Economy & Markets
The important economic and stock market news that advisors need to know.
Estate Planners: 5 New Taxes to Watch
By Jonathan A. Mintz, J.D.Come January, certain clients could be facing higher tax bills. Get ready now to help them cope later.
July 16, 2012
Doomsayers Wrong on Last Year’s Debt DowngradeWarnings last August of an unprecedented financial crisis accompanied by fire and brimstone appear to have been wrong.
July 16, 2012
Buffett’s 9 Nuggets of Wisdom on Banks, Investments, MoreThe Oracle of Omaha had some contrarian things to say about the U.S. economy, the big banks, and what he calls the tapeworm of the American economy, on Bloomberg TV.
July 16, 2012
Birthday boasts: 18 predictions that beat the world’s economists (Beat the Press)In a bit of admitted self-indulgence, Dean Baker, co-director of the Center for Economic and Policy Research, points out a few of the times when he was right while a bulk of economists were wrong.
July 16, 2012
Greek Bank Head Took Secret Loans to Finance Bank StakeGreeces fiscal troubles seemed to grow deeper with the revelation that companies owned by Piraeus Banks chairman and his children took out secret loans from a rival bank to pay for Piraeus shares.
July 13, 2012
Q2 Earnings Kickoff: JPMorgan Down, Wells Fargo Up and Markets Heave Sigh of ReliefFriday the 13th was lucky for JPMorgan and Wells Fargo as both banks stocks rose higher despite dark news that preceded their Q2 earnings reports.
July 13, 2012
Top 25 ‘Heroic’ U.S. Companies That Invest in U.S.The Progressive Policy Institute released its list of companies that are betting on America by making significant domestic capital expenditures.
July 13, 2012
PIMCO’s Gross Sees Jump in Jobless Rate Next YearWhat happened to his optimism? PIMCO Chairman Bill Gross, traditionally a Fed cheerleader, increasingly doesnt like what he sees.