Economy & Markets
The important economic and stock market news that advisors need to know.
Growth in French Economy Grinds to a Halt in Q2
By Marlene Y. SatterDespite the fact that economists had expected growth of 0.3% in the French economy in Q2, consumers cut back and there was no growth at all for the period.
August 11, 2011
What We Own and Why: The Fixed Income PortfolioA respite from recent stock selling pressure has given me the opportunity to discuss our fixed income holdings. Combining bonds with stocks is a sensible way to add diversification to client holdings.
August 11, 2011
Bill Gross’ Bet Pays Off as PIMCO Profits From Black SwansStaying true to PIMCOs CIO Bill Gross new normal forecast, PIMCOs hedged bets are paying off.
August 11, 2011
With Pelosi Picks, Deficit Panel Now CompleteBringing the number to 12, House Democratic Leader Nancy Pelosi announced Thursday her picks for the Joint Select Committee on Deficit Reduction.
August 11, 2011
6 Sectors Hit by Downgrade: S&P Analysis—SlideshowMaybe you heard? Our partners at Standard and Poors caused a bit of a stir by downgrading U.S. debt from AAA to AA+. Though theyre quick to note the equity research team is separate and distinct from the ratings arm, we went to the source for their view on the...
August 11, 2011
French Banks Fall Again on Debt FearsAfter a day of pummeling on the markets on Wednesday, French bank stocks led world markets lower once again on Thursday as investors fearing contagion in the euro zone turned their attention to Paris.
August 11, 2011
Doomsayer Jeremy Grantham: ‘7 Lean Years’ Too OptimisticDecrying Republican blackmailers and President No-Show, mega-investor Jeremy Grantham says our debt-ceiling performance makes the U.S. look like a banana republic.
August 11, 2011
More Thoughts on the Eurozone SelloffA few more thoughts on yesterday afternoons blog that noted Wednesdays selloff was Eurocentric can be found in an excellent article in the New York Times.