Economy & Markets
The important economic and stock market news that advisors need to know.
House Rejection of Senate Bill Leaves Payroll Tax Cut Uncertain
By Melanie WaddellThe House rejected, 229-193, on Tuesday the Senate bill to extend the payroll tax cut for two months as well as unemployment benefits. If Congress cant break the logjam, 160 million Americans will pay higher taxes next year.
December 20, 2011
Outlook 2012: Fixed Income View From AXA, BondDesk, LPL & EagleAs the debt crisis continues to weigh on yields, analyst says investors should pick munis, corporates carefully.
December 20, 2011
British Fund Managers Opt for CashWaning faith that the eurozone can extricate itself from its debt crisis has led British fund managers to hold their highest concentration of cash in at least two years.
December 19, 2011
Outlook 2012: Value Investing — A Glimmer in the GloomLike value investment gurus Warren Buffett and Benjamin Graham, today's stock pickers believe that investment is most intelligent when it is most businesslike.
December 19, 2011
Outlook 2012: Global Economy View—J.P. Morgan, LPL, S&PMarket strategists and portfolio managers from J.P. Morgan Funds, LPL Financial and S&P Capital IQ are combing through the data in a search for investment opportunities next year.
December 19, 2011
Boehner Urges House to Scuttle Payroll Tax Cut DealA bipartisan negotiated two-month extension of payroll tax cuts and extended unemployment benefits, passed by the Senate on Saturday, looks doomed to fail if House Speaker John Boehner, R-Ohio, follows through with his insistence that the House vote it down late Monday.
December 19, 2011
Why Are U.S. Bond Yields So Low?In a fascinating piece of recent economic research, two analysts at the Cleveland Fed ask why U.S. bond yields are falling when the interest rates of European sovereigns facing similar debt issues are soaring. Their answer is more disturbing than reassuring.
December 19, 2011
Europe’s Recession Will Be ‘Severe’: Gary ShillingFamous bear Gary Shilling, former chief economist at Merrill Lynch and current AdvisorOne contributor, told Bloomberg T.V.s Sara Eisen that Europe is headed for a "severe" recession.