Economy & Markets
The important economic and stock market news that advisors need to know.
‘Worn-Out’ Advisors’ Confidence Drops Again, Survey Finds
By Janet LevauxFinancial advisors say their near- and short-term views on the economy and stock markets are negative.
September 26, 2011
Senate Approves Deal on Spending, Averts ShutdownEnding weeks of political brinkmanship, Congress finessed a dispute over disaster aid Monday night and advanced legislation to avoid a partial government shutdown only days away.
September 26, 2011
Senate Nears Spending Bill Vote; Shutdown Still LoomsThe Senate is poised to vote late Monday afternoon on a government spending bill before the governments fiscal year ends on Sept. 30, but with the House on recess, a government shutdown looms.
September 26, 2011
Roubini: Global Financial Crisis Has ‘High Likelihood’ of HappeningEconomist Nouriel Roubini said that worries last week that the world is in for another financial crisis were based on indicators that such a crisis was on its way.
September 26, 2011
PIMCO’s El-Erian: Europe Headed for RecessionMohamed El-Erian, CEO and co-CIO of PIMCO, said that Europe is headed for recession next year and the regions economy will shrink by 1-2%. The U.S., he added, will stagnate.
September 23, 2011
Why Wall Street’s Selloffs Have Been, and Will Continue to Be, Brutal: News AnalysisThe stock market is like a theater where traders, portfolio managers and individual investors act out the sentiments felt in the broader economy.
September 23, 2011
JPMorgan: Recession Unlikely, So Take Advantage of Extreme ValuationsIn a critique of the Fed's Operation Twist announcement, JPMorgan market strategist David Kelly said it was a failure because the markets have reached the point where they must self-correct.
September 23, 2011
Greek Default Looms; Markets Hold SteadyMarkets around the world steadied on Friday in Europe, despite rumors of an imminent Greek default.