Retail Sales continue to wane, though my own household is certainly not to be blamed for any economic slowdown. And we are ramping up our efforts as if the upcoming August number is resting squarely on our shoulders for one reason: back to school. Since when did a kid need more than one new pair of pants and three shirts to get him through the first grade anyway?
On the other side of the globe, China is seeking to sooth its citizens and worldwide investors alike by affirming that there is no further reason that the Yuan should depreciate.
After starting lower, stocks have picked up steam and are now positive on the day–the reverse is true for bonds.