Economy & Markets
The important economic and stock market news that advisors need to know.
More Thoughts on the Eurozone Selloff
By Ben WarwickA few more thoughts on yesterday afternoons blog that noted Wednesdays selloff was Eurocentric can be found in an excellent article in the New York Times.
August 10, 2011
Commerzbank Profits Fall 93% on Greece WoesAn indication of how much the debt woes of other countries may affect banks came on Wednesday as Commerzbank AG of Germany said its quarterly profit fell 93% once it had written down the value of its Greek holdings.
August 10, 2011
Ben Bernanke Vindicates Bill Gross on ‘New Normal’PIMCOs concept of new normal, predicated on the belief that global growth and investment returns will be far lower moving forward than seen in the recent past, continues to generate controversy.
August 10, 2011
What the Fed's Action May Mean: Another Round of QE?Why valuations could get even more compelling; Treasury believes in "growth before austerity"
August 10, 2011
Nine Are Named to Crucial Deficit PanelSenate Majority Leader Harry Reid was the first of the four congressional leaders to make his three selections for the Joint Select Committee on Deficit Reduction, with Speaker John Boehner and Sen. Mitch McConnell following Wednesday, and Rep. Nancy Pelosi yet to make her picks.
August 10, 2011
Look at GOP Candidates; Markowitz Defends MPT; 10 Team Building Mistakes: August Research—SlideshowAuthor and analyst Nicole Gelinas laments the absence of meaningful debate on the one key issue in todays economy: the houses of debt Americans are living in. Plus, practical advice on teambuilding, storyselling and more...
August 09, 2011
Grandma, can you spare a grand?Not only has the U.S. hit a record number of grandparents, but those grandparents are so flush with cash that they financially support their children and grandchildren.
August 09, 2011
Fed Announcement Helps U.S. Stocks ReboundU.S. stocks surged Tuesday after Federal Reserve policymakers announced that they planned to keep rates in a very low range for the next two years.