Salient to Investors: The US home ownership rate is 65% versus the record high of 69.2 percent in 2004, and back where it was two decades ago. Anthony Sanders at George Mason University said low down-payment loans coupled with exotic adjustable rate mortgages helped fuel the housing bubble, so do we want to
READ MORE... →Salient to Investors: Deanne Julius said the UK has reached the escape velocity that BoE Governor Mark Carney said economies need to achieve, and no additional monetary stimulus is warranted. John Gieve said the UK economy has turned a corner after growth accelerated to 0.6 percent in Q2, but is some way from
READ MORE... →Salient to Investors: Mark Mobius at Templeton Emerging Markets said the dissonance between actual demand and the derivative market is causing gold price volatility, but long-term rising physical demand determines prices and they will trend upwards. Read the full article at http://www.bloomberg.com/video/mobius-gold-prices-to-rise-in-long-term-IQBRF2vPQ7uZSFxx5Fk~4g.html Click here to receive free and immediate email alerts of the latest
READ MORE... →Salient to Investors: The Fed, ECB, and BoJ responded to economic shocks by casting off institutional dogma and broadening their missions. Adam Posen at the Peterson Institute for Intl Economics said unconventional policy will have to become conventional, as central banks act on a wide range of assets and directly in credit markets. Michael Gapen
READ MORE... →Salient to Investors: Money managers are betting that bond funds that are unconstrained by duration, strategy or region will attract money as interest rates rise and investors shift assets from traditional fixed-income offerings, which are limited in how they can react to falling bond markets. Unconstrained funds generally can increase in value
READ MORE... →Salient to Investors: David Einhorn at Greenlight Capital Re lowered the reinsurer’s gold and commodities holdings in Q2, and was 90 percent in stocks at the end of June. Greenlight said the stock market’s rapid advance is creating a potentially unstable condition which could resolve a number of ways and is difficult to
READ MORE... →Salient to Investors: Companies lacking pricing power have helped hold the inflation rate below the Fed’s 2 percent target for 14 straight months. Michael Hanson at Bank of America said economists and policy makers don’t see much evidence that pricing power’s going to return quickly or that inflation is going to
READ MORE... →Salient to Investors: William Pesek writes: Concerns that China is heading into a turbulent period are soundly based. No one knows if China is cascading into a crisis, not even Premier Li Keqiang. In July, the Broad Group broke ground on the world’s tallest building, expecting to build it in 90
READ MORE... →Salient to Investors: Hedge funds et al increased their net-long position in gold futures and options for the 4th consecutive week and the longest streak since October, while more than doubling bets on lower corn prices to a record net-short holding. Jeffrey Currie et al at Goldman Sachs said gold will decline
READ MORE... →Salient to Investors: Fareed Zakaria said: For 340 consecutive months, the Earth has been warmer than historic averages. 28 years ago, the Arctic was covered by ice throughout the year as it had been for centuries, but every summer two-thirds of it melts to water. In 2012, 46 commercial ships were allowed
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