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Featured Advisor



Srbo Radisavljevic
Managing Principal/Investment Advisor

Edge Portfolio Management

City:Northbrook

State: IL



BIOGRAPHY:
At Edge, a low client to advisor ratio allows for personal and customized service for each individual.  Our goal is to work as a team for each client to provide not only portfolio management but wealth coordination and financial planning.  We make every effort to have frequent communication with our clients and to provide timely response to calls and emails.  I also enjoy spending time with my wife and three kids, following Chicago sports, enjoying ethnic cooking, and serving as a school board member for Norridge School District 80.

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News Analysis for May 17, 2011

Markets lower due to weak economic data

 

According to the Wall Street Journal the markets were down due to weak economic data and uncertainty in the Euro-zone.  The Dow closed down 47 points on Monday and Asian and European markets remain down on Tuesday.

U.S. hits the debt ceiling

Monday was the day the U.S. hit its $14.3 trillion debt ceiling.  According to the Associated Press, Treasury Secretary Geithner indicates that there are approximately 11 weeks for the Congress to agree to lift the debt ceiling or allow a deep economic crisis to occur.  The date for the cash to expire is August 2nd. 

NYSE to go to German company

The Nasdaq and Intercontinental/Exchange withdrew its $11 billion counter bid for the parent of the NYSE when the Department of Justice indicated it would bring a lawsuit to stop the merger, reports the Associated Press.  This clears the way for the deal with the German Company, Deutsche Borse to finalize its deal.  Because there is no longer the threat of a contender, shares dropped 12%.

HSBC increasing private banking and wealth management in Asia

Bloomberg reports that HSBC will be adding 2000 employees in China and Singapore in the next five years to begin targeting wealthy and middle class individuals in those countries.  It is reported that the combined middle classes of India and China will exceed the U.S. by 2025.

Portugal receives aid, Greece remains uncertain

Bloomberg also reports that the Eurozone leaders approved $110 billion of aid for Portugal and at the same time pressured Greece to deepen its spending cuts before seeking additional aid.  Apparently the IMF supports one third of the bailouts of Greece, Portugal and Ireland, yet the unsteadiness at the top is said to not concern the overall leadership group.  The Financial Timesindicates that Germany's Merkel strongly opposes any re negotiation of debt.

Congress once again fails to agree....

In the ongoing comedy of errors that has become the U.S. government, three trade treaties that were thought to have gained approval by both houses have been thrown seriously off-track.  Trade agreements with Columbia, Panama and South Korea which would boost U.S. exports had been agreed to when, according to the New York Times,the White House added a requirement that an additional $10 billion be spent to provide aid for any individuals in the U.S. who may lose their jobs due to the new agreements.  It is unlikely that the House Republicans will approve this additional spending.

Google raising bond money

The Financial Timesreports that Google is seeking to raise $3 billion in bonds to boost its cash reserves.  This is Google's initial foray into the bond market.  Many times corporations raise initial money that will allow greater borrowing in the future.  Additionally, competitors have been participating in merger and acquisition activities and Google may be contemplating similar actions.

BP filed suit against Haliburton and two other contractors for the Gulf oil spill.