Explaining the Market’s Explainers
Often, they seem to be saying “I don’t like that!” but lack either the awareness or courage to acknowledge the subtext of what they’re saying.
SEC Chief White: Fiduciary Rulemaking Just Getting Started
Any such rule is “still a 'whether' question," SEC chairwoman says, pointing out she is only "one of five votes" on the commission.
CFPB’s Independent Funding Nixed in Senate Budget Plan
GOP senator calls CFPB “a rogue agency,” but consumer groups say independent funding shields it from Wall Street pressure.
Ritholtz: The Worldwide Deficit of High-Quality Debt
Observers like Jeffrey Gundlach and Gary Shilling expect rates on quality long-term bonds to stay low because of a limited supply, Barry Ritholtz writes.
All Eyes on SEC Chief to Move Fiduciary Forward, FINRA’s Ketchum Says
Meanwhile at SIFMA's regulatory conference, the Wall Street lobby released a study challenging the White House's claim that conflicted advice costs investors $17 billion annually.
Obama Signs Student Aid Bill of Rights
Obama's student loan directive would create a new complaint system for student borrowers and ease loan repayment.
U.S. Chamber of Commerce Vows to Use ‘Every Tool’ Against DOL Fiduciary Plan
Meanwhile, ex-EBSA chief Brad Campbell hopes the plan won't block investors from receiving IRA rollover advice.
Cigars, Etc.: Cuban Development on Cuban Terms
Although it is going to take some more time before the U.S. trade and investment embargo is fully lifted, Cuba presents an incredible investment opportunity.
The Third Rail of American Politics Is Live
The Congressional Budget Office's economic outlook for the next 10 years, released in late January, found that the federal deficit will balloon to 4% of GDP by 2025 from 2.8% today, thanks in large part to entitlement programs like Social Security.
Best Finance Tweets of the Month: February 2015
How economics nerds celebrate Valentine's Day, what Janet Yellen must really think of Audit the Fed, and more highlights from the Twittersphere this month.