Economy & Markets
The important economic and stock market news that advisors need to know.
Spanish Slump Shallower Than Predicted
By Marlene Y. SatterAlthough the numbers showed that Spain entered a recession in the first quarter, its economy shrank less than expected and that seemed to be enough cause for investors to celebrate.
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.
April 27, 2012
Following Up: Are You Doing It Wrong?The way you choose to keep your name in front of a prospect can make or break the sale.