Economy & Markets
The important economic and stock market news that advisors need to know.
Economic crisis looming, Fed says (Politico)
By Staff WriterFed officials showed concern about what could happen to the struggling economy if Congress fails to avert tax hikes and across-the-board spending cuts that kick in at the end of the year, according to the minutes from their June meeting.
July 11, 2012
SEC Approves National Market System to Better Track TradesIf it were not for the Dodd-Frank rulemaking frenzy that has dominated the SECs agenda for the last two years, a commissioner said, it would be abundantly clear that this rulemaking is a game changer.
July 11, 2012
Italy May Ask for AidProof that the eurozone debt crisis is far from over came as Prime Minister Mario Monti of Italy said he might look for financial help from the rescue fund to shore up the countrys bonds.
July 11, 2012
5 of History’s Brazen Crooks Who Defrauded MarketsRemember Ken Lay? Probably. Remember Alves dos Reis? Probably not, but he nearly bankrupted a country in 1925.
July 10, 2012
10 Rational Reasons to Like Stocks: The Reformed BrokerForget Roubini, forget Gross, forget all the economic headwindsstocks are still the place to be, says Josh Brown of Fusion Analytics, better known as The Reformed Broker.
July 10, 2012
Dodd-Frank Should Not Be Repealed: House Hearing ConsensusWhile they had many complaints about the Dodd-Frank Act, all of the financial services representatives testifying at a House Financial Services hearing stopped short of saying the law needs to be repealed.
July 10, 2012
The recession’s unexpected gift: Reviving multigenerational living (Daily Finance)The percentage of middle-aged adults living with their parents has been growing steadily in the United States since the 1970s.
July 10, 2012
Spain Gets Extra Year to Cut DebtSpain will be given an extra year to get its deficit reduction under control, but markets were not impressed with the action.