Economy & Markets
The important economic and stock market news that advisors need to know.
The Dow and 7 Days of Disaster
By Mike PattonDisasters affect financial markets from Pearl Harbor to Fukushima, but what role does human behavior play in market successes and failures?
July 17, 2012
Bernanke to Senators: Don’t Dawdle in Addressing Fiscal CliffFed Chairman Ben Bernanke signaled to senators on Tuesday that more quantitative easing measures might be taken and urged lawmakers to not dawdle in addressing the nations fiscal woes.
July 17, 2012
Tweets of Doom From Gross, Roubini Point to SlowdownTwin tweets from two titans, PIMCO's Bill Gross and the economist Nouriel Roubini, on Monday point to pessimistic outlooks from the men and their firms.
July 17, 2012
63% - Most young adults know peers who have moved back in with parents (Pew Research)Parents with household incomes of $100,000 or more are just as likely as those with incomes under $30,000 to say a child has moved back in.
July 17, 2012
Global recovery still under threat, says IMF outlook (BBC)The IMF predicts growth in advanced economies to expand by 1.4% this year and 1.9% next year. Inflation is expected to ease as demand and commodity prices weaken.
July 17, 2012
BoE Governor Pushed for Barclays Chief’s OusterThe British Parliament got an earful over the last couple of days as testimony continued in the LIBOR-fixing scandal.
July 16, 2012
Estate Planners: 5 New Taxes to WatchCome January, certain clients could be facing higher tax bills. Get ready now to help them cope later.