Economy & Markets
The important economic and stock market news that advisors need to know.
House Republicans Meet With Obama Over Debt Limit
By Melanie WaddellHouse Republicans met with President Obama Wednesday morning to discuss how raising the debt ceiling would impact everything from the nation’s economy, to job creation, to health care.
June 01, 2011
Sex, Money, Advisors and Distrustful Clients: Searching for Alpha for June 2011A recent article in Der Spiegel explores why Germans seem more willing to discuss the most intimate details of their sex life than money.
June 01, 2011
China to Clear Off Billions in Local Government DebtChina's regulators intend to move 2-3 trillion yuan ($308-463 billion) of debt off the books of local governments, paying off some and forcing some of its "Big Four" banks to absorb some losses.
June 01, 2011
Citigroup to Form Securities Venture in ChinaCitigroup plans to sign a joint venture agreement to launch a securities firm in China in June, it was reported on Wednesday, as it seeks to insert itself into the thriving capital market atmosphere there.
June 01, 2011
The China Syndrome: What Will We, and the FPA, Learn in China?Ever the skeptic on the benefits of the globalization of financial planning, Bob Clark admits he might be wrong this time. Maybe.
June 01, 2011
FPA in China: How the Chinese Invest Now and for RetirementChinese investors seek high returns but with low risk; real estate a primary vehicle in a nascent financial services environment
May 31, 2011
Debt Limit Increase Fails in Congress in Largely Symbolic VoteThe House overwhelmingly rejected President Barack Obama's call to increase the $14.3 trillion debt limit without conditions, by a vote of 318-97. Even some Democrats supporting Obama's position voted against it.
May 31, 2011
Annuity Assets Were Highest Ever in Q1: MorningstarAnnuity sales hit a new high-water mark with results for the first quarter of 2011, when they logged in with assets reaching their highest level ever and posted double-digit increases over the same period in 2010.