Economy & Markets
The important economic and stock market news that advisors need to know.
PIMCO’s Gross: Fed Action ‘Destroyed’ Credit Creation; Obama Needs to Be Bold
By John SullivanEchoing sentiments he made this week, Bill Gross said Thursday that QE by the Fed 'destroyed' credit creation, and that he'd like to "see something bold" from the president in his speech Thursday night.
September 07, 2011
Allianz launches fixed index annuityAllianz Life Insurance Company of North America recently introduced Allianz 360, a fixed index annuity exclusive to field marketing organizations and agents associated with the new Allianz Preferred distribution model.
September 07, 2011
With Civil Collapse Likely, Euro Break-Up Chances ‘Close to Zero’: UBSUBS says dissolution of the Eurozone could shave off 25% to 50% of GDP for exiting members and lead to civil war.
September 07, 2011
U.S., European Austerity Will Doom Global Economy: U.N. StudyA U.N. economic think tank slammed the current approach to solving the global financial crisis in a report released Tuesday, saying current austerity policies and market-pleasing moves, along with financial deregulation, will bring the global economy to its knees, with the best-case scenario a decade of stagnation.
September 07, 2011
German Court Tosses Out Challenges to Greek BailoutCourt challenges to Germanys participation in the European Financial Stability Facility were thrown out on Wednesday, although the countrys top court warned that it was not granting blanket approval, and that the government must seek parliamentary approval for future bailout payments.
September 07, 2011
Top 10 International Stock Funds in 401(k)sHere are the 10 most widely distributed international stock funds in the 401(k) and DC industry, according to research firm BrightScope.
September 07, 2011
Finland to Greece: No Collateral, No BailoutFinlands Prime Minister Jyrki Katainen said Wednesday Helsinki may opt out of its share of a second rescue package for Greece if it is denied collateral on the money.
September 07, 2011
PIMCO’s Gross Warns Fed’s ‘Helicopter Ben’ on LendingPIMCO Chairman Bill Gross warned that the Feds showering of money on the economy to combat deflation may end up harming long-term lending.