Economy & Markets
The important economic and stock market news that advisors need to know.
PIMCO’s Gross: ‘The Cult of Equity Is Dying’
By John SullivanBill Gross is causing quite a stir (again). The chairman of PIMCO wrote in his August commentary that, going forward, investors will not experience the annual 6.6% real return on equities that they have seen since 1912.
July 31, 2012
Top 16 Most Optimistic Countries in EuropeWhos feeling optimistic in Europe? It may be counterintuitive, but according to this Gallup poll, the most optimistic people are those who rate their current lives poorly.
July 31, 2012
Eurozone Unemployment Sets RecordUnemployment throughout the eurozone hit a record, statistics revealed, with the numbers for many individual nations following suit.
July 30, 2012
Patton’s Fund Picks, Pt. 3: Bond FundsIn the third of a series of blogs, advisor Mike Patton shares his top picks in four different categories of fixed-income mutual funds.
July 30, 2012
Used Lamborghinis linger on H.K. lots amid lull (Bloomberg)The economy cant be completely to blame. More than 270 new luxury vehicles were sold in the first half of 2012, which outpaced the 23% gain in the U.S.the worlds richest nation.
July 30, 2012
Eurozone Confidence Falls AgainEconomic confidence throughout the eurozone fell in July, reaching its lowest level since September 2009, and business confidence also headed lower for the fifth straight month as the eurozone crisis dragged on.
July 30, 2012
Top 10 Biggest U.S. Banks in 5 Key Reputation CategoriesDix & Eaton, a communications consultancy, ranked the nations largest bank holding companies in each of the five critical categories, like ROI and image, that determine reputation.
July 30, 2012
Draghi, With Credibility at Stake, Ups Ante in Debt FightECB President Mario Draghi is upping the ante after saying last week he would do "whatever it takes" to preserve the euro.