Economy & Markets
The important economic and stock market news that advisors need to know.
Spain Gets Extra Year to Cut Debt
By Marlene Y. SatterSpain will be given an extra year to get its deficit reduction under control, but markets were not impressed with the action.
July 09, 2012
Eurozone Finance Ministers to Meet in BrusselsMeeting will discuss rescue measures decided at the June EU summit meeting, and pessimistic markets drove the euro down to a two-year low in anticipation of the talks.
July 09, 2012
BoE’s Tucker Will Testify on Barclays, LiborPaul Tucker, deputy governor of the Bank of England, was to appear before Parliament to give his version of events described in a memo written by Bob Diamond, former CEO of Barclays.
July 09, 2012
Risk On or Risk Off? Goldman’s Jim O’Neill vs. Gary ShillingMarkets are more on the ball than many that talk about them, says GSAM's O'Neill. But AdvisorOne contributor Gary Shilling says we're in a recession.
July 09, 2012
Hussman’s Scary Question: ‘What if Fed Throws a QE3 and Nobody Comes?’The noted portfolio manager, who believes a global recession is already unfolding, says problems cant be solved by more reckless bubble-blowing by the Fed.
July 09, 2012
Follow the Money: Where Did Funds Flow in Q2?In addition to bonds, a select group of equity funds experienced inflows in the March-June period, EPFR Global says.
July 09, 2012
Roubini: ‘Perfect Storm’ of Economic Pain Is Unfolding NowPerma-bear economist Nouriel Roubini tweeted Monday that the perfect storm he predicted earlier this year is now occurring.
July 09, 2012
Does Adding Government Debt Stimulate the Economy?Sorry, but Europe's experience suggests more government spending is not the solution.