Economy & Markets
The important economic and stock market news that advisors need to know.
BNY Mellon’s Hoey Sees ‘Global Growth Recession’ for 2012
By Joyce HansonThe worlds markets will see a "global growth recession" as economies tend toward monetary easing and low interest rates that aren't yet inflationary, says BNY Mellon's Richard Hoey.
March 01, 2012
CDS Not Triggered by Greek Bailout: ISDAThe bailout of Greece involving an exchange of sovereign bonds did not constitute a credit event and therefore need not trigger credit default swaps to pay creditors, according to the International Swaps & Derivatives Association.
March 01, 2012
Eurozone Manufacturing Still Falling, but LessThe purchasing managers' index for February continued on a downward slope, albeit not quite so steeply as Germany and the Netherlands reported gains and France stabilized.
March 01, 2012
Low Rates Driving Market Higher, but Watch Valuations—Searching for Alpha for March 2012The stock market has been able to follow a spectacular January with an impressive February.
March 01, 2012
Bill Gross Brings Active Management to PIMCO Total Return ETF LaunchWith the launch of the PIMCO Total Return ETF, managed by Bill Gross, investors are closely watching to see how his active management of an ETF fares.
February 29, 2012
BlackRock Launches Education Initiative for Volatile MarketsBlackRock launched on Wednesday what it calls a multi-faceted global initiative, designed to help investors deal with low yields and volatile markets.
February 29, 2012
Sallie Krawcheck: Money-Market Funds Aren't What You ThinkIts been a little over three years since the Reserve Primary Money Market Fund "broke the buck," and Sallie Krawcheck took to the pages of The Wall Street Journal on Wednesday to reveal surprising facts about the stability of the money-market fund industry since.
February 29, 2012
Have We Turned the Confidence Corner? Millionaires Think SoSpectrem Millionaire Confidence Index hits nine-month high; consumer confidence, Chicago PMIeven Ben Bernankepoints to a possible resurgence, but Spectrems Wolper warns about negative effect of rising gas prices.