Economy & Markets
The important economic and stock market news that advisors need to know.
EU Hints Greek Bondholders May Get Stung With Sharper Losses
By Marlene Y. SatterThose institutions and investors holding large quantities of Greek bonds may be in for bigger losses than an originally agreed-upon deal provided for, according to hints from European finance ministers who met Monday to discuss Europes ongoing debt crisis.
October 03, 2011
Health Care Costs to Top $10,000 Per Worker for First Time in 2012Despite the fact that health care costs are projected to rise at a slower rate in 2012 than they did in 2011, according to Aon Hewitt, the per-employee expense to companies will pass $10,000 for the first time in 2012. Employee expenses are on the rise as well.
October 03, 2011
Roubini: Europe Needs 2 Trillion Euro ‘Bazooka’Economist Nouriel Roubini said Europe must increase the money it has raised to battle its debt crisis and deploy a 2 trillion euro ($2.7 trillion) bazooka before it is too late.
October 03, 2011
Eurozone Ministers Debate Stability PlanEurozone finance ministers gathered in Luxembourg on Monday to discuss ways to leverage the European Financial Stability Facility and also to put pressure on Greece to implement additional financial reforms to try to jumpstart its shrinking economy.
October 03, 2011
Buffett Jabs Wall St., Saying It ‘Doesn’t Feel Loved’Wall Street doesnt feel loved, Warren Buffett told Charlie Rose in an interview on Sept. 30. Buffett noted that some rhetoric from President Barack Obama led to a lack of support from Wall Street.
October 03, 2011
PIMCO’s Gross: ‘New Normal’ Best Case Scenario, Global Recession WorstIf anything, sovereign balance sheets resemble an overweight diabetic on the verge of a heart attack, Gross writes in his monthly commentary.
October 01, 2011
Use Country ETFs for Targeted Sector ExposureIn recent years, investors have used ETF sector funds to achieve enhanced return potential based on fundamental and technical factors.
October 01, 2011
Managing Wealth in a Post-9/11 WorldI cannot imagine how difficult it must be to be a financial advisor still clinging to the old axioms of wealth management in our post-9/11 world.