Economy & Markets
The important economic and stock market news that advisors need to know.
Greece Says No to Restructuring Debt
By Marlene Y. SatterA year and a day ago, Greece received a bailout from the EU and the IMF, and since that time the cost of borrowing money has risen steadily for Athens, with the yields on 10-year bonds standing currently at 15.5%—almost 12% higher than the yield on equivalent German Bunds.
May 02, 2011
Robert Pozen, MFS Investment Management: The Extended 2011 IA 25 ProfileNot content to rest on his laurels as MFS Investment Management chairman emeritus, Bob Pozen is a senior lecturer at Harvard Business School and a senior fellow at the Brookings Institution.
May 02, 2011
Osama Bin Laden Killing Makes Little Impact on Oil, Gold, U.S. StocksAfter the U.S. militarys daring raid that killed Osama bin Laden on Sunday, Americans spilled into the streets, but on Monday, the markets reacted to the news with little fanfare.
May 02, 2011
Advisor Confidence Index Falls as Year ProgressesAlthough the Rydex/SGI Advisor Confidence Index began 2011 at nearly a four-year high, it has steadily eroded since then as conditions in the global economy take their toll.
May 02, 2011
Firing Clients When They Become Too Directive: Why I Did ItWhy advisor Mike Patton finally resigned as advisor to a client who wanted too much control over the portfolio.
May 02, 2011
Buffett, Munger Talk Sokol, Succession, Bankers at Berkshire MeetingBuffett termed the situation surrounding David Sokol and the acquisition of Lubrizol "inexplicable and inexcusable," and Munger said the involvement of investment bankers in helping to hide the gravity of Greece’s debt situation was “perfectly disgusting.”
May 02, 2011
(Almost) Time to Buy the Dollar: Searching for Alpha for May 2011Any plan for reducing the deficit would likely be a turning point for a higher dollar.
May 02, 2011
Congress and Spending and Jobs—Advisor Briefing for the Week of May 2, 2011Moving markets this week: budget and deficit talks and the jobs report. Attracting advisors this week: RJ annual conference and FPA retreat.