Economy & Markets
The important economic and stock market news that advisors need to know.
Obama Taps Economist Alan Krueger as Council Chairman
By Joyce HansonPresident Barack Obama nominated Alan Krueger, who served as the U.S. Treasurys chief economist from 2009 to 2010, to replace Austan Goolsbee as chairman of the Council of Economic Advisers.
August 29, 2011
Don’t Give Up on Small-Cap Stocks: Don HodgesDon Hodges' Hodges Small Cap (HDPSX) mutual fund has seen an especially terrible summer, but he stands behind the fund, saying that investors make their money in a bear market.
August 29, 2011
China Adjusts Reserve Ratio Again to Fight InflationThe Chinese government moved again on Monday to battle inflation, but instead of an outright increase in the required reserve ratio (RRR), this time it clarified policy on margin deposits.
August 29, 2011
Japan's Finance Minister Expected to Become Prime MinisterYoshihiko Noda, finance minister of Japan, won his partys election on Monday to head Japans ruling party.
August 29, 2011
Hurricane Irene Can’t Close Wall StreetDespite what Hurricane Irene hurled at the business district of New York City, business continued pretty much as usual on Monday morning, with some companies opening their offices and others advising employees to work from home until transportation was fully restored.
August 29, 2011
Deficit Reduction Committee Gets to WorkCongress solution to the debt limit crisis and rising deficits is fully operational, but many are left wondering whether the bipartisan Joint Select Committee on Deficit Reduction is capable of fulfilling its mandate.
August 29, 2011
Early Irene Damage Estimates: Insured Losses of $1.5B-$3BWorst-case scenarios avoided, reports Property-Casualty360.com. U.S. stock markets opened at normal times.
August 26, 2011
The Fed’s Empty Toolbox: AnalysisToo many worrywarts have lost wealth and squandered opportunity by being 'right' about the coming economic crisis too early.