Economy & Markets
The important economic and stock market news that advisors need to know.
U.S. Fund Investors Put $24 Billion Into Stocks, Bonds in May: Strategic Insight
By Joyce HansonMutual fund investors added about $24 billion in net new cash to U.S. stock and bond funds in May, Strategic Insight reported Monday, a slight decline from April.
June 13, 2011
Best & Worst States for Economic GrowthNorth Dakota tops list of 2010 GDP gainers, while Wyoming is at bottom of Commerce Department survey, with several surprises in between.
June 13, 2011
Economist Roubini’s Warning Shot on China: ‘Hard Landing’ AheadNouriel Roubini, the economist who forecast the global economic crisis, says that there is a "meaningful probability" that China will be in for a "hard landing" in 2013, and that in its current handling of its debt crisis, the euro zone is piling up problems that it will have to...
June 13, 2011
Israel’s Fischer Seen as Unlikely IMF Chief SuccessorZambian-born Stanley Fischer has thrown his hat into the IMF leadership ring with those of French Finance Minister Christine Lagarde and Mexico's central bank chief, Agustin Carstens.
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