Economy & Markets
The important economic and stock market news that advisors need to know.
Gundlach: Banking Crisis Is ‘Just Like 2008’; Stay Away From Markets
By Gil WeinreichThe widely followed manager tells AdvisorOne that there are no opportunities to invest in markets, so investors should stay conservative.
August 18, 2011
Britain’s Drop in Retail Sales Hits PoundRetail sales in the U.K. sounded one more note in the sad economic song of Europe on Thursday, as consumers tightened their belts against an inflation rate that was more than twice what the Bank of England had set as its target.
August 17, 2011
Signs Point Away From Treasuries, but Not Because of DowngradeYes, there could be more downside in the market , but a decline in confidence is very different from a decline in financial worthiness.
August 17, 2011
Congress’ Deficit Panel Talks Echo Fraught 1990 Budget Deal: News AnalysisDemocrats on the Super Committee charged with proposing $1.5 trillion in deficit reduction are citing as precedent a 1990 budget deal that raised taxes but may have doomed President George H.W. Bush's re-election prospects.
August 17, 2011
Top 7 Small Towns to Ride Out Tough EconomyWhen it comes to the economy, its bad, but not all bad. A team of CNN Money writers joined Onboard Informatics in ranking the top spots in the country for low crime and high employment, as well as good schools, cultural attractions and weather, among other factors.
August 17, 2011
Inflation Isn’t Stopping Dollar SellingTodays surprisingly robust inflation data initially propped up stocks, but Eurozone concerns pressured equities lower.
August 17, 2011
Merkel-Sarkozy Meeting Disappoints Europe MarketsA much-touted meeting between German Chancellor Angela Merkel and French President Nicolas Sarkozy over strategies to cope with the euro zones debt woes disappointed investors Tuesday, and stocks echoed their disappointment in Wednesday morning trading, moving lower.
August 17, 2011
Swiss Franc Continues RiseThe Swiss franc continued its rise into the stratosphere on Wednesday, spurred on by a failure by the Swiss National Bank (SNB) to directly intervene in the currency's valuation. Instead SNB boosted liquidity and said it would take additional steps.