Economy & Markets
The important economic and stock market news that advisors need to know.
Federal Budget and Jobs; Securities America Saga—Advisor Briefing for the Week of March 28, 2011
By James J. GreenMarket-moving news of interest to advisors this week: Congress returns to address 2011, 2012 budgets; March unemployment, and the Securities America saga continues.
March 25, 2011
U.S. Economy Challenged After Strong GDP Growth in Q4 2010The U.S. economy, as measured by GDP, grew at an annual rate of 3.1% in the October-December quarter, the Commerce Department reported Friday.
March 25, 2011
Interest Rates to Remain Low, QE3 Unlikely, Says Fed President LockhartThe Fed won't extend its $600 billion bond buyback program because the U.S. economic recovery is on solid ground, Atlanta Fed President Dennis Lockhart said.
March 25, 2011
'Europe Is Not Going Away,' Argues David Marcus: Weekend InterviewA disciple of the legendary Michael Price, Evermore Funds’ founder David Marcus sees opportunity in Europe, which Germany will defend, along with the euro.
March 25, 2011
David Marcus Seeks Opportunity for New Funds: Weekend InterviewA disciple of the legendary Michael Price, Evermore Funds’ founder David Marcus brings a focus on opportunity and catalysts as a ‘go anywhere’ value investor.
March 25, 2011
Portugal Suffers Ratings Cuts, but Not Expected to Seek BailoutThe same day that Portugal's prime minister resigned, Fitch on Thursday cut the nation’s credit rating by two notches, and S&P followed on Friday with a two-notch ratings cut.
March 25, 2011
Bernanke Says Dodd-Frank Will Help Small BanksFed Chairman to hold four news conferences each year.
March 25, 2011
France’s Lagarde Pressures Ireland on Corporate Tax RateAs Ireland pressed for a better interest rate on the bailout package it received from the EU and IMF, French Finance Minister Christine Lagarde pushed back.