Economy & Markets
The important economic and stock market news that advisors need to know.
PIMCO’s Bill Gross: New Normal Has U.S. ‘Living Here in Allentown’
By Gil WeinreichPIMCO manager Bill Gross’ “new normal” has found a home — and it’s not the tony Newport Beach environs of the asset manager’s headquarters in California but rather the grim post-industrial Allentown immortalized in the Billy Joel song.
December 07, 2010
Euro Zone Ministers Take No Crisis or Budget ActionAfter five hours of talks, euro zone ministers decided to take no new action regarding the debt crisis, despite indications to the contrary earlier Monday.
December 06, 2010
Emerging Markets See Victory in FIFA’s Russia, Qatar World Cup PlayWith FIFA announcing the locations of the World Cup in 2018 and 2022, investors who have been thinking about putting their money on Russia and Qatar may want to place their bets now.
December 06, 2010
Eurozone Debt Crisis: EU Meets, Germany Resists Aid ExpansionEuro zone leaders gathered Monday in Brussels to discuss a new report from the International Monetary Fund (IMF) and to call for additional measures to restore calm in the financial markets, as Germany resisted expansion of aid efforts.
December 06, 2010
U.S. Stops Production of High-Tech Hundred Dollar BillWhen it comes to printing problems, it’s all about the Benjamins.
December 06, 2010
Bush Tax Cuts: Obama Sees Compromise Tied to Jobless BenefitsObama’s Deputy Press Secretary Bill Burton: The President “is confident that in the next couple of days or so we will find a way to extend tax cuts for middle-class families."
December 06, 2010
Spanish Austerity Measures Lead to State of EmergencyThe wildcat air traffic controller strike in the wake of Friday’s approval of strong austerity measures in Spain led to a declaration of a state of emergency.
December 05, 2010
Will Bush Tax Cuts Be Extended, and Bernanke Speaks: Advisor Briefing for the Week of Dec. 6, 2010This week will bring more meetings and possibly action in Europe on the debt and bailout front, while the domestic economic reports that may move the markets include reads on manufacturing, mortgages, trade and consumer sentiment.