Economy & Markets
The important economic and stock market news that advisors need to know.
The Demand Side Dilemma
By John SullivanPut a chart up of where we were coming out of the 1981-82 recession under supply side versus where we are now and its hard to argue against Milton Friedman and government laissez-faire.
August 15, 2011
El-Erian, World Bank, Ministers Warn Euro, U.S. LeadersPIMCO's Mohamed El-Erian has warned that further missteps by U.S. and European leaders risk turning today's raging crises into something more devastating. That warning came as France and Germany ruled out talks on Eurobonds.
August 15, 2011
House Builders Stayed Pessimistic in AugustThe National Association of Home Builders said Monday that its index of builder sentiment in August was unchanged at 15. The index has been below 20 for all but one month during the past two years.
August 15, 2011
Top Portfolio Products: Morningstar Reports Heavy Fund Outflows, ETF IncreasesLast week, Morningstar reported that fund outflows fell heavily in July as ETFs increased. Meanwhile, in new portfolio products, Aberdeen has taken over management of The Singapore Fund.
August 15, 2011
Soros: Germany Must Support EuroAccording to billionaire George Soros, a decision by German Chancellor Angela Merkel ignited the euro crisis in the wake of the Lehman Brothers default in 2008. Now, Soros says, only Germany can save the euro.
August 15, 2011
Buffett: Tax the Wealthy'My friends and I have been coddled long enough by a billionaire-friendly Congress,' Buffett concluded in a New York Times op-ed. 'Its time for our government to get serious about shared sacrifice.'
August 12, 2011
3 Ways to Soothe Panicked ClientsSteve Rudolph, an advisor affiliated with Commonwealth Financial, hosts calls to discuss short-term market moves and long-term investing goals.
August 12, 2011
Avast, Me Hearties!And now some lighter fare for your Friday afternoon...I got an interesting bit from my friends at the American College of emergency Physicians yesterday. These ...