Economy & Markets
The important economic and stock market news that advisors need to know.
Knight Capital Blunder Hastens SEC Rulemaking on Exchange Integrity
By Melanie WaddellAfter a computer mishap spewed orders through stock exchanges on Wednesday and led to a $440 million loss at market maker Knight Capital Group, the SEC is speeding efforts to require exchanges to ensure the capacity and integrity of their systems.
August 06, 2012
Greece Progresses on RescueThe ECBs Governing Council has decided to raise the upper limit for the amount of Greek short-term loans the Bank of Greece can accept in exchange for emergency loans.
August 05, 2012
Is Another Housing Bubble in the Works?By pushing for a housing recovery with artificially low rates, the Federal Reserve could be contributing to future problems in the real-estate market.
August 05, 2012
Muni Bonds: The Next Trillion-Dollar Headache?Local governments, unlike the federal government, cant print their way out of debt, a fact that advisors and their clients should keep in mind
August 03, 2012
Roubini Website: Draghi Failure ‘Epic’Nouriel Roubinis EconoMonitor website published a scathing piece by University of Oregon Professor Tim Duy on Friday.
August 03, 2012
Bogle Joins Gross-Siegel ‘Food Fight’The smackdown between Bill Gross and Jeremy Siegel continues, this time with Twitter as the venue.
August 03, 2012
Top Portfolio Products: New Advisors In, AllianceBernstein Out for 3 Vanguard FundsNew products introduced over the last week include a new dividend and income builder fund from Henderson.
August 03, 2012
Better, simpler, cheaper: The formula that makes Tesco great (Fast Company)When Tesco realized it wasnt as agile as it used to be, the multinational grocery and general merchandise retailer went back to its founding roots: simplicity.