Economy & Markets
The important economic and stock market news that advisors need to know.
Dutch Government Resigns Over Austerity
By Marlene Y. SatterBattles over austerity measures that look tame in comparison to those endured by Greeks torpedoed the Dutch government on Monday. Not to be outdone, the Czech government came in for a crisis of its own.
April 20, 2012
For Poor, Advisors Can Unlock Financial MainstreamA new study of low-income households by the Dallas Fed shows that seeking professional financial advice is positively correlated with beneficial financial outcomes, but few avail themselves of that advice.
April 20, 2012
Emerging Economies Demand Greater Sway in IMFThe dominant emerging economies have pledged billions to the IMF. However, those countries, and others, are growing restive at the long dominance of Europe and the U.S.
April 20, 2012
Regulators Should Consider Limiting Bank Asset Pledges: BoE OfficialBoE official Andrew Haldane pointed out areas in which regulators should consider imposing limits and restrictions, among them the question of how much in assets a bank should be allowed to pledge to investors.
April 19, 2012
IMF’s Lagarde: ‘There Are Clouds on the Horizon’IMF managing director said that she expects more contributions on top of the $320 billion raised
April 19, 2012
BNY Mellon’s Pershing Fees Help Bank Offset Forex WoesHigher Q1 2012 clearing services fees at the BNY Mellon unit that includes Pershing Advisor Services helped the bank offset lower trading volumes as the bank fights a number of forex lawsuits.
April 19, 2012
Top 10 Countries for Economic GrowthAdvisorOne highlights the countries based on growth potential from 2010 to 2050, culled from the Knight Frank and Citi Private Bank Wealth Report for 2012.
April 19, 2012
Stocks Cheap? Don’t Believe ItThe 'cheap stock' argument is pretty appealing, especially since bond yields are so low. BlackRock CEO Larry Fink recently went so far as to recommend a 100% allocation to equities.