Salient to Investors: Gail Whiteman at Erasmus University and other scientists say that the release of large amounts of methane from thawing permafrost in the Arctic could cost $60 trillion, or roughly the size of the global economy in 2012, with impacts most likely to be felt in developing countries, which are more
READ MORE... →Salient to Investors: Top investing myths: Buy and hold forever. Better to buy and protect as companies and economies change. Have an exit plan to guard against catastrophic loss. Only performance matters. Let you investment objectives guide your investment selection and diversity. Charts are for traders. Charts are important tools
READ MORE... →Salient to Investors: ARM applications in late June rose to the highest level since 2008. loan pay Cameron Findlay at Discover Financial Service said we’ve seen a shift in the way people look at adjustable-rate mortgages: they are still skeptical but the sticker shock of fixed rates is making them
READ MORE... →Salient to Investors: George Friedman writes: China has been in an economic crisis for a while, unrecognized outside China and particularly in the US. Paul Krugman last week wrote in The New York Times that the signs that China is in big trouble are unmistakable, its economic system has reached
READ MORE... →Salient to Investors: Matthew C. Klein writes: The Wall Street Journal reports that well-to-do young Americans prefer to invest into “safe” luxury real estate rather than “risky” equities. The article could have been written in 2002 or 2003 before the housing bubble and bust. $100 invested at the market peak
READ MORE... →Salient to Investors: A. Gary Shilling at A. Gary Shilling & Co writes: The outlook for the labor market remains bleak. Older Americans are holding onto jobs longer, limiting openings for newcomers, and employers are extending working hours and paying overtime rather than hiring. In June 2013, almost 11 million people
READ MORE... →Salient to Investors: Nouriel Roubini writes: QE is not creating credit for the real economy, but instead boosting leverage and risk-taking in financial markets. The issuance of risky junk bonds is increasing and the stock market is at new highs, despite the growth slowdown. Money is flowing to high-yielding emerging markets.
READ MORE... →Salient to Investors: 50% of economists expect tapering in September to $65 billion, versus 44% in last month’s poll, 15% in October, and 28% in December. 50% expect the Fed to end QE in Q2 2014, 24% by Q3 2014. 51% said monetary policy is too easy, 10 percent said it is too tight.
READ MORE... →Salient to Investors: A strengthening economy that cause more Americans to seek work would paradoxically make it harder to lower the unemployment rate to the Fed’s target level. The BLS estimates there are 2.6 million interested in working who remained outside of the labor force because of discouragement, illness, or school. Joel Prakken at Macroeconomic
READ MORE... →Salient to Investors: Value of sliver found is $36 million versus the cost of exploration and salvage of $21 million at a depth 3 miles, versus 2.5 miles for Titanic. There are 3 million estimated wrecks in the ocean. Watch the video at http://www.bloomberg.com/video/61-tons-of-silver-scenes-of-3-mile-treasure-haul-Y_iIM_YoQ2KA1foiCLR1Rw.html Click here to receive free and immediate
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