Economy & Markets
The important economic and stock market news that advisors need to know.
EU to Consider Caps on Banker Bonuses
By Marlene Y. SatterBritains Finance Minister George Osborne, who has been outspoken in his efforts to preserve the Londons financial primacy in Europe, is expected to oppose the measure and has already said he would fight any bonus caps proposed by Brussels.
November 09, 2012
Obama on Fiscal Cliff: ‘I’ll Compromise,’ but Not on Taxing Top EarnersAddressing the looming fiscal cliff, President Obama said Friday that while hes not wedded to every detail of the plan he put forward previously to reduce the deficit, he will not compromise when it comes to making sure the top earners pay their fair share.
November 09, 2012
Friedman Sees Fiscal Cliff Colliding With Obama’s LegacyPolitical analyst Andy Friedman explains in his latest commentary that in the long term, the presidents legacy will ride on his ability to bring down the deficit.
November 09, 2012
Playing the Post-Election Market SlumpThe current 3.5% slump in equity prices since the election has created a raft of uncertainty about the future direction of the market.
November 09, 2012
Fidelity Reports Highest-Ever Average 401(k) BalancesGood news from Fidelity Investments on the subject of retirement planning.
November 09, 2012
Schwab’s Sonders: Election Gives ‘No Clarity’ on Fiscal Cliff; Townsend on Dodd-FrankIf Congress and Obama dont show they can play nicely in the same sandbox, consumer confidence would suffer and there would be a real risk of a modest recession, Schwabs chief investment strategist says, though she still sees some silver linings post-election.
November 08, 2012
Merrill Lynch Warns of Post-Election Double WhammyMerrill Lynch Wealth Management recommends three talking points for financial advisors to keep in mind when talking with their clients.
November 08, 2012
These Economic Gurus Are Hopping Mad Over Obama’s VictoryMarc Faber, Peter Schiff and Charles Biderman slam Obama, while Nouriel Roubini lauds "a major defeat of Tea Party freaks."