The Week in Review from Valeo Financial Advisors (November 16, 2012)
Economy
- Nearly five years on, the Eurozone, U.K. and Japanese economies all have yet to return to the size they were in 2007. The U.S., however, has. Valeo Financial Advisors
- The U.S. industrial production index dipped in October to 96.6 from September’s 97 (2007=100) Chart: Federal Reserve Bank of St. Louis
Personal Finance
- How much more does it cost to raise a child through age 17 today than it did in 1960? Chart: USDA
- Child-rearing expenses vary considerably by household income level. Chart: USDA
- Full report for Expenditures on Children by Families, 2011 USDA
- Mortgage Rates Dip To New Record Lows Freddie Mac
Paychecks and Spending
- Since reaching a peak in October 2010, real average weekly earnings have fallen by 1.8% U.S. Bureau of Labor Statistics
- U.S. retail sales drop for first time in four months Bloomberg
Federal Debt
- What Factors Are Putting Pressure on the Federal Budget? Hint, it is primarily two major areas. What Are the Consequences of Rising Federal Debt? Chart: CBO
Energy
- The IEA estimates that by 2035 the U.S. could be energy self-sufficient (oil, gas, nuclear, renewables, etc) The Economist
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