Economy & Markets
The important economic and stock market news that advisors need to know.
Rescue Fund Divides Euro Zone
By Marlene Y. SatterWhile Spain’s Prime Minister Jose Luis Rodriguez Zapatero talked up his country’s progress in getting its debt under control, he also expressed faith that the euro zone would agree to take steps to strengthen the European Financial Stability Facility, the euro zone’s rescue fund.
February 22, 2011
Oil, Budgets, GDP: Advisor Briefing for the Week of Feb. 21, 2011U.S. markets are likely to be moved by the continuing unrest in Libya and the Persian Gulf and the continuing political arguments over not just the Federal budget for 2011 and 2012, but state budgets as well.
February 21, 2011
Spreading the PovertyI recently read and heard some awful bunkum about the need to slash the Federal deficit. It did not come, as it usually does, from conservatives.
February 21, 2011
Europe Markets Slump, Oil Prices Jump on Libya CrisisWith reports suggesting that over 200 people have been killed in clashes across the country, which have spread to the capital Tripoli, investors are getting increasingly worried about the escalating violence in one of Africa's biggest oil producers.
February 21, 2011
Gold Prices Roar Back Over Unrest in Arab WorldSeekers of financial safe havens amid the unrest in North Africa and the Middle East have once again taken refuge in gold, driving the price per ounce over $1,400 for the first time in almost seven weeks.
February 20, 2011
Spreading the PovertyI recently read and heard some awful bunkum about the need to slash the Federal deficit. It did not come, as it usually does, from conservatives.
February 20, 2011
House Passes 2011 Budget Bill; Possible Government Shutdown Dominates Talk ShowsA war of words over the federal budget dominated the Sunday talk shows following the House of Representative’s passage of a 2011 budget bill on Saturday that calls for cuts of $61 billion from a range of programs.
February 20, 2011
G20 Finance Ministers Bow to China Demands on Global Economy IndicatorsAccord reached by finance ministers of the G20 at their meeting in Paris on Saturday, but exchange rates and currency reserves were blocked from inclusion by China.