Economy & Markets
The important economic and stock market news that advisors need to know.
Don’t Believe June Jobs Report, TrimTabs Says
By Gil WeinreichTrimTabs economist Madeline Schnapp says revised U.S. jobs figures will later confirm were in the middle of a long-term depression.
July 05, 2012
BlackRock’s Fink: U.S. Politicians ‘Snoring Away’ on Europe, EconomyFink says no full recovery in United States until 2014; adds that the resignation of Barclays Diamond is sad for me.
July 05, 2012
Barclays’ Diamond Blames Libor Fixing on Other Banks, RegulatorsMoodys cuts Barclays' outlook; investors may be on the hook for losses.
July 04, 2012
Bank of England Implicated by Barclays in Libor FixingDocuments released by the bank indicate that he may have been given tacit approval by Paul Tucker, deputy BoE governor, to adjust Libor rates to be more in line with other banks after Whitehall expressed concern lest Barclays appear to be in trouble.
July 03, 2012
Is Everything for Sale?"Do we want a society where everything is up for sale, or are there certain moral and civic goods that markets do not honor and money cannot buy? asks Michael Sandel, author of the new book "What Money Can't Buy: The Moral Limits of Markets."
July 03, 2012
Energy Prices Headed Up: T. Boone PickensNatural gas and crude oil prices should increase somewhat over the next six months, the billionaire energy investor says.
July 03, 2012
Real U.S. Job Creators Coming From Unexpected PlaceAs the United States faces the challenge of creating more employment nationwide, new jobs are coming from an unexpected place the 'positive-impact' sector, says a recent report from HIP Investor Inc.