Economy & Markets
The important economic and stock market news that advisors need to know.
Balanced Funds Performance ‘Statistically Equivalent’ During Recessions, Expansions: Vanguard
By Danielle AndrusAverage returns for funds with an equal mix of stock and bond allocations have historically been 'statistically equivalent' during recessions and expansions, according to Vanguard. Vanguard studied balanced funds historical performance from 1926 through June 2009.
October 07, 2011
Bipolar Jobs Report: Exceeds Expectations but Still DisappointsThe Labor Departments report of a 103,000 rise in payroll jobs in September exceeded analysts expectations, but increase is too tepid to sway high unemployment rate of 9.1%
October 07, 2011
Moody's Downgrades British BanksMoody's on Friday downgraded a dozen U.K. banks, including Lloyds TSB Bank, a unit of Lloyds Banking Group, and Royal Bank of Scotland, saying that there was increasing likelihood that smaller banks would be allowed to fail if troubles worsened.
October 07, 2011
Merkel, Sarkozy Battle Over Greek DefaultFrance and Germany have different ideas about how to help Greece. How the battle ends will have a major impact on the eurozone's future.
October 06, 2011
Bank of England Boosts QEFor the first time in nearly two years, the Bank of England increased its bond-buying program on Thursday, boosting the ceiling to 275 billion pounds ($421 billion) from 200 billion pounds as it said that slow growth worldwide and European unrest 'threaten the U.K. recovery.'
October 06, 2011
Coordinate EU Bank Recapitalization: BarrosoRegulators from the European Union were presented with a proposal to coordinate recapitalization of its banks at the second day of meetings on Thursday, as they considered ways to reassure investors who have been fleeing the banking sector.
October 06, 2011
Wall Street Potent Target in Presidential CampaignAmericans, and now presidential candidates, are losing faith in Wall Street.
October 06, 2011
Economic Data Mixed Ahead of Friday Jobs ReportMixed signals from recent economic data suggest that the U.S. Labor Department jobs report for September will be a nail-biter.