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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