Economy & Markets
The important economic and stock market news that advisors need to know.
Irish Government Collapses Under Weight of Debt
By Marlene Y. SatterBrian Cowen, Ireland's prime minister, said that he will dissolve his government once the austerity budget necessary for an EU-IMF aid package is passed.
November 22, 2010
Slow Growth for 2011, No Double-Dip Recession, Say Leading EconomistsIn the vein of "no news is good news" a group of economists says its forecast remains the same--slow growth for 2011.
November 22, 2010
Ireland’s Acceptance of Bailout Fails to Impress MarketsAlthough Ireland formally accepted the need for a bailout, requesting help from the EU and International IMF on Sunday, the world markets failed to be impressed on Monday.
November 22, 2010
E-Commerce Sales Continue Steady Growth in Q3Retail sales made over the Internet are on a steep upward trend, even though as yet such sales, for Q3 2010, only make up 4.2% of total retail sales in the U.S.
November 22, 2010
GDP and the Euro, Housing and Retail Sales—and Tryptophan: Advisor Briefing for the Week of Nov. 22, 2010In a Thanksgiving holiday-shortened week, some economic reports have been moved up on the schedule, but in addition to closely watching retail sales on Black Friday, the markets will digest reports on third-quarter GDP and a host of measures of housing's health.
November 21, 2010
Life Insurers Cancel Policies After DeathAn article in the Sunday Los Angeles Times is taking a look at the practice of rescission--canceling insurance coverage after a policy has been issued--as it's playing out in the cases of some beneficiaries who were denied benefits when the policy owners died.
November 21, 2010
Obama Meets With EU Leaders on TradeAfter two days of meetings in Lisbon that began with NATO and included the EU, President Barack Obama covered a lot of ground and termed the meetings "extremely productive."
November 21, 2010
Ireland Accepts Bailout From EUIreland formally accepted the need for a bailout, requesting help from the European Union and International Monetary Fund on Sunday.