The Week in Review from Valeo Financial Advisors (August 29, 2014)
August 29, 2014    Disclosures    POSTED IN  Markets

Valeo News

 U.S. Economy

  • The U.S. economy grew by an annualized rate of 4.2% during the second quarter after contracting by 2.1% in the first quarter Reuters
  • U.S. consumer spending declined in July CNBC
  • Prices of U.S. homes rose at a slower pace in June Fortune
  • Consumer confidence in the U.S. reached the highest level since October 2007  according to the Conference Board’s monthly report Bloomberg

 Around the World

  • Inflation in the Eurozone fell to a five year low. Year over year inflation increased by only 0.3% in August The New York Times
  • As the Eurozone begins to stagnate, will the central bank stimulate? Reuters UK
  • Japan’s economy continues to struggle as household spending fell 5.9% in July from a year earlier and industrial output remains weak The Wall Street Journal
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