Economy & Markets
The important economic and stock market news that advisors need to know.
Boehner Debt Bill Passes House; Obama Urges Bipartisan Deal
By Joyce HansonPresident Barack Obama on Friday urged a bipartisan deal on raising the debt ceiling, saying that the House plan, which later passed Friday night then quickly tabled by the Senate, was the uncompromising view of a single faction and “has no chance of becoming law.”
July 28, 2011
Catching up with… Scott ColyerIf you’re in the decidedly unglamorous, but wholly necessary fixed income business, setting up shop in Monument, Colo., serves as an effective (and breathtaking) counterbalance.
July 28, 2011
Three new developments on the annuity rider frontThe buzz in the annuity world is about optional features that guarantee a lifetime income stream: living benefit riders.
July 28, 2011
Robbing Peter to Pay EveryoneWhy Euro Pacific Capital's Peter Schiff doesn't like Ben Bernanke
July 28, 2011
On Debt Ceiling Crisis, Focus on OpportunitiesThe best posture for advisors and clients? Remain disciplined in your approach and continue to set your sights on longer-term opportunities, goals and objectives.
July 28, 2011
Debt Crisis: U.S. Treasuries and U.K. Gilts Trade Places, BrieflyWorldwide, investors are telling the governments of advanced economies that their debt management plans are unpersuasive. For a time today, the bond market signaled that British gilts were safer than Treasuries. Meanwhile, Spanish and Italian bonds reached the danger zone Thursday.
July 28, 2011
Business Leaders Resigned to U.S. Debt Downgrade but Say Default UnlikelyThe business community is battening down the hatches for a U.S. debt rating downgrade—and they’re not happy about damage that the oncoming economic storm will wreak on investors.
July 28, 2011
Top 10 Biggest Tax Breaks: What to Cut to Trim Deficit?We need to slash the deficit, right? So which of these 10 treasured, and costly, tax deductions would you cut to save the country from fiscal ruin?