Economy & Markets
The important economic and stock market news that advisors need to know.
Spain in Mind as Eurozone Brings ESM Online
By Marlene Y. SatterThe European Stability Mechanism, the permanent rescue fund of the eurozone, goes into operation on Monday in anticipation of Spains potential need for a bailout.
October 05, 2012
Changes to Come at World Bank, Chief SaysHe said that he wants the World Bank to lessen its emphasis on approving loans for development and concentrate more on getting results that make a difference.
October 05, 2012
Food Prices Likely to Stay HigherThe effects of droughts in the U.S. and Russia that have driven food prices higher are likely to last for the next six months, according to the U.N., and the global food market will be in short supply mode.
October 05, 2012
Shopping Slump Plagues Golden Week in Hong KongHong Kong felt the brunt of downward pressure from a slowdown in luxury purchases by Chinese tourists, as the annual Golden Week holiday saw wallets closing rather than opening.
October 05, 2012
NAPFA Illustrates Dire State of Americans’ FinancesThe trade group introduced an infographic to depict the dire state of personal finance in the United States in 2012 and the important role financial planning can have in reversing the negative trends.
October 05, 2012
Ex-CIA Official Sees ‘Supersonic Boom’ in Global Growth: RIIA ConfabEx-intelligence official Herb Meyer predicted a supersonic boom in the world economy in coming decades, resulting from heightened consumer demand from a global middle class including potentially billions of people recently emerged from poverty.
October 05, 2012
Inflation Boogeyman Will Strike Suddenly—Be Prepared: Merk, GoolgasianSomeday, in the possibly near future, you will suddenly be paying $10 for a gallon of milk and wondering how it happened so fast.
October 04, 2012
The tales of 9 stocks that doubledThe third quarter was good to large-cap stocks and even better for nine relatively unknown, little stocks.