The Week in Review from Valeo Financial Advisors (November 22, 2013)
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
Miscellaneous
- “Stupid Things Finance People Say” The Motel Fool