For Retirement, Is 67 the New 65?
Life expectancy at birth is expected to rise by more than seven years in developed economies over the next 50 years, the OECD says.
BlackRock to Plan Asia Investment Fund with CIC
BlackRock is said to be planning to launch an Asia investment fund together with China Investment Corp., China’s sovereign wealth fund.
Bill Gross’ Year a ‘Stinker,’ as He Lags 92% of Peers
Citing Lipper data, PIMCO’s Bill Gross, manager of the world’s largest bond fund, lost money through November while bond indexes gained about the same amount, says the Financial Times.
Not All Angels Are From Heaven
An article by Financial Times journalist Jonathan Moules recently caught my attention.
The Perils of Exchange Traded Funds
Despite their retail-friendly image today, ETFs were originally designed as a product for professional fund managers and institutional investors, and their involvement is still high.
Soros Lists ‘3 Bold Steps’ for Avoiding Global Depression
Blame it on the policymakers, said billionaire George Soros in an opinion essay that favors letting Greece default.
China in Talks With Italy as Lender
As Greece nears default and Italy struggles to keep from losing control over its own debt problems, the latter has been engaged in talks with China over the possibility of asset sales to the Asian nation.
El-Erian, World Bank, Ministers Warn Euro, U.S. Leaders
PIMCO's Mohamed El-Erian has warned that further missteps by U.S. and European leaders risk turning today's raging crises into something more devastating. That warning came as France and Germany ruled out talks on Eurobonds.
Stocks Plummet on Downgrade, as Obama Defends AAA; Market Gurus El-Erian, Rogers Weigh In
While global markets plummeted Monday after Friday’s downgrade of U.S. debt, Obama said U.S. credit was “among the best in the world”; several market experts also gave their opinions.
Debt Crisis: U.S. Treasuries and U.K. Gilts Trade Places, Briefly
Worldwide, investors are telling the governments of advanced economies that their debt management plans are unpersuasive. For a time today, the bond market signaled that British gilts were safer than Treasuries. Meanwhile, Spanish and Italian bonds reached the danger zone Thursday.