Economy & Markets
The important economic and stock market news that advisors need to know.
Gary Shilling: Markets Confront a Death by a Thousand Cuts
By A. Gary ShillingThey face a potentially more aggressive Fed, increasing fears of rising inflation and multiple imbalances, the famed economist writes.
February 14, 2018
Tax Law Guts Fannie’s Bottom Line; Needs $3.7B From U.S.The mortgage finance company lost over $6 billion in the fourth quarter because asset values declined as a result of the new tax law.
February 14, 2018
US Companies Lag on Corporate Governance: Allianz Global InvestorsThe firm just launched a proxy voting tool disclosing its votes on shareholder and management proposals, including "no" votes on 45% of U.S. comp proposals.
February 14, 2018
4 Ways Persistent Low Returns Affect Retirement Behavior: NBERA new NBER paper examines how the low interest rate environment can change retirement decisions.
February 13, 2018
Powell’s Fed Isn’t About to End the ‘Greenspan Put’The Fed cant allow financial markets to collapse while it frets about moral hazard.
February 13, 2018
Bill Restores Tax Exemption for Advance Refunding BondsThe exemption, repealed in the Tax Cuts and Jobs Act, is important to states and local governments, a co-sponsor of the bill said.
February 13, 2018
Powell Suggests Fed Will Hike Rates Despite Stock Market RoutThe new chairman said the Fed is moving to normalize monetary policy "with a view to extending the recovery."
February 13, 2018
Small-Bank Bill Said to Be Headed for Senate Vote; State Treasurers CheerA key priority for state treasurers is the designation of municipal bonds as high-quality liquid assets.