Economy & Markets
The important economic and stock market news that advisors need to know.
Top 5 Most Read Stories: LTC Tax Changes; PIMCO's Gross on Bond Market
By Editorial StaffThese are AdvisorOne's Top 5 Most Read Stories for the week of Nov. 8.
November 11, 2010
White House Signals Surrender on Bush Tax CutsAfter confidently predicting in September a repeal of the Bush tax cuts would pass for those making over $250,000, then suggesting a "decoupling" strategy...
November 11, 2010
ING Q3 Profit Falls 26%Dutch bank and insurer ING Group NV (ING) announced Wednesday that its profits were down 26% after a writedown of $701 million on its U.S. insurance division.
November 11, 2010
G20 Meeting Marked by Dissent, Inaction; Concerns Over IrelandThe G20 summit meeting that began Thursday in Seoul had been expected to calm tempers riled by foreign exchange rates.
November 11, 2010
PIMCO’s McCulley Offers Support of Bernanke, QE2Paul McCulley argues for the Fed's latest move as PIMCO plans new ETF, sees $56 billion in inflows.
November 11, 2010
Tiger 21 Investors Voice Investment ConcernsMembers of the ultra-high-net-worth (UHNW) peer group Tiger 21 are "concerned about the economy/investment climate" according to an announcement from the group.
November 11, 2010
Deficit Commission's Proposals Blasted by Retirement Plan OfficialsRetirement planning officials sharply objected to the deficit reduction draft report that was released Wednesday by Erskine Bowles and Alan Simpson, co-chairs of the National Commission on Fiscal Responsibility and Reform.
November 10, 2010
Import-Export Prices Rose in October; Jobless Claims Down in WeekA week after the midterm elections and the Fed's decision to pump more money into the economy, reports on import and export prices and jobless claims don't reflect the new reality.