The Week in Review from Valeo Financial Advisors (November 1, 2013)
November 1, 2013    Disclosures    POSTED IN  Economy

US Economy 

  • Consumer confidence reached a six-year high in the third quarter, as job prospects and personal finances improved Reuters
  • Net worth as a percentage of disposable personal income is closing in on levels reached in 1999, but remains below 2004-2007 FRED
  • Owners’ equity in real estate as a percentage of household real estate returned to pre-recessionary levels for first time during Q2 FRED
  • Initial jobless claims decreased by 10,000 to 340,000 Reuters
  • U.S. consumer prices rose 0.2% in September, suggesting there is still little sign of inflation CNBC
  • Federal Reserve officials will meet on December 17-18 to determine the future of Q.E, as lackluster job growth was the main reason to postpone tapering The Wall Street Journal

World Economy

  • The European Union recently hinted at cutting its spending for the first time ever, saving approximately $47 billion over seven years The Economist
  • Japan’s gross national debt stands over 200% of GDP, the highest ratio in developed countries, as personal consumption taxes are expected to rise in hopes of stabilizing finances The Economist


  • Large banks have agreed to pay more than $66 billion in settlements over credit crisis-related cases The Wall Street Journal 
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