Economy & Markets
The important economic and stock market news that advisors need to know.
Emerging Market Nations Warn IMF on Greek Rescue
By Marlene Y. SatterEmerging market nations of the International Monetary Fund warned that body on Thursday not to contribute too much money to Greece's second bailout.
July 27, 2011
LIMRA: Income Affects Confirmation PreferencesConsumers with higher household incomes seem to like e-mail transaction confirmations more than lower-income consumers do.
July 27, 2011
Markets Spooked by Two Dreary Signals: Debt, DurablesIt is the forward-looking nature of two key indicators that appears to be weighing on stocks. Declines in durable goods orders mean less manufacturing down the road, and a failure to get a debt deal means the two parties are so at odds they are willing to hold creditors hostage.
July 27, 2011
Debt Ceiling Deal Has ‘Huge’ Momentum, Says Corker, a Top GOP SenatorSen. Bob Corker, R-Tenn., said Wednesday there is ‘huge momentum building on both sides of the aisle’ to pass a legislative package that not only raises the debt limit, but includes deficit reduction measures to avoid a ratings downgrade for the United States.
July 27, 2011
Greece Sees Second Rescue as Euro BondGreece's Prime Minister George Papandreou said that the bond repurchase measure in the country's second bailout amounted to a joint euro zone bond in what he called a move beyond a monetary union for the group of 17 nations sharing a single currency.
July 27, 2011
CBO: Boehner, Reid Debt Plans Fall Short of Promised SavingsMuch-touted budget proposals by Speaker of the House John Boehner and Senate Majority Leader Harry Reid were found by the Congressional Budget Office on Tuesday to fail to deliver on promised savings.
July 26, 2011
Democracy’s PriceThe Founding Fathers understood that democracy — “government of the people, by the people, for the people” as Abraham Lincoln put it…
July 26, 2011
Does Anyone Have a Real Economic Plan?Going into next year’s election, President Obama is in a heap of trouble over the economy. Some evidence: in June, only 29 percent of the people who participated in a Wall Street Journal / NBC News poll thought the country was “headed in the right direction.”