Economy & Markets
The important economic and stock market news that advisors need to know.
NCPERS Head Cries Foul Over Pew Pension Survey
By John SullivanOrganization calls the reports findings about the health of municipal pension plans distorted and outdated.
January 16, 2013
IRS Says 44% Cut in Tax Rates OK With UsIf Congress were to eliminate all tax expenditures, it could cut individual income tax rates by about 44% and still generate about the same amount of revenue, the IRS' taxpayer advocate said in a report that went mostly unnoticed.
January 15, 2013
Germany’s economic growth slows sharply in 2012Europe's strongest economy is not immune to its neighbors' economic troubles.
January 15, 2013
El-Erian: Game Theory Predicts More Can-Kicking in WashingtonIn a provocative op-ed, Mohamed El-Erian explains the current fiscal stalemate in Washington using insights from game theory, which shows how two parties, acting rationally, can produce a result that is bad for both of them.
January 14, 2013
Obama: GOP Holds Nation Hostage on Debt CeilingPresident Obama dispelled any doubt Monday as to whether the fiscal fight over government spending is going to be bare-knuckled.
January 11, 2013
Geithner began with ‘smoldering’ economy; what does he leave?What will the history books say about Treasury Secretary Tim Geithner?
January 11, 2013
Olivia Mitchell: Saving Social Security, With Lessons From Down UnderThe Wharton professor offers a unique policy proposal, inspired by programs overseas, that would strengthen Social Security without raising costs or cutting benefits.
January 11, 2013
PIMCO’s El-Erian: How Would Market React to Trillion-Dollar Coin?A once-laughable idea continues to gain traction.