Economy & Markets
The important economic and stock market news that advisors need to know.
Jeff Gundlach Offers $1.7 Million for Return of Stolen Art
By John SullivanIn a dramatic and at times chaotic press conference in downtown Los Angeles on Monday, star fund manager Jeff Gundlach increased the reward offered for the return of his stolen property from $200,000 to $1.7 million.
September 24, 2012
We Have Already ‘Eaten the Future’: HussmanWe've all heard that theres no free lunch. But do investors understand that if theyre dining on champagne and caviar on a burger-and-fries budget today, they will be looking at bread and water in the future?
September 24, 2012
Boost Home and Capital Gains Taxes on Wealthy, Says Britain’s Deputy PMBritains deputy prime minister called for an increase in taxes on capital gains and on the priciest real estate transactions, saying it was harder for the wealthy to avoid taxes on assets they couldnt just pick up and move.
September 24, 2012
Japanese Finance Minister to Take Party PostJun Azumi, Japans finance minister, will take a senior position in the countrys governing Democratic Party, although he will continue with ministerial duties until a replacement has been named.
September 24, 2012
German Confidence Drops AgainGerman business confidence fell once more in September, this time to its lowest level in two and a half years, as growth slowed as well. Economists had expected it to move in the other direction.
September 21, 2012
Defined Maturity ETFs: Innovation in Fixed IncomeDefined maturity ETFs combine the benefits of individual bonds, bond funds and traditional fixed-income ETFs.
September 21, 2012
Brandywine Beats PIMCO With Sharp Macro CallsBrandywine portfolio manager Stephen Smith's open secret is that he's shorting the bond market while awaiting its return to what he calls normalization.
September 21, 2012
Raymond James Boosts Fees, Commissions 8% in August to $250MThese results are complemented by a 1% jump in assets to $383 billion.