Salient to Investors: James Paulsen at Wells Capital Mgmt said concern that a surge in US bond yields will curb US growth is overblown because higher borrowing costs coupled with gains in confidence are a healthy sign for the economy. Paulsen said confidence is at the center of everything here and that since 1967, stocks
READ MORE... →Salient to Investors: Asia’s role as the world’s growth engine is waning as economies across the region weaken and investors pull out billions of dollars in favor of nascent recoveries in the US and Europe. Economists forecast Malaysia will post its second straight quarter of sub-5 percent growth this week.
READ MORE... →Salient to Investors: William Pesek writes: The economic challenges China faced in 1998 are eerily similar to those it faces today. Now, as then, economists worry China’s economy might collapse, a mountain of nonperforming loans might go bad, state-owned enterprises are stifling innovation, and social unrest might overwhelm Beijing. The
READ MORE... →Salient to Investors: Jim Rogers writes: Governments and central banks have reacted to the crisis in an artificial manner, and are only making the crisis worse – they never let the problem cure itself. Read the full article at http://blogjimrogers.blogspot.com/2013/08/they-never-let-problem-cure-itself.html Click here to receive free and immediate email alerts of the latest forecasts.
READ MORE... →Salient to Investors: Fareed Zakaria said: Both the American left and right are concerned about the declining mobility of the American dream. Countries that invest more heavily in children’s health care, nutrition, and education, well-being more generally end up with a much stronger ladder of opportunity and access than America.
READ MORE... →Salient to Investors: US companies have issued $241 billion in junk bonds this year, more than twice the amount during the same period in 2007. US stocks are near record highs. Investors’ use of borrowed money to buy stocks is up one-third in the past year to a near record. Housing prices are surging in
READ MORE... →Salient to Investors: William D. Cohan writes: Janet Yellen favors staying the course on QE. Larry Summers apparently prefers to begin winding down QE. The Yellen-Summers debate is the latest example of a decades-long tug-of-war between those inside The Club (Summers) and those excluded from it (Yellen). Almost all of
READ MORE... →Salient to Investors: Caroline Baum writes: Private foreign investors sold a net $67 billion of Treasuries in June, a record and the second consecutive monthly outflow, and sold agency securities, corporate bonds and equities. The US Treasury is looking at much higher borrowing costs as 41 percent of the debt has
READ MORE... →Salient to Investors: Paul Dwyer writes: Small business is NOT the engine of US job creation. Census Bureau data show that small businesses destroy almost as many jobs as they create. There is more geographic and economic diversity among high-tech formations than for the private sector as a whole, where
READ MORE... →Salient to Investors: The World Gold Council data show that consumer buying of gold rose 53 percent in Q2 from a year earlier, almost making up for the record sales of gold ETPs. The Council sees a dampening of demand in the next few months in India due to restrictions on imports, but
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