Economy & Markets
The important economic and stock market news that advisors need to know.
Japanese Banking Minister Dies
By Marlene Y. SatterFinancial Services Minister Tadahiro Matsushita of Japan, who was at the helm of the insider trading crackdown that brought down Nomura Holdings' top to executives, has died. His death was ruled a suicide by police.
September 10, 2012
Greek Opposition Holds Out on Spending CutsPrime Minister Antonis Samaras ound the going tough over the weekend as he failed to convince all members of his coalition that additional austerity measures must be enacted to obtain the next tranche of rescue funding.
September 10, 2012
Hollande Calls for ‘Patriotism’ From Luxury CEOLVMH CEO Bernard Arnault, for his part, said he would continue to pay French taxes after filing for Belgian citizenship.
September 10, 2012
Soros: Germany Should Lead Eurozone or Leave ItBillionaire financier George Soros said that Germany's insistence on austerity measures, if not checked and replaced by growth strategies, will push the region into a depression.
September 10, 2012
Today’s Bond Yields Are ‘Financial Repression’: Vanguard ExpertKen Volpert, head of Vanguards Taxable Bond Group, wants to be sure that bond investors are prepared for what lies aheadnamely small to negative returns.
September 07, 2012
Top Portfolio Products: Global X Launches Junior Miners ETFNew products introduced over the last week include a junior miners ETF from Global X Funds and a low-duration bond fund from Scout Investments. In addition, Envestnet has partnered with Fund Evaluation Group.
September 07, 2012
PIMCO’s Gross, Roubini Say QE3 Is Coming in Wake of Weak Job NumbersIn the least kept secret in investing, Bill Gross of PIMCO said lackluster jobs data will move the Fed to initiate quantitative easing.
September 07, 2012
Stop beating up the richMost large accumulations of wealth today are earned, not inherited. So why such a backlash against the 1%?