Economy & Markets
The important economic and stock market news that advisors need to know.
Budget War Expected to Rage as Debate Turns to 2012
By Joyce HansonNow that last week’s U.S. budget battle is over, with Democrats and Republicans both claiming victory in the deal negotiated Friday night, the real fiscal war can.
April 11, 2011
China Posts Q1 Trade DeficitIn the first quarter of 2011, China posted a trade deficit, something it has not done since 2004. In Q1, the nation imported $1.02 billion more than it exported.
April 11, 2011
QE2 to End on Schedule; Stimulus Need Mostly Gone: Janney’s LuschiniThe economic stimulus strategy known as QE2, according to Mark Luschini, economic strategist at Janney Montgomery Scott, has largely done its work, and should come to an end on schedule on June 30 with small likelihood of a follow-on QE3 to take its place.
April 10, 2011
Federal Budget, Inflation and Earnings Season: Advisor Briefing for the Week of April 11, 2011Market movers for this week: 2011 and 2012 federal budgets, corporate earnings kickoff, inflation markers for U.S., Europe and China.
April 09, 2011
Deal Is Reached to Avoid Government ShutdownPerilously close to a government shutdown, President Barack Obama and congressional leaders reached agreement late Friday night to cut about $38 billion in federal spending and avert the first federal closure in 15 years.
April 09, 2011
Portfolio Fix: Rising Metals Prices Bring New Shine to Mining ETFsGold and copper producers are likely to post strong earnings-per-share gains thanks to higher metals prices.
April 08, 2011
Government Shutdown Stretches U.S. CredibilityBalancing a budget – a task that is done by every responsible family in the country – is no doubt more complex at the federal level.
April 08, 2011
Fed’s Lockhart: Current Monetary Policy Appropriate; Manufacturing ExpandingDennis Lockhart, president and CEO of the Federal Reserve Bank of Atlanta, on Friday talked about current monetary policy and the effects of inflation on the economy in a speech before the Knoxville Economics Club in Knoxville, Tenn.