Economy & Markets
The important economic and stock market news that advisors need to know.
Moody’s Warns Italy Over Debt as Eurozone Contagion Fears Spread
By Gil WeinreichMoody’s expressed concern about what rising interest rates might do to an Italian economy that is struggling to recover from recession and burdened by heavy debt.
June 20, 2011
EU Delays Deal on Greek BailoutA meeting of eurozone ministers broke up early Monday with a decision to delay delivering any funds of the rescue package for Greece. The ministers have decided to await the result of a contentious vote in Athens' Parliament on Tuesday night, the outcome of which is by no means assured.
June 19, 2011
REITs for an Uncertain EnvironmentThe financial markets are focusing on the implications of a possible Greek default and the prospect of slower economic growth. Given that less-than-positive…
June 19, 2011
Three REITs for an Uncertain Environment: Portfolio FixSome REITs should be able to maintain historical average dividend growth of 5%
June 19, 2011
Greece’s Papandreou: ‘Catastrophic’ Default if Austerity Plan Is RejectedIn the midst of demonstrations by Greek citizens and defections by members of his party, George Papandreou, the prime minister of Greece, addressed Parliament on Sunday to appeal for approval of strict austerity measures that are deeply unpopular with politicians and people alike.
June 19, 2011
PIMCO's El Erian: EU Fumbling Greek Debt CrisisMohammed El-Erian, head of PIMCO, the largest bond fund in the world, said in a Sunday interview that the European Union (EU) must change its approach to the Greek debt crisis or risk spending billions for nothing.
June 17, 2011
Closed-End Fund Investors Still Wanted Fixed Income in MayEquity closed-end fund discounts remained stable during the month, while those of fixed income CEFs narrowed.
June 17, 2011
IMF Cuts U.S. Growth Estimate, Compares Debt Woes With GreeceIn its bimonthly World Economic Outlook, the IMF revised downward its estimate of U.S. GDP for 2011, and IMF official Jose Vinals said America's debt problems were on par with Greece, Ireland and Japan.