And That’s The Week That Was: August 31, 2007

September 1, 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 31, 2007.  Is anyone out there?  After a few days of “stalking” Dr. Bernanke and overanalyzing his every move, investors headed out for their last vacation of the summer.  A hectic week on the economic front was overshadowed by some serious Fed-speak (minutes, letters, speeches) and everyone seems to be speculating nonstop on the actions at the next policy meeting.  (Even W joined the fray with some lending ideas of his own…any chance of his becoming a Fed governor after his term expires?)  Volatility, in the form of triple-digits moves on the Dow, remained the norm this week and cautious investors continue to seek the safe-haven of the short (and sweet) end of the treasury curve.   A few new deals were announced, though the torrid pace of the first two quarters has definitely slowed.  Enjoy the day off.  (How soon until Columbus Day?) 

Coming up in the week ahead:  Construction Spending (Tuesday), ISM – Manu (Tuesday), Fed Beige Book (Wednesday), ISM – Services (Thursday), Unemployment/Nonfarm Payroll Additions (Friday)
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