Economy & Markets
The important economic and stock market news that advisors need to know.
When New York Fed’s William Dudley Speaks, People Listen
By Kate McBrideDudley outlined two steps the Fed could take to help mitigate some of the current economic woes. Did he go too far or just far enough?
October 05, 2010
Millenials, Gen Xers Seek Stodgy Security, Says Guardian LifeInsurance policy buyers under the age of 40 are choosing whole life over other asset alternatives and paying off their policies early, according to Guardian Life Insurance Co. of America.
October 05, 2010
A Bond Bubble? FundQuest CIO Clift Begs to DifferThere has been much talk of there being a bond bubble, but Tim Clift, chief investment officer for FundQuest, says bluntly that there is no bubble.
October 04, 2010
Analysts Cut S&P 500 Profit OutlookFor the first time in more than a year analysts are cutting their forecasts for Standard & Poor's 500 Index earnings, jeopardizing gains from the largest September rally since World War II.
October 04, 2010
Schapiro, Kanjorski Comment on ‘Flash Crash’ ReportThe staffs of the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) released a joint report Friday which detailed their findings regarding the market events of May 6, 2010
October 04, 2010
‘Hey, Buddy, Can You Spare a Million Dollars?’Unemployment hit everyone hard - including millionaires.
October 04, 2010
Americans Not Spending, Don’t Plan To: Harris PollResults of a Harris Poll released Monday showed that, regardless of any positive indicators in the rest of the economy, Americans weren't buying it.
October 04, 2010
PIMCO’s El-Erian Says to Resist China BashingPIMCO CEO and co-CIO Mohamed El-Erian says the United States needs to tread carefully in its economic dealings with China in order to not upset that country's growth.