Economy & Markets
The important economic and stock market news that advisors need to know.
Oil, Gold Both Surge on MENA Unrest; U.S. Could See Cut in Supply
By Marlene Y. SatterContinued strife in Libya set the stage for continued increases in the prices of both oil and gold, with the potential for oil scarcity in the U.S. rearing its head.
March 03, 2011
Economic Forecasters, the Bears: Gross, Roubini, Rodriguez & More—a Slide ShowIt's the Bears vs. the Bulls, but this playing field is economic prognostication. AdvisorOne presents a slide show of some of the noted pessimists and optimists. First up, da Bears.
March 03, 2011
Five Good Questions for William J. Bernstein of 'Efficient Frontier'The asset-allocation specialist argues, "Wealth is not a dollar amount, but rather a ratio measured in years; in other words, how many years’ living expenses you’ve saved."
March 03, 2011
Oil Prices a Drag on Economy Despite Encouraging Signs: J.P. Morgan's KellyDavid Kelly, chief market strategist of J.P. Morgan Funds, hosted a call on Wednesday to address rising oil prices and political turmoil in the Middle East.
March 03, 2011
Weekly Jobless Claims Fall to 3-Year Low, Leading Trio of Upbeat ReportsThe number of people requesting unemployment benefits last week plunged to a nearly three-year low, bolstering the likelihood that companies will increase the pace of hiring this year.
March 03, 2011
Oil Price Rise Will Hit Cereal Markets: UNThe U.N. warned Thursday that with global food prices at a record high, more increases in the cost of oil and a drive by importers to stockpile food would cause problems on the cereal markets.
March 03, 2011
ECB Keeps Interest Rates Steady, but May Toughen Inflation TalkThe European Central Bank declined to raise interest rates on Thursday, keeping them at 1% despite an inflation rate within the euro zone that has risen above 2.4%.
March 02, 2011
Roubini Firm Predicts Muni Bond Bust Spread Over 5 YearsRoubini Global Economics issued a report on Monday that theorized muni bonds were in for a fall—a big fall, to the tune of some $100 billion—over the next five years, as state and local governments default on obligations.