Economy & Markets
The important economic and stock market news that advisors need to know.
Luxury Spending Bounces Back Big in 2010: Bain Study
By Marlene Y. SatterA Bain & Co. study, at the behest of Italy's Fondazione Altagamma, the trade group for high-end producers, found spending on luxury goods rebounded sharply in 2010 from 2009.
October 17, 2010
No Social Security Pay Increase for Second Straight YearFor the second year in a row Social Security checks will not see a cost of living increase, despite some increases in the prices of goods.
October 17, 2010
ECB, Bundesbank Leaders Butt Heads on Bond SalesECB President Jean-Claude Trichet stated Sunday that the governing council as a whole did not agree with the views of Bundesbank chief, Axel Weber, regarding the bond-buying policy.
October 15, 2010
Bernanke Speaks: Low Inflation Likely to Mean More Debt PurchasesFederal Reserve Chairman Ben Bernanke said in a speech before the Boston Fed that the U.S. central bank will likely adapt its monetary policy to fight overly low inflation by buying large amounts of government debt.
October 15, 2010
CPI Showed Inflation Flat in September, but Consumers not BuyingEconomic data released Friday showed that consumer prices were flat in September, but the low rate of inflation was not enough to boost consumer sentiment.
October 14, 2010
The Top Five Exceedingly Wrong Economic PredictionsWith elections upon us, we take a look back at some of the wackier economic predictions, some panic induced, some more likely drug induced. We hope you find them as entertaining as we did.
October 14, 2010
New Board Confidence Index: ‘Barely Optimistic’ About EconomyA new index that debuted Thursday measures the confidence of company executives in a way that, according to the index's originators, "provides the view...
October 14, 2010
Trade Deficit Wider; Weekly Jobless Claims Up; PPI HigherThe markets spent the day digesting a raft of economic news that showed a widening trade deficit, a stubbornly high rate of unemployment, and a higher price of goods for U.S. businesses at the producer level.