Economy & Markets
The important economic and stock market news that advisors need to know.
Health Care Is the New Wealth Care
By Ellen UzelacWITH THE OLDEST BABY BOOMERS turning 66 this year, many are worried sick about the rising cost of health care. And no wonder. Health care expenses in retirement can run hundreds of thousands of dollars not exactly pocket change.
December 26, 2011
Advisor: Is Your Congressman on the Payroll Tax Committee?Congress is gridlocked again, this time on a long-term deal to extend the payroll tax cut. Democrats have already named members to a conference committee formed to end the stalemate. Advisors can do something: Contact Congress now.
December 26, 2011
An Advisor’s 5 Market Wishes for 2012Will 2012 be just like 2011? One advisor has five wishes for the new year.
December 26, 2011
Yuan Hits All-Time HighThe yuan hit an all-time high on Monday during the day's trading, closing up against the dollar, and traders said it may be on the way to a more than 4% growth rate for 2011.
December 26, 2011
World Economy 'in a Dangerous Situation:' LagardeChristine Lagarde, head of the International Monetary Fund, said Sunday that the world economy was in peril and that Europeans should speak as one on the debt crisis, in the wake of a summit agreement that she found wanting in specifics.
December 26, 2011
China May Form More Credit Ratings AgenciesThe head of the People's Bank of China said Sunday that the financial institutions should reduce their reliance on foreign credit-rating agencies and that the nation is considering forming its own such entities which would be backed by the government.
December 23, 2011
Collapse of Mayan Civilization Bears Lessons for Today’s Political Gridlock: News AnalysisThe payroll tax expiration in early 2012 brings to mind another expiration expected in the new year: specifically, the end of the world that some sources say was part of the religious thinking of the Mayans who saw Dec. 21, 2012 (or baktun 13) as some sort of end date....
December 23, 2011
Whitney Wrong on Muni Market, to a DegreeWhile Bloomberg continues to delight in Meredith Whitneys bold 'prediction-that-wasnt,' The Wall Street Journal notes she might not be so far off.