Economy & Markets
The important economic and stock market news that advisors need to know.
How Will Capitalism Work in 2038?
By Alexei BayerIn the early1990s, I got a job at an organization called Business International. For those who are not readily familiar with the communist ethos, the...
May 28, 2008
Boomer savings plans47% - Percent of boomers covered by a defined benefit plan. 50% - Percent of people born in 1946 who have a 401(k) or...
May 28, 2008
Financial houses in the clear?Larry Kudlow says financial stocks are a good buy, but we're not so sure. Yes, we agree the large financial houses are taking necessary steps...
May 28, 2008
Riding high on write-downsYou know it's a weird market when a multi-billion write-down causes stocks to soar. But that's what happened Tuesday after Switzerland's largest bank, UBS AG,...
May 28, 2008
The worst ex-Fed chairman ever?I make no bones about the fact that I liked Alan Greenspan better as Fed chairman than as ex-Fed chairman. His comments in the past...
May 28, 2008
Pity the lay journalistWe journalists aren't known for our analytical skills; we're a decidedly right-brained bunch. As subjects go, we're heavy on english and history - math and...
May 28, 2008
Boomer advisor BRIC alertIf your clients are invested in the so-called BRIC countries, pay attention. Thanks to a surge in recent weeks, the Yuan ended 2007 up nearly 7...
May 28, 2008
A case of irrational calm?Not everyone can be as prescient as Alan Greenspan, especially Ben Bernanke. His effort to predict the consequences of the sub-prime mess have been less...