Economy & Markets
The important economic and stock market news that advisors need to know.
Economic Think Tank Polls Experts on Key Policy Questions
By Gil WeinreichThanks to a just launched website produced by the University of Chicago Booth School of Business, you can follow your favorite economist, or get a sense of what the consensus of leading economists think about a variety of current public policy questions.
November 21, 2011
EU to Greece: Put It In WritingThe European Commission ordered Monday that Greeces new leaders must put in writing their pledge to honor new austerity measures before Athens is given its sixth installment of aid.
November 21, 2011
Best 5 Investment Picks for 2012Top investment strategists who presented their 2012 outlooks in New York recently said corporate earnings were at an all-time high, and the smart money was positioning investments for growth next year.
November 21, 2011
Buffett: Eurozone Faces 'Major Flaw'Warren Buffett, head of Berkshire Hathaway, said Monday on his first trip to Japan that the debt crisis in Europe had revealed a 'major flaw' in the eurozone, and that words alone would be inadequate to repair it.
November 18, 2011
BlackRock’s Fink, PIMCO’s Gross Sound Off on Economy, Occupy ProtestsLarry Fink of BlackRock and Bill Gross of PIMCO sat down on Thursday with Bloomberg Television's Erik Schatzker for a conversation at an alumni event hosted by UCLA Anderson School of Management. Both men are alums of the school, having graduated five years apart.
November 18, 2011
Derivatives Danger: Fears of Next Big Financial Crisis Won’t Go AwayOn a summer evening in 2007, a Goldman Sachs salesman sent a courtesy email to an AIG Financial Products exec warning of a margin call. So began the first collateral call on CDS contracts, leading up to the firms September 2008 insolvency.
November 18, 2011
As Deficit Committee D-Day Looms, Deal Looks DoubtfulWith Nov. 23 as the deadline, Republicans still arent budging on including taxes in any deficit proposal, while Democrats still are reluctant to allow significant changes to entitlement programs.
November 18, 2011
Iceland to Begin Depositor RepaymentIceland is preparing to make its first repayment on depositor losses that amounted to around $11 billion, in the first step to resolve a three-year dispute with the Netherlands and the U.K.