Economy & Markets
The important economic and stock market news that advisors need to know.
Greek Leader Said to Seek More Time to Meet Austerity Goals
By Marlene Y. SatterPrime Minister Antonis Samaras of Greece hopes to achieve two objectives with eurozone policymakers: to assure them that he will carry out mandated austerity measures and to win more time to do so.
August 14, 2012
Romney or Obama? LPL and FSI Polls DisagreeAs the presidential race heats up with Mitt Romneys choice of Paul Ryan as his running mate, polls from FSI and LPL have reached vastly different conclusions about who will win.
August 14, 2012
Equities Cult High Priest Malkiel Burns PIMCO’s Gross: Reducing Stocks Would Be ‘Huge Mistake’PIMCO Chairman Bill Gross launched a bond investors jihad recently with his remarks that the cult of equities is dying. Burton Malkiel, author of A Random Walk Down Wall Street, is the latest to fire back.
August 14, 2012
6 U.S. Cities on the Edge of a Fiscal CliffWith recent warnings and downgrades from Moodys, these municipalities may follow the likes of Stockton and Central Falls into bankruptcy.
August 14, 2012
Partisan polarization surges in Bush, Obama yearsNearly all of the increases have occurred during the two most recent presidencies of George W. Bush and Barack Obama.
August 14, 2012
Eurozone Contraction Overpowers Germany’s Meager GrowthAlthough the German economy continued to report growth in the second quarter, that was not enough to save the eurozone as a whole from shrinkage.
August 14, 2012
Standard Chartered CEO Comes to New YorkPeter Sands, the CEO of Standard Chartered, is in New York and is prepared to attend a hearing ordered by the states Department of Financial Services on whether the bank should lose its charter to operate there.
August 14, 2012
PIMCO’s El-Erian Takes Issue With Paul Ryan’s Use of ‘New Normal’PIMCO CEO Mohamed El-Erian took to the pages of The Washington Post Monday to rebut (sort of) the use of the term "new normal" by Mitt Romney's vice-presidential pick, Rep. Paul Ryan.