Economy & Markets
The important economic and stock market news that advisors need to know.
Enron Bankruptcy 10 Years Later: Before Bailouts Were Big
By Gil WeinreichThough just a decade ago, the Enron era in some ways seems to belong to another eraa time when failing companies met with bankruptcy rather than bailouts.
December 02, 2011
Budgets, Not Bonds: Germany’s Merkel Talks Tough on EurozoneGerman leader insists key to euro debt crisis is austerity, not eurozone bonds or ECB intervention.
December 02, 2011
Thomson Reuters' CEO Glocer Out; Replaced by COO SmithStock price drop in markets information provider precedes shuffle.
December 02, 2011
Judge Rakoff Says Goldman's Blankfein Can Testify in Insider Trading CaseControversial Federal judge orders that deposition can be taken before Rajat Gupta insider trading trial.
December 02, 2011
States Ready to Chip in to Boost Economic RecoveryAll eyes are on the lingering effects of the 2008 financial meltdown, and federal policymakers are understandably anxious to find a formula that will revive the national economy and help bring unemployment levels down. The states are ready to help.
December 01, 2011
Is a December Rally Likely?—Searching for Alpha for December 2011The central bank-inspired rally may very well continue up through the end of 2011.
November 30, 2011
Critics Fault Ratings Agencies on Greece DowngradeIn yet another embarrassment for rating agencies in the wake AAA subprime loans and other missed economic cues, critics charge that Moodys should have been tougher a lot earlier on their downgrade of Greece.
November 30, 2011
Axel Merk: How to Save the EuroCan the euro be saved? Short answeryes, but it will take some doing, says currency manager AxeI Merk. In commentary released Wednesday, Merk examines what he calls 'the dual challenges of fiscal sustainability and bank solvency' which are key to the euros recovery.