Economy & Markets
The important economic and stock market news that advisors need to know.
Correction, Bear Market, or Worse?
By Mike PattonGiven the current economic climate and the decline in risky assets, I feel compelled to continue the conversation we began some three weeks ago. If...
May 31, 2010
Are your children, grandchildren or other family members involved in your financial decisions?That's funny you ask that. About a month ago, we brought a grandnephew of ours in to help us go over our finances.
May 28, 2010
Consumer Spending Flat; Personal Income 0.4% Higher; Sentiment UpConsumer spending in April stayed flat at less than 0.1% versus an increase of 0.6% in March, while personal incomes rose 0.4%, above March's level of 0.3%, the U.S. government said.
May 26, 2010
Nuveen and State Street Debut Build America Bond ETFUnlike most municipal bonds, BABs are taxable and current yields are comparable to corporate bonds, which historically have had a higher default rate than municipal bonds.
May 26, 2010
Treasury Secretary Geithner: European Markets Want Government ActionTreasury Secretary Timothy Geithner said Wednesday, May 26, that financial markets want to see euro zone countries put their $1 trillion standby package into place. The package is designed to assist and stabilize European currency.
May 26, 2010
Senate Energy Committee Debates Eliminating Damage Cap for Oil SpillsAt a May 25th hearing of the Senate Energy and Natural Resources Committee on liability for the Deepwater Horizon disaster in the Gulf of Mexico, U.S. Associate Attorney General Thomas Perrelli called for raising the cap on damage claims from oil spills.
May 26, 2010
Research Senior Editor Ken Silber discusses the origins of major financial institutionsResearch Senior Editor Ken Silber on the Gabe Wisdom Show of 5/26/10, Business Talk Radio, talks about where some major American financial institutions came from and how these origins p
May 24, 2010
Editor's Choice: Financial Stocks Rise After Dodd Bill Passage; GDP, Income and Spending Reports; Advisor Briefing for the Week of May 24, 2010What's happening this week.