Economy & Markets
The important economic and stock market news that advisors need to know.
Investors Ignore Record Small Cap Rally
By John SullivanWhat if a major stock index jumped to an all-time high, but most investors didn't notice? An important question asked and answered by The Wall Street Journals Jonathan Cheng. Cheng notes small cap stocks, as measured by the Russell 2000 index, are experiencing just that.
February 20, 2012
Icelandic Economy Bounces Back From BrinkThe government's response to the 2008 default crisis has put the nation back on path of growth.
February 20, 2012
Banks, Storage Companies Expand Gold VaultsDemand for gold has already resulted in the building of new vaults or expansion of old ones as investors in a flight to safety have accumulated stores of the precious metal.
February 20, 2012
Merkel Backs Rights Activist for President of GermanyGerman Chancellor Angela Merkel has agreed to support former East German rights activist Joachim Gauck to replace Christian Wulff as president of Germany.
February 17, 2012
Italian Police Seize $6 Trillion of Fake U.S. Treasury BondsItalian police said on Friday announced they had seized about $6 trillion worth of fake U.S. Treasury bonds, worth roughly a third of the entire U.S. national debt that, if released into the worldwide financial system, could potentially have caused serious disruptions.
February 17, 2012
The Stimulus Three Years On: Did It Help the Economy?Three years after President Barack Obama signed the stimulus bill, a jury of eminent economists is retrospectively voting its approval of the controversial stimulus measure. Still, a minority of the surveyed economists remain unimpressed with the spending bill.
February 17, 2012
John Bogle on Taxes: Praise for Obama; Raise Capital GainsOften at odds with the modern fund industry he helped create, Bogles comments ran counter to vehement opposition from investment managers and trade organizations over raising taxes on dividends and capital gains.
February 17, 2012
LPL’s Kleintop Sees Eurozone Surviving Without Greece: Weekend InterviewJeffrey Kleintop, chief market strategist for LPL financial, says he believes that a Greek default and departure from the eurozone will not take a terrible toll on markets, because many institutions have had ample time to divest themselves of some of their Greek debt.