The FT reports today that “overseas investors bought up Japanese equities at the fastest pace in three years in January as global asset managers rebalanced portfolios towards the country’s equity market from underweight positions.” ...
At last week’s TD Ameritrade Institutional’s national conference last week, there was much discussion about China. Is China’s growing economic might good for the U.S.? For the world? Is China, given its despotic government, something to fear? Can...
Bank of America Merrill Lynch has stated that it will hire 2,000 more brokers to its global wealth management division during next year, says Aite Group, a financial services consultancy. We've written extensively on this subject. ...
I have never understood the concept of the fiscal multiplier effect, wherein the government takes money out of the private economy and then disperses to fund, say, fixing roads and other infrastructure projects. Advocates say that is "creates jobs...
By a 4 to 1 vote, the SEC today "reformed" money market funds --- to make them safer for you and me. But, thanks to Chairwoman Mary Schapiro, if your clients' money market funds are threatening to break the buck (as happened last year during the...
Yeah, we now, if it weren't for the pork-laden $787 billion stimulus package, why, we would be in a depression. We can argue over the "fiscal (er, federal pork) multiplier effect" on the economy until we are blue in the face. (I still don't get...