Economy & Markets
The important economic and stock market news that advisors need to know.
Keynes’ Theory Turns 75 as Debate on Government Spending Rages On
By Gil WeinreichNobel-prize winning economist and New York Times columnist Paul Krugman addressed the plenary session of the conference, held at Keynes’ alma mater, Cambridge University, this week.
June 21, 2011
S&P 500 Stocks Cheapest in 26 YearsFor the second time since the bull market began, profits are surging and stocks are falling, Bloomberg reported Monday.
June 21, 2011
PIMCO's Bill Gross Blasts Job Creation, College EducationIn an unusual mid-month commentary, the PIMCO chairman said the government must re-think how it approaches job creation, and said that a college education was a waste of money.
June 21, 2011
Gold Gains as Greece Courts DefaultAs doubt swirled around Greece and its ability to avoid default, skittish investors returned to the traditional safe haven of gold, driving its price higher after several weeks in the doldrums.
June 21, 2011
Fitch Threatens Greek Downgrade if Bond Rollover OccursAs Greece faces an unpopular vote on Tuesday over even more unpopular austerity measures, Fitch Ratings kept up the pressure by saying that it would regard a voluntary rollover of bond maturities as a default and cut the country's credit rating accordingly.
June 20, 2011
iShares Rolls Out Floating-Rate Note Fund; UBS Adds to Energy ETN GroupOther new investment products are launched by Neuberger Berman, Aperio, Aequam and Highland
June 20, 2011
How to Position Clients in CommoditiesIn today's choppy environment, advisors suggest using mutual funds, ETFs and managed futures for some clients
June 20, 2011
Consumer Confidence Out of Sync with U.S. Stock GainsBloomberg Consumer Comfort Index diverges from Dow for the first time in 20 years.