Economy & Markets
The important economic and stock market news that advisors need to know.
Boomers and the new (normal) economy
By Matt ThornhillIn late summer we learned that the "Great Recession" lasted from December 2007 through June 2009.
November 30, 2010
Chicago PMI Manufacturing Up; Case-Shiller Home Prices DownChicago PMI showed a business barometer reading of 62.5 in November while the S&P/Case-Shiller home price index declined 2% in the third quarter.
November 30, 2010
Confidence Levels Higher for Advisors, Investors and ConsumersAdvisors, investors and consumers expressed a boost in confidence in November, with major indexes measuring their attitudes all reporting increased levels in the last month.
November 30, 2010
Bailing on the EuroAn op-ed in today's Washington Post has the following headline: "Ben Affleck: How the United States can help secure Congo." Seriously. The actor responsible for "Gigli"...
November 30, 2010
President Obama, Lawmakers Meet on Bush Tax CutsIn a one-hour meeting with congressional leaders, Republicans declared "steadfast opposition" to any increase in taxes following the Bush-era tax cuts' expiration.
November 30, 2010
Portugal’s Banks in Danger; Euro Zone Bonds HammeredTuesday morning the Bank of Portugal issued a financial stability report that warned the government to bring its public spending under control.
November 29, 2010
Spain Gets Extension as Bonds Suffer; Germany Denies Plans for Joint BondsSpain, thought to be in danger of needing a bailout if Portugal was rescued, was granted a reprieve on its bank support system.
November 29, 2010
Shariah-Compliant Indexes Struggle in NovemberDow Jones reported Nov. 24 that several indexes tracking Shariah-compliant stocks fell in November.