Economy & Markets
The important economic and stock market news that advisors need to know.
CFTC Set to Review Two Proposed Rules
By Marlene Y. SatterThe Commodity Futures Trading Commission plans a public review next week of two proposed rules as it implements the requirements of the Dodd-Frank law's timetable.
September 02, 2011
PIMCO's El-Erian Sees Higher Risk of Recession in U.S., EurozoneCEO of PIMCO sets odds of eurozone recession at 50%, U.S. between 33%50% as ECB ponders interest rate cut to forestall double-dip.
September 01, 2011
Bill Gross Seeks ETF GloryStar fund managers are hard to come by in the ETF market, but that’s about to change. The PIMCO Total Return ETF, managed by none other than Bill…
September 01, 2011
Does the Journey End Here?Today our economic woes grow more dismal by the day as if the ratings bomb dropped by S&P had more impact than al-Qaedas suicide planes. Why should a financial crisis be able to do to us what devastatingly effective terrorists could not?
September 01, 2011
Deferred LiabilityAmerican national debt held steady, in the $2-3 trillion range, for three decades until the early 1980s. It began to rise rapidly at that point, dipping briefly when it reached the $7 trillion mark in the late 1990s and then taking off in earnest after 2000.
September 01, 2011
Wall Street at WarA decade ago, the financial industry acquitted itself well in confronting a terrorist attack. Such resilience is needed more than ever in todays and future challenges.
September 01, 2011
Success: Iceland Exits IMF Recovery ProgramIceland on Wednesday showed nervous Europe investors along with the rest of the world that its possible to exit successfully from supervision by the International Monetary Fund.
September 01, 2011
SEC Proposal Fails to Fix Ratings Agencies: Sen. FrankenSen. Al Franken, D-Minn., and Barbara Roper, of the Consumer Federation of America, warned Thursday that the credit rating agency reform proposals put forth thus far by the SEC as part of Dodd-Frank are inadequate.