|John J. Barrios, CFP® Presents:|
WEEKLY ECONOMIC UPDATE
“A happy person is not a person in a certain set of circumstances, but rather a person with a certain set of attitudes.”
If you’re going to start a home-based business, make sure your local zoning regulations permit it. The Small Business Administration’s website has an overview (Zoning Laws for Home-Based Businesses).
Two trains are crossing America from coast to coast, traveling over 3,000 miles of track. The Gentle Zephyr is going west at 70mph; the Western Wind is headed east at 80mph. So which train will be closer to the east coast when they roll by each other in Kansas?
Last week’s riddle:
Last week’s answer:
|July 25, 2011
CRUNCH TIME ON CAPITOL HILL
LESS HOMEBUYING, MORE HOMEBUILDING
Existing home sales declined by 0.8% in June, according to the National Association of Realtors. They were down 8.8% from a year ago, when the federal homebuyer tax credit was poised to expire. In better news, U.S. housing starts were up 14.6% for June and up 16.7% year-over-year.4,5
GOLD TOPS $1,600, OIL SETTLES NEAR $100
STOCKS ADVANCE 2.2% IN 5 DAYS
THIS WEEK: On Monday, earnings roll in from Netflix, Broadcom and Texas Instruments. Tuesday brings a new S&P/Case-Shiller Home Price Index, June new home sales data, the Conference Board’s July Consumer Confidence Index and 2Q results from GlaxoSmithKline, Ford, Deutsche Bank, BP, US Steel, 3M, UBS, UPS and Amazon. Wednesday we get a new Federal Reserve Beige Book, June durable goods orders data and earnings from ConocoPhillips, Boeing, Delta, AutoNation, Aetna, Dow Chemical, Visa, Aflac, Symantec and WholeFoods. Thursday brings earnings from Credit Suisse, ExxonMobil, DR Horton, DuPont, Kellogg, Starbucks, Bristol-Myers Squibb, Motorola, Time Warner Cable, Sprint and MetLife plus weekly initial and continuing claims numbers. Friday offers 2Q results from Chevron and Merck and the final University of Michigan consumer sentiment survey for July.
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|John Barrios is registered to offer securities through First Heartland Capital, Inc. Member FINRA & SIPC, and offer advisory services through First Heartland Consultants, Inc. Barrios Financial Services is not affiliated with First Heartland Capital, Inc.
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1 – latimes.com/news/politics/la-pn-senate-debt-vote-20110722,0,581804.story?track=rss [7/22/11]
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