The combination of a credit contraction in the U.S. and waning growth in China does not bode well for global economic growth at all. (Keep watching "Dr. Copper")
The debt ceiling debate will be important, but not until we get closer to the X-date.
Therefore, this week’s focus will be on the U.S. consumer.
We’re seeing more evidence of slower growth in China. That’s not good for global growth.
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