Economy & Markets
The important economic and stock market news that advisors need to know.
6 Sectors Hit by Downgrade: S&P Analysis—Slideshow
By John SullivanMaybe you heard? Our partners at Standard and Poors caused a bit of a stir by downgrading U.S. debt from AAA to AA+. Though theyre quick to note the equity research team is separate and distinct from the ratings arm, we went to the source for their view on the...
August 11, 2011
More Thoughts on the Eurozone SelloffA few more thoughts on yesterday afternoons blog that noted Wednesdays selloff was Eurocentric can be found in an excellent article in the New York Times.
August 10, 2011
The week that wasWhew! Last week was something, wasn't it? Stocks in free fall and panic in the streets.
August 10, 2011
August 10 Markets' Freefall More Eurocentric Than AmericanWatching the market give up its hard-earned gains from Tuesday was certainly painful, and most likely due to events in Europe, not the United States.
August 10, 2011
Commerzbank Profits Fall 93% on Greece WoesAn indication of how much the debt woes of other countries may affect banks came on Wednesday as Commerzbank AG of Germany said its quarterly profit fell 93% once it had written down the value of its Greek holdings.
August 10, 2011
Ben Bernanke Vindicates Bill Gross on ‘New Normal’PIMCOs concept of new normal, predicated on the belief that global growth and investment returns will be far lower moving forward than seen in the recent past, continues to generate controversy.
August 10, 2011
What the Fed's Action May Mean: Another Round of QE?Why valuations could get even more compelling; Treasury believes in "growth before austerity"
August 10, 2011
Nine Are Named to Crucial Deficit PanelSenate Majority Leader Harry Reid was the first of the four congressional leaders to make his three selections for the Joint Select Committee on Deficit Reduction, with Speaker John Boehner and Sen. Mitch McConnell following Wednesday, and Rep. Nancy Pelosi yet to make her picks.