Economy & Markets
The important economic and stock market news that advisors need to know.
Soros: Germany Should Lead Eurozone or Leave It
By Marlene Y. SatterBillionaire financier George Soros said that Germany's insistence on austerity measures, if not checked and replaced by growth strategies, will push the region into a depression.
September 07, 2012
PIMCO’s Gross, Roubini Say QE3 Is Coming in Wake of Weak Job NumbersIn the least kept secret in investing, Bill Gross of PIMCO said lackluster jobs data will move the Fed to initiate quantitative easing.
September 07, 2012
Stop beating up the richMost large accumulations of wealth today are earned, not inherited. So why such a backlash against the 1%?
September 07, 2012
Nomura May Buy Asian Investment Firm or BrokerNomura Holdings may be pulling back on the global stage, but its looking for ways to boost its presence in Asia to take advantage of the regions growth and its rising coterie of affluent individuals.
September 07, 2012
LIBOR Will Be Gone in 5 Years: PollA majority of investors surveyed around the world believe that LIBOR will be gone within five years, and a more tightly regulated benchmark will take its place.
September 07, 2012
ECB Plan Cuts ‘Drama’ From Aid Requests: MontiECB President Mario Draghis plan to buy bonds and drive down the interest rates for eurozone countries in trouble has lessened the stigma of asking for help, according to Prime Minister Mario Monti of Italy.
September 06, 2012
Is SEC Really Too Cozy With Wall Street?Revelations of the close ties between a former SEC commissioner and key SEC policymakers are reviving questions about a so-called revolving door in which the lure of future high-paying jobs may improperly influence government decisions.
September 06, 2012
7 U.S. Presidents Who Flopped FinanciallyBecoming president doesnt mean youre as successful with your money as with your career. AdvisorOne spotlights seven who flopped financially.