This week from the @valeofinancial Twitter feed

U.S. Economy

• The Impact of the Great Recession on the American Consumer Valeo Financial Advisors
• U.S. Trade Deficit Unexpectedly Surges on Oil Bloomberg
• Consumer Price Index: U.S. CPI -0.2% in June, first drop in a year, driven by -4.4% for energy. Core +0.3%. via Moody’s
• Local governments will put budget data online IBJ

QE 3 ???

• FOMC Minutes: Some noted it could be appropriate to provide additional monetary policy accommodation in future. Federal Reserve

Investments

• O Yield, Where Art Thou? Valeo Financial Advisors
• Lumber Prices Rising on Exports 24/7 Wall Street

Global Finance

• The links between U.S. and European banks look like a web made by an insane spider. Planet Money
• Think the Greek to Germany 10 year spread is unusual? Check out this 20 year chart Wall Street Journal
• The yield on 2-year Italian debt is rising quickly The Economist
• Ireland “junked” as Moody’s downgrades Ireland to Ba1 from Baa3 FT Alphaville 

U.S. Debt Ceiling

• The five possible debt deals on the table: Washington Post
• Moody’s puts US rating on review for downgrade Reuters
• House to Vote on $2.4 Trillion Debt Increase, Cuts Bloomberg

Financial Planning

• Retirement 3.0 (Redefining retirement post recession). How those 55+ view retirement. SunAmerica Retirement Study