- July NFP surprises upside
- US debt ceiling is raised
- Fitch and Moody’s reiterate AAA US rating with caveats
- S&P downgraded US rating from AAA to AA+
- ECB may start buying Italian and Spanish debt
- ISM mfr’g and services in US both soften further
- PMI in China, India, Taiwan, Europe/UK all weaken
“If one dream should fall and break into a thousand pieces, never be afraid to pick one of those pieces up and begin again.” Flavia Weedn
