|
|||||||||||||||||||||||||||||||
|
WEEKLY QUOTE
“The
first time someone shows you who they are, believe them.”
- Maya Angelou
WEEKLY TIP
The
“buy now, pay later” mentality is a path to excessive debt. Save now and buy
later instead.
WEEKLY RIDDLE
What
do the letter T and an island have in common?
Last week’s riddle:
Victor is assigned to paint suite numbers on doors at an office
building with 100 suites, which will be numbered from 1 to 100. How many
times will he have to paint the number 8?
Last week’s answer:
20
times – 8, 18, 28, 38, 48, 58, 68, 78, 80, 81, 82, 83, 84, 85, 86, 87, 88
(which has two eights in it), 89 and 98.
|
December 17,
2012
INFLATION DECLINES
With
gasoline costs falling 7.4% in November and energy costs dipping 4.1% on the
whole, it is hardly a surprise that the federal government’s Consumer Price
Index fell 0.3% last month – its first decline since May. Core consumer
prices rose 0.1%. The Producer Price Index also retreated 0.8% in November.
In the past 12 months, America has seen 1.8% overall consumer inflation and 1.5%
overall wholesale inflation. In AAA’s December 13 survey, unleaded gasoline
was averaging $3.29 per gallon nationally – down 68¢ from its 2012 peak.1,2
IF JOBLESS RATE HITS 6.5%, FED MIGHT
RAISE RATES
In
a remarkably specific policy announcement, the Federal Reserve’s Open Market
Committee said that the central bank would keep interest rates at historic
lows “at least as long” as unemployment exceeds 6.5% and inflation is
projected at 2.5% or less. If the jobless rate continues to fall as it has since
July, the Fed could end up adjusting rates prior to 2015. The central bank
also said it will buy more debt – it will purchase $45 billion of Treasury
bonds per month starting in January.1,3,4,5
RETAIL SALES
IMPROVE 0.3%
November’s
increase was a nice rebound from the 0.3% slip the Commerce Department had
reported for October. Economists surveyed by Bloomberg had projected a
November gain of 0.5%, however.5
STOCKS LOSE GROUND, NO PROGRESS IN
WASHINGTON
Major
stock indices declined last week as follows: S&P 500, -0.32% to 1,413.58;
NASDAQ, -0.23% to 2,971.33; DJIA, -0.15% to 13,135.01. While President Obama
and House Speaker John Boehner met privately last Thursday, there was no sign
of a fiscal cliff deal emerging in the nation’s capital. Oil settled Friday
at $86.73, and gold settled Friday at $1,697.00.6,7,8
THIS WEEK: No major
U.S. economic releases are scheduled to come out on Monday. Tuesday, a new
NAHB Housing Market Index arrives and Oracle offers a new earnings report. Wednesday,
we learn about November housing starts and FedEx, Bed Bath & Beyond, Accenture
and General Mills come out with earnings. Thursday, the final estimate of Q3
GDP, November existing home sales numbers, the Conference Board index of
leading indicators and weekly jobless claims figures complement earnings from
Nike, Micron, ConAgra, CarMax, Darden Restaurants, Discover Financial, Rite
Aid and RIM. Friday brings the final University of Michigan consumer
sentiment survey for December and reports on durable goods orders and
consumer spending for November.
Sources: usatoday.com, cnbc.com, bigcharts.com, treasury.gov, treasurydirect.gov - 12/14/126,7,8,10,11,12
Indices are unmanaged, do not
incur fees or expenses, and cannot be invested into directly.
These returns do not include
dividends.
|
||||||||||||||||||||||||||||||
|
Please feel
free to forward this article to family, friends or colleagues.
If you would like us to add them to our distribution list, please reply with their address. We will contact them first and request their permission to add them to our list. |
|||||||||||||||||||||||||||||||
|
|
|||||||||||||||||||||||||||||||
|
«RepresentativeDisclosure»
This material was prepared by
MarketingLibrary.Net Inc., and does not necessarily represent the views of
the presenting party, nor their affiliates. Marketing Library.Net Inc. is not
affiliated with any broker or brokerage firm that may be providing this
information to you. This information should not be construed as investment,
tax or legal advice and may not be relied on for the purpose of avoiding any
Federal tax penalty. The Dow Jones Industrial Average is a price-weighted
index of 30 actively traded blue-chip stocks. The NASDAQ Composite Index is
an unmanaged, market-weighted index of all over-the-counter common stocks
traded on the National Association of Securities Dealers Automated Quotation
System. The Standard & Poor's 500 (S&P 500) is an unmanaged group of
securities considered to be representative of the stock market in general. It
is not possible to invest directly in an index. NYSE Group, Inc. (NYSE:NYX)
operates two securities exchanges: the New York Stock Exchange (the “NYSE”)
and NYSE Arca (formerly known as the Archipelago Exchange, or ArcaEx®, and
the Pacific Exchange). NYSE Group is a leading provider of securities
listing, trading and market data products and services. The New York
Mercantile Exchange, Inc. (NYMEX) is the world's largest physical commodity
futures exchange and the preeminent trading forum for energy and precious
metals, with trading conducted through two divisions – the NYMEX Division,
home to the energy, platinum, and palladium markets, and the COMEX Division,
on which all other metals trade. Additional risks are associated with
international investing, such as currency fluctuations, political and
economic instability and differences in accounting standards. All information
is believed to be from reliable sources; however we make no representation as
to its completeness or accuracy. All economic and performance data is
historical and not indicative of future results. Market indices discussed are
unmanaged. Investors cannot invest in unmanaged indices. The publisher is not
engaged in rendering legal, accounting or other professional services. If
assistance is needed, the reader is advised to engage the services of a
competent professional.
Citations.
1 - www.bloomberg.com/news/2012-12-14/consumer-prices-in-u-s-decline-more-than-forecast-in-november.html
[12/14/12]
2 - www.businessweek.com/news/2012-12-13/wholesale-prices-in-u-dot-s-dot-fell-more-than-forecast-in-november
[12/13/12]
3 - www.cnbc.com/id/100311233 [12/13/12]
4 - www.federalreserve.gov/newsevents/press/monetary/20121212a.htm
[12/12/12]
5 - www.bloomberg.com/news/2012-12-13/retail-sales-increase-as-americans-snap-up-autos-electronics.html
[12/13/12]
6 - www.usatoday.com/money/markets/overview/
[12/14/12]
7 - www.cnbc.com/id/100315158 [12/14/12]
8 - online.wsj.com/mdc/page/marketsdata.html
[12/14/12]
9 - montoyaregistry.com/Financial-Market.aspx?financial-market=retirement-investment-funds&category=3
[12/14/12]
10 -
bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=12%2F14%2F11&x=0&y=0
[12/14/12]
10 -
bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=12%2F14%2F11&x=0&y=0
[12/14/12]
10 -
bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=12%2F14%2F11&x=0&y=0
[12/14/12]
10 -
bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=12%2F14%2F07&x=0&y=0
[12/14/12]
10 -
bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=12%2F14%2F07&x=0&y=0
[12/14/12]
10 -
bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=12%2F14%2F07&x=0&y=0
[12/14/12]
10 -
bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=12%2F13%2F02&x=0&y=0
[12/14/12]
10 -
bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=12%2F13%2F02&x=0&y=0
[12/14/12]
10 - bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=12%2F13%2F02&x=0&y=0
[12/14/12]
11 -
treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=realyield
[12/14/12]
11 -
treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=realyieldAll
[12/14/12]
12 - treasurydirect.gov/instit/annceresult/press/preanre/2002/ofm71002.pdf
[7/10/02]
|
|||||||||||||||||||||||||||||||
Tuesday, December 18, 2012
Economic Update for the week of December 17th, 2012
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment