12 Dec Kevin M. Nast Presents: WEEKLY ECONOMIC UPDATE
| WEEKLY QUOTE“Education is the transmission of civilization.”
– Will Durant WEEKLY TIP In search of a sizable tax deduction? One idea: donate clothes, electronics and other household items to an IRS-approved charity before 2012 arrives. There are free online tools that can help you keep track of itemized deductions. WEEKLY RIDDLE Seven people stand in a square room which measures 30′ x 30′. Each one can see the entire room and everyone in it without making any physical movement (aside from eye movement). Where inside this room can you place an apple so that all but one person can see it? Last week’s riddle: Last week’s answer: Alexandra.
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December 12, 2011 CONSUMERS FEEL BETTER IN EARLY DECEMBER SERVICE SECTOR GROWTH MODERATES MORTGAGE APPS RISE ALMOST 13% GOLD & OIL RETREAT FOR THE WEEK RALLY REACHES TWO WEEKS THIS WEEK: No major economic news is scheduled for Monday (at least not stateside). On Tuesday, the Census Bureau issues retail sales data for November, a Federal Reserve FOMC meeting occurs and we have 3Q earnings from Best Buy. Wednesday, an OPEC meeting concludes. Thursday, a plethora of earnings reports roll out (Adobe, FedEx, RIM, RiteAid, Discover and Accenture) and we also get the November PPI, the latest weekly jobless claims and a report on industrial output. Friday brings November’s CPI and a speech from ECB president Mario Draghi.
Sources: cnbc.com, bigcharts.com, treasury.gov, treasurydirect.gov – 12/9/115,7,8,9 Indices are unmanaged, do not incur fees or expenses, and cannot be invested into directly. These returns do not include dividends. |
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| Kevin M. Nast is a Financial Advisor with Transamerica Financial Advisors, Inc. and may be reached at 248.347.1888 or www.Map2Finance.com.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.LD42355-12/11 Citations. 1 – www.sfgate.com [12/9/11] 2 – www.reuters.com [12/5/11] 3 – www.usatoday.com [12/8/11] 4 – blogs.wsj.com [12/9/11] 5 – www.cnbc.com [12/9/11] 6 – montoyaregistry.com [12/9/11] 7 – bigcharts.marketwatch.com [12/9/11] 7 – bigcharts.marketwatch.com [12/9/11] 7 – bigcharts.marketwatch.com [12/9/11] 7 – bigcharts.marketwatch.com [12/9/11] 7 – bigcharts.marketwatch.com [12/9/11] 7 – bigcharts.marketwatch.com [12/9/11] 7 – bigcharts.marketwatch.com [12/9/11] 7 – bigcharts.marketwatch.com [12/9/11] 7 – bigcharts.marketwatch.com [12/9/11] 8 – treasury.gov/resource-center [12/9/11] 8 – treasury.gov/resource-center [12/9/11] 9 – treasurydirect.gov [7/11/01] |
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