Economy & Markets
The important economic and stock market news that advisors need to know.
Germany Backs Merkel, Approving Expansion of Bailout Fund
By Marlene Y. SatterA tough vote for Angela Merkel, chancellor of Germany, passed off without a hitch as she won enough votes from her own coalition to pass new powers for the European Financial Stability Facility (EFSF).
September 28, 2011
Jewish Holidays Trade Can Net You Extra 1%, Study FindsWhats known as the Jewish Holiday effect is chump change compared to the real import of the holidays, a 10-day period known as the Days of Awe when Jewish tradition holds that God decrees the fate of all mankind for the year ahead.
September 28, 2011
One in Three Couldn’t Make Housing Payment if Laid Off: SurveyAmericans say they are worried about their finances, but a third of them say that although they take time for financial planning, they also say they could not make their rent or mortgage payments for more than a month if they lost their jobs, a new survey says.
September 28, 2011
Dallas Fed Chief: Operation Twist Unlikely to WorkIn a further sign of the tension and dissention among the regional presidents of the Federal Reserve, The AP is reporting Dallas Fed President Richard Fisher opposed the central banks latest effort to boost economic growth because he fears it wont work.
September 28, 2011
SEC Seeks to Tighten Circuit Breaker RulesFurthering its efforts to avoid another 'flash crash' like the one that occurred last May, the SEC on Tuesday announced proposals to revise existing market-wide circuit breakers that are designed to address extraordinary volatility across the securities markets.
September 28, 2011
Test Vote Threatens Germany’s Merkel, Euro Zone Rescue FundA test vote in Germany's Parliament on Wednesday brought bad news for Chancellor Angela Merkel, and perhaps for the whole euro zone.
September 28, 2011
EU Proposes Transaction Tax for Financial InstitutionsThe European Union proposes that a transaction tax be assessed on financial institutions, the EU announced Wednesday.
September 27, 2011
El-Erian: Europe Finally ‘Gets’ Severity of Debt CrisisPolicymakers in Europe 'finally' understand the severity of the regions sovereign-debt crisis and the actions that need to be taken, Pacific Investment Management Co.s Mohamed El-Erian told Bloomberg Radio Tuesday.