Economy & Markets
The important economic and stock market news that advisors need to know.
The Myth of Growth
By Alexei BayerOver the past two years, Nobel Prize-winning economist and New York Times columnist Paul Krugman has been one of the most vocal and noticeable advocates...
September 30, 2010
AIG Announces Plan to Fully Repay BailoutsAIG announced Thursday that it had come to an agreement in principle with the U.S. Treasury, the Federal Reserve Bank of New York and the AIG Credit Facility Trust to repay its 2008 bailout.
September 29, 2010
IMF to Require Financial Check-Up for 25 CountriesThe IMF on Monday announced that every five years it would require 25 countries to undergo in-depth exams to determine financial stability.
September 29, 2010
EU Tells Members: Exceed Budget, Pay FineThe European Commission proposed Wednesday that countries in the European Union not reining in their budgets be hit with penalties in an effort to prevent another Greek-style meltdown.
September 28, 2010
The Hartford Enters Actively Managed ETF SpaceHartford Investment Financial Services LLC. is seeking a regulatory exemption that would permit it to launch actively managed exchange-traded funds.
September 28, 2010
National Bank of Abu Dhabi Launches ‘Cautious Income Fund’On Wednesday, the National Bank of Abu Dhabi (NBAD) announced that it would launch the NADB Cautious Income Fund.
September 28, 2010
Mercer Study: Workers Optimistic About Economic GrowthWorkers with benefits from their employers are optimistic about the economy, but aren't so sure about their own financial futures, a recent survey found.
September 28, 2010
Striking Confidence Gap Between Advisors, Consumers in SeptemberA striking gap in confidence has opened between financial advisors and U.S. consumers, and economic data released Tuesday spells out how far that distance has grown over the last month.