Economy & Markets
The important economic and stock market news that advisors need to know.
PIMCO’s El-Erian: Listen to Occupy Wall Street
By Marlene Y. SatterAlthough some think that the movement will simply dissipate without effect, El-Erian said that instead it was part of a worldwide drive for greater social justice.
October 10, 2011
Does China Currency Manipulation Hurt Us or Them?: News AnalysisAs the largest foreign holder of U.S. government debt, China has made a killing on its portfolio of U.S. bonds, but it could have done a lot better if its broker had not manipulated the exchange rate on its transactions.
October 10, 2011
PIMCO: For ‘Cheap’ Emerging-Market Equities, Look to ChinaIf youre looking for a bright spot in a sea of investing malaise, emerging-market equities are undervalued and offer opportunity, according to Pacific Investment Management Co.
October 10, 2011
Sarkozy, Merkel: Plan Soon to Recapitalize BanksAfter a weekend meeting between French President Nicolas Sarkozy and German Chancellor Angela Merkel, the two emerged with the announcement that they would proceed with devising a plan this month to recapitalize banks in the euro zone
October 10, 2011
Belgium Nationalizes Part of Troubled Bank DexiaBelgian-French bank Dexia is splitting up after the Belgian government announced Monday that it would buy the local consumer lending unit of the company, leaving its Luxembourg unit and French municipal lending division, among other assets, to be sold off to raise capital for a so-called bad bank.
October 10, 2011
Top Portfolio Products: BlackRock Launches 3 Funds; New Putnam Fund Seeks Total ReturnNew products introduced over the last week include three alternative investment funds from BlackRock, a new dynamic allocation fund from Putnam, and two Credit Suisse funds reorganized into Aberdeen funds.
October 09, 2011
The Perils of Exchange Traded FundsDespite their retail-friendly image today, ETFs were originally designed as a product for professional fund managers and institutional investors, and their involvement is still high.
October 07, 2011
PIMCO’s Gross: Job Gains Not Enough for GrowthPacific Investment Management Co.s Bill Gross said job gains in September arent enough to sustain growth in the U.S. economy. He also said it appears neither political party understands whats needed to fix chronically high unemployment.