Economy & Markets
The important economic and stock market news that advisors need to know.
Ireland Passes EU-IMF Bailout Package
By Marlene Y. SatterIreland’s Finance Minister Brian Lenihan pushed the bailout package through Parliament on Wednesday by a margin of only six votes, having some harsh words of his own for the protesters.
December 15, 2010
Moody’s May Downgrade Credit Rating of SpainMoody’s warned Spain on Wednesday that it might be in for a ratings downgrade, bringing that nation unwelcome attention before the start of a summit meeting of European Union (EU) leaders on Thursday.
December 15, 2010
Financial history: learning from the pastResearch Senior Editor Ken Silber spoke about financial history lessons for financial advisors on the Gabe Wisdom Show, Business Talk Radio, on 12/13/10.
December 14, 2010
To Fix Ailing Economy, Increase Demand, Says SummersThe former president of Harvard and Treasury Secretary defended the current Administration’s economic policies.
December 14, 2010
Good Economic Signs: Retail Sales Rise, CEOs in Hiring MoodA strong start to the holiday season is raising confidence that the consumer is back and that 2011 could be a better year for the economy than expected.
December 14, 2010
Fed Confirms Monetary Policy, QE2 as Currency War Prospects RiseThe Fed signaled no change to U.S. monetary policy on Tuesday, leaving intact its $600 billion QE2 plan.
December 14, 2010
Municipal Bond Regulation: Time to Repeal the Tower Amendment?Too bad there’s no expiration date on the 1975 amendment exempting municipal bond issuers from making disclosures to potential investors.
December 14, 2010
Moody’s Threatens Credit Downgrades for Belgium, U.S.Ratings agencies piled on the gloom early in the week as Moody’s maintained its negative outlook on Spain’s banking system and warned on Monday that the U.S. might be in for a downgrade in its credit rating if the tax cut deal becomes law.