Economy & Markets
The important economic and stock market news that advisors need to know.
Roubini: Karl Marx Got Capitalism's Death Wish Partly Right
By Gil WeinreichNouriel Roubini, the economist known as Dr. Doom, invoked the specter of Karl Marx while taking on presidential candidate Rick Perry over threats by the 'Texan thug' against Fed Chairman Ben Bernanke.
August 16, 2011
Home Building Slips in July, Leaving Construction DepressedThe Commerce Department said Tuesday that builders began work on a seasonally adjusted 604,000 homes last month, a 1.5% decrease from June.
August 16, 2011
Fitch Reaffirms Triple-A U.S. Debt RatingFitch Ratings affirmed the United States Triple-A debt rating Tuesday and called the countrys outlook 'stable.'
August 16, 2011
Swiss Franc on Runaway CourseTourists wanting a cup of coffee in Zurich these days will pay dearly for the privilege: A single cup at Caf St. Gotthard would cost $8.30 at Tuesdays exchange rate, according to a Bloomberg report.
August 16, 2011
German Economy Hits the BrakesGermanys economy skidded nearly to a halt in the second quarter, according to figures released Tuesday by the Federal Statistics Office in Wiesbaden.
August 15, 2011
The Demand Side DilemmaPut a chart up of where we were coming out of the 1981-82 recession under supply side versus where we are now and its hard to argue against Milton Friedman and government laissez-faire.
August 15, 2011
Goldman’s O’Neill Says No, It’s Not 2008 All Over AgainJim ONeill, chairman of Goldman Sachs Asset Management, is optimistic about the global economy and doesn't believe the world is headed to another recession on the scale of the 2008 crisis.
August 15, 2011
Top 10 Industry Donors to Congressional Deficit Panel MembersPolitical contributions tracker MapLight analyzes campaign contributions to the 12 members of the 'Super Committee' that Congress appointed to reduce the nation's debt.