Economy & Markets
The important economic and stock market news that advisors need to know.
PIMCO’s Gross: ‘New Normal’ Best Case Scenario, Global Recession Worst
By John SullivanIf anything, sovereign balance sheets resemble an overweight diabetic on the verge of a heart attack, Gross writes in his monthly commentary.
October 01, 2011
The Long and Winding RoadNatural disasters are growing more frequent and severe, their collective losses taking an ever greater toll on insurers and reinsurers$23.5 billion from tornadoes and other severe weather in the United States in the first half of 2011 alone, according to Munich Re.
October 01, 2011
Gold StandardAug. 15, 2011, marked the 40th anniversary of the U.S. default on the dollars convertibility into gold.
September 30, 2011
Finding Value in a Loser’s GameAs John Kenneth Galbraith famously pointed out, we have two classes of forecasters: those who dont know and those who dont know they dont know.
September 30, 2011
Can Fed’s Operation Twist Reverse Sliding Economy?The Fed most recently said it would shift around $400 billion from short-term debt into longer-term U.S. Treasuries with maturities as short as six years to as long as 30 years. But will it work?
September 30, 2011
PIMCO: Bearish Outlook for Global EconomyIn its latest quarterly outlook, PIMCO evaluated the possibilities for the global economy and financial markets with a decidedly bearish tone.
September 30, 2011
Soros Lists ‘3 Bold Steps’ for Avoiding Global DepressionBlame it on the policymakers, said billionaire George Soros in an opinion essay that favors letting Greece default.