The Week in Review from Valeo Financial Advisors (October 11, 2013)
October 11, 2013    Disclosures    POSTED IN  Personal FinanceInvestmentsEconomy

Personal Finance

World Economy

  • The emerging world’s share of the Fortune Global 500 biggest companies increased from 5% in 2000 to 26% in 2013 The Economist
  • Despite Spain preventing a full Euro-zone recovery, the banking sector has improved as deposits are stabilizing The Economist

U.S. Economy 

  • Jobless claims increased by 66,000 to 374,000, which was the highest level in six months as the federal shutdown is starting to ripple through the economy Bloomberg News
  • FOMC minutes released this week showed the FOMC was split on the decision to continue to taper as some members argued that the committee’s credibility was on the line if QE was not reduced Forbes
  • Federal officials are discussing how to release sensitive economic data, such as unemployment rates and productivity  numbers as officials are concerned about high-frequency/speed traders influencing market reactions The Wall Street Journal
  • The total U.S. debt is $16.8 trillion, with China and Japan  owning $1.3 and $1.1 trillion, respectively of the U.S Debt NPR
  • Housing is seasonal and sales tend to slow down when the summer ends, the school year begins, and rising interests rates may deter potential buyers The Wall Street Journal 

 

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