Economy & Markets
The important economic and stock market news that advisors need to know.
Top Reasons to Raise the Debt Ceiling, in Recession and Recovery
By John SullivanAsset manager James Altucher's popular argument creates new buzz as the budget fight looms.
February 23, 2011
Existing-Home Sales Rise on Foreclosures and Cash DealsMore people bought previously occupied homes in January. But sales surged on a rising number of foreclosures and all-cash deals, and not first-time home-buyers.
February 23, 2011
U.S. IPOs Are ‘on Top Again,’ Renaissance Capital ReportsU.S. initial public offering issuance has surged ahead of other nations’ IPOs so far in 2011, even moving ahead of the Asia-Pacific region, Renaissance Capital reported.
February 23, 2011
Merkel Thwarted on Debt Buyback by ParliamentAngela Merkel, chancellor of Germany, finds herself in a tight spot. She was put there by her own government as members of parliament in the ruling coalition on Wednesday passed a nonbinding resolution opposing the repurchase of debt by the European Stabilization Mechanism when that vehicle replaces the existing euro...
February 23, 2011
Greek Austerity Protesters Clash With PoliceProtestors seeking a halt to stringent austerity measures adopted by Greece in an attempt to combat its debt problem raged through the streets of Athens on Wednesday, clashing with police and crippling the city as public and private employees went on strike.
February 23, 2011
Advisor’s Value Pointed Out in StudyDuring turbulent days in the market such as these, the best thing an advisor can do is to keep their clients from making bad choices.
February 22, 2011
Stocks Rattled by Libya Unrest; Oil Prices JumpStocks fell sharply and oil prices spiked to their highest level in two years on Tuesday as unrest in Libya worsened.
February 22, 2011
What to Buy in a Pullback, Part IILast Thursday’s blog post turned out to be more prescient than planned. I certainly didn’t expect today’s selloff, but considering the…