Economy & Markets
The important economic and stock market news that advisors need to know.
After Vote, GOP Expected to Win House; Fed to Announce QE Plan
By Melanie WaddellElection day has finally arrived and while the true make-up of the next Congress won't be revealed until Wednesday, Republicans are optimistic they will win the 39 seats that will guarantee a takeover of the House. Republicans gaining control of the Senate, however, looks far less likely.
November 01, 2010
Credit Where Credit Is DueUsing credit scores in an economy that has seen millions put out of work and into foreclosure is unfair and subjects consumers to unreasonable rate increases.
November 01, 2010
1st Global Hires Art Laffer as Economic AdvisorDallas-based broker-dealer 1st Global announced Monday that Dr. Arthur B. Laffer, "Father of Supply-Side Economics" and inventor of the Laffer Curve, will be an...
November 01, 2010
Midterm Elections and Fed Meets on QE2: Advisor Briefing for the Week of November 1, 2010There are two big market-moving events this week: the midterm elections on Tuesday and the FMOC meeting that concludes Wednesday.
November 01, 2010
Manufacturing Sees Continued Gains but Income, Spending FalterOn the eve of Election Day, Monday's economic news showed that manufacturing expanded nationwide in October for the 15th consecutive month while Americans spent more and earned less in September.
November 01, 2010
Chinese Bank Buys U.S. Broker-DealerIndustrial & Commercial Bank of China Ltd., China's largest lender, is venturing into the broker-dealer business in the U.S., one of the most telling new signs of the rise of Chinese financial institutions in the world economy.
November 01, 2010
Broken Jobs MachineIn the early 1990s, when I was setting up the office of my consulting firm, we had a friend from Paris staying with us. He...
October 31, 2010
Republicans and Democrats Spar Over Tax Cuts, Economy as Election NearsAs the hours dwindle down to Tuesday's election, the talk Sunday from the likes of Sen. Robert Menendez (D-N.J.) was about the economy, tax cuts and the deficit.