Economy & Markets
The important economic and stock market news that advisors need to know.
BlackRock, Harvard: Retirees Don’t Know What They Want, but It Might Be Annuities
By Joyce HansonYou dont get a radically different answer when you change the wording of a question about whether you want chocolate or vanilla ice cream, but with annuities you do, says Harvard professor David Laibson.
May 02, 2012
Bill Clinton Knocks Austerity, Says Growth Only Way Out of Economic WoesAt Milken Institute conference, former President Bill Clinton said the need for economic growth was just reality, regardless of right-left political posturing, saying what the world wants most now is another job.
May 02, 2012
Gloomy Roubini Takes On Upbeat Milken at Global Economy ForumAt Milken Institute gathering, economist Nouriel Roubini shored up his reputation as a prophet of doom in an almost contrapuntal interview with financier and philanthropist Michael Milken.
May 02, 2012
Disability Insurance Observer: GrowthUnum finds that the employers that buy its group LTD coverage have a few more employees to cover.
May 02, 2012
Disability Insurance Observer: GrowthUnum finds that the employers that buy its group LTD coverage have a few more employees to cover.
May 02, 2012
4 Fed Bankers: No Need for QE3In further proof the days of presenting a united front at the Fed are gone, four central bankers said Tuesday that further stimulus wont be needed.
May 02, 2012
China Sees Manufacturing RiseChina could be overcoming the challenges imposed by austerity and economic woes in the rest of the world, if manufacturing numbers are any indication.
May 02, 2012
E.U. Debates Bank Capital RulesE.U. leaders are attempting to come to agreement on the amount of capital banks would have to set aside as a precaution against losses, with Britain and Sweden seeking even larger percentages than rules already being discussed.