Economy & Markets
The important economic and stock market news that advisors need to know.
Stark Advice on Risk Avoidance From Leading Academic
By Gil WeinreichZvi Bodie has long been a lone wolf in the financial services industry. The Boston University finance professor and veteran risk avoidance advocate, has himself risked being pelted with eggs, or worse.
December 29, 2011
ECB Steps In After Italy Bond SaleItaly sold bonds on Thursday, but not as many as hoped in thin trading. While yields fell, they were still not far from euro-lifetime highs as investors displayed concern over the country's ability to sustain itself. After the auction, the European Central Bank stepped in to purchase Italy's bonds on...
December 29, 2011
China Encourages Capital Inflows through Expedited QFIIChina has broadened approvals for its Qualified Foreign Institutional Investor program since October, reversing a previous approval freeze that held investors at bay from May to October; according official data that were released Thursday.
December 28, 2011
Six-Word Strategy: Catching Up with Jeff MontgomeryJust so were clear, AFAM stands for Al Frank Asset Management.
December 28, 2011
Pozen Slams Gingrich on Social Security, Income TaxesAdvisorOne contributor Robert Pozen took to the pages of the Washington Post on Monday to critique Newt Gingrichs plan for both Social Security and income taxes. Not surprisingly, the long-time Democrat, isnt impressed.
December 28, 2011
Diamond Demand On Rise in AsiaAll that glitters is not gold. Sometimes its diamondsand thats whats putting the sparkle in the eyes of buyers in Asia.
December 28, 2011
Iran Threatens Oil Blockade Over SanctionsIran threatened to cut off oil exports through the Strait of Hormuz if the U.S. follows through on its threat to impose economic sanctions. Oil markets dismissed the rhetoric.
December 28, 2011
People's Bank of China May Skip Weekly 3-Month Bill SaleWord came Wednesday that the Peoples Bank of China may cancel a scheduled weekly Thursday sale of three-month bills.