Economy & Markets
The important economic and stock market news that advisors need to know.
China Adjusts Reserve Ratio Again to Fight Inflation
By Marlene Y. SatterThe Chinese government moved again on Monday to battle inflation, but instead of an outright increase in the required reserve ratio (RRR), this time it clarified policy on margin deposits.
August 29, 2011
Deficit Reduction Committee Gets to WorkCongress solution to the debt limit crisis and rising deficits is fully operational, but many are left wondering whether the bipartisan Joint Select Committee on Deficit Reduction is capable of fulfilling its mandate.
August 29, 2011
Early Irene Damage Estimates: Insured Losses of $1.5B-$3BWorst-case scenarios avoided, reports Property-Casualty360.com. U.S. stock markets opened at normal times.
August 26, 2011
The Fed’s Empty Toolbox: AnalysisToo many worrywarts have lost wealth and squandered opportunity by being 'right' about the coming economic crisis too early.
August 26, 2011
The Really Long View From Doug Ober of Adams Express—Weekend InterviewThe chief of the 82-year-old closed-end fund is thoroughly up to date with what's happening in the markets now, to his investors' benefit.
August 26, 2011
Two-Thirds Plan to Slash Charitable Giving: StudyU.S. charities can look forward to a cold winter as nearly 68% Americans say they will cut back on their giving in coming months, according to a study conducted in mid-August by Campbell Rinker on behalf of Dunham+Company.
August 26, 2011
No Sign of QE3 From Bernanke as GDP Drops, Markets RiseMarkets rose Friday after Fed Chairman Ben Bernanke said he was 'optimistic' about the U.S. economy in a speech at Jackson Hold, Wyo., and signaled that the Fed had no plans for a third round of quantitative easing.
August 26, 2011
Banks Seek Relief as More Investors Move to CashAs more investors move to cash as a defensive move against another possible downturn, U.S. regulators have asked some banks to take more deposits from large investors even if its unprofitable. Bloomberg reports lenders in return are seeking relief on insurance premiums and leverage ratios.