Economy & Markets
The important economic and stock market news that advisors need to know.
Greek Bailout Talks Halt as Tension Mounts
By Marlene Y. SatterThe Greeks and bailout officials also cannot agree on the amount by which Greece has failed to meet its targets, with Athens perhaps predictably citing a lower figure than the international representatives.
September 01, 2011
Bill Gross Seeks ETF GloryStar fund managers are hard to come by in the ETF market, but that’s about to change. The PIMCO Total Return ETF, managed by none other than Bill…
September 01, 2011
Does the Journey End Here?Today our economic woes grow more dismal by the day as if the ratings bomb dropped by S&P had more impact than al-Qaedas suicide planes. Why should a financial crisis be able to do to us what devastatingly effective terrorists could not?
September 01, 2011
Deferred LiabilityAmerican national debt held steady, in the $2-3 trillion range, for three decades until the early 1980s. It began to rise rapidly at that point, dipping briefly when it reached the $7 trillion mark in the late 1990s and then taking off in earnest after 2000.
September 01, 2011
Wall Street at WarA decade ago, the financial industry acquitted itself well in confronting a terrorist attack. Such resilience is needed more than ever in todays and future challenges.
September 01, 2011
Success: Iceland Exits IMF Recovery ProgramIceland on Wednesday showed nervous Europe investors along with the rest of the world that its possible to exit successfully from supervision by the International Monetary Fund.
September 01, 2011
SEC Proposal Fails to Fix Ratings Agencies: Sen. FrankenSen. Al Franken, D-Minn., and Barbara Roper, of the Consumer Federation of America, warned Thursday that the credit rating agency reform proposals put forth thus far by the SEC as part of Dodd-Frank are inadequate.
September 01, 2011
What Happened in August? Why 2008 Redux Did Not HappenRon Baron has a definitive answer for all those investors frightened by the stock-market gyrations of August: 'Summer 11 is not Fall 08.' He enumerates the differences between then and now, and explains why stocks today are a bargain.