Economy & Markets
The important economic and stock market news that advisors need to know.
Can Bank of America Survive Another Beating?
By Gil WeinreichThe once nearly orphaned Merrill Lynch is BofAs most successful business unit and it is its corporate parent that looks to be near the precipice.
September 02, 2011
Greek Bailout Talks Halt as Tension MountsThe Greeks and bailout officials also cannot agree on the amount by which Greece has failed to meet its targets, with Athens perhaps predictably citing a lower figure than the international representatives.
September 02, 2011
Labor Day Bad News: Zero Job Growth in August, Unemployment Stuck at 9.1%Unemployment rate held flat in August at 9.1% as no jobs were lostnor gained. While some observers saw a silver lining, others fret over ongoing economic stagnation.
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.