The Week in Review from Valeo Financial Advisors (10-7-11)
October 7, 2011    Disclosures    POSTED IN  Markets

From the @valeofinancial Twitter feed

Consumer Borrowing

  • Surprise contraction in consumer credit Valeo Financial Advisors
  • The average rate for the conventional 30-year fixed mortgage dropping below 4 percent for the first time in history Freddie Mac

Financial Planning


  • S&P 500 has had nine swings of at least 5% up or down since 8/26. Bespoke
  • Today’s 30 year bond rate is lower than the one-month rate on January 17, 2008 – Reuters
  • Death by low yields: Bond-fund managers face a dilemma The Economist
  • Bank share prices are close to their 2008-09 lows The Economist


  • It’s currently costing Chinese central bank ~$240 bil/year to hold down the value of its currency. ~4% of 2010 GDP Peterson Institute
  • Daily chart: How #China and India compare on various measures of development The Economist
  • Think Beijing is America’s banker? Think again. 10 myths about China debunked. Foreign Policy Magazine

United States


  • The revolution that Steve Jobs led is only just beginning The Economist
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