Economy & Markets
The important economic and stock market news that advisors need to know.
Advisors Regain Cheer Amid Gloom
By Marlene Y. SatterAfter a particularly glum confidence index in September, advisors have apparently recovered their mojo in, of all times, a month that saw Greece nearly default (again) on its debt and UBS' trading scandal.
November 01, 2011
Domestic, Emerging Market Debt DivergeAs in most downturns, the middle and lower classes are taking the brunt of this less-than-stellar economic environment.
November 01, 2011
Pull the TriggerA GDP trigger is something that has an effect on the rate of GDP.
November 01, 2011
Bill Gross and LizAnn Sonders at Schwab Impact: ‘Make Things, Not Paper’PIMCO's co-CIO and Schwab's market strategist deliver straight talk on Europe, the U.S. economy and 'clueless' political parties.
November 01, 2011
Tiger 21: Ultra-Wealthy Keen on Preserving, Not Risking, Their MoneyA new survey of high-net-worth investors--with an average portfolio size of $83 million--suggests the ultra-wealthy place a far greater emphasis on preservation of capital than ordinary investors.
November 01, 2011
Bowles, Simpson Warning: Deficit Committee Must Cut More Than $1.2 TrillionThe two co-chairmen of the National Commission on Fiscal Responsibility and Reform warned lawmakers on Tuesday that any deal to reduce the federal budget deficit by no more than $1.2 trillion would merely delay the nations fiscal problems.
November 01, 2011
New PIMCO Bond ETFs Focus on Low Debt, High YieldPIMCO is rolling out bond-index ETFs for Australia, Canada and Germany.
November 01, 2011
Data Suggests China May Ease Monetary PolicyChina saw its official purchasing managers' index drop to 50.4 in October from 51.2 in September, against expectations that it would gain ground instead. Beijing's National Bureau of Statistics said the fall was because of troubled U.S. and European economies. The index came in at its lowest level since February...