Monthly Archives: June 2012

Weekly Economic Update June 25, 2012

WALL STREET FINDS THE POSITIVE IN THE NEGATIVE Moody’s Investors Service downgraded 15 major banks late last week, yet financial stocks rallied Friday – Wall Street was bracing for deeper cuts. Investors also liked a new accord in Europe – Germany joined France, Italy and Spain in support of a €130 billion stimulus plan to…
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Weekly Economic Update June 18, 2012

IF GREECE EXITS THE EURO, WHAT COMES NEXT? Best-case scenarios for Greece seemed to fade as the weekend neared. Concerns mounted that Sunday’s special elections would either bring another parliamentary deadlock or a victory for parties opposing scheduled austerity cuts. Some economists maintained that a Greek exit from the euro would not be abrupt and…
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Weekly Economic Update June 11, 2012

IS A FIX COMING FOR EUROPE’S DEBT CRISIS? Last week, global markets rallied on European Central Bank President Mario Draghi’s assertion that risks to the EU economy had increased, interpreting it as a signal that the ECB and other central banks might take swift action to rescue weaker eurozone nations. (Stateside, Federal Reserve Chairman Ben…
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Weekly Economic Update June 4, 2012

IS IT TIME FOR QE3?May’s unemployment report threw Wall Street for a loop Friday. Economists polled by Reuters forecast a payroll gain of 150,000, but only 69,000 new jobs were created. Even worse, part-time positions accounted for all of the increase. The jobless rate ticked up to 8.2% in May, and the Labor Department also…
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Parents, Alzheimers, & Money

Easing into a difficult conversation. Every eighth American aged 65 and older has Alzheimer’s disease, and 43% of Americans aged 85 and older have it, according to the Alzheimer’s Association. Consider those percentages in light of the Social Security Administration’s estimate that about 25% of today’s 65-year-olds will live past age 90. These shocking statistics…
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Weekly Economic Update May 30, 2012

CONSUMER CONFIDENCE HIGHEST SINCE 2007 In a tense week for investors, some promising news emerged: the closely watched Thomson Reuters/University of Michigan consumer sentiment index came in with a final reading of 79.3 for May – the ninth straight monthly improvement. May’s 3.8% gain brought the index to a peak unseen since October 2007. The…
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