19 Dec Kevin M. Nast Presents: WEEKLY ECONOMIC UPDATE
| WEEKLY QUOTE“Comedy is simply a funny way of being serious.”
– Peter Ustinov
WEEKLY TIP About to do some holiday shopping? Try keeping your credit cards at home. The interest you save can be a financial gift to yourself.
WEEKLY RIDDLE A man leaves home and makes three left turns. He comes home again and sees two masked men waiting for him, but he jogs straight toward them with a smile as others cheer. Why is this man so unafraid?
Last week’s riddle:
Last week’s answer: Place the apple on one person’s head.
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December 19, 2011 JOBLESS CLAIMS FALL TO 3½-YEAR LOW HAS INFLATION PEAKED? RETAIL SALES RISE 0.2% in NOVEMBER GOLD & OIL TAKE A HIT STOCKS PULL BACK THIS WEEK: No major U.S. economic releases are scheduled for Monday. On Tuesday, we learn about November housing starts and earnings reports arrive from Nike, Oracle, ConAgra and General Mills. Wednesday brings the NAR report on November existing home sales plus earnings out of CarMax, Bed Bath & Beyond and Walgreen’s. Thursday we get the final December consumer sentiment survey from the University of Michigan, the Conference Board’s LEI for November, initial claims numbers and the final 3Q GDP estimate from Washington. Friday brings three big reports: November new home sales, durable goods orders and consumer spending.
Sources: money.msn.com, bigcharts.com, treasury.gov, treasurydirect.gov – 12/16/112,7,8,9 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 Planner 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 Bloomfield Hills, Auburn Hills, South Lyon, Westland, Northville 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. 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. LD42391-12/11 Citations. 1 – money.cnn.com [12/15/11] 2 – money.msn.com [12/16/11] 3 – www.latimes.com [12/15/11] 4 – www.usatoday.com [12/13/11] 5 – montoyaregistry.com [12/16/11] 6 – www.brisbanetimes.com.au [12/17/11] 7 – bigcharts.marketwatch.com [12/16/11] 7 – bigcharts.marketwatch.com [12/16/11] 7 – bigcharts.marketwatch.com [12/16/11] 7 – bigcharts.marketwatch.com [12/16/11] 7 – bigcharts.marketwatch.com [12/16/11] 7 – bigcharts.marketwatch.com [12/16/11] 7 – bigcharts.marketwatch.com [12/16/11] 7 – bigcharts.marketwatch.com [12/16/11] 7 – bigcharts.marketwatch.com [12/16/11] 8 – treasury.gov/resource-center [12/16/11] 8 – treasury.gov/resource-center [12/16/11] 9 – treasurydirect.gov [7/11/01] |
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