The Week in Review from Valeo Financial Advisors (December 2, 2011)
December 2, 2011    Disclosures    POSTED IN  Markets

Indianapolis News

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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