Economy & Markets
The important economic and stock market news that advisors need to know.
A European QE? Why the Euro, and Maybe the EU Itself, Is in Danger
By James J. GreenJames Dailey says the current troubles with Greek and Irish sovereign debt mark "the end of Bretton Woods II," and he suspects that the European Central Bank, "with the Chinese and the Fed, will do a version of quantitative easing to bail out the banking sector in Europe."
November 17, 2010
The DOL’s DC Fiduciary Shift, and the SEC’s on Munis: Connecting the Advisor Tea LeavesThe increased awareness of the fiduciary duty resulting from financial re-regulation is already having visible effects on DC plans and muni bond advisors.
November 16, 2010
Rangel Convicted of Ethics ViolationsDemocratic Representative Charles Rangel, Congress's former chief tax writer, was convicted by a congressional panel on Tuesday.
November 16, 2010
Senate Banking Committee Confers on New Fed GovernorThe Committee on Banking, Housing, and Urban Affairs will meet Tuesday to discuss the Dr. Peter A. Diamond's nomination to the Board of Governors to the Federal Reserve.
November 16, 2010
As EU Presses Ireland, Greece Has '14 Days to Live'As Ireland continued Tuesday to grab headlines over its financial crisis and world stocks dropped for a seventh straight day, fears over a looming Greek default took over broader worries in the euro community.
November 16, 2010
Millionaires Have Remained in the Market: U.S. Bank SurveyMost U.S. millionaire investors have stayed in the market despite the recession, a fragile recovery and continued market volatility, according to a survey released Monday by U.S. Bank.
November 16, 2010
Industrial Production Up; October’s PPI Increase Fueled by Gas PricesFactories chugged away in October, recording their biggest increase in three months, and producer prices were up as well, thanks to rising gas prices.
November 15, 2010
Corporate Debt Safer Than Euro Zone Sovereign DebtEurope's sovereign debt crisis has turned the region's credit markets upside down.