Advanced economies risk a "lost decade" unless policy makers recognize
the severity of the wounds left by the financial crisis, says Pimco's CEO.
Companies in the U.S. unexpectedly cut jobs in September, data from a private report based on payrolls showed today.
Meredith Whitney, the analyst who jumped to celebrity from
obscurity by correctly predicting Citigroup Inc.'s dividend cut, is
having less success divining stock market winners and losers.
Nobel Prize-winning economist Joseph Stiglitz said the Fed's rate cuts to record lows have created currency misalignments and the risk of asset price
bubbles.
by
Karen DeMasters
The troubled economy has meant more people need financial planning but can't afford it. Frank Paré and Saundra Davis are among those stepping in to help.
After the economy slipped into recession in 2008, millions of Americans
received unemployment benefits to make ends meet-including almost
3,000 millionaires.
The economist credited with predicting the 2008 economic crisis says
mergers during the recession raise the risk that even larger banks may need bailouts.
High-yielding stocks are the least liked by fund managers but are poised to gain
popularity among a growing population of aging Americans, BoA says.
The U.S. government will face pressure to bail out struggling states in
the next 12 months, said Meredith Whitney, the analyst who
correctly predicted Citigroup Inc.'s dividend cut in 2008.
The recession last year hurt
almost every part of American life, from household finances to marriage
rates and teenage employment, says the Census Bureau.
by Jeffrey Kleintop
The Fed's message last week implied it was preparing to take action
to help ensure the economy avoids a double-dip recession. How might investors profit from such action?
New York University Professor Nouriel Roubini
said there's a high probability of another recession in the U.S., underscoring risks to the global recovery.
The Dow Jones
Industrial Average will surge to 38,820 in an eight-year "super boom"
that will begin in 2017, according to a well-known stock tracker.
The U.S.
mortgage market is "absolutely broken" and changing the government's
role in housing must be a top priority, said former Federal Reserve
Chairman Paul Volcker.
The U.S. Senate won't pass an extension of the Bush-era tax cuts before
the November 2 elections, second-ranking Democrat Dick Durbin said today.
by
Ray Fazzi
Advisors reveal how they were impacted by the first "Wall Street" movie and protagonist Gordon Gekko's maxim:
"Greed is good."
Bill Gates remains the richest
American with estimated assets of $54 billion, according to Forbes
magazine's annual ranking of the 400 wealthiest Americans.
by Bloomberg News
Financial advisors are familiar with what Alzheimer's disease can cost their clients. An advocacy group now projects that dementias will cost 1% of global GDP this year.
The longest and deepest U.S. recession since the Great Depression ended in June 2009, lasting 18 months, the National Bureau of Economic Research said.
by Bloomberg News
The billionaire vice chairman of Berkshire Hathaway
Inc. defended the U.S. financial-company rescues of 2008 and told
students that people in economic distress should "suck it in and cope."
