Economy & Markets
The important economic and stock market news that advisors need to know.
Doomsayer Hussman Says Market Crash Coming—According to History
By Gil WeinreichThe Ph.D. portfolio manager adds corporate insider selling as another ominous sign on top of his list of historic indicators of a crash, noting that the ratio of corporate stock sales to stock buys has been running 8 to 1, four times the normal pace.
March 12, 2012
Belgium Deepens Austerity CutsBelgium has committed to reduce its public sector deficit to 2.8% of GDP in 2012, from its 2011 level of 3.8%. If it fails to cut its deficit to a level of a maximum of 3%, it could face fines imposed by the European Union.
March 12, 2012
Despite Strong Markets, Equity Funds See OutflowsWorldwide, bond funds grew by close to $7 billion.
March 09, 2012
The United States of Inequality (Slate)If income inequality is such a bad thing, then why isn't anyone doing anything about it? Well, no one really knows what causes it.
March 09, 2012
Regulators Ask Singapore Authority for Help in Libor ProbeInterbank rates, including Libor, are under investigation by a number of countries amid suspicion of bank misconduct. The U.S. has launched a criminal investigation and European authorities are looking into allegations that banks may have colluded to trade derivatives based on the rate.
March 09, 2012
Greece Gets 95% Participation in Debt SwapGreek Finance Minister Evangelos Venizelos was quoted saying, The debt-swap results show that international markets see the prospects the Greek economy has to regain a sustainable fiscal situation.
March 09, 2012
Bond Funds & DecouplingFewer than 12% of funds in the intermediate-term bond category managed to match or beat the return of its benchmark, Morningstar reports
March 09, 2012
China Says Wealth Gap Too GreatProtests and social unrest has risen as the gap between the have and have-nots has increased.