Economy & Markets
The important economic and stock market news that advisors need to know.
GDP Growth in Q2 Is Feeble 1.3%
By John SullivanThe economy grew 1.3% in the second quarter, according to Commerce Department figures released Friday. The pace was below private-sector expectations of 1.8% growth. Compounding the disappointing numbers, first quarter GDP growth was revised sharply from 1.9% to 0.4%.
July 29, 2011
FINRA to Take Closer Look at Mutual Fund AdvertisingResponding to mutual fund companies that charge the regulator fails to consistently communicate new interpretations of existing advertising rules for mutual funds, FINRA says it will change its ways.
July 28, 2011
Catching up with… Scott ColyerIf you’re in the decidedly unglamorous, but wholly necessary fixed income business, setting up shop in Monument, Colo., serves as an effective (and breathtaking) counterbalance.
July 28, 2011
Three new developments on the annuity rider frontThe buzz in the annuity world is about optional features that guarantee a lifetime income stream: living benefit riders.
July 28, 2011
Robbing Peter to Pay EveryoneWhy Euro Pacific Capital's Peter Schiff doesn't like Ben Bernanke
July 28, 2011
On Debt Ceiling Crisis, Focus on OpportunitiesThe best posture for advisors and clients? Remain disciplined in your approach and continue to set your sights on longer-term opportunities, goals and objectives.
July 28, 2011
Debt Crisis: U.S. Treasuries and U.K. Gilts Trade Places, BrieflyWorldwide, investors are telling the governments of advanced economies that their debt management plans are unpersuasive. For a time today, the bond market signaled that British gilts were safer than Treasuries. Meanwhile, Spanish and Italian bonds reached the danger zone Thursday.
July 28, 2011
Business Leaders Resigned to U.S. Debt Downgrade but Say Default UnlikelyThe business community is battening down the hatches for a U.S. debt rating downgrade—and they’re not happy about damage that the oncoming economic storm will wreak on investors.