The Week in Review from Valeo Financial Advisors (September 14, 2012)
September 14, 2012    Disclosures    POSTED IN  Personal FinanceEconomy

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


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