Economy & Markets
The important economic and stock market news that advisors need to know.
4 Ways Fed Can Take Action: Stone & McCarthy Report
By Joyce HansonThe Fed this week will likely add further stimulus to the U.S. economy, say Stone & McCarthy Research Associates in a report that lays out the policymakers four options for taking action.
September 20, 2011
Tim Geithner: Obama’s Plan ‘Fairest’ for Promoting GrowthTreasury Secretary Tim Geithner appeared on Bloomberg Television with Julianna Goldman Monday to discuss President Obama's deficit-cutting plan and the crisis in Europe.
September 19, 2011
Roadmap for the Coming Greek DefaultAn acclaimed fund manager says the history of sovereign defaults in Argentina, Uruguay, Russia and other countries provides a clear outline of the financial crisis that appears about to unfold, and the associated choices involved.
September 19, 2011
Obama Deficit Plan Includes $1.5 Trillion in Tax Hikes on WealthyPresident Barack Obama announced Monday his plan to reduce the deficit by more than $3 trillion over the next decade, including $1.5 trillion in tax increases for the wealthy.
September 19, 2011
Roubini, PIMCO’s El-Erian: Kick Out Greece to Save EuroMohamed El-Erian, CEO and co-CIO of PIMCO, said that one way to save the euro was by cutting the size of the 17-nation bloc through the exit of Greece and one or two other unspecified countries.
September 19, 2011
Obama Unveils Deficit Plan, Using ‘Buffett Rule’ for Tax on WealthyPresident Barack Obama on Monday announced a plan to reduce the deficit by more than $3 trillion over the next 10 years, with $1.5 billion coming from new taxes on the wealthy.
September 17, 2011
Why I’m Cautious on Stocks, Unimpressed With Bonds, and as for Cash…Washingtons efforts to prop up the economy are more political than pragmatic. In the meantime: no pain, no (long-term) gain.
September 16, 2011
Advisor’s Top Job: Helping Clients Stay Cool, Survey SaysIn hot markets, its crucial for advisors to do plenty of hand-holding and other work, say most financial advisors polled by Russell Investments.