Economy & Markets
The important economic and stock market news that advisors need to know.
Japanese Finance Minister to Take Party Post
By Marlene Y. SatterJun Azumi, Japans finance minister, will take a senior position in the countrys governing Democratic Party, although he will continue with ministerial duties until a replacement has been named.
September 21, 2012
Brandywine Beats PIMCO With Sharp Macro CallsBrandywine portfolio manager Stephen Smith's open secret is that he's shorting the bond market while awaiting its return to what he calls normalization.
September 21, 2012
Raymond James Boosts Fees, Commissions 8% in August to $250MThese results are complemented by a 1% jump in assets to $383 billion.
September 21, 2012
Ex-Morgan Stanley Broker Tells Advisors to Grow a SpineSkittish clients are leading the conversations and have made advisors spineless, says Bob Auer of Auer Growth Fund, who left Morgan Stanley in 2007.
September 21, 2012
PIMCO’s El-Erian: Fed Wants Inflation Now, Will Clean Up ‘Mess’ LaterPIMCO CEO harshly criticizes the Federal Reserve, saying they are actually trying to create inflation.
September 21, 2012
Romney can still win, but it won’t be easyDespite the serial gaffes and the many questions about his campaign, Romney remains within striking range of the president.
September 21, 2012
GOP retreat on taxes likely if Obama winsRepublicans still believe they have a shot at the White House, but they're also starting to plan for the possibility that they don't get it.
September 21, 2012
August Deficit Hits Record in U.K.Chancellor of the Exchequer George Osborne could be in for some tough times from the British public should he continue to push through cuts in an attempt to contain the deficit.