Economy & Markets
The important economic and stock market news that advisors need to know.
Best & Worst States for Economic Growth
By Gil WeinreichNorth Dakota tops list of 2010 GDP gainers, while Wyoming is at bottom of Commerce Department survey, with several surprises in between.
June 13, 2011
IMF Hacking Targeted Insider Information: Security ExpertThe computer systems of the IMF have been the target of a months-long hack attack, according to a cybersecurity expert who said the goal of the infiltration appeared to be to establish a presence within the system and gain inside information.
June 10, 2011
Chinese Ratings Agency Warns of de Facto Default on U.S. DebtThe Moody’s of China, Dagong Global Credit Rating Co., has warned bond investors that the United States is on the path of insolvency. “In our opinion, the United States has already been defaulting,” said Guan Jianzhong, Dagong’s president.
June 10, 2011
Muni Managers Say Widespread Default Fears Overblown: Morningstar ConfabRecent gloom about possible vast municipal bond defaults, like those predicted by Meredith Whitney, got a dismissive response from a panel of muni bond portfolio managers at the Morningstar Investment Conference in Chicago. “The predictions of widespread defaults that are going to decimate municipal bond portfolios are completely preposterous,” said...
June 10, 2011
Five Good Questions on Portfolio Theory with Hedge-Fund Manager Scott VincentThe author of “Is Portfolio Theory Harming Your Portfolio” discusses active vs. passive management
June 10, 2011
Lagarde May Get South African Challenge for IMF ChiefAlthough French Finance Minister Christine Lagarde is seen as the frontrunner to step into the lead job at the International Monetary Fund (IMF) after the hasty departure of Dominique Strauss-Kahn, a new candidate may offer her a run for her money.
June 10, 2011
Eurozone Squabbles Over Greek RescueEurozone nations weighed in on the Greek financial crisis as the International Monetary Fund (IMF) and European Central Bank (ECB) rejected the involvement of private creditors, lest ratings agencies see their cooperation as coerced and term the measure a default.
June 10, 2011
FPA in China: A Chinese Planner’s Analysis of Trip’s ValueA representative of the FPSB China shares her insights on financial planning in China and the value of the FPA’s trip.