Economy & Markets
The important economic and stock market news that advisors need to know.
Buffett Backs Fink on Controversial Allocation Advice
By John SullivanCalling bonds among the most dangerous of assets, Buffett's sentiment adds credence to BlackRock Chairman Larry Finks controversial advice from Wednesday that investors should allocate 100% of their assets to equities.
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.
February 07, 2012
Regulators Casting Light on Shadow BanksConcerns 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.