Headlines Discussed at LNWM’s Monday Morning Briefing
Week of Jan. 27 – Feb. 2, 2014

• U.S. GDP grew a stronger-than-expected 3.2% in fourth-quarter 2013, according to initial estimates, due to higher personal spending by consumers (+3.3%) and fixed investment by businesses (+3.8%), as well as especially strong export growth (+11.4%).
• Turkey’s central bank raised the overnight lending rate to 12%, up from 7.75%, in an attempt to halt devaluation in the currency (the lira).
• South Africa raised its overnight lending rate for the first time since 2008, to 5.5% (up from 5%).
• “Bitcoin Millionaire” Charlie Shrem, the CEO of BitInstant, was arrested on money laundering charges.

Disclaimer: Clicking on any of the above links will take you away from the Laird Norton Wealth Management web page and to the source page. While we believe the information in these articles is relevant, we cannot guarantee its accuracy or completeness.