Economy & Markets
The important economic and stock market news that advisors need to know.
IMF's Lagarde Says World Risks 'Lost Decade'
By Staff WriterThe head of the International Monetary Fund warned Wednesday the global economy faces the risk of a "lost decade" of little or no growth and Asia should be on guard to deal with a downturn.
November 08, 2011
Big U.S. Banks Are ‘Uninvestable,’ Say Industry Insiders at SIFMA MeetingIndustry insiders criticized big U.S. banks as being uninvestable on Tuesday at the Securities Industry and Financial Markets Associations (SIFMA) annual meeting in New York.
November 08, 2011
Citigroup’s Vikram Pandit: Today ‘Fundamentally Different’ from 2008Citigroup CEO Vikram Pandit said leverage brought on the crisis of 2008, while living with the consequences of a period of over-leveraging characterizes the market today, which he says is a fundamental difference between the two.
November 08, 2011
End Banker Bonuses: TalebEliminating bonuses for bankers would bring true reform to the system. writes 'Black Swan' author Nassim Nicholas Taleb.
November 07, 2011
Five Good Questions for LPL's Jeffrey KleintopThe chief investment officer shares his views on the markets, Occupy Wall Street and more.
November 07, 2011
SEC's Schapiro: More Money Market Reforms ComingThe Securities and Exchange Commission plans to issue a proposed rule on money market funds 'in very short order,' said SEC Chairman Mary Schapiro on Monday, which would reduce the funds susceptibility to runs.
November 07, 2011
John Hussman Warns: Probability of Recession ‘Near 100%’John Hussman, the former international finance professor turned portfolio manager, warns that 'nearly every traditional asset class is priced to achieve miserably low long-term returns right now.
November 07, 2011
My View on the Markets and Articulating It to ClientsIndependent advisors need to have their own viewpoint on the global markets and economy, and must articulate that view to clients. Heres my process