Economy & Markets
The important economic and stock market news that advisors need to know.
Older Workers in Labor Force Is Highest in 35 Years
By John SullivanMore Americans close to or beyond retirement age are staying in the work force. The so-called labor-force participation rate reached 40.2% for older workers in 2010, the highest level over the 1975–2010 period, according to new data from the Employee Benefit Research Institute.
August 02, 2011
Obama Signs Debt Bill; Vows ‘Everything on Table’ for Future TalksAfter the Senate passed the bill, 74-26, on Tuesday, President Obama signed the bill into law and said that deficit reduction would need a 'balanced approach' to succeed.
August 02, 2011
PIMCO’s Gross Slaps U.S. With Scarlet ‘A’ for Budget Abuse; Offers Steps to Remove ItCiting Davy Crockett, PIMCO founder Bill Gross mournfully notes, ‘The time for funnin is over,’ now that the latest debt ceiling and budget debate has been settled.
August 02, 2011
China Reverse Merger Boom Goes Bust Costing Investors BillionsChinese reverse mergers, once all the rage, have cooled off, costing U.S. investors billions.
August 02, 2011
Get Ready for QE III, and How to Raise Consumer DemandSt. Louis Fed President Bullard’s raised profile may signal a new round of Fed monetary expansion
August 01, 2011
Global Recession Fears Revive Amid Dismal Economic ReportsManufacturing activity is grinding to a halt in all three of the world's economic engines—the U.S., Europe and China—stoking fears of a new recession.
August 01, 2011
Debt Deal Vote Looms, Downgrade Worries PersistAs Congress takes up consideration of the debt ceiling bill, David Kelly of J.P. Morgan Funds warned that the measure could fail, leading to a TARP-like stock sell-off.
August 01, 2011
June Outflows: Nearly $50 Billion for Money Markets, Other FundsFRC says money-market funds lost more than $48 billion, while stock and bond funds dropped roughly $500 million.