Economy & Markets
The important economic and stock market news that advisors need to know.
PIMCO’s Gross Says Fed Easing Will Happen Despite Upward Revision of Q2 Growth
By John SullivanDespite arguments that upward revision of growth will table the Federal Reserves plan, the PIMCO boss says it will happen.
August 29, 2012
Few Think Bernanke Will Signal Action at ConferenceEconomists who monitor the Fed doubt Bernanke will say anything dramatic when he speaks at an annual economic conference in Jackson Hole, Wyo.
August 29, 2012
Investor, Consumer Confidence Hit Lows in AugustStill, both groups remain more upbeat about their financial situation and the markets, Spectrem and the Conference Board found.
August 29, 2012
China Caused 2008 Crisis: StudyRather than financial weapons of mass destruction, it was a Chinese saving frenzy that created the U.S. housing bubble, Dutch researchers concluded.
August 29, 2012
Buffett’s $8 Billion Trade Isn’t a Bet Against Munis: LPL’s ValeriWarren Buffetts sale of $8 billion in muni derivatives was a profitable trade, not a comment on the value of the muni market, says the LPL market strategist.
August 29, 2012
IPOs Could Get Easier in U.K.The U.K. is considering mimicking key provisions of the U.S. JOBS Act, including offering more lenient rules on IPOs.
August 29, 2012
PIMCO’s El-Erian Reveals Four Greatest Risks to Global EconomyMohamed El-Erian of PIMCO detailed the four most pressing issues affecting the global economy. Surprisingly, China was listed fourth.
August 28, 2012
State Debt Burden Barely Moved by Deficit Cuts: ReportState budget gaps have shrunk by half compared to the previous year, yet the mountain of debt burdening the states has barely budgedindicating a systemic crisis fueled by unfunded liabilities.