Economy & Markets
The important economic and stock market news that advisors need to know.
Soros: EU Unprepared for a Country’s ‘Inevitable’ Departure
By Marlene Y. SatterAccording to billionaire financier George Soros, it is "probably inevitable" that a country will end up leaving the euro zone. When that happens, he said Sunday, policymakers had best have a Plan B in the works to avoid economic collapse in the European Union.
June 24, 2011
Bill for Covered Bond Market in U.S. Wins House Panel’s Bipartisan SupportA covered-bond bill that could introduce a significant funding for U.S. mortgages, based on a European model, won bipartisan approval from a House panel.
June 24, 2011
Draghi to Replace Trichet as ECB ChiefDraghi of Italy will assume his new post in October when he takes over from outgoing President Jean-Claude Trichet.
June 24, 2011
For Greece, Europe Discusses New Type of BondsBanks and European officials are discussing the possibility of using a different type of bond as a means of rolling over Greek debt in the hope that such a instrument will avoid raters classifying the move as a default, according to senior European banking officials.
June 23, 2011
EBRI Researcher Analyzes Annuity Price Change EffectsA change in deferred annuity prices will have a similar effect on the likelihood that a high-income or low-income male worker will achieve an adequate retirement income, according to Youngkyun Park.
June 23, 2011
Bob Reynolds on Putnam Turnaround, Next Steps—Weekend InterviewPutnam engineered a remarkable turnaround with the right people, the right products, the right compensation and now a focus on retirement income, Reynolds said.
June 23, 2011
Fidelity Launches TDF-Like Muni FundsBoston mutual fund behemoth Fidelity Investments announced Wednesday it launched the Fidelity Defined Maturity Funds, a series of four municipal income funds, each with a defined maturity date.
June 23, 2011
BondDesk Rolls Out BondWorks PlatformBondDesk's Chris Shayne says the revised BondWorks fixed-income retail trading platform is akin to going from a flip phone to a smart phone.