Economy & Markets
The important economic and stock market news that advisors need to know.
Wesbury Slams Roubini on ‘Double Dip’ Fears
By John SullivanThe countrys dour mood doesnt jibe with the numbers, according to First Trust Chief Economist Brian Wesbury, and he specifically points to Nouriel Roubinis recent analysis as an example of what not to believe.
October 04, 2011
Wall Street’s Top 10 Corporate Good GuysThe U.S. finance industry has taken a beating for its role in the economic crisis, but according to Corporate Responsibility magazine, there are still 10 good guys in the sector.
October 04, 2011
Administration Proposal Eliminates Tax Free Status of Muni Bonds for the AffluentHow will the elimination of the muni bond interest exemption affect your clients?
October 04, 2011
Bear Market Hugs S&P 500, Making Investors Run for CoverWith the S&P 500 officially entering a bear market early Tuesday, investors are scrambling for guidance as the fourth quarter begins.
October 04, 2011
Stiglitz: ‘Spend, Spend, Spend’ to Save EconomyUnderstanding how the global economy got into its present state, said economist Joseph Stiglitz, is key to coming up with a solution. That solution, he declared, is to spend, spend, spend, and he added that government must take the lead, since corporations wont and private citizens cant.
October 04, 2011
UBS Expects Modest Profit for Q3, New Client InflowsUBS said Tuesday that, despite a loss of $2.3 billion related to unauthorized trading and $433 million restructuring charge tied to cost cutting, it should report a modest net profit for the third quarter of 2011.
October 04, 2011
Post-Recession Era Leaves Women Worse Off Than Men: SurveyThe Great Recession may be over and a recovery under way, but many Americans, and women and single mothers in particular, are hurting, according to research from the Institute for Womens Policy Research released Monday.
October 04, 2011
Bernanke Warns Congress: Weak Recovery in Danger of DyingFed Chairman Ben Bernanke testified before the Joint Economic Committee on Tuesday, telling Congress the recovery isnt what he hoped, and is now in danger of faltering.