Economy & Markets
The important economic and stock market news that advisors need to know.
10 Rational Reasons to Like Stocks: The Reformed Broker
By John SullivanForget Roubini, forget Gross, forget all the economic headwindsstocks are still the place to be, says Josh Brown of Fusion Analytics, better known as The Reformed Broker.
July 10, 2012
Spain Gets Extra Year to Cut DebtSpain will be given an extra year to get its deficit reduction under control, but markets were not impressed with the action.
July 10, 2012
LIBOR Manipulation May Have Spanned DecadesReports of decades-long LIBOR manipulation surfaced and a survey of Wall Street executives showed that many believe that misconduct is not just acceptable behavior, but a key to success.
July 09, 2012
Obama Proposes to Extend Bush Tax Cuts Excluding Top EarnersPlan would be for one year and exclude those families earning more than $250,000; GOP opposed, wants to extend cuts for all.
July 09, 2012
Eurozone Finance Ministers to Meet in BrusselsMeeting will discuss rescue measures decided at the June EU summit meeting, and pessimistic markets drove the euro down to a two-year low in anticipation of the talks.
July 09, 2012
BoE’s Tucker Will Testify on Barclays, LiborPaul Tucker, deputy governor of the Bank of England, was to appear before Parliament to give his version of events described in a memo written by Bob Diamond, former CEO of Barclays.
July 09, 2012
Risk On or Risk Off? Goldman’s Jim O’Neill vs. Gary ShillingMarkets are more on the ball than many that talk about them, says GSAM's O'Neill. But AdvisorOne contributor Gary Shilling says we're in a recession.
July 09, 2012
Hussman’s Scary Question: ‘What if Fed Throws a QE3 and Nobody Comes?’The noted portfolio manager, who believes a global recession is already unfolding, says problems cant be solved by more reckless bubble-blowing by the Fed.