The Week in Review from Valeo Financial Advisors (November 22, 2013)
November 22, 2013    Disclosures    POSTED IN  Markets

US Economy 

  • Sales of U.S. existing homes drop to the lowest levels in four month as limited supply and increasing mortgage rates are restraining momentum in the housing-market Bloomberg News
  • Retail sales increased by 0.4 percent  in October as U.S. consumer spending rose more than expected Reuters
  • Claims for jobless benefits decreased to 323,000, from 344,000 last week as unemployment benefits have fallen for the fifth time in six weeks The Wall Street Journal
  • U.S. producer prices fell for a second straight month in October by -0.2 percent as weak demand is keeping inflation under Fed targets Reuters

World Economy

  • China’s central bank vows to “basically” end Yuan currency intervention Bloomberg
  • German Business Confidence Improves as Growth Continues BBC

Financial Planing

  • Over 60% of people past the age of 50 provide financial support to an adult family member. Almost no one plans for it. TIME Business & Money


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