Economy & Markets
The important economic and stock market news that advisors need to know.
The Thrift Paradox: U.S. Savers May Be Happier, but the Economy Suffers
By Joyce HansonConsumer spendingor more precisely, the lack of itcontinues to hamper the U.S. economy as Americans reconsider what it takes to make them happy.
August 06, 2012
Knight Capital Blunder Hastens SEC Rulemaking on Exchange IntegrityAfter a computer mishap spewed orders through stock exchanges on Wednesday and led to a $440 million loss at market maker Knight Capital Group, the SEC is speeding efforts to require exchanges to ensure the capacity and integrity of their systems.
August 06, 2012
Warren Buffett Drops Consumer Stocks, Buys Into BanksBillionaire investor Warren Buffett backed away from stocks in the second quarter, reducing the companys holdings in consumer-products equities but investing more heavily in the finance sector.
August 06, 2012
Italy, Spain Resist ECB RequirementNeither Spain nor Italy is prepared to ask the European Central Bank (ECB) for aid in order for the ECB to begin buying their countries bonds. At least not yet.
August 06, 2012
Greece Progresses on RescueThe ECBs Governing Council has decided to raise the upper limit for the amount of Greek short-term loans the Bank of Greece can accept in exchange for emergency loans.
August 05, 2012
Is Another Housing Bubble in the Works?By pushing for a housing recovery with artificially low rates, the Federal Reserve could be contributing to future problems in the real-estate market.
August 05, 2012
Muni Bonds: The Next Trillion-Dollar Headache?Local governments, unlike the federal government, cant print their way out of debt, a fact that advisors and their clients should keep in mind
August 03, 2012
Roubini Website: Draghi Failure ‘Epic’Nouriel Roubinis EconoMonitor website published a scathing piece by University of Oregon Professor Tim Duy on Friday.