Economy & Markets
The important economic and stock market news that advisors need to know.
Federal Budget, Inflation and Earnings Season: Advisor Briefing for the Week of April 11, 2011
By James J. GreenMarket movers for this week: 2011 and 2012 federal budgets, corporate earnings kickoff, inflation markers for U.S., Europe and China.
April 08, 2011
Government Shutdown Stretches U.S. CredibilityBalancing a budget – a task that is done by every responsible family in the country – is no doubt more complex at the federal level.
April 08, 2011
Fed’s Lockhart: Current Monetary Policy Appropriate; Manufacturing ExpandingDennis Lockhart, president and CEO of the Federal Reserve Bank of Atlanta, on Friday talked about current monetary policy and the effects of inflation on the economy in a speech before the Knoxville Economics Club in Knoxville, Tenn.
April 08, 2011
PIMCO’s El-Erian: Portugal Actions Represent ‘New Phase’ in European Debt CrisisPortugal’s decision to follow Greece and Ireland in seeking a European Union-led bailout may mark a watershed in the region’s debt crisis, according to PIMCO chief Mohamed El-Erian.
April 08, 2011
Europe’s Banks Will Undergo Strict Stress TestThe European Banking Authority announced Friday that the 90 banks that must undergo regional stress testing will have to maintain their core Tier 1 capital levels above 5% during an imagined 2-year recession or they will not pass.
April 08, 2011
Oil, Gold Still Rising on Unrest, InflationLibyan oil fields under attack sent the cost of oil surging on Friday to a 32-month high above $124 as gold entered record territory yet once more.
April 08, 2011
Portugal Must Accept Tough Conditions for Aid: Euro Zone MinistersDespite the fact that its parliament voted against new austerity measures, Portugal must accept reforms that go even further than the ones it just rejected as conditions for its bailout package, euro zone ministers said Friday following Portugal’s request for a bailout.
April 07, 2011
The Marketing Alliance releases third-quarter resultsThe Marketing Alliance, headed by President Timothy M. Klusas (pictured), recently announced financial results for its fiscal third quarter, ended Dec. 31, 2010. Click the headline for more information.