The Week in Review from Valeo Financial Advisors (October 17, 2014)
U.S. Economy
- In the U.S. the number of people filing an initial claim for jobless benefits fell to the lowest level since 2000 Reuters
- U.S. consumer sentiment this month rose to the highest level since 2007 CNBC
- Industrial production increased by 1% last month, the biggest monthly gain in three years MarketWatch
Around the World
- Inflation in the Eurozone remains well below the European Central Banks target. Six countries experiencing outright deflation in August The Telegraph
- Credit growth in China grew last month after the central bank encouraged additional lending Bloomberg
- Japan’s increase in taxes earlier this year has led to a significant decrease in consumer spending The Economist
Personal Finance
- Why Early Retirement Often Backfires The Wall Street Journal
- Ten Money Mistakes USA Today