The Week in Review from Valeo Financial Advisors (January 3, 2013)
United States
- The U.S. 10-Year U.S. Treasury note has remained around 3%, nearly twice that of a year ago. Bloomberg
- Extended Unemployment Benefits ended for 1.3 million people on January 1 as Congress did not renew the extraordinary program that was set in place during the Great Recession The Washington Post
- Home prices in the U.S. continue to soar USA Today
- U.S. Consumer Confidence rose in December The Wall Street Journal
- Last year U.S. auto makers sold the most vehicles since 2007 Reuters
Around the World
- The unemployment rate in most European countries remains in the double digits The New York Times
- The European Central Bank continues to take bold steps to avoid deflation The Economist
- Debt in China continues to increase The Financial Times