Economy & Markets
The important economic and stock market news that advisors need to know.
Gold Continues Record Run
By Marlene Y. SatterGold set a record price for the second day in a row on Wednesday, as investors reacted to concerns over the euro zone debt crisis. Adding to the pressure on the precious metal's price was the news that several nations' central banks had also bought gold.
August 02, 2011
Euro Crisis Spreads as Italian, Spanish Debt Yields Pass 6%The massive size of Italian and Spanish debt in comparison to that of Greece, Portugal and Ireland imparts global economic significance to Tuesday's bond market news.
August 02, 2011
Obama Signs Debt Bill; Vows ‘Everything on Table’ for Future TalksAfter the Senate passed the bill, 74-26, on Tuesday, President Obama signed the bill into law and said that deficit reduction would need a 'balanced approach' to succeed.
August 02, 2011
PIMCO’s Gross Slaps U.S. With Scarlet ‘A’ for Budget Abuse; Offers Steps to Remove ItCiting Davy Crockett, PIMCO founder Bill Gross mournfully notes, ‘The time for funnin is over,’ now that the latest debt ceiling and budget debate has been settled.
August 02, 2011
China Reverse Merger Boom Goes Bust Costing Investors BillionsChinese reverse mergers, once all the rage, have cooled off, costing U.S. investors billions.
August 02, 2011
Get Ready for QE III, and How to Raise Consumer DemandSt. Louis Fed President Bullard’s raised profile may signal a new round of Fed monetary expansion
August 01, 2011
Global Recession Fears Revive Amid Dismal Economic ReportsManufacturing activity is grinding to a halt in all three of the world's economic engines—the U.S., Europe and China—stoking fears of a new recession.
August 01, 2011
Debt Deal Vote Looms, Downgrade Worries PersistAs Congress takes up consideration of the debt ceiling bill, David Kelly of J.P. Morgan Funds warned that the measure could fail, leading to a TARP-like stock sell-off.