernanke. Summers played a role in bailing out
READ MORE... →Salient to Investors: Robert Shiller said a housing bubble is emerging in Brazil as home prices have risen as much as twice the increase in rent prices, and housing bubbles are brewing in emerging markets including China, Taiwan, India, Russia, Colombia, Canada and Hong Kong. Shiller said Brazil prices doubling
READ MORE... →Salient to Investors: Jim Rogers writes: India should make its currency convertible, end deficit spending, and free up the economy, especially agriculture. To open a retail outlet in India is tough for Indians but takes years for foreigners. In China, there are foreign companies everywhere. Read the full article at http://blogjimrogers.blogspot.com/2013/09/you-keep-companies-out-of-india-citing.html
READ MORE... →Salient to Investors: Jim Rogers writes: All Indian companies are successful domestically because of links with the government, but apart from two software companies, few if any Indian firms who have made it big in the international scene. Many Japanese, Korean, Chinese, Taiwanese companies are very big globally. Read the
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