Economy & Markets
The important economic and stock market news that advisors need to know.
Investment Managers Upbeat for 2011
By Janet LevauxBoth managers and financial advisors are optimistic, Russell surveys find, but clients aren’t.
December 13, 2010
China Reserves Raised, Inflation Is TargetIn the wake of a bank reserve hike on Friday, the Central Economic Work Conference in China, chaired by President Hu Jintao, ended Sunday with the issuance of a policy statement that shifts toward fighting inflation.
December 13, 2010
Vote on Tax Cuts and Jobless Aid; Support for Euro: Advisor Briefing for the Week of Dec. 13, 2010This week's top news centers around taxes, estate planning and jobs, leavened by the final FOMC confab of the year.
December 12, 2010
EU Treaty to Change to Stabilize EuroEuropean leaders will amend the European Union (EU) treaty this week to accommodate the creation of a permanent European Stability Mechanism (ESM) that will begin in 2013.
December 12, 2010
Tax Cut Deal: Sanders’ Filibuster; Clinton’s Defense; Democrats’ AngerIn the wake of President Obama’s deal with Republican lawmakers regarding the negotiated package centering on the Bush tax cuts and an extension of unemployment benefits, protest was loud and long on the Democratic side of the aisle.
December 10, 2010
Senate Majority Leader Reid Introduces Tax Cut, Unemployment Extension BillThe Senate began to debate on Thursday evening the $898 billion bipartisan tax cut bill that was introduced by Senate Majority Leader Harry Reid, D-Nev., earlier in the day.
December 10, 2010
PIMCO’s El-Erian Predicts Rosier Year for U.S. vs. Europe: AnalysisMohamed El-Erian, PIMCO’s highly influential CEO, gave succor to the U.S. stock market rally when he raised his firm’s forecast for U.S. growth next year.
December 09, 2010
How to Get Back Into the Market Without Feeling Like a SuckerScared investors fled the markets in droves since the economic downturn. The faint of heart left in late 2007; others threw in the towel at various points in 2008; the unluckiest gave up in March of 2009, at the market bottom.