Economy & Markets
The important economic and stock market news that advisors need to know.
State Debt Burden Barely Moved by Deficit Cuts: Report
By Gil WeinreichState budget gaps have shrunk by half compared to the previous year, yet the mountain of debt burdening the states has barely budgedindicating a systemic crisis fueled by unfunded liabilities.
August 28, 2012
ECB Pushes for Looser Basel Liquidity RuleThe ECB is advocating a looser standard on eligibility of assets that can be used to satisfy a draft liquidity rule from the Basel banking committee, over concerns that the current definition is too restrictive on credit in the midst of the financial crisis.
August 27, 2012
Doomsaying Economist Faber Sees 100% Chance for Global RecessionApocalyptic predictions from wannabe super-villain economists could signal a worrisome trend.
August 27, 2012
Merkel Battles Headwinds at Home Over GreeceChancellor Merkel of Germany took to the airwaves over the weekend to try to quell ever-louder exitmongering talks among her political colleagues at home as they declared that Greece should depart the eurozone.
August 27, 2012
Greece Must Stay in Eurozone: Hollande, MerkelAfter meeting with Prime Minister Samaras of Greece on Saturday, President Hollande of France reiterated that Greece must remain in the eurozoneechoing the words of the German chancellor, Angela Merkel, the day before.
August 27, 2012
German Woes GrowGerman business confidence fell for the fourth month in a row as European financial woes continued to build.
August 24, 2012
Roubini: GOP’s Gold Standard Dream Would Cause DepressionIt might be a relatively slow day for the markets, but the Twitteratiincluding Nouriel Roubini and PIMCO's Bill Grossare abuzz.
August 24, 2012
Pre-Retiree Income Crushed Since Beginning of ‘Recovery’Maybe recovery no longer means what we think. A new report from Sentier Research finds that almost every cohort it studied is worse off now than it was three years ago.