Salient to Investors: William D. Cohan writes: The appalling but unsurprising news that Robert Khuzami, the former enforcement director at the SEC is joining a prominent Wall Street law firm at a $5 million-plus salary is the latest example of the corrupt relationship between money and power in the US. Senator Carl Levin said this
READ MORE... →Salient to Investors: Jim Rogers is short India on very high debt to GDP and more government controls and regulations. Read the full article at http://blogjimrogers.blogspot.com/2013/08/jim-rogers-short-india-stock-market.html Click here to receive free and immediate email alerts of the latest forecasts.
READ MORE... →Salient to Investors: James A. Kostohryz writes: Stock valuations are currently within or even slightly above a broad range that could be considered “normal” and not at bubble levels, but unprecedented levels of excess liquidity, declining liquidity preference, and a number of fundamental, technical and psychological indicators strongly indicate a bubble is forming. Probabilities favor
READ MORE... →Salient to Investors: William Pesek writes: Former George Soros advisor Takeshi Fujimaki said Abe delaying increasing Japan’s sales tax would worsen Japan’s debt profile, while Fed tapering would cause a fresh credit crunch that would slam Japan’s bond market. When Li Ka-Shing, Asia’s richest man, is turning to Europe as Hong Kong
READ MORE... →Salient to Investors: Matthew C. Klein writes: The FRB of Chicago said it would take another 5 years to return to full employment at the June jobs pace, even with aggressive assumptions about aging, immigration and the birthrate that make the “employment gap” smaller than many believe. same day no fax
READ MORE... →Salient to Investors: James Bullard at FRB of St. Louis said the Fed should wait for evidence the labor market and economy are strengthening before tapering purchases. Bullard said the Fed will probably hold mortgage-backed securities among its assets longer than it had expected and make a decision on what to
READ MORE... →Salient to Investors: Barclays is joining Citigroup and UBS in targeting millionaire clients in Africa. Cap Gemini and Royal Bank of Canada said the number of Africans with at least $1 million of investable assets climbed 9.9 percent to 140,000 in 2012, the fastest rate of increase outside North America. Cap Gemini said 42 percent
READ MORE... →Salient to Investors: Gennadiy Goldberg at TD Securities said the labor market is losing momentum, earnings were disappointing, and consumers need to see wage growth to accelerate their spending. Retailers and restaurants accounted for 53 percent of all net new hires in July. Joan Entmacher at the National Women’s Law Center said women
READ MORE... →Salient to Investors: Takeshi Fujimaki said: A delay in increasing the sales tax and reduction of Fed stimulus could cause Japan’s government bond bubble to burst. Japan will not be able to avoid default and hyper-inflation with the tax increase, but that is no excuse not to go ahead with it. Japan’s fiscal
READ MORE... →Salient to Investors: Michael Vogelzang at Boston Advisors said the tone from central banks is that the economy is a little better but not yet at escape velocity without monetary support, and as long as there is strong accommodative policy, the market can go up a lot, driven by Fed
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