Capitalism, the free market no longer at work; making sense of the 'new normal' nearly impossible
Pacific Investment Management Co.'s Bill Gross said the Federal Reserve is unlikely to raise interest rates for two to three years as it seeks to keep the economy from slipping back into recession.
The call for this week: According to my friends at Bespoke Investment Group, "The first half of the year came to an ugly end this week. The S&P 500 is down more than 8% over the last ten trading days, with down days 9 out of 10 times."
In the markets, you must be flexible. As the old sailor's axiom states – you can't change the direction of the wind, but you can adjust the sails.
Barton Biggs, the hedge fund manager who sold half his equity holdings at the start of July, said today that signs the U.S. economy will avoid a recession spurred him to build the stakes back up.
The dollar touched a level below 86 yen for the first time this year and headed for a third straight monthly loss as a government report showed U.S. economic growth slowed in the second quarter.
Women control about 27% of the world's wealth — roughly $20 trillion — but many feel that their advisers patronize them. What's more, many contend that they don't get the same “square deal” as men.
TD Ameritrade Institutional reported today that it has attracted more breakaway advisers to the firm during the first nine months of its current fiscal year than it did in all of fiscal 2009.
The Financial Industry Regulatory Authority Inc. could oversee registered investment advisers through a separate governance structure, according to Richard Brueckner, a longtime member of the self-regulatory organization's board.
Few historians, market participants or former regulators say they expect the current financial reform bill to put an end to financial crises
