The Week in Review from Valeo Financial Advisors (November 27, 2015)
U.S. Economy
- The U.S. economy grew at annualized pace of 2.1% during the third quarter, up from the initial estimate Reuters
- Consumer spending in the U.S. moved marginally higher in October, while savings increased to the highest level in nearly three years CNBC
- The November consumer confidence level fell in the U.S. to a level not seen since September 2014 Bloomberg
- Weekly jobless claims, which have not reached 300,000 for the last 38 weeks, are close to a 40 year low Washington Post
Around the World
- In an effort to stimulate a weak economy Japan has proposed new social programs, including building child-care and elder-care facilities and raising the minimum wage WSJ
- Eurozone confidence levels reached a four year high MarketWatch
Personal Finance
- “10 Infamous “Last Words” of Personal Finance” The Motley Fool
- 10 of the biggest destroyers of personal wealth Financial Post