'Sovereign balance sheets resemble an overweight diabetic on the verge of a heart attack,' Pimco manager says
Battered in the past week, with $7B yanked from equity funds; history on investors' side
President wants to make sure wealthy don't pay lower rate than middle-income earners
Powershares fund out-running 500 Index fund; training his sights on bonds next
Citibank claims the Federal Reserve's reckoning of the muni market doesn't include $700B in bonds bought directly by individual investors. Why is this important? A), it underscores the lack of credible info about tax-exempt debt. And B), as one muni bond manager put it, 'Armageddon is not right around the corner.'
Ninth straight quarter of negative outflows
Redemptions at American Funds is on the rise -- for the fourth straight year. And in August, its standard-bearer Growth Fund of America finally lost its place as the largest mutual fund in the U.S. To stem the tide, the fund firm is actively reaching out to advisers. | <b>Extra</b> <a href=http://www.investmentnews.com/apps/pbcs.dll/gallery?Avis=CI&Dato=20110927&Kategori=FREE&Lopenr=927009999&Ref=PH>The fund firms advisers are most loyal to</a>
Average net worth of white households at $113K; number closer to $6K for black households
Agency to begin collecting data on municipal bonds from MSRB; has authority to nix tax break
