Salient to Investors: Andy Borowitz reports that the University of Minnesota’s Opinion Research Institute found that Americans hold US billionaires in the lowest ever esteem, and the majority would like to see them deported. Read the full article at http://www.newyorker.com/humor/borowitz-report/sentiment-building-to-deport-nations-billionaires Click here to receive free and immediate email alerts of the latest forecasts.
READ MORE... →Salient to Investors: David Stockman writes: Total non-farm labor hours are no higher than in Q4, 2007 and only 1% higher than in the spring of 2000, meaning we have added virtually no new employment to the US economy over 2 business cycles. Over the 29 quarters after the 1990 business
READ MORE... →Salient to Investors: David Stockman writes: Economists Piketty and Krugman are zero-sum anti-capitalists. Real capitalism cannot thrive unless inventive and entrepreneurial genius is rewarded with outsized fortunes. Massive central bank intervention is not necessary for capitalism to thrive. The free market does not perennially slump toward underperformance and depressionary collapse
READ MORE... →Salient to Investors: David Stockman writes: The Fed has generated a $50 trillion financial bubble and made money and capital markets to little more than gambling casinos. Speculative rent-seeking in the financial market has replaced entrepreneurial innovation and supply side investment and productivity, resulting in a severe drop in real growth and a
READ MORE... →Salient to Investors: Fareed Zakaria said: The US justice system is a rubber stamp for the prosecution due to America overreacting to the crime wave of the 1970s and enacting bad legislation. The vast prison industrial complex lobbies aggressively, which means more arrests, lockups, and prisons. Conrad Black says: The US has
READ MORE... →Salient to Investors: Fareed Zakaria said: Radical Islam is the default ideology of anger, discontent and violent opposition for a small number of alienated young Muslim men around the world. Only Muslims and particularly Arabs can cure this cancer. In the 12 years between 9/12/01 and 2013, only 42 Americans
READ MORE... →Salient to Investors: William Emmons at FRB St. Louis said: Americans born between 1928 and 1945 have become the richest old generation ever by benefiting from improved health, a more generous social safety net, an exit from the job market ahead of the past recession, rebounding stock and home values, and
READ MORE... →Salient to Investors: Gender inequality in median earnings adjusted for inflation is still significant. In 2013, women earned 78 cents for every dollar that a man made versus 77 cents in 2012. Women are more likely to be impoverished than men, especially for women 65 and older. In 2013, 2
READ MORE... →Salient to Investors: The Social Mobility and Child Poverty Commission found: The UK is deeply elitist and small elites, educated at independent schools and Oxford/Cambridge still dominate top roles 71% of senior judges, 62% of senior armed forces officers, 55% of top civil servants, 50% of the House of Lords,
READ MORE... →Salient to Investors: Philip Vermeulen at ECB and Gabriel Zucman at London School of Economics said the wealth of the super-affluent is undercounted because of tax shelters and non-responses to questionnaires. Zucman said the top 0.1% of Americans with at least $20 million in net wealth owned 23.5% of all US
READ MORE... →