Economy & Markets
The important economic and stock market news that advisors need to know.
U.S. Poverty Nearing Highest Rate Since 1965
By John SullivanAhead of Census figures, analysts estimate that one in six people were poor in 2011, and they don't see the numbers improving soon.
July 24, 2012
Moody’s Cuts Outlook on Germany, Luxembourg, NetherlandsGermany, the Netherlands and Luxembourg saw their outlooks downgraded to negative by Moodys Investors Service late Monday as debt woes in the eurozone continued to worsen.
July 23, 2012
European Crisis Biggest Factor When Advising Clients: SurveysAdvisors polled in recent studies by kasina and OppenheimerFunds agreed that the debt crisis in Europe is having the biggest impact on the advice they give to clients.
July 23, 2012
Patton’s Fund Picks, Pt. 2: Foreign Stock FundsIn the second of a series of blogs, advisor Mike Patton shares his top picks in foreign stock funds, in both developed and emerging markets, with a reminder on the role of currency.
July 23, 2012
Biggest Group of Losers in Dividend Tax Hike? The Middle Class: ReportA plan to raise the dividend tax rate will have negative consequences for the middle class, according to a new study from Ernst & Young.
July 23, 2012
Congress Prods N.Y. Fed for More LIBOR InfoThe House Financial Services Oversight and Investigations Subcommittee told the New York Fed on Monday that it wants more information about the the handling of banks alleged manipulation and suppression of LIBOR.
July 23, 2012
Roubini: 5 Reasons Growth Will Slow in Second HalfUsing phrases like fairy tale and pie in the sky, Dr. Doom doesnt like what he sees.
July 23, 2012
Greek Exit Fears Loom AgainDepending on the result of the review to be conducted this week by the troika, Greece could end up being ridden right out of the eurozone.