Economy & Markets
The important economic and stock market news that advisors need to know.
Volatility Spikes on Europe Woes
By Ben WarwickThe markets opened lower, but bounced after good industrial production numbers at mid-morning.
August 16, 2011
Roubini: Karl Marx Got Capitalism's Death Wish Partly RightNouriel Roubini, the economist known as Dr. Doom, invoked the specter of Karl Marx while taking on presidential candidate Rick Perry over threats by the 'Texan thug' against Fed Chairman Ben Bernanke.
August 16, 2011
Bear Market Indicator ‘Death Cross’ Makes Ominous AppearancesBlack Swans, Hindenburg Omenscant at least one market indicator be called Candy and Unicorns?
August 16, 2011
California Denies Property Tax Relief to Many NonprofitsCalifornia nonprofit organizations in increasing numbers are being denied property tax exemptions, The New York Times reported Monday.
August 16, 2011
Home Building Slips in July, Leaving Construction DepressedThe Commerce Department said Tuesday that builders began work on a seasonally adjusted 604,000 homes last month, a 1.5% decrease from June.
August 16, 2011
Fitch Reaffirms Triple-A U.S. Debt RatingFitch Ratings affirmed the United States Triple-A debt rating Tuesday and called the countrys outlook 'stable.'
August 16, 2011
Swiss Franc on Runaway CourseTourists wanting a cup of coffee in Zurich these days will pay dearly for the privilege: A single cup at Caf St. Gotthard would cost $8.30 at Tuesdays exchange rate, according to a Bloomberg report.
August 16, 2011
German Economy Hits the BrakesGermanys economy skidded nearly to a halt in the second quarter, according to figures released Tuesday by the Federal Statistics Office in Wiesbaden.