Economy & Markets
The important economic and stock market news that advisors need to know.
Soros Says Gold Is the ‘Ultimate Bubble’
By Marlene Y. SatterIn an interview with Chrystia Freeland of Reuters, billionaire financier George Soros said Wednesday that, despite setting records this week, gold prices may continue to rise.
September 15, 2010
Japan Intervenes in Currency Market, Buying Dollars, Selling YenFor the first time since 2004, Japanese authorities intervened in the global currency markets Wednesday, buying U.S. dollars and selling yen in a $12 billion foreign exchange designed to drive t
September 14, 2010
Lifetime Income: Witnesses Ask for Safe HarborsIf the government wants employer-sponsored retirement plans to offer lifetime income options, then Congress should protect employers against the risk that the options might produce disappointing results.
September 13, 2010
BondDesk Hires Schwab Fixed-Income V.P. Peter CampfieldFinancial technology firm BondDesk Group announced Monday, September 13 that it has hired Peter Campfield, former vice president of fixed income trading at Charles Schwab & Co., as president of the BondDesk Trading (BDT) platform.
September 10, 2010
Bond Boom Good for PIMCO, But Not for Economy, says El-ErianThe bond group also plans more equity funds, as leaders Gross, El-Erian and McCulley give the Obama Administration policy prescriptions for turning the U.S. economy around.
September 10, 2010
Obama Appoints Goolsbee as Chair of the Council of Economic AdvisersThe White House announced Friday, September 10, that President Obama has appointed Austan Goolsbee to replace Christina Romer as the Chair of the Council of Economic Advisers (CEA).
September 09, 2010
Top 10 Most Competitive Countries: World Economic Forum RankingsThe land of perpetual neutrality tops the overall rankings in "The Global Competitiveness Report 2010-2011," released Thursday, September 9, by the World Economic Forum ahead of its Annual Meeting of the New Champions 2010 in Tianjin, China.
September 07, 2010
Americans Reducing Debt, Study FindsAs a result of the economic crisis, 51% percent of Americans surveyed have cut back on their indebtedness.