Economy & Markets
The important economic and stock market news that advisors need to know.
Martin Luther King’s Economic Priorities
By Gil WeinreichIf Martin Luther King were alive today, what would he have to say about todays dominant issuethe weak economy?
January 16, 2012
Downgrades Hit Europe; PIMCO’s Gross Sees Greek DefaultFriday the 13th turned out to be very unlucky indeed for the euro zone, as Standard & Poor's downgraded nine countries in the bloc, including triple-A rated France and Austria, and put 14 of the 17 countries on negative outlook.
January 16, 2012
Stark Advice on Risk Avoidance From a Leading AcademicZvi Bodie counsels investors to play it safe amid withering criticism of advisory industry.
January 16, 2012
Stark Advice on Risk Avoidance From a Leading AcademicZvi Bodie counsels investors to play it safe amid withering criticism of advisory industry.
January 13, 2012
Long-Term Mutual Funds See Worst Outflows in Three YearsMorningstar reported Friday that domestic mutual fund asset flows fared poorly through December 2011. Long-term mutual funds had a second consecutive month of net redemptions with outflows of $10.6 billion in December.
January 13, 2012
Investors Flee Stocks and Bonds, Stuff Cash in MattressesA new research report reveals that retail investors are pouring their income into bank savings and checking accounts and shunning stocks and bonds in near record numbersdespite all the Federal Reserve has done to entice them into risky assets.
January 13, 2012
Q4 Earnings: JPMorgan Profits Down 23%; Asset Management Off 40%In JPMorgan Chase's Q4 2011 earnings release, CEO Jamie Dimon highlighted the bank's loans to businesses and consumers rather than focus on poor trading conditions and lower revenues.
January 13, 2012
China Hoarding GoldA wave of Chinese gold buying has injected new life into gold traders, who are feeling bullish once again after the precious metal has begun to regain lost ground.