Economy & Markets
The important economic and stock market news that advisors need to know.
Fitch Threatens Greek Downgrade if Bond Rollover Occurs
By Marlene Y. SatterAs Greece faces an unpopular vote on Tuesday over even more unpopular austerity measures, Fitch Ratings kept up the pressure by saying that it would regard a voluntary rollover of bond maturities as a default and cut the country's credit rating accordingly.
June 20, 2011
Consumer Confidence Out of Sync with U.S. Stock GainsBloomberg Consumer Comfort Index diverges from Dow for the first time in 20 years.
June 20, 2011
Moody’s Warns Italy Over Debt as Eurozone Contagion Fears SpreadMoody’s expressed concern about what rising interest rates might do to an Italian economy that is struggling to recover from recession and burdened by heavy debt.
June 20, 2011
Why Do Most Advisors Think They're Above Average in Intelligence?Why I’m skeptical--and will remain so--of supremely confident market prognosticators.
June 20, 2011
Mexico: Rise of a Major MarketResearch Senior Editor Ken Silber discussed Mexico’s growing and high-potential stock market, on the Gabe Wisdom Show, Business Talk Radio, 6/6/11.
June 20, 2011
EU Delays Deal on Greek BailoutA meeting of eurozone ministers broke up early Monday with a decision to delay delivering any funds of the rescue package for Greece. The ministers have decided to await the result of a contentious vote in Athens' Parliament on Tuesday night, the outcome of which is by no means assured.
June 19, 2011
REITs for an Uncertain EnvironmentThe financial markets are focusing on the implications of a possible Greek default and the prospect of slower economic growth. Given that less-than-positive…
June 19, 2011
Three REITs for an Uncertain Environment: Portfolio FixSome REITs should be able to maintain historical average dividend growth of 5%