Economy & Markets
The important economic and stock market news that advisors need to know.
Senators Cite Deficiencies in FHFA's Oversight of Fannie and Freddie
By Melanie WaddellAs part of an ongoing series of hearings on how to reform housing finance, the Senate Banking Committee heard testimony on Tuesday from the Federal Housing Finance Agencys first inspector general, Steve Linick.
December 12, 2011
Moody's Unimpressed With Eurozone DealDespite hours of negotiations at a summit meeting last week that resulted in an agreement by 26 of the 27 European Union countries for closer financial ties, Moody's Investors Service was not impressed.
December 12, 2011
Fitch Ponders Cut to Asian RatingsChina's exports and imports have exploded since it joined the WTO in 2001, but the world economy is slowing things down forcing Fitch to ponder cuts to its ratings of Asian countries.
December 12, 2011
Advisors’ Top Concerns for 2012: Market Volatility, Election RepercussionsAdvisors are most concerned about market volatility and the effects of the upcoming presidential election, according to Russell Investments fourth quarter Financial Professional Outlook survey.
December 12, 2011
PIMCO’s El-Erian: Jets, Patriots and the European CrisisEmploying an unusual comparative to describe the situation in Europe, PIMCO CEO Mohamed El-Erian used a football analogy in a piece published Friday by CNBC.
December 12, 2011
Which Are Better: Funds That Stick to Style, or Those That Wander?In a portfolio, exploring which funds and ETFs perform better in bear and bull markets when you look at category tracking. One finding: cap size matters
December 11, 2011
Investing in 'The Lucky Country' via ETFsUnlike Europe (and the U.S.), the Australian government has very low overall debt levels and projects a budget surplus in 2012.
December 09, 2011
RBC Capital Markets Expects Further ECB Rate CutsThe European Central Bank lowered interest rates and extended its liquidity provisions, demonstrating that it's willing to go far when acting within its core mandate, RBC Capital Markets wrote in its weekly research paper, "Global Directions," on Friday.