Economy & Markets
The important economic and stock market news that advisors need to know.
PIMCO’s Gross, El-Erian on Sour Economic News: Avoid Europe, Leaders Losing Control
By John SullivanPIMCOs leaders reacted to the dour economic news of the past few days, highlighted by the third straight disappointing jobs report on Friday.
May 31, 2012
NBC poll: Dead Heat in 3 Key States (Politico)Less than six months away from election day Obama and Romney are tied in three battleground states.
May 31, 2012
International Market Drops Take Toll on IPOsWestern stock markets arent the only ones suffering from eurozone malaise. Asia's IPO capital, Hong Kong, just saw the fourth major withdrawal from Asian markets in a week.
May 30, 2012
Biderman Boils Doom and Gloom Down to Specific Portfolio PicksTrimTabs founder launches low-cost investment newsletter for retail investors; recommends gold bars over ETFs as hedge against potential economic collapse.
May 30, 2012
Peter Schiff: Too Late, America Is Already Broke"Were like Facebook" to investors, and they wont like what they see, says the CEO of Euro Pacific Captial.
May 30, 2012
Spain Spooks Investors as Eurozone Confidence FallsThe Spanish bank crisis escalated on Wednesday, frightening investors away from markets that fell to their lowest level in nine years.
May 29, 2012
Moodys Downgrades Nordic Banks, Investors YawnThose AAA-rated subprime loans certainly didnt help.
May 29, 2012
Raymond James’ Helck on Fiduciary Standard: ‘No Problem,’ but ‘Devil in the Details’The head of Raymond James Private Client Group worries that the 40 Act doesnt work when it comes to non-discretionary accounts, so need exists to write new fiduciary rules.