Economy & Markets
The important economic and stock market news that advisors need to know.
The Long and Winding Road
By Marlene Y. SatterNatural disasters are growing more frequent and severe, their collective losses taking an ever greater toll on insurers and reinsurers$23.5 billion from tornadoes and other severe weather in the United States in the first half of 2011 alone, according to Munich Re.
September 30, 2011
Finding Value in a Loser’s GameAs John Kenneth Galbraith famously pointed out, we have two classes of forecasters: those who dont know and those who dont know they dont know.
September 30, 2011
Can Fed’s Operation Twist Reverse Sliding Economy?The Fed most recently said it would shift around $400 billion from short-term debt into longer-term U.S. Treasuries with maturities as short as six years to as long as 30 years. But will it work?
September 30, 2011
PIMCO: Bearish Outlook for Global EconomyIn its latest quarterly outlook, PIMCO evaluated the possibilities for the global economy and financial markets with a decidedly bearish tone.
September 30, 2011
Soros Lists ‘3 Bold Steps’ for Avoiding Global DepressionBlame it on the policymakers, said billionaire George Soros in an opinion essay that favors letting Greece default.
September 30, 2011
Millionaires’ Confidence in U.S. Economy Falls AgainThe Spectrem Millionaire Investor Confidence Index sank for a fourth consecutive month in September.
September 30, 2011
Greece May Swap Century Bonds for Short-Term DebtGreece is considering the possibility of exchanging century bonds for outstanding short-term debt, with the idea that deferring payback for 100 years might be a popular option among investors and avoid Athens having to resort to default.
September 29, 2011
The Courage to InvestThe very first Borders in Ann Arbor, Mich., was officially closed at press time, and further closures of the bankrupt chain are gaining pace. It seems…