Economy & Markets
The important economic and stock market news that advisors need to know.
The Market Really is More Volatile Today
By Gerald BurstynWARNING: THE LIFEGUARDS NOT ON duty. Swim at your own risk.Thats the way investment advisor Richard Bregman views todays market. If you go into the water, there might be riptides, sharks, says the CEO of MJB Asset Management, a New York-based firm that manages a little over $100 million in...
December 26, 2011
Health Care Is the New Wealth CareWITH THE OLDEST BABY BOOMERS turning 66 this year, many are worried sick about the rising cost of health care. And no wonder. Health care expenses in retirement can run hundreds of thousands of dollars not exactly pocket change.
December 26, 2011
Europe’s Storm, and OursContrary to the widespread view that the European debt crisis is acting as a drag on the U.S. economic recovery, it actually has been beneficial for the United States. The euro-zone debt crisis has given Washington a respite by boosting the safe-haven premium of Treasury bonds and reducing the debt-service...
December 26, 2011
Bombs, Oil Spill Shake NigeriaA series of Christmas Day bombings and a major oil leak in Nigeria have so far had little effect on world energy markets, but Tuesday could bring a different story.
December 26, 2011
Advisor: Is Your Congressman on the Payroll Tax Committee?Congress is gridlocked again, this time on a long-term deal to extend the payroll tax cut. Democrats have already named members to a conference committee formed to end the stalemate. Advisors can do something: Contact Congress now.
December 26, 2011
An Advisor’s 5 Market Wishes for 2012Will 2012 be just like 2011? One advisor has five wishes for the new year.
December 26, 2011
Yuan Hits All-Time HighThe yuan hit an all-time high on Monday during the day's trading, closing up against the dollar, and traders said it may be on the way to a more than 4% growth rate for 2011.
December 26, 2011
World Economy 'in a Dangerous Situation:' LagardeChristine Lagarde, head of the International Monetary Fund, said Sunday that the world economy was in peril and that Europeans should speak as one on the debt crisis, in the wake of a summit agreement that she found wanting in specifics.