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Editor's Choice for the Week of March 29, 2010: Market Moving News for This Week--Hearing From Constituents and Waiting for Jobs Report

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The President’s signature hasn’t ended the debate on healthcare reform legislation, as members of Congress may well find as they begin the first of their two-week Easter recess this week (the Senate comes back April 12; the House on April 14).

As for financial services reform embodied in the Dodd bill in the Senate, following last week’s Banking Committee approval of the legislation, the debate moves into the public forum now before it makes it to the Senate floor. Paul Krugman in The New York Times weighs in on the issue in the first of a promised series of columns on March 29, while closer to home, IA Editor-in-Chief Bob Clark blogs about the response of the Coalition for Financial Planning to a previous posting of his on the fiduciary standard and expectations–and designations–for advice givers.

We also report on Treasury Secretary Tim Geithner’s expectations for reform in a recent speech at the American Enterprise Institute.

The major economic news this week starts with the Commerce Dept’s personal income and spending report (income was flat; spending was up 0.3%) for February on Monday, March 29, followed on March 30 by the S&P/Case-Shiller home price index, along with the Conference Board’s consumer confidence index, and State Street’s investor confidence report on the same day.

On April 1, reports are released on car sales for February, along with new construction spending. On April 2, Good Friday, while the stock markets are closed, the bond market and the banks are open; the February jobs report will be released that morning.


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