Economy & Markets
The important economic and stock market news that advisors need to know.
Investors, Tune Out ‘Election Noise’ and Focus on Long Term: Wells Fargo Advisors Report
By Melanie WaddellInvestors would be wise to tune out the election noise and any short-term market gyrations and focus on their long-term investment strategy, a new report by Wells Fargo Advisors says.
September 06, 2012
ECB Holds Rates as Draghi Reveals PlanThe ECB held interest rates where they were as its president, Mario Draghi, presented his bond-buying plan designed to save the euro.
September 06, 2012
Gold Up on ECB HopesFor the first time since March, the price of gold rose above $1,700 per ounce on hopes that the ECB would announce a plan for unlimited purchase of sovereign bonds as a means of combating the financial crisis.
September 05, 2012
PIMCO’s Bill Gross: ‘The Age of Inflation Is Upon Us’When yields are too low and risk spreads too narrow, lending is at risk. What's an investor to do?
September 05, 2012
Survey: Quarter of Americans Feel PoorYounger people are more likely to classify themselves as poor than older Americans.
September 05, 2012
In euro crisis, U.S. lessons unlearnedFinancial troubles hit both about the same time, yet the euro zone continues to struggle while the U.S. begins to show growth.
September 05, 2012
Troika Demands Greeks Adopt Six-Day WorkweekGreeks could be forced into harsh new labor regulations as part of the terms of its bailout, according to a leaked letter from the so-called troika of the EC, ECB and IMF.
September 05, 2012
Australia Set to Supplant Spain as 12th Largest EconomyOpportunities Down Under seem to be proliferating at a rate that will help the lucky country beat out troubled Spain this quarter as the worlds twelfth largest economy, as reckoned by GDP.