Economy & Markets
The important economic and stock market news that advisors need to know.
Across Party Lines, Transition Boomers’ Biggest Worry Is Health Care: Allianz
By Melanie WaddellSocial Security ranks as the second-biggest concern for both Democrats and Republicans age 55 to 65, an Allianz Life survey found.
October 10, 2012
Italy Cuts Taxes on Lowest EarnersThe government also announced that it was cutting in half a planned increase in sales tax rates to a single percentage point.
October 10, 2012
IMF Boosts Estimate of Bank Selloffs to $4.5 TrillionThe IMF said that if political leaders fail to quell the fiscal crisis, it foresees European banks having to sell up to $4.5 trillion in assets through 2013.
October 10, 2012
China Bank Head Ditches IMF Meet in Snit Over IslandsMeetings of the IMF and World Bank were a few short as they got under way this week in Japan.
October 09, 2012
Advisors Bullish on Business, Bearish on Markets and Economy: Schwab SurveyAs the election nears, advisors say they are growing and hiring while worrying about inflation, the high level of the nations debt and whether theyll be able to meet clients goals.
October 09, 2012
Mass Affluents Pessimistic, Millionaires Optimistic on EconomyThe report finds 60% of mass affluent households have a negative view of the economy, a figure that was similar to, yet lower than, a year ago.
October 09, 2012
IMF Says Global Slowdown Could Be ‘More Lasting’The IMF cut its forecast for global economic growth, saying that the slowdown could have a more lasting component and that there was a very shaky confidence in the global financial system.
October 09, 2012
Swiss Commodities Business May Be RevampedSuch changes could threaten Switzerland's reputation as a global commodities trading hub.