Close Close
Sign In
Newsletters
Popular Financial Topics Discover relevant content from across the suite of ALM legal publications From the Industry More content from ThinkAdvisor and select sponsors Investment Advisor Issue Gallery Read digital editions of Investment Advisor Magazine Tax Facts Get clear, current, and reliable answers to pressing tax questions
Luminaries Awards
Podcast Center Video Center Webcasts Resource Center Events
About ThinkAdvisor Contact Us Advertise With Us Asset & Logo Licensing Sitemap Terms of Service Privacy Policy Copyright © 2024 ALM Global, LLC. All Rights Reserved.
ThinkAdvisor

Financial Planning > Behavioral Finance

Editor's Choice for the Week of August 3, 2009

By James J. Green

X
Your article was successfully shared with the contacts you provided.

Last week there were multiple signs of hope for the economy, notably strength in the Case/Shiller home price index while second-quarter GDP’s contraction narrowed. Among the major reports this week are car sales on August 3 (clunkers, anyone?), personal income and spending on August 4, and the July jobless rate on August 7; the consensus is that unemployment will increase from 9.5% to 9.7%.

A host of major companies reports second quarter earnings this week; promising results reported already from Barclays and HSBC are helping to propel overseas markets on August 3.

Other major announcers are Principal Financial on August 4, Freddie Mac and Prudential Financial on August 5, ManuLife and Sun Life Financial on August 6, and Allianz and Fannie Mae–and Berkshire Hathaway–on August 7.

In Washington, the House has set off on the Congressional August recess, where much will be made of pending healthcare reform. The Senate remains in session this week, and the Banking, Housing, and Urban Affairs Committee will hold hearings August 4 on strengthening bank supervision, hosting Sheila Bair of the FDIC and John Dugan, comptroller of the currency, among others (Committee Chairman Christopher Dodd announced July 31 that he is suffering from prostate cancer). On that same day, the Senate Finance Committee will meet to discuss climate change regulation, while on Wednesday, August 5, the Senate Banking, Housing, and Urban Affairrs Committee will hold hearings on the credit rating agencies.

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.