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Eekly Conomic Pdate: Doug Potash Presents
Eekly Conomic Pdate: Doug Potash Presents
WEEKLY QUOTE
We become what we think about. - Earl Nightingale
WEEKLY TIP
A good FICO score can really pay off. A credit score of 750 or higher may help you get a home loan at the best available interest rate, positioning you to save tens of thousands of dollars in the long run.
While conceding that the Federal Reserves current stimulus effort will not continue indefinitely, Federal Reserve chair nominee Janet Yellen sounded decidedly dovish at her confirmation hearing in the Senate last week. Supporting the recovery today is the surest path to returning to a more normal approach to monetary policy, she noted, which global markets took as a signal that tapering was not in the immediate future. The S&P 500 hit a new record close after her comments Thursday; gold and silver futures and the MSCI Emerging Markets Index all rose 1.4% on the day.1
While demand was reasonably high at the new online health insurance exchanges in October (975,000+ people found that they were eligible for coverage), total enrollment for the month was just 106,000. As tweaks continued to be made to healthcare.gov, President Obama announced that insurers dont yet have to cancel plans that fail to meet Affordable Care Act standards. Friday, the House passed a GOP bill that would let insurers offer such policies to new customers as well as existing ones in 2014; President Obama has indicated he will veto this bill.2,3
WEEKLY RIDDLE
What common English-language word becomes shorter when you make it longer?
Last weeks riddle: I am only one syllable long and too heavy for one person to lift, but if you reverse me I am not. What am I? Last weeks answer: A ton.
10 YR TIPS
0.53%
-0.80%
2.87%
1.87%
6,7,8,9
Sources: USATODAY.com, bigcharts.com, treasury.gov - 11/15/13 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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Citations.
1 - bloomberg.com/news/2013-11-13/asian-futures-heed-u-s-rally-as-yelen-boosts-treasuries.html [11/13/13] 2 - washingtonpost.com/blogs/plum-line/wp/2013/11/13/what-the-obamacare-enrollment-numbers-really-tell-us/ [11/13/13] 3 - usatoday.com/story/news/politics/2013/11/15/house-cancelled-plans-bill/3576071/ [11/15/13] 4 - sfgate.com/business/bloomberg/article/U-S-Stocks-Rise-on-Fed-Bets-Amid-Industrial-4985720.php [11/15/13] 5 - fxstreet.com/news/forex-news/article.aspx?storyid=5f3ccc1a-1b74-482b-b7fe-37046d8e5fc4 [11/15/13] 6 - usatoday.com/money/markets/overview/ [11/15/13] 7 - bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=11%2F15%2F12&x=0&y=0 [11/15/13] 7 - bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=11%2F15%2F12&x=0&y=0 [11/15/13] 7 - bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=11%2F15%2F12&x=0&y=0 [11/15/13] 7 - bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=11%2F14%2F08&x=0&y=0 [11/15/13] 7 - bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=11%2F14%2F08&x=0&y=0 [11/15/13] 7 - bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=11%2F14%2F08&x=0&y=0 [11/15/13] 7 - bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=11%2F14%2F03&x=0&y=0 [11/15/13] 7 - bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=11%2F14%2F03&x=0&y=0 [11/15/13] 7 - bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=11%2F14%2F03&x=0&y=0 [11/15/13] 8 - treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=realyield [11/15/13] 9 - treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=realyieldAll [11/15/13]
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