The Week in Review from Valeo Financial Advisors (February 12, 2016)
United States
- Janet Yellen noted, during her two day, semi-annual testimony to Congress, that the U.S. dollar’s strength was unexpected and, separately, that it is premature to say a recession is forthcoming Bloomberg
- Core retail sales in the U.S. rebounded from December Reuters
- Consumer sentiment was lower than expected in January CNBC
World
- The eurozone economy grew by an annualized 1.5% during the final quarter of 2015 MarketWatch
- China’s foreign exchange reserves fell by nearly $100 billion in January to the lowest level in three years BBC
- Oil prices moved off their 13-year low The Wall Street Journal
Personal Finance
- Today, people over 50 have a lot more debt than those 50 plus years or older did a dozen years ago The Wall Street Journal
- Six important ages as you get closer to retirement USA Today