Economy & Markets
The important economic and stock market news that advisors need to know.
Banks Seek Relief as More Investors Move to Cash
By John SullivanAs more investors move to cash as a defensive move against another possible downturn, U.S. regulators have asked some banks to take more deposits from large investors even if its unprofitable. Bloomberg reports lenders in return are seeking relief on insurance premiums and leverage ratios.
August 26, 2011
Are Income Tax Hikes Inevitable?Should Congress be taxing the rich and giving to the poor and middle class?
August 25, 2011
Fed’s Hoenig: Forget the Economy, Focus on FinancesOne day before policymakers meet in Jackson Hole, Wyo. Federal Reserve Bank of Kansas City President Thomas Hoenig said theres only so much the central bank can do to help the economy, and that the policy should pivot to focus on the countrys fiscal problems.
August 25, 2011
Real Estate Rebound? Weak Housing Data Hides Seeds of Hope, Analyst SaysWhile this week has produced mostly grim news in the housing sector, a top real estate industry consultant offers a far more encouraging big-picture view of the key economic sector.
August 25, 2011
Gold Zigzags as CME Raises Trading MarginsGold took a roller-coaster ride this week, climbing to record highs before falling back more than $200 an ounce before soaring to records once more.
August 25, 2011
Buffett Puts $5 Billion Into BofA, Draws CriticismBank of America said Thursday that it was selling 50,000 shares of preferred stock with a liquidation value of $100,000 per share and a dividend that pays 6% per year to Berkshire Hathaway.
August 25, 2011
‘Flight to Safety’ Prompts Higher Fixed Annuity SalesSecond quarter fixed annuity sales overcame falling interest rates to post their second consecutive quarter-to-quarter increase. Beacon Research, which studies annuities, reports sales improved 8% from the prior quarter to $20.4 billion, and all but one product-type grew.
August 24, 2011
While Nero Fiddled…Regardless of your political persuasion, youre probably a little unhappy at the moment (the moment being Aug. 9).