Economy & Markets
The important economic and stock market news that advisors need to know.
Investor, Consumer Confidence Hit Lows in August
By Janet LevauxStill, both groups remain more upbeat about their financial situation and the markets, Spectrem and the Conference Board found.
August 29, 2012
IPOs Could Get Easier in U.K.The U.K. is considering mimicking key provisions of the U.S. JOBS Act, including offering more lenient rules on IPOs.
August 29, 2012
PIMCO’s El-Erian Reveals Four Greatest Risks to Global EconomyMohamed El-Erian of PIMCO detailed the four most pressing issues affecting the global economy. Surprisingly, China was listed fourth.
August 28, 2012
State Debt Burden Barely Moved by Deficit Cuts: ReportState budget gaps have shrunk by half compared to the previous year, yet the mountain of debt burdening the states has barely budgedindicating a systemic crisis fueled by unfunded liabilities.
August 28, 2012
Spain’s Suffering Continued in July, Q2Both individuals and businesses pulled deposits from Spanish banks in July, as the countrys GDP continued to fall in the second quarter under austerity measures.
August 28, 2012
Japan Cuts Economic AssessmentThe Japanese government has cut its economic assessment for the first time since October 2011, saying the countrys economy could be in for additional risk if the global economy slows further.
August 28, 2012
ECB Pushes for Looser Basel Liquidity RuleThe ECB is advocating a looser standard on eligibility of assets that can be used to satisfy a draft liquidity rule from the Basel banking committee, over concerns that the current definition is too restrictive on credit in the midst of the financial crisis.
August 27, 2012
Doomsaying Economist Faber Sees 100% Chance for Global RecessionApocalyptic predictions from wannabe super-villain economists could signal a worrisome trend.