Economy & Markets
The important economic and stock market news that advisors need to know.
PIMCO’s Gross: Credit Supernova Will Burn Out Money Economy
By Gil WeinreichIn what may be his most apocalyptic monthly letter in a series that for years now has been explicating the new normal, Gross says that Americas money economy is like a supernovaa bright shining star that suddenly burns out.
January 31, 2013
Richard Bernstein: ‘Greatest Bull Market of Our Lifetime’It could rival the bull market from 1982, Bernstein claims at the TD Ameritrade conference in San Diego.
January 31, 2013
Condoleezza Rice: Russia Really Just a Large Oil, Gas SyndicateFormer Secretary of State Condoleezza Rice received a warm welcome from a receptive audience at TD Ameritrade Institutionals annual conference.
January 31, 2013
Weekly jobless aid applications upThe number of Americans seeking unemployment aid rose sharply last week but remained at a level consistent with moderate hiring.
January 31, 2013
Eye On Egypt: 2013 Ripe For Big GainDespite the tumultuous time the country has been through since the 2011 Arab Spring and even though its economy is in a state of crisis, Egypts stock market was, surprisingly, one of the best performing markets in 2012. This makes investors such as Larry Seruma, Managing Principal at Nile Capital...
January 30, 2013
U.S. Economy Shrinks 0.1% in Q4, First Time Since 2009The Commerce Department said the economy shrank at an annual rate of 0.1% mainly because companies restocked at a slower rate and the government slashed defense spending.
January 30, 2013
Baha, a Gundlach Star, Recalls DoubleLine’s Stormy Beginnings"There is a 'revenge is sweet' factor, but there was also a religious and spiritual element," Baha recalled about life after TCW..
January 30, 2013
U.S. economy shrinksThe U.S. economy unexpectedly shrank from October through December for the first time since 2009.