Economy & Markets
The important economic and stock market news that advisors need to know.
Libor Links Deleted From Banking Group's Site
By Marlene Y. SatterThe British Bankers Association, apparently distancing itself from controversy, has deleted links from its website that refer to its role in setting the London interbank rate as investigations over charges of rate manipulation swirl across the globe.
March 06, 2012
Debate of the Century (The Hip-Hop Version)This poetic passage from Fight of the Century, a new economics hip-hop music video that kicked off an opening session of the Investment Management Consultants Association, held in New York City in January, encapsulated a key argument of one the sessions two presenters: that claims as to the effectiveness of...
March 06, 2012
Greek 1-Year Bond Hits 1,000%Investors who would drool at the chance to turn a $1,000 investment into $10,000 in just a year are likely in no better position than the Greek mythological figure Tantalus unable to grasp the low-hanging fruit just out of his reach.
March 06, 2012
Portuguese Bond Yields RisePortugal may be in need of a second bailoutor so it seems from its sovereign bond yields, which have risen steadily despite a flood of cash from the European Central Bank that is flowing to other investment targets.
March 06, 2012
Pension Funded Status at Highest Level Since August 2011Pension funded status rose to more than 76% in February after five consecutive months of equities rallies, BNY Mellon reported on Friday.
March 06, 2012
Valliere at SSG: Economy Is ‘Healing’ but Watch Out for IranChief political strategist at Potomac Research Group optimistic on economy and markets, but warns of fallout from possible Iran attack and of increased paralysis in Congress after elections.
March 05, 2012
Fed Chief Bernanke: Economic HeroWell forgo the mental image of the Fed chairman in a cape and tights, but Alan Beattie, international economy editor at the Financial Times, argues Ben Bernanke is the only hero to come out of the global financial crisis.
March 05, 2012
China Cuts 2012 Growth TargetChinese Premier Wen Jiabao has set the country's growth target for 2012 at an eight-year low of 7.5% as he seeks to boost consumer demand within the nation and reduce reliance on external markets.