Arnott's Firm: U.S. GDP Estimates Way Off: 1% Growth Is New Normal
Unless the U.S. makes politically difficult changes in immigration, employment and investment policies, Americans should expect a long-term “new normal” rate of growth of just 1%, says investment management firm Research Affiliates.
Ahead of Election, U.S. Added 171,000 Jobs in October
Just four days before the presidential election, the BLS October jobs report showed unemployment notched up to 7.9% as employers added 171,000 jobs.
Principles vs. Rules: The Fiduciary Debate in a Nutshell
At TD Ameritrade conference, CFA's Roper, IAA's Tittsworth and SIFMA's Carroll agree, disagree and look ahead at fiduciary standard, SRO for RIAs.
9 Crucial Eras in U.S. Income Tax History
Listen to Obama and Romney debate tax policy today and you'll hear echoes of the past, all the way back to the Civil War.
8 Presidents, 1 Nominee and Tax Rates They Paid
The controversy over Mitt Romney’s limited disclosure of his tax history and the 14.1% tax rate he paid led AdvisorOne to compare his rate to eight presidents going back to 1970.
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.”
For Advisors and Their Clients, Does It Matter Who’s President?
A look back at the last five presidents and their policies' effects on advisors and their clients, with implications for Obama-Romney.
DoubleLine’s Gundlach Contradicts Bill Gross, Says Inflation Unlikely
On a Web seminar, a whirlwind trip around the globe to where the star fixed-income manager sees problems and potential.
BlackRock’s Fink: U.S. Politicians ‘Snoring Away’ on Europe, Economy
Fink says no full recovery in United States until 2014; adds that the resignation of Barclay’s Diamond is “sad for me.”
At ASPPA 401(k) Summit, Matalin & Carville Offer Jokes, Jabs
With annual GDP of less than 3%, President Obama is "a weak incumbent, but he’s going to win,” Carville said. “Romney is an even weaker frontrunner."