More U.S. executives than ever are increasing earnings forecasts
compared with those lowering them, helped by almost $2 trillion of
Federal Reserve spending and a recovering global economy.
U.S. households
cut their debt last quarter, borrowing less against homes and closing
credit card accounts, according to a survey by the Federal Reserve Bank
of New York.
The Federal Reserve's plan to
buy an extra $600 billion in Treasury securities over the next eight
months is influencing wealth managers' recommendations for their
clients' portfolios.
by Nick Murray
Everyone can buy equities. No one can keep them. What is the advisor to do?
The Obama administration cut taxes for the Middle Class, expects
to make a profit on Wall Street bank rescue and has overseen a growing economy. Most voters don't believe it.
Americans say they're more financially secure today than a year ago,
after a stock market recovery increased confidence that the
worst of the recession is over, according to Bank of America.
by
Jeff Schlegel
Greg Valliere, chief political strategist at Potomac Research Group,
dished out his best prognostication on the
upcoming elections, tax cuts and the
markets at the Schwab Impact...
Bill Gross said a renewal of asset purchases by the
Federal Reserve will likely signify the end of the 30-year bull market
in bonds.
U.S. Treasury Secretary Henry Paulson, a keynote speaker at Schwab's Impact conference, said the financial overhaul passed earlier this year should provide long-term economic growth.
What was so normal about the old normal? Buying a house with no
financial documentation? A negative savings rate? Three billion credit-card solicitations in one
year? That was what Mellody...
The Treasury sold $10 billion of five-year TIPS at a negative yield for the first time as investors bet the Federal Reserve will be successful in sparking
inflation.
Shrinking revenue at U.S. banks, led by Goldman Sachs and
Citigroup, may continue to fall as the industry heads into what
could be its slowest period of growth since the Great Depression.
Final details of the distribution of billions of dollars of assets as
part of Barclays Plc's purchase of Lehman Brothers Holdings Inc.'s
brokerage unit were never approved, the judge said.
Women voters are less confident they'll have money in retirement than men, but more favor President Obama's policies and don't support the Tea Party, a Bloomberg poll says.
by
Karen DeMasters
Fewer workers are being covered by employer-based retirement plans, a
trend that has been continuing for at least a decade, says an Employee
Benefit Research Institute review of census data.
by Larry Chambers
Economist and consultant Bob Goodman says the U.S. is following a slower growth path because politics is trumping free-market capitalism.
The S&P 500 will rise 8.4% in
the next 12 months, as investors become less risk-averse and look ahead
to stronger economic growth in 2012, Goldman Sachs Group Inc. said.
Nobel Prize-winning economist Paul Krugman and Niall Ferguson, author of The Ascent of Money: A Financial History of the World, clashed anew
today over how to revive the U.S. economy.
The U.S.
economy, the world's largest, will expand less than previously
estimated as a lack of jobs restrains consumer spending through 2011, a
survey showed.
Nobel Peace Prize folks have done something even past winner Barack Obama hasn't: taken on China. Just don't count on it leading to any changes for the world's second-largest economy.
