The Week in Review from Valeo Financial Advisors (July 24, 2015)
U.S. Economy
- Jobless claims fall to 42-year low, but labor participation rate falls to 38-year low. USA Today and CNBC
- Existing home sales near 8-year high. CNBC
- Spending on college education increases for the first time in 5 years. Reuters
Around the World
- Capital controls weaken and business conditions improve in Greece. Reuters
- Pros, cons, and impacts of the Trans-Pacific Partnership trade deal as it enters the final round of talks. Economist
- Ukraine extends creditor talks to avoid default after year of turmoil. CNBC
- IMF warns Japan over its massive debt level. CNN Money
Personal Finance
- Borrowing from your 401k can have damaging consequences for your retirement. Reuters
- Backdoor Roth IRAs can be beneficial for high earners. USA Today
- Tips for organizing your finances. Yahoo Finance