Economy & Markets
The important economic and stock market news that advisors need to know.
Georgia on My Mind: Emerging Market Temptations
By Gil WeinreichA bank in Georgia is offering a dazzling 8% rate on a 1-year CD or 9% for 2 years, but its not SunTrust Bank in Atlanta but TBC Bank in Tibilisi.
August 12, 2011
5 Best Quotes From Wild Market Month—So FarAs investors suffered market whiplash in August, Bill Gross, Jeremy Grantham and others made insightful, if not depressing, comments about the economic implications stemming from the debt ceiling debacle and the S&P downgrade.
August 12, 2011
Growth in French Economy Grinds to a Halt in Q2Despite the fact that economists had expected growth of 0.3% in the French economy in Q2, consumers cut back and there was no growth at all for the period.
August 11, 2011
‘Depressed’ Stiglitz: Optimistic Scenario Is Japanese-Style MalaiseAccording to Nobel Prize-winning Prof. Joseph Stiglitz of Columbia University, an unwillingness to admit just how bad things were and an economic stimulus package that was inadequate got the U.S. into its present state, and the Fed cant do anything more to help.
August 11, 2011
Britain Chides U.S., Sees Greatest Danger to Global Economy Since 2008Britain's Chancellor of the Exchequer asks those who spent last year telling the United Kingdom to follow the American example of yet more fiscal stimulus to explain why the U.S. economy has grown more slowly than the U.K.s so far this year.
August 11, 2011
What We Own and Why: The Fixed Income PortfolioA respite from recent stock selling pressure has given me the opportunity to discuss our fixed income holdings. Combining bonds with stocks is a sensible way to add diversification to client holdings.
August 11, 2011
Bill Gross’ Bet Pays Off as PIMCO Profits From Black SwansStaying true to PIMCOs CIO Bill Gross new normal forecast, PIMCOs hedged bets are paying off.
August 11, 2011
With Pelosi Picks, Deficit Panel Now CompleteBringing the number to 12, House Democratic Leader Nancy Pelosi announced Thursday her picks for the Joint Select Committee on Deficit Reduction.