Economy & Markets
The important economic and stock market news that advisors need to know.
Is the Current Money System Due to Expire?
By Gil WeinreichIf history is a guide, our post-Bretton Woods system is likely to give way to a new one soon, and gold should rise a few more years, a bullion dealer says.
October 23, 2012
Greenspan to Wall Street: Drop DeadAt SIFMAs annual meeting in New York, former Fed chairman advocates letting big banks fail.
October 23, 2012
Faber Still Gloomy 25 Years After Black MondayMarc Faber came to fame by correctly predicting disaster, and hes still at it a quarter of a century later.
October 23, 2012
Wall Street drops as earnings, Spain’s debt spark fearsThe percentage of public companies missing analysts' revenue expectations has been high.
October 23, 2012
SIFMA’s Ryan Renews Dodd-Frank Support but Scoffs at Volcker RuleNo one can be happy with where reform stands, said Ryan on Tuesday at SIFMA's annual meeting in New York. Chairman Chet Helck spoke about the emotional side of the beleaguered finance industry.
October 23, 2012
DIAs: The ‘income later’ optionAs boomers near retirement, demand for deferred income annuities is set to grow.
October 23, 2012
DIAs: The ‘income later’ optionAs boomers near retirement, demand for deferred income annuities is set to grow.
October 23, 2012
Downgrades Drive Spanish Bond Yields HigherFive regions in Spain were hit by ratings downgrades by Moodys, sending yields higher and prices lower on Spanish bonds at a Tuesday sale. The Spanish economy also showed further contraction.