Economy & Markets
The important economic and stock market news that advisors need to know.
Investors Pulled Record Amount From Stock Funds in April as Market Surged in Q1
By John SullivanDiscrepancy between S&P performance and stock fund flows continue.
April 30, 2012
Goldman’s O’Neill Considered for Top Slot at BOEA second Goldman Sachs candidate has entered the running to replace Bank of England Governor Mervyn King when he steps down in June 2013.
April 27, 2012
Finding Financial Crisis Culprits; Selling Advisors Like iPhones: May Research—SlideshowResearch magazine's May cover story, "Finding the Culprits," focuses on derivatives expert Janet Tavakoli and her hard-hitting analysis of who and what caused the financial crisis.
April 27, 2012
PIMCO’s Gross, El-Erian Pessimistic on Jobs, EconomyAfter the Commerce Dept. released a report on the economy's sluggish 2.2% growth in Q1, PIMCOs leaders share their concerns over outlook for remainder of the year.
April 27, 2012
GDP Grew 2.2% in Q1: Commerce DepartmentThe GDP result, while showing slower growth than last quarter, suggests that the economy will continue to expand, slowly but steadily.
April 27, 2012
Stiglitz Warns: European Austerity Is ‘Suicide’Joseph Stiglitz, winner of the Nobel Prize for economics, said that the current pursuit of austerity by European nations is a move toward suicide and that such a policy has never worked in any large country.
April 27, 2012
S&P Downgrades SpainSpain suffered another downgrade as Standard & Poor's cut its sovereign credit rating and its unemployment rate rose to its highest level since the early 1990snow one of the highest in the world.
April 27, 2012
BOJ Boosts Stimulus, but Markets UnconvincedDespite actions taken by the BOJ to boost asset-buying by an additional 10 trillion yen ($124 billion), and a pledge to buy longer-term government bonds, markets shrugged off the move and chalked it up to pandering to political pressure rather than a genuine effort to combat deflation.