Economy & Markets
The important economic and stock market news that advisors need to know.
Illinois Settles SEC Fraud Charge Over Pensions
By John O'ConnorGov. Pat Quinns administration admitted no wrongdoing in the way state officials borrowed money to pay pension obligations through $2.2 billion in municipal bond sales from 2005 to 2009.
March 25, 2013
Bye-Bye BRICs, Hello TIMPsSome countries that were once hot, today are notor at least, not as hot as they once were, says one investment expert.
March 25, 2013
Cypriots are suspicious, but bailout deal seems setBailouts come with strings and hitting large bank depositors with tax increases is one of them.
March 25, 2013
Emerging Markets’ Lag Biggest Since 1998Is it more wind in the sails for the developed worlds recovery, or a sign were all once again in trouble?
March 25, 2013
Bill Gross ‘Stamps’ His Approval on $2 Million AuctionBill Gross and his wife, Sue, will auction pieces of their stamp collection in April with the proceeds going to charity.
March 25, 2013
Congress’ Next Slugfest: Debt Ceiling, 3 Battling BudgetsNow that the government is funded through September, Congress must tackle the debt ceiling and three separate budgets, says Andy Friedman of The Washington Update.
March 22, 2013
Peter Schiff: The Dollar’s Collapse Is (Still) ComingWheres the dollars collapse, the sky-high inflation, societal chaos, the oceans of fire? The outspoken head of Euro Pacific Precious Metals has warned of the dire consequences of Fed action for what seems like forever.
March 22, 2013
Ouch! DoubleLine Raids TCW Again for More TalentThe focus has now turned to equity analysts, as the fixed-income shop makes a push to broaden its investment horizons.