The Week in Review from Valeo Financial Advisors (December 6, 2013)
US Economy
- The U.S. Economy, Inching Closer to Normality Valeo Financial Advisors
- U.S. employers added 203,000 jobs last month and the unemployment rate dropped to 7.0% The Wall Street Journal
- Third quarter GDP increased at a rate of 3.6% with the growth attributed to very strong inventory accumulation Forbes
- Personal spending rose modestly by 0.3% in October, while the National Retail Federation still expects total holiday sales to increase from one year ago The Wall Street Journal
Global Economy
- Italian and German manufacturing help bolster European economic growth prospects The Wall Street Journal
- Japan passed $182 billion economic stimulus plan to help revive its economy Reuters
Markets
- Where Investors Went in 2013 Barron’s
Miscellaneous
- The average American donates around $2,500 per year to charity, be aware of growing online holiday charity scams CNBC