The Week in Review from Valeo Financial Advisors (September 14, 2012)
American Households
- The source of American household income has changed dramatically over the past half century. Valeo Financial Advisors
- 25% of households use payday loan or non-bank check cashing service. About 30% of Americans don’t have a savings account. About 10% don’t have a checking account FDIC
- U.S. consumer credit unexpectedly fell $3.28 billion in July Bloomberg
U.S. Economy
- The Federal Reserve will buy $40 billion in mortgage securities a month to boost growth Bloomberg
- U.S. consumer price index rose by most since 2009 in August Bloomberg
- Industrial production fell 1.2 percent in August, the largest decrease since March 2009. Chart: Federal Reserve Bank of St. Louis
Global Economy
- What is Holding Back Economic Recovery in the Developed World? CFA Institute
- Which countries buy the most U.S. made goods? Planet Money
Personal Finance
- Raising Financially Savvy Kids Forbes
Taxes
- The history of U.S. tax breaks Washington Post
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