The Week in Review from Valeo Financial Advisors (November 8, 2013)
November 8, 2013    Disclosures    POSTED IN  Markets

US Economy 

  • GDP growth was stronger than expected, as the economy grew by 2.8%. This was the highest rate of growth in a year. Valeo Financial Advisors
  • Jobless claims decreased to 336,000 claims against 345,000 from the prior period Bloomberg
  • U.S. consumer credit increased by $13.74 billion last month, but credit card usage fell for fourth straight month as consumer spending might be slowing down Reuters
  • Personal income rose 0.5% in September, beating forecasts. September was the third consecutive month that income gains outpaced spending The Wall Street Journal

World Economy

  • The European Central Bank decreased interest rates to a record low this week. This decision came as a surprise to politicians and investors worldwide The Economist


  • What lessons have been learned from the Great Depression and Great Recession? The Economist
  • Bernanke: Why the 2008 crisis was a lot like the Panic of 1907 The Washington Post


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