The Critical Election Question: Can We Spend Our Way Out of a Slump?
For some, government spending is just what the doctor ordered when an economy falls on hard times. But is the doctor a quack or a genius?
Sen. Schumer: ‘Scrap’ Simpson-Bowles in Fiscal Cliff Talks, Raise Top Tax Rates
Schumer says “old style” tax reform is now obsolete because there are two new conditions that exist today that didn’t exist when the Tax Reform Act of 1986 was passed: “a much larger, more dangerous deficit, and a dramatic increase in income inequality.”
What’s Jeff Gundlach Thinking?
Call him eccentric if you like, but you’d have to follow it with another accompanying superlative (Hint: It rhymes with “zenius”).
Romney or Obama? LPL and FSI Polls Disagree
As the presidential race heats up with Mitt Romney’s choice of Paul Ryan as his running mate, polls from FSI and LPL have reached vastly different conclusions about who will win.
Obama Proposes to Extend Bush Tax Cuts Excluding Top Earners
Plan would be for one year and exclude those families earning more than $250,000; GOP opposed, wants to extend cuts for all.
Clinton, Other Speakers Headline Insite
Insite 2012, Pershing’s 14th-annual conference, attracted more than 2,000 attendees, many of whom are broker-dealer home office personnel and BD reps who work through Pershing’s clearing business and use its technology.
Bill Clinton Seeks Obama Win (But He Likes George Bush, Too)
"I thought he was awesome," said one Pershing colleague to another at the close of Clinton’s keynote address at the BNY Mellon company’s annual conference in Hollywood, Fla.
The Next Congress
This year’s congressional elections hold considerable potential to reshuffle power on Capitol Hill.
Valliere at SSG: Economy Is ‘Healing’ but Watch Out for Iran
Chief political strategist at Potomac Research Group optimistic on economy and markets, but warns of fallout from possible Iran attack and of increased ‘paralysis’ in Congress after elections.
House Rejection of Senate Bill Leaves Payroll Tax Cut Uncertain
The House rejected, 229-193, on Tuesday the Senate bill to extend the payroll tax cut for two months as well as unemployment benefits. If Congress can’t break the logjam, 160 million Americans will pay higher taxes next year.