Salient to Investors: Nancy DiTomaso at Rutgers said: You cannot network with those you don’t know, and racial inequality in the job market is not so much about discrimination as it is about favoritism. People hire people like themselves, meaning whites hire other whites. People essentially get jobs because other
READ MORE... →Salient to Investors: Hometrack said average house prices in England and Wales were up 1.8 percent from a year earlier, the most since July 2010, adding to evidence of a mini-boom in the housing market, as mortgage approvals reached their highest since 2008. The average time taken to sell a property
READ MORE... →Salient to Investors: Lu Ting at Bank of America said China’s recovery is being driven primarily by domestic demand but international demand is picking up too, and will boost market confidence in China’s recovery amid the turmoil in some emerging markets. Zhu Haibin at JPMorgan raised estimates for China’s growth
READ MORE... →Salient to Investors: William Pesek writes: If there were ever proof that ex-PM Julia Gillard was not defeated for her performance, this election campaign is it – Abbott and PM Kevin Rudd have offered nothing new or insightful to voters, and neither have come up with a plan to redefine Australia’s economy
READ MORE... →Salient to Investors: Investors pulled $2.2 billion from Thailand, Indonesia and the Philippines in August, versus inflows of $6.8 billion in 2012. Wellian Wiranto at Barclays said Singapore is a barometer for Southeast Asia; choppiness elsewhere cause ripples in Singapore. Khiem Do at Baring Asset Mgmt said Singapore’s stock market benefited from loose
READ MORE... →Salient to Investors: Fareed Zakaria writes: The World Bank says that in 1981, nearly half of all world citizens were impoverished versus less than a fifth today. However 95 percent of the total global decline has to do with China, whose poor declined by nearly 680 million people in the
READ MORE... →Salient to Investors: Hedge funds et al are making the biggest bet on a gold rally since January 22 amid mounting signs that the U.S. will lead a military strike against Syria drove prices to a three-month high. Net-bullish holdings across 18 US-traded commodities climbed to the highest since February.
READ MORE... →Salient to Investors: Michael Cudzil at Pimco said: The Fed will taper because it looks at progress over a long-term period of time, rather than any one given month, and because there are doubts among some policy makers about how effective QE has been in boosting the economy amid concern
READ MORE... →Salient to Investors: Luca Jellinek at Credit Agricole Corporate & Investment Bank said it is the third time the court turns down budget-saving measures, but ultimately it won’t derail what’s going on in Portugal, it just makes it less efficient and harder to slim down the state. Read the full article
READ MORE... →Salient to Investors: Ian Lyngen at CRT Capital said a slightly better non-farm payrolls report would trigger tapering – it is just a question of size and composition. 65 percent of economists expect tapering in September. Stone & McCarthy Research Associates said the securities scheduled to be purchased by the Fed during September
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