Economic History

• How the Next 40 Years Is Expected to Be Different Than the Last 40 Valeo Financial Advisors
• Why the US didn’t have a financial crisis between 1934 and 2007? The Financial Times
• How taxation by government sector has changed since 1975 The Economist

U.S. Economy

• Why did the U.S. economy grow by 2.0% during the quarter – contribution by segment Valeo Financial Advisors
• GDP Rises 2%, Helped by Consumers The Wall Street Journal
• The U.S. fiscal cliff is one of the most severe austerity policies in the world Quartz

Europe

• Euro area government debt up to 90.0% of GDP at end of second quarter 2012 compared with first quarter 2012 Eurostat
• Spain’s economy shrinks for fifth straight quarter amid bailout talks Bloomberg

Markets

• S&P 500 firms’ cash balances approaching a record $1.5 trillion CNBC
• Fed says econ growth remains moderate and affirms low rates through mid-2015. FOMC statement: U.S. Federal Reserve

Personal Finance

• Money as You Grow: 20 things kids need to know to live financially smart lives Money As Your Grow
• IRS Announces 2013 Inflation Adjustments, 401k limits, gift tax exclusion and long-term care changes The Wall Street Journal

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