And That’s The Week That Was

August 27, 2007 |

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Attached/linked please find And That’s The Week That Was…the Brounes & Associates market/economic commentary for the week ended August 24, 2007.  The summer is winding down; folks are planning for one last Labor Day vacation getaway; schools are back in session; the NFL season is upon us.  And, yet, the business news of the day never seems to change.  Subprime, Countrywide, Fed actions, flight-to-quality…its beginning to sound like a broken record.  Subprime, Countrywide, Fed actions, flight-to-quality…its beginning to sound like a broken record.  Well, for a change, this week’s market movements had a positive feel (unless you owned the 3-month t-bill) as investors took another flier on equities.  There was a short-lived rumored Warren Buffett sighting, a Bank of America-led “bailout,” and some decent releases on the economic front.   At this point, we will take any positive news we can get.

Coming up in the week ahead:  Existing Home Sales (Monday), Consumer Confidence (Tuesday), GDP (Thursday), Personal Spending/Income (Friday)
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