Economy & Markets
The important economic and stock market news that advisors need to know.
Moody’s Cuts Portugal’s Rating, Saying Bailout Need Is Urgent
By Marlene Y. SatterDespite an auction result that bought time for Portugal as that nation seeks to avoid a bailout and resolve its debt issues independently, Moody’s Investors Service on Tuesday cut Portugal’s sovereign debt rating one more notch to Baa1.
April 04, 2011
Ryan to Unveil GOP Budget Plan: $4 Trillion Cut Over 10 YearsRep. Paul Ryan, R-Wisc., the new chairman of the House Budget Committee, announced over the weekend on Fox News Sunday that he would unveil a new Republican budget proposal that cuts over $4 trillion from government spending over the next 10 years
April 04, 2011
Zapatero’s Exit May Endanger Spain’s Fiscal FuturePrime Minister Jose Luis Rodriguez Zapatero of Spain has thrown a wild card into his country’s financial future even as he announced his withdrawal from next year’s election.
April 04, 2011
Portugal Might Seek Loan, Not Bailout; Bond Auction Bought TimeContrary to reports over the weekend, a spokesman for Pedro Passos Coelho, leader of Portugal’s opposition Social Democrats, said that Passos Coelho had not indicated support for a bailout.
April 03, 2011
Don’t Check Common Sense at the DoorAs markets and products gain in popularity, the frothier and risker they become.
April 03, 2011
Value to Trump Growth Over Next Five Years, Says ExpertEric Nelson of Equius Partners expects his “all value,” passively managed portfolio to outpace other popular approaches
April 03, 2011
Interest Rates, Bernanke Speaks and Govt. Shutdown Looms—Advisor Briefing for the Week of April 4, 2011This week brings release of the March FOMC minutes and interest rate decisions by Japan, the ECB and the Bank of England.
April 01, 2011
Asset Allocation: April 2011If oil prices don’t go above $150 per barrel, it could be a good year, with mid- to high-single-digit growth in the S&P.