The Week in Review from Valeo Financial Advisors (August 1, 2014)
August 1, 2014    Disclosures    POSTED IN  Markets

Around the World

  • Argentina defaults on its debt for the second time in a dozen years Bloomberg
  • During July manufacturing activity in China rose by the most in over two years BBC

U.S. Economy

  • The economy grew at an annual rate of 4.0% during the second quarter after contracting by an annualized 2.1% during the opening quarter of 2014 The Washington Post
  • U.S. manufacturing expanded in July at the fastest pace in three years Fox Business
  • U.S. consumer confidence rose to a seven year high The Wall Street Journal
  • The Federal Reserve announced it would reduced its bond buying program from $35 billion per month to $25 billion Bloomberg
  • The little-known FRED charts that reveal the state of the U.S. economy The Washington Post
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