Economy & Markets
The important economic and stock market news that advisors need to know.
Consumer Confidence Still Shaky in December
By Danielle AndrusThe State Street Investor Confidence Index rose 8 points from 96.4 to 104.4 in December 2010, State Street Global Markets reported Tuesday.
December 28, 2010
David Einhorn Warns That Fed’s Zero Rate Policy Risks 2d Financial CrisisThe man who blew the whistle on Lehman Brothers’ financial house of cards sees the position of the U.S. economy as similarly untenable if zero interest rates persist.
December 28, 2010
Outlook 2011, Global and U.S. Bonds: Europe Debt Woes May Affect U.S., Says T. Rowe Price's LevensonFixed income more attractive as rates lift; global and local risk and reward.
December 28, 2010
European Central Bank Can’t Offset Euro Bond BuysThe European Central Bank (ECB) failed Tuesday to attract sufficient funds to offset its spate of bond buying, coming up 13.5 billion euros ($17.76…
December 27, 2010
The Great Deleveraging: How to Advise Clients in a Period of Weak GrowthAs debt contracts, today’s deleveraging should bring several years of weak economic growth, forecasts Chip Dickson, co-founder of equity research firm Discern and former Lehman Bros. chief equity strategist.
December 26, 2010
Online Retail Sales Reach Christmas Season RecordConsumers pulled out all the stops online to spend $36.4 billion by Dec. 23, the day before Christmas Eve, according to SpendingPulse, a MasterCard Advisors report.
December 26, 2010
China Raises Lending, Deposit Interest Rates by 25 Basis PointsThe People's Bank of China moves again to tame inflation
December 23, 2010
Will 2011 See a Boom in Commodities?Real diversification is back in vogue as the case is made for owning and investing in raw and tangible commodities.