Economy & Markets
The important economic and stock market news that advisors need to know.
The Really Long View From Doug Ober of Adams Express—Weekend Interview
By James J. GreenThe chief of the 82-year-old closed-end fund is thoroughly up to date with what's happening in the markets now, to his investors' benefit.
August 26, 2011
Banks Seek Relief as More Investors Move to CashAs more investors move to cash as a defensive move against another possible downturn, U.S. regulators have asked some banks to take more deposits from large investors even if its unprofitable. Bloomberg reports lenders in return are seeking relief on insurance premiums and leverage ratios.
August 26, 2011
Japan’s Prime Minister Steps DownPrime Minister Naoto Kan of Japan resigned from leadership of his party on Friday and confirmed that he would step down from his government post, leaving the path clear for a successor to be chosen on Monday.
August 26, 2011
Hurricane Irene Could Be Multi-Billion Dollar Event for InsurersA "significant hit" but within planning scenario for P&C insurers, reports PropertyCasualty 360.
August 26, 2011
Are Income Tax Hikes Inevitable?Should Congress be taxing the rich and giving to the poor and middle class?
August 25, 2011
Fed’s Hoenig: Forget the Economy, Focus on FinancesOne day before policymakers meet in Jackson Hole, Wyo. Federal Reserve Bank of Kansas City President Thomas Hoenig said theres only so much the central bank can do to help the economy, and that the policy should pivot to focus on the countrys fiscal problems.
August 25, 2011
Real Estate Rebound? Weak Housing Data Hides Seeds of Hope, Analyst SaysWhile this week has produced mostly grim news in the housing sector, a top real estate industry consultant offers a far more encouraging big-picture view of the key economic sector.
August 25, 2011
Gold Zigzags as CME Raises Trading MarginsGold took a roller-coaster ride this week, climbing to record highs before falling back more than $200 an ounce before soaring to records once more.