Economy & Markets
The important economic and stock market news that advisors need to know.
No Bailout for Greece–Yet
By Marlene Y. SatterGreeces hard-won agreement from political leaders in Athens was rejected late Thursday as not tough enough. Instead, Greece was told to go back to the drawing board.
February 09, 2012
January Market Bump Cheers Advisors: PollAdvisors' optimism on the behavior of the stock market has zoomed upward by 50% after three weeks of strong showings.
February 09, 2012
China ETF: Foot in the Door to Foreign InvestingChinese regulators' approval of the countrys first ETF linked to Hong Kongs Hang Seng China Enterprise Index represents a cautious opening for Chinas tightly controlled capital markets.
February 09, 2012
George Soros’ 8 Bold Predictions From the ‘Tiger Den’At Tiger 21 event, Soros was asked for his predictions on everything from Jon Corzine going to jail to Obama's re-election chances.
February 09, 2012
BoE Boosts QEThe Bank of England has injected another 50 billion pounds ($66.271 billion) into the British economy as it extended its quantitative easing (QE) program. Its monetary policy committee also opted to maintain its benchmark interest rate unchanged at 0.5%.
February 09, 2012
Buffett Backs Fink on Controversial Allocation AdviceCalling bonds among the most dangerous of assets, Buffett's sentiment adds credence to BlackRock Chairman Larry Finks controversial advice from Wednesday that investors should allocate 100% of their assets to equities.
February 09, 2012
Greece Agrees on Sharp Cuts to Clear Way for BailoutDisagreement over pension cuts had stalled an agreement among Greek leaders on austerity reforms demanded by the troika of the European Union, International Monetary Fund and European Central Bank.
February 08, 2012
Markets Remain Upbeat over Greek Debt DealMarkets remained hopeful Wednesday that a long-awaited deal to allow Greece to claim its second bailout was near despite another delay to discussions between the country's political leaders.