Truth in Wealth Building

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2.9 million nonfatal workplace injuries and illnesses

The University of Michigan’s index of consumer sentiment fell in November, but remains at its second-highest level of the year. The index stands at 97.8 which is off from October which was 101.1, the highest level since 2004. The report supports a forecast of personal consumption spending rising 2.7% in 2018. Nordstrom had a third…

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Open jobs in October was the second-highest on record

Google is adding 8,000 sf to the 18,000 sf they already occupy in downtown Portland. The tech giant opened the location in 2010. Google now employs 60 people at the location. (OregonLive) Summit Bank, with headquarters in Eugene and an office in Bend, reported profits of $955,000 in Q3. That is a 13.7% increase year…

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Affordable lab-grown meat

The Dow and S&P 500 are riding eight straight weekly gains. The Nasdaq has notched six positive weeks in a row. This year, the Dow closed at 57 all-time highs, the S&P at 52, and the Nasdaq at 64. That is an all-time record for the Nasdaq. (CNBC) The largest solar power plant in Oregon…

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The tax proposal has been released

Digging in a little deeper into Fridays big job report, October saw a 261,000 increase in nonfarm payrolls. September’s initially reported loss of 33,000 jobs was adjusted to an 18,000 gain. The unemployment rate ticked down to 4.1% from 4.2%. But the major driver of the move lower was a decrease in the labor participation…

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US economy added 261,000 new jobs

The Department of Labor says the US economy added 261,000 new jobs in October rebounding from the hurricanes. The private sector accounted for 252,000 of the increase. The unemployment rate stands at 4.1%. Bank of England raised interest rates for the first time in a decade yesterday to 0.5% from 0.25%. (Bloomberg) The Labor Department…

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Longest streak using data back to the 1930s

We’ve noted many times how the action so far this year is like nothing we’ve seen for decades, as it is a bull market amid historically low volatility. Well, here’s another way to show that. The Dow has officially gone 52 consecutive trading days without a 1% intraday move–the longest such streak using data back…

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