21 Sep Kevin M. Nast Presents: WEEKLY ECONOMIC UPDATE
| WEEKLY QUOTE“When you come to the end of your rope, tie a knot and hang on.”– Franklin Delano Roosevelt
WEEKLY TIP Consolidating your banking and money management accounts at one institution could mean fewer or lower banking fees, and maybe some perks as well.
WEEKLY RIDDLE You have 9 seemingly identical cubes before you. You are told that one is heavier than the other eight. Using a two-pan balance scale only twice, how can you pick out the heaviest cube?
Last week’s riddle:
Last week’s answer: The letter R.
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September 19, 2011 CPI, PPI TELL DIFFERENT STORIES RETAIL SALES UNCHANGED FOR AUGUST CONSUMERS FEEL A BIT MORE OPTIMISTIC GOLD DROPS, OIL ADVANCES CENTRAL BANK PLEDGE GIVES STOCKS A LIFT THIS WEEK: Monday, markets will be poised to respond to the weekend efforts of Eurozone finance ministers (and Treasury Secretary Timothy Geithner) to craft possible solutions to the EU’s sovereign debt problems; also, Lennar issues earnings. Tuesday, we get data on August housing starts and results from Adobe, ConAgra and Oracle. Wednesday, the Fed’s September policy meeting wraps up, and August existing home sales figures and earnings from General Mills arrive. On Thursday, Nike, FedEx, Discover, Cintas and CarMax issue results; new initial claims figures come in along with September’s Conference Board LEI index. KB Home announces earnings on Friday.
Sources: online.wsj.com, usatoday.com, bigcharts.com, treasury.gov, treasurydirect.gov – 9/16/118,9,10,11 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 and the President of NastGroup Financial in Northville, MI 48167. He may be reached at nastgroupfinancial.com or 248.347.1888. Kevin also services clients in Farmington Hills, Bloomfield Hills, Auburn Hills, South Lyon, Westland and the surrounding metro Detroit area as well as 13 additional states across the US.This material was prepared by MarketingLibrary.Net Inc., and does not necessarily represent the views of the presenting party, nor their affiliates. 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.
LD41588-09/11 Citations. 1 – latimesblogs.latimes.com [9/15/11] 2 – news.briefing.com [9/14/11] 3 – nytimes.com [9/14/11] 4 – news.morningstar.com [9/16/11] 5 – blogs.wsj.com [9/16/11] 6 – blogs.wsj.com [9/16/11] 7 – cnbc.com [9/15/11] 8 – usatoday.com [9/16/11] 9 – bigcharts.marketwatch.com [9/16/11] 9 – bigcharts.marketwatch.com [9/16/11] 9 – bigcharts.marketwatch.com [9/16/11] 9 – bigcharts.marketwatch.com [9/16/11] 9 – bigcharts.marketwatch.com [9/16/11] 9 – bigcharts.marketwatch.com [9/16/11] 9 – bigcharts.marketwatch.com [9/16/11] 9 – bigcharts.marketwatch.com [9/16/11] 9 – bigcharts.marketwatch.com [9/16/11] 10 – treasury.gov [9/16/11] 10 – treasury.gov [9/16/11] 11 – treasurydirect.gov [7/11/01] 12 – montoyaregistry.com [9/16/11] |
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