Economy & Markets
The important economic and stock market news that advisors need to know.
War of Borrowers Against Savers: News Analysis
By Gil WeinreichWhen Fed Chairman Ben Bernanke announced two weeks ago that the Fed expected to maintain its near-zero interest rate policy at least as long as the end of 2014, it was the latest salvo in our loose monetary regimes increasing repression of savers.
February 08, 2012
LPL’s Moore Says BD Is a ‘Positive Attractor’ for Advisors: Q4 EarningsRobert Moore, CFO of the largest IBD, tells AdvisorOne flat Q4 is due to market volatility.
February 08, 2012
BlackRock’s Fink Advises 100% Allocation to EquitiesBlackRock's Larry Fink told Bloomberg Television from Hong Kong that investors should have 100% of investments in equities due to low valuations and higher returns than bonds.
February 07, 2012
SEC’s Money Market Rule Changes Assailed by Fund CompaniesICIs Paul Schott Stevens warns agency hat trick will jeopardize investors, businesses, governments and the economic recovery.
February 07, 2012
Regulators Casting Light on Shadow BanksConcerns that shadow banks have no backstop in case of crisis and offer opportunities to engage in risky, if not illegal behavior, are pushing regulators for the G20 to look more closely at such institutions.
February 07, 2012
'Harry Potter' Star Supports Higher Taxes for WealthyMove over, Wizard of Omaha. Youve got companythe Wizard of Little Whinging. Actor Daniel Radcliffe, best known for his portrayal of wizard Harry Potter, has come out in favor of taxing the wealthy, himself included.
February 07, 2012
Greece Stalls, Germany Pushes for DealGerman Chancellor Angela Merkel says she doen't understand how more delays can help.
February 07, 2012
Bernanke Testimony Contradicts Optimism on JobsFed Chairman Ben Bernanke testified before the Senate Budget Committee on Tuesday, telling lawmakers that the job market is still far from healthy after signs of economic improvement over the past year.