The Week in Review from Valeo Financial Advisors (August 8, 2014)
August 8, 2014    Disclosures    POSTED IN  Markets

U.S. Economy

  • Productivity in nonfarm business was strong during the second quarter Reuters
  • Consumer credit rose in June, but at a slower pace than in May. Auto and student loan accounted for most of the increase ABC
  • Eighteen American businesses held 36 percent of corporate wealth in 2013, up from 27 percent in 2009 Bloomberg

Around the World

  • Russia will impose a full embargo on food imports from the European Unions, United States, and other Western countries BBC
  • Italy is suffering through the nation’s third recession since 2008 Bloomberg
  • German economic growth has become feeble Reuters
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