The Week in Review from Valeo Financial Advisors (May 29, 2015)
May 29, 2015    Disclosures    POSTED IN  Markets


U.S. Economy

  • A revision to first quarter estimate of growth in the U.S. shows that the economy contracted NPR
  • Accelerating housing market supported by strengthening labor market Reuters
  • The median price for a new home sold last month came in just under $300,000 The Wall Street Journal
  • The US jobless claim rose unexpectedly by 7,000 claims CNBC

Around the World

  • European negotiations to provide aid to Greece are stagnant even as IMF payments loom Bloomberg
  • China reversed its financial reforms to reduce local debt in order to continue borrowing and bolster the economy Bloomberg
  • Canada’s economy contracted during the first quarter, the first decline in economic activity since 2009 Bloomberg

Personal Finance

  • Assessing 529 college savings plans Reuters
  • The majority of homeowners and renters are under-insured USA Today
  • Understanding the collection of social security benefits The New York Times
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