Economy & Markets
The important economic and stock market news that advisors need to know.
Inflated Science
By Alexei BayerIn 1968, the Swedish central bank donated money to the Nobel Foundation to establish a Nobel Prize in economics. It became the sixth category in which…
July 01, 2011
What Really Moves Markets?How the U.S. markets reacted after September 11 and after other unexpected days of infamy and destruction.
July 01, 2011
Minnesota Government Shuts DownThe Minnesota government began shutting down on Friday after lawmakers failed on Thursday to to reach a budget agreement before a midnight deadline. It is the second time such a shutdown has occurred in six years.
July 01, 2011
Top 10 Reasons Why the USA Is No. 1: SlideshowTop 10 Reasons Why the USA Is No. 1: U.S. President Barack Obama "is the most famous living person in the history of the world." And more.
July 01, 2011
Raymond James to Buy $650M of Allied Irish's Canadian LoansThe portfolio will be owned by Raymond James Bank and includes $500 million of outstanding loans.
July 01, 2011
China Stockpiled U.S. DebtThe U.S. Treasury changed the rules in 2009 concerning how it conducts its auctions, and the reason was the stockpiling of U.S. debt by China, according to a report that says that rule change substantially altered the configuration and bidding of the auctions.
July 01, 2011
Geithner May Step Down After Debt TalksGeithner is President Barack Obama’s longest-serving financial advisor; his departure would raise the question of who would succeed him at a time when a number of presidential choices for top financial positions have been blocked in Congress.
July 01, 2011
Do ETFs Pose a Systemic Risk? Searching for Alpha for July 2011Want to avoid that risk? Consider only using those ETFs whose underlying assets are more liquid than the ETFs themselves.