Economy & Markets
The important economic and stock market news that advisors need to know.
Lagarde May Get South African Challenge for IMF Chief
By Marlene Y. SatterAlthough French Finance Minister Christine Lagarde is seen as the frontrunner to step into the lead job at the International Monetary Fund (IMF) after the hasty departure of Dominique Strauss-Kahn, a new candidate may offer her a run for her money.
June 09, 2011
At Morningstar Advisor Conference, Rapid Fire Round Table on Macro-Economic IssuesDon Phillips, Scott Burns, Russ Kinnel tackle large items in short amount of time.
June 09, 2011
Shiller Warns of Double-Dip Home Price Drop, ‘New Recession’The housing market is in for more losses, and that the bubble that preceded its unprecedented drop was "unique in U.S. history," Robert Shiller, Yale professor of economics and author of "Irrational Exuberance," said Thursday at Standard & Poor’s Housing Summit 2011: Boom, Bust and Beyond on Thursday.
June 09, 2011
Economist Hoey on Growth and ‘Debt Hangovers’: Pershing InsiteBNY Mellon-Dreyfus chief economist sees 4% growth globally as global economic expansion continues.
June 08, 2011
Treasuries Rallied, Demand for Individual Munis Stabilized in May: BondDesk ReportA “flight to quality,” triggered by downbeat U.S. employment and housing data and the continuing Greek debt crisis, sent investors out of equities and into Treasuries in May.
June 08, 2011
Germany Puts Greek Debt Restructuring on TableIn a letter to European Union (EU) nations, German Finance Minister Wolfgang Schaeuble urged countries to make private bondholders contribute to Greece's impending debt relief arrangement.
June 08, 2011
World on U.S. Debt Default: ‘Frightening,’ ‘Huge Panic Globally’As wrangling in the U.S. Congress continues over the debt ceiling, with Republicans insisting that a taste of default could force the White House to cut spending, the rest of the world looks on in growing horror at the prospect.
June 08, 2011
State of Economy: ‘Things Aren’t Getting Worse,’ Says Milken’s DeVolMilken economist Ross DeVol says the economy can recover so long as price of Arab oil doesn't dramatically spike again.