Economy & Markets
The important economic and stock market news that advisors need to know.
The Health Care Fallacy
By Alexei BayerDebate on U.S. health care reform is dangerously skewed. Sure, the current system is expensive and inefficient. But inefficiencies of one kind or another plague...
October 19, 2009
The Shirt on My BackSigns of deflation seem to be all around us. The Social Security Administration just announced that beneficiaries won't be getting a cost of living increase for the first time since COLAs were introduced in 1975.
October 16, 2009
Can the DJIA at 10,000 Inspire "Animal Spirits?"The Dow Jones Industrial Average hit a year-to-date high and jumped above 10,000 on Oct. 14, and the next day hit another high of 10,062.94. Unless you are short, this is good news for you and for your clients.
October 15, 2009
The "V" Points DownwardThe case for economic recovery, at least one of the V-shaped variety, is difficult to make. First and foremost, one has to assume that the rise in unemployment will end, not just decelerate, as has been the case.
October 14, 2009
Study: Despite rally, pessimism reinsAllstate and National Journal's latest survey finds that although the U.S. may be emerging from the recession, Americans are pessimistic about the years ahead. Specifically,...
October 14, 2009
Aussies Raise RatesOn October 6th, Australia became the first in the G-20 nations to raise interest rates. The surprise move signals that in some parts of the globe, the period of monetary loosening which began during last year's market debacle is beginning to reverse.
October 12, 2009
Baucus Bill Not Cheap For Middle-Income Families: CBOHealth exchange coverage premiums and cost-sharing could cost a family of 4 with an annual income of $102,000 19% of its income.