Economy & Markets
The important economic and stock market news that advisors need to know.
G-20 Boosts IMF Firewall, Pressures Germany
By Marlene Y. SatterAt the summit meeting of G-20 leaders in Los Cabos, Mexico, the focus was on strengthening the firewall of the IMF and pushing Germany to relent on pooled debt and increasing deficit spending.
June 18, 2012
Betting on European Banks: Doomed to Fail or Shrewd Investing?A University of Chicago economist warns the European Central Bank is knowingly taking junk collateral, while a famed fund manager is betting big on European banks.
June 18, 2012
4 Ways to Cash In on Today’s Market: Wells Fargo OutlookThere are ways to take advantage of today's market and economic uncertainty, according to strategists from Wells Fargo Advisors.
June 18, 2012
Soros’ Greek Election Prediction Comes to FruitionWith a recent speech delivered in Italy earlier this month, investment mogul George Soros believes that the euro may still continue to survive.
June 18, 2012
PIMCO’s Gross: Europe a ‘Localized Tumor,’ Serious Global Cancer on the WayBoth lower quality and lower yields of "previously sacrosanct" debt represent a potential breaking point in our now 40-year-old global monetary system.
June 18, 2012
Pro-Bailout Party Wins Greek ElectionVoters in Greece on Sunday let the world know that they were not quite ready to depart the euro.
June 17, 2012
Mid-June Fund Flows Up After Weak MayInvestors moved into the U.S. and out of Europe in mid-June, reports EPFR Global, though U.S. investors put way less into funds in May, according to Morningstar.
June 15, 2012
In Policy Battle, It’s Heartless vs. Mindless: News AnalysisAdvocates of economic fairness think the efficiency crowd is heartless, while those focused on efficiency think their opponents are dimwits for not understanding that inefficiency shrinks the pie.