Economy & Markets
The important economic and stock market news that advisors need to know.
Regulators Casting Light on Shadow Banks
By Marlene Y. SatterConcerns that shadow banks have no backstop in case of crisis and offer opportunities to engage in risky, if not illegal behavior, are pushing regulators for the G20 to look more closely at such institutions.
February 07, 2012
Bernanke Testimony Contradicts Optimism on JobsFed Chairman Ben Bernanke testified before the Senate Budget Committee on Tuesday, telling lawmakers that the job market is still far from healthy after signs of economic improvement over the past year.
February 06, 2012
Return to Gold Standard Gets Political PlayNewt Gingrich made news last month when he pledged to appoint gold bugs Lewis Lehrman and James Grant to a new commission that would explore the feasibility of returning the U.S. to the gold standard.
February 06, 2012
Romanian PM Falls to AusterityEmil Boc, prime minister of Romania, followed a succession of eurozone government officials into defeat on Monday, resigning from office in the wake of massive protests against austerity measures imposed by his government.
February 06, 2012
Greece Missed Bailout Deadline: EU CommissionGreece has already missed its Monday deadline to come up with a deal to satisfy the conditions for its second bailout, according to the European Union, and has failed to make the decisions that would finish the deal.
February 06, 2012
Finland Votes for Pro-Euro PresidentSauli Niinisto won Finland's presidential election on Sunday, garnering 63% of the popular vote, amid fears that anti-euro candidates would make a much stronger showing.
February 05, 2012
Why Is Greece Still Part of the Euro?The EU has turned into a club of rogue members.
February 05, 2012
PIMCO’s El-Erian: QE3 LikelyPIMCO CEO and co-CIO Mohamed El-Erian spoke with Bloomberg Television Friday about last weeks jobs report and the global economy.