The Week in Review from Valeo Financial Advisors (December 2, 2011)
Indianapolis News
- Indianapolis to Court CME Wall Street Journal
- Indianapolis based ExactTarget files for $100M IPO IBJ
U.S. Economy
- Chart: Manufacturing index rises to 52.7, the 28th month in a row of expansion (anything above 50) St. Louis Federal Reserve
- Bank earnings hit highest level since 2007 AP
- The first time in 62 years the U.S. is set to become a net fuel exporter Wall Street Journal
- U.S. Economic Growth Is Revised Down to 2 Percent The New York Times
Credit/Debt
- Federal Reserve household credit report: Consumers shed debt CNN Money
- CoreLogic’s New Credit Score Exposes Even More of Your Financial Life The New York Times
Employment
- US unemployment rate falls to 8.6 per cent, payrolls up 120,000 FT Alphaville
- Mentor Support Key to Starting a Business Gallup
Residential Real Estate
- Average Foreclosure Time Sets New Record. Nears 2 years. CNBC
- Average rate on 30-year fixed home loan at or below 4 percent for 5th straight week AP
- Home prices decline in Sept Reuters
- America Underwater – Interactive map with state by state mortgage data Marketplace
Central Banks (Federal Reserve, ECB et al)
- Liquidity for Europe: Fed, Five Central Banks Cut Rate on Dollar Swaps Bloomberg
- The Central Banks Are Doing What? Planet Money
- What a lender of last resort looks like. The Federal Reserve and Morgan Stanley from late 2008 to early 2009. Reuters
- What is the difference between fiscal & monetary policy? San Francisco Federal Reserve
Miscellaneous
- Federal budget projections vs. reality. Interactive graph: Sunlight Foundation
- Chart: The number of patent applications in the world rose from ~800,000 in the early 1980s to 1.8m in 2009 The Economist
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