Economy & Markets
The important economic and stock market news that advisors need to know.
BoE Boosts QE
By Marlene Y. SatterThe Bank of England has injected another 50 billion pounds ($66.271 billion) into the British economy as it extended its quantitative easing (QE) program. Its monetary policy committee also opted to maintain its benchmark interest rate unchanged at 0.5%.
February 08, 2012
Markets Remain Upbeat over Greek Debt DealMarkets remained hopeful Wednesday that a long-awaited deal to allow Greece to claim its second bailout was near despite another delay to discussions between the country's political leaders.
February 08, 2012
War of Borrowers Against Savers: News AnalysisWhen Fed Chairman Ben Bernanke announced two weeks ago that the Fed expected to maintain its near-zero interest rate policy at least as long as the end of 2014, it was the latest salvo in our loose monetary regimes increasing repression of savers.
February 08, 2012
PIMCO’s El-Erian: Not So Fast on Stock InvestingCurrent instability demands prudence and patience, he suggests, in an interview.
February 08, 2012
China Looks for 13% Increase in Minimum WageWorries about the possibility of social unrest have made the government wary of employment levels.
February 08, 2012
LPL’s Moore Says BD Is a ‘Positive Attractor’ for Advisors: Q4 EarningsRobert Moore, CFO of the largest IBD, tells AdvisorOne flat Q4 is due to market volatility.
February 08, 2012
BlackRock’s Fink Advises 100% Allocation to EquitiesBlackRock's Larry Fink told Bloomberg Television from Hong Kong that investors should have 100% of investments in equities due to low valuations and higher returns than bonds.
February 07, 2012
SEC’s Money Market Rule Changes Assailed by Fund CompaniesICIs Paul Schott Stevens warns agency hat trick will jeopardize investors, businesses, governments and the economic recovery.