Economy & Markets
The important economic and stock market news that advisors need to know.
Congress Returns as Government Shutdown Looms: Advisor Briefing for the Week of Feb. 28, 2011
By James J. GreenAmong likely developments of interest to advisors: DOL hearings on fiduciary, Bernanke testifying on monetary policy and the unemployment report for February.
February 27, 2011
Libya’s Oil Output Continues to FallThe Hamada oil field in Libya, which is southwest of Tripoli, has ceased to operate, and oil fields in the eastern part of the country are only producing at about half their normal rate, according to an official for Agoco, a Libyan state-owned oil company.
February 27, 2011
GOP, Democrats Blink on Budget, Government ShutdownBoth Republicans and Democrats on Sunday blinked—for the moment—about the possibility of shutting down the government over a pitched budget battle. The continuing resolution currently funding the government expires on Friday, March 4.
February 25, 2011
Forex: A Way to Play the Rise in Food, Energy PricesThe British pound and other currencies are an alternative means of investing, given today’s commodities shocks.
February 25, 2011
Janney’s Luschini Sees Higher Equities, Stabilizing Food PricesThe “Hog Cycle” author gives his outlook on commodities, and provides two key dynamics to watch on energy prices and equity markets.
February 25, 2011
Economic Growth in Q4 Is Revised Downward to 2.8%The government's new estimate for the October-December quarter illustrates how growing state budget crises could hold back the economic recovery.
February 25, 2011
JP Morgan on Middle East: Long-Term Oil Volatility Likely; Yemen Next to FallOther projections: 4% global GDP growth still likely; 5%-8% returns from emerging markets; Saudis replacing lost Libya oil production
February 25, 2011
Author James Glassman’s Surprising Advice for Investment Success: The Weekend InterviewShort the U.S. economy, buy derivatives and reallocate to bonds? We better let him explain.