Economy & Markets
The important economic and stock market news that advisors need to know.
European Stagnation
By Alexei BayerWhen the financial system faces a major bankruptcy, one that is large enough to threaten its health, it often makes sense to buy time. Regulators, central bankers, multilateral lenders and governments.
March 26, 2012
Obama's Pick Expected to Win World Bank Top SlotPresident Obama's surprise nomination for the presidency of the World Bank, Jim Yong Kim, is expected to come out the winner among other nominees for the post, despite the fact that for the first time emerging nations have put up their own candidates with a real eye toward victory.
March 26, 2012
Spain Could Relaunch Debt Crisis: MontiWhile Prime Minister Mario Monti of Italy had praise for Spains efforts to relax its work regulations, he criticized its budget-cutting efforts, saying it hasnt paid enough attention to its public accounts.
March 26, 2012
China Money Market Rate JumpsChinese money market rates have jumped, leading to speculation that banks in that country are hanging onto their cash in response to regulatory requirements that oblige them to boost capital.
March 23, 2012
JPMorgan’s Embrace Squeezed American Century Revenues: News AnalysisArbitrators found that JPMorgan had breached a revenue-sharing agreement with American Century in order to suppress the firms value and make it a cheap acquisition target.
March 23, 2012
BLS Issues First Green Jobs ReportData show that there are 3.1 million green jobs in the U.S., making up about 2% of the total.
March 23, 2012
Japan Hitting Gas on Its Ride Off Cliff: ShillingLegendary bear Gary Shilling says Japans long-awaited economic reckoning has begun, thanks to trade's shift toward imports.
March 23, 2012
Top Portfolio Products: Market Vectors’ Indonesia ETF; Turkish Private Equity Fund ClosesNew products introduced over the last week include a new Indonesia small-cap ETF from Market Vectors; the closure of a Turkish private equity fund; a high-yield bond fund from Aberdeen; and a new fund trust from Gemini.