Economic Forecasters, the Bears: Gross, Roubini, Rodriguez & More—a Slide Show
It's the Bears vs. the Bulls, but this playing field is economic prognostication. AdvisorOne presents a slide show of some of the noted pessimists and optimists. First up, da Bears.
House Republican Leader Boehner Would Vote for Obama's Tax Cut
House Republican leader John Boehner of Ohio said on Sunday, September 12, that he was open to voting for President Barack Obama's plan to maintain the lower tax rates for couples earning less than $250,000, but letting them expire for those earning more.
GDP Revised Sharply Downward in Q2; Consumer Sentiment a Bit Higher
A revised estimate of second-quarter GDP on Friday, August 27, showed that the economy grew at 1.6% annual pace, down sharply from the government's first estimate of 2.4%.
Fed Official Says 'Too Big to Fail' Threatens Community Banks
Thomas Hoenig, president of the Kansas City Federal Reserve Bank, that the long-term health of community banks is being strangled by the market's, and the government's, policy of "too big to fail" toward big banks.
Stocks, Munis Have Best 'Real' Returns Over Long-Term, Thornburg Study Finds
Common stocks and municipal bonds have had the highest long-term "real" returns for taxable accounts over the last 30 years, according to an annual study by Thornburg Investment Management (Thornburg) released Monday, August 23.
CPI Rose in July; Retail Sales Slightly Higher
The Consumer Price Index (CPI) rose in July, though inflation was still tame, and retail sales nudged higher but were disappointing behind the headline number.
Economic Growth Slowed to 2.4% in Q2, but Michigan/Reuters Index Rose in July
The economy grew at a 2.4% pace in the second quarter, the Commerce Department reported Friday, July 30, a little less than economists had predicted and slower than the upwardly revised 3.7% rate for the GDP in the first quarter.
The Hartford Names Ritchey to Run Retirement Plans
The Hartford Financial Services Group on Tuesday, July 27, announced that Sharon Ritchey had been named executive vice president of retirement plans.
Hartford Investment Management Hires Manager From Neuberger Berman
Hartford Investment Management Co. announced Wednesday, July 7, the hiring of Ray Humphrey as senior vice president and senior portfolio manager with the company's Inflation Plus Fund and U.S. Government Securities HLS Fund.
American Beacon Hosts Its First Annual Investment Forum
American Beacon Advisors showed off its broad range of funding strategies and sub-advisors, and held a lively panel discussion on investment opportunities at its Oversight 360? First Annual Investment Forum on June 16, in New York.