Economy & Markets
The important economic and stock market news that advisors need to know.
Pru’s 2013 Predictions: Brighter Economy, but More Washington Brinksmanship
By James J. GreenPrudential brain trust sees economic progress in 2013, despite 2012 dichotomy and uncertainty; Krosby reiterates its riskier to be out of the market than in it.
January 09, 2013
Obama’s Treasury Secretary Pick Is Said to Be Jack LewNomination would signal White House intent to keep Treasury close to its sphere of influence.
January 08, 2013
Bob Doll’s Top 10 Predictions on Economy for 2013The typically bullish Doll predicts that the U.S. stock market will hit record highs even as the economy struggles.
January 08, 2013
Social Security’s Old Forecasting Method Hides New Time Bomb, Researchers SayTwo researchers argue that the Social Security Administration is using outdated methods to project longevity and therefore understates the systems shortfall by two years.
January 08, 2013
Krugman for Treasury Secretary? Draft Movement Under WayIn news destined to make conservatives revolt (or retch), a movement has been started to draft Paul Krugman for Treasury secretary.
January 07, 2013
PIMCO’s ‘New Normal’ Hasn’t HappenedThey didn't foresee policymakers from the Federal Reserve to the Peoples Bank of China pumping $6 trillion into the global economy.
January 07, 2013
U.S. Fiscal Policy and the Debt Ceiling: A Troubling ScenarioRaising the debt ceiling is neither inherently good nor bad, but in a slow-growth economy, can we continue to service our growing debt?
January 06, 2013
Why REITS Have Been on a TearDepressed prices, limited supply and a feverish quest for yield are just some of the factors that have propelled real estate to outperformance.