Economy & Markets
The important economic and stock market news that advisors need to know.
Derivatives Danger: Fears of Next Big Financial Crisis Won’t Go Away
By Gil WeinreichOn a summer evening in 2007, a Goldman Sachs salesman sent a courtesy email to an AIG Financial Products exec warning of a margin call. So began the first collateral call on CDS contracts, leading up to the firms September 2008 insolvency.
November 18, 2011
Will ECB Do QE and Start Printing Money? Strategists See Growing PossibilityAlthough France and Germany are still wrangling over the part that the European Central Bank should play in resolving the spreading debt crisis across the eurozone, apparently one thing is believed possible despite their disagreements: that the ECB could start printing money.
November 17, 2011
Fact Check: Did Mobius Say Financial ‘Armageddon’ Was Coming Soon?A Forbes blogpost with a screaming headline pegged to Mark Mobius about a 'hellish' financial crisis shortly forthcoming has been generating plenty of fear in the Internet sphere.
November 17, 2011
PIMCO’s Gross, El-Erian Discuss Economic Change, Lessons Learned in 2011PIMCOs Bill Gross and Mohamed El-Erian, the leadership of the worlds biggest bond shop, discussed with Bloomberg lessons learned in 2011, the speed of economic change and the crisis in Europe.
November 16, 2011
Advisors Are Growing as Pessimistic as Their Clients: MFS Investment SurveyFinancial advisors have grown 'decidedly more pessimistic' about the U.S. economy in 2011, closing the gap that existed earlier in the year between advisors and their clients, says a new MFS survey.
November 16, 2011
Deficit Supercommittee Will Not Solve Our Problems: News AnalysisIt will take far more than economic reforms and political fixes to set America back on track. Until we fix the values problem underlying our economic problems, we shouldnt expect a lasting recovery.
November 16, 2011
RIAs Prepare for Lower Risk Tolerance Among ClientsRIAs believe market volatility in the past 12 months has made clients more risk averse, according to an Invesco market research study released Wednesday.
November 16, 2011
Buffett Makes Rare Investment in Tech Sector With IBMAlthough he normally shuns tech stocks, Warren Buffett, head of Berkshire Hathaway, veered from his usual policy and sank close to $11 billion into shares of IBM, picking up a stake of almost 5.5% that makes him potentially its biggest shareholder