Economy & Markets
The important economic and stock market news that advisors need to know.
How much money should you save for a rainy day? (NPR)
By Staff WriterA survey by the Federal Reserve found that 35.2% of Americans save for a rainy day. Thats even ahead of retirement.
June 11, 2012
It’s the ‘Warped’ Financial System, Stupid: HussmanThe financial system has been transformed into a self-serving, grotesque casino that encourages speculation and refuses to restructure bad debt, the portfolio manager John Hussman says.
June 11, 2012
Swanson of MFS Sees ‘Garden-Variety Recession’ in EuropeThanks to a number of factors, including world profit margins on the rise and an expansion in the U.S., James Swanson of MFS Investment Management says the next six months present not a terribly bearish story.
June 11, 2012
PIMCO’s El-Erian: Bond Bubble Simply New NormalEl-Erian knows why worldwide bond markets, where yields have dropped to record lows and debt has exploded to more than $40 trillion, arent a problem.
June 11, 2012
Spain Accepts BailoutSpain accepted a bailout Saturday for its financial sector, and Italy stepped up into the spotlight over concerns that it may be the next country to request aid.
June 11, 2012
Da Bulls and Da Bears: The See-Saw Market and Prospects for QEIIIFollowing a good week in the markets, what's next? A look at prospects for more quantitative easing, and why it would only be a stopgap measure.
June 08, 2012
America Must Unleash the Wealthy to Relaunch Economy: News AnalysisThe 400 wealthiest Americans, who earned $81 billion collectively, paid nearly as much in taxes as the bottom 50% of U.S. taxpayers69 million Americans who together earned more than $1 trillion.
June 08, 2012
PIMCO’s El-Erian: What Bernanke Really MeantThe Fed chief's comments on Thursday were carefully crafted so as not to rattle the markets, but PIMCO CEO Mohamed El-Erian took to the Huffington Post to deconstruct the true meaning behind the politico speak.