Economy & Markets
The important economic and stock market news that advisors need to know.
Goolsbee: 3 Things That Will Save U.S. Economy (and 3 That Won’t)
By James J. GreenThe characteristics that will save the U.S. from Washington's "craziness" have been here all along, former Obama aide Austan Goolsbee says.
October 03, 2013
PIMCO’s Gross: Look Out for Low Rates Till 2035Even after QE ends, Bill Gross says, low interest rates will persist for decades since the economy is too weak to handle higher yields.
October 03, 2013
Vanguard’s Davis: Persistent Level of U.S. Debt ‘Biggest Issue of Our Lifetime’Vanguards chief economist says that U.S. must tackle the spending/revenue imbalance, but also that were near a third industrial revolution.
October 03, 2013
Treasury Warns Debt Default Could Trigger 2008-Style CrisisTreasury warned on the third day of the federal government shutdown that a default could shake the financial system to its core.
October 03, 2013
PIMCO’s Hodge: Default on U.S. Debt Is ‘Unthinkable’The Morningstar event serves as a bellwether for market participants worries about politicking in Washington over the shutdown and the debt ceiling deadline.
October 02, 2013
Government Shutdown Threatens Growing U.S. WealthU.S. households are getting wealthier and earning more, but the government shutdown could put those gains in jeopardy.
October 02, 2013
Exercise as effective as drugs for treating heart disease, diabetesExercise might not be more effective than drug-based therapy, but it probably costs less.
October 02, 2013
Valliere Sees ‘Worst-Case Scenario’ in Debt Ceiling FightA worst-case scenario is becoming more likely as both sides of Congress have hardened their positions, says political strategist Greg Valliere.