Economy & Markets
The important economic and stock market news that advisors need to know.
‘Trader’ Alessio Rastani Prays for Recession, Says Millions Will Lose Savings
By Gil WeinreichSome are questioning whether the arrestingly earnest trader is really a member of the Yes Men, anticapitalist activists who impersonate the people they dislike as a means of exposing what they view as the real truth about corporations.
September 27, 2011
‘Worn-Out’ Advisors’ Confidence Drops Again, Survey FindsFinancial advisors say their near- and short-term views on the economy and stock markets are negative.
September 27, 2011
Push for Greek Austerity VotePrime Minister George Papandreou pledged to European leaders on a trip to Berlin on Tuesday that Greece would pass the latest round of austerity measures required for Athens to receive the latest round of funding its rescue package.
September 27, 2011
Envestnet Launches Weekly Market Calls for AdvisorsMarket Morning conference calls will provide access to Envestnet, outside experts.
September 26, 2011
Senate Approves Deal on Spending, Averts ShutdownEnding weeks of political brinkmanship, Congress finessed a dispute over disaster aid Monday night and advanced legislation to avoid a partial government shutdown only days away.
September 26, 2011
Senate Nears Spending Bill Vote; Shutdown Still LoomsThe Senate is poised to vote late Monday afternoon on a government spending bill before the governments fiscal year ends on Sept. 30, but with the House on recess, a government shutdown looms.
September 26, 2011
Roubini: Global Financial Crisis Has ‘High Likelihood’ of HappeningEconomist Nouriel Roubini said that worries last week that the world is in for another financial crisis were based on indicators that such a crisis was on its way.
September 26, 2011
PIMCO’s El-Erian: Europe Headed for RecessionMohamed El-Erian, CEO and co-CIO of PIMCO, said that Europe is headed for recession next year and the regions economy will shrink by 1-2%. The U.S., he added, will stagnate.