Economy & Markets
The important economic and stock market news that advisors need to know.
Obama Refuses to Negotiate ‘Under the Threat of Economic Catastrophe’
By Melanie WaddellSome independent analysts say that the real debt limit deadline is Nov. 1, when the Treasury is scheduled to make nearly $60 billion in payments.
October 04, 2013
Goolsbee: 3 Things That Will Save U.S. Economy (and 3 That Won’t)The 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
Kenya Investment Lure Won’t Be Stifled by Mall ShootingsNatural resources, a high literacy rate and solidarity will push the country forward.
October 03, 2013
Twitter Reveals IPO Plans, Hopes to Raise $1BThe company is also disclosing that it generated $317 million in revenue in 2012 and that it has more than 215 million active users.
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.