Economy & Markets
The important economic and stock market news that advisors need to know.
World's Central Banks Act to Ease Market Strains
By David McHugh and Paul WisemanThe central banks of the wealthiest countries, trying to prevent a debt crisis in Europe from exploding into a global panic, swept in Wednesday to shore up the world financial system by making it easier for banks to borrow American dollars.
November 29, 2011
Fitch Cuts U.S. Rating Outlook to NegativeAfter the congressional supercommittee failed to find common ground for budget cuts, Fitch Ratings, the last agency to rate the U.S. outlook as stable, downgraded it on Monday to negative.
November 29, 2011
Moody’s Threatens Ratings Cuts for European BanksThe banks of 15 countries in Europe have been put on notice by Moodys: their subordinated debt ratings may be cut by the agency because there is the possibility that government support for that debt will not be forthcoming.
November 29, 2011
Crisis in Europe Tightens Credit Across the Globe (NY Times)Europe's growing debt crisis has begun to create tangible credit issues for companies around the world, pushing the world economy downward.
November 28, 2011
Use Global Fixed Income to Improve DiversificationToday, there are more opportunities for individual and institutional investors alike, allowing them to gain access to the global fixed income universe.
November 28, 2011
A Better DayImagine youre given the choice of two different times to be a stock market investor.
November 28, 2011
Is Another 2008 Imminent for Global Equities?Given the dramatic market volatility we have seen over the past few months, we thought it wise to provide our take on what is driving the turbulence, especially in light of the short-term surge in the U.S. dollar and the declines in commodity-related investments.
November 28, 2011
Advisors, Beware of Sharp Tax Increase in 2013, Expert SaysGovernment affairs expert Andrew Friedman offered a warning to financial advisors to prepare for a steep rise in taxes likely to take effect just one year from now.