S&P downgrade of US government debt, Thursday's
512 point and today's 600+ plunge on the Dow and
unstable governments and markets all around the
world caused for great concern by all.
Here is what's coming up this week:
1) Tomorrow the Federal Reserve's Open Market
Committee meets to discuss interest-rate
policy. The last week of August the Fed
will hosts its annual central banking
conference in Jackson Hole, Wyoming. It
should be interesting.
2) On Wednesday, we get data on mortgage
applications, a quick read on whether
real estate is stabilizing.
3) On Wednesday, wholesale inventory data
is released (it has been creeping up
since 2009. This is a sign that businesses
expect an uptick in consumer spending.
Sheila McKinney
