Economy & Markets
The important economic and stock market news that advisors need to know.
U.S. Stops Production of High-Tech Hundred Dollar Bill
By John SullivanWhen it comes to printing problems, it’s all about the Benjamins.
December 05, 2010
Will Bush Tax Cuts Be Extended, and Bernanke Speaks: Advisor Briefing for the Week of Dec. 6, 2010This week will bring more meetings and possibly action in Europe on the debt and bailout front, while the domestic economic reports that may move the markets include reads on manufacturing, mortgages, trade and consumer sentiment.
December 05, 2010
IMF to Call on EU for Increase in Bailout Fund, Bond PurchasesThe International Monetary Fund will urge governments in the European Union to increase the size of their rescue fund, and will also call for additional purchases of bonds by the European Central Bank.
December 05, 2010
Taxes, Deficit Dominate Discussions by GOP, DemocratsThe economy was prominent on the Sunday talk shows; once again Republicans and Democrats duked it out over their differing views of what’s needed and what will happen in the coming year.
December 05, 2010
Spain Tightens Belt as Air Traffic Controller Strikes Tie-up TravelSpain approved new austerity measures on Friday, and the nation’s air traffic controllers staged a huge sickout in protest; part of the austerity plan calls for partially privatizing important airports.
December 03, 2010
The S&P 500 Will Rise 17% in 2011, Cambiar’s Barish PredictsEnergy and agriculture will fuel a “multi-speed recovery,” causing a 17% increase in the S&P 500 in 2011, according to Cambiar Investors’…
December 03, 2010
ECB’s Bond Purchases Steady MarketsThe European Central Bank (ECB) continued its existing bond-buying strategy throughout the week, and on Friday, Ewald Nowotny, an ECB governing council member, said it had so far purchased 67 billion euros’ worth.
December 03, 2010
CBO Chief Elmendorf Testifies on Tax and Deficit ProjectionsDoug Elmendorf's testimony before the Senate took a look at federal tax rates, tax bracket percentages and federal spending as a percentage of GDP in the recent past, as well as how these issues are trending for the near future.