Economy & Markets
The important economic and stock market news that advisors need to know.
Coordinate EU Bank Recapitalization: Barroso
By Marlene Y. SatterRegulators from the European Union were presented with a proposal to coordinate recapitalization of its banks at the second day of meetings on Thursday, as they considered ways to reassure investors who have been fleeing the banking sector.
October 06, 2011
Bernanke on Occupy Wall Street Protesters: ‘Can’t Blame Them’The Occupy Wall Street movement has some found legs, and Ben Bernanke, the Fed chief, seems to be at least a bit on the side of the protesters, as labor unions have now joined the demonstrations in New York.
October 06, 2011
Shelby Slams FSOC, Questions Chances of SuccessSen. Richard Shelby, the ranking Republican on the Senate Committee on Banking, Housing and Urban Affairs, voiced skepticism on Thursday that the Financial Stability Oversight Council would find success.
October 06, 2011
‘Black Swan’ Funds Up 23% for the YearExtreme sport isnt the only venue for thrill seekers and adrenaline junkies, judging from the recent returns racked up by so-called black swan funds. The funds, named for a generic term for an unexpected event that negatively or positively impact the market, take advantage of the resulting volatility.
October 05, 2011
In Breakup, Dexia May Cost All BanksLess than three months after Dexia SA, the French-Belgian bank, passed its European Union stress tests, it may be on the blockthe chopping block.
October 05, 2011
Eurozone PMI Shrinks as Optimism FadesPrivate business activity in the euro one fell for the first time in two years in September with a drop in new orders, stoking fears that the region could be heading back into recession.
October 05, 2011
Moody’s Slices Italy's Credit RatingItaly got hammered Tuesday by Moodys, which lowered the countrys credit rating from Aa2 to A2, with a negative outlook, citing weak growth as the reason.
October 05, 2011
Like Rome, Is U.S. Doomed to Decline?Historian and farmer Victor Davis Hanson told the gathering at the Retirement Income Industry Association annual meeting in Boston that the long-term future of the U.S. is as hopeful as its present is dismal.