Succinct summation of week’s events: Positives: 1) For asset prices ONLY, more QE from the Fed 2) Preliminary Sept UoM confidence jumps 5 pts led by the Outlook 3) MBA said refi’s rose 11.9% and purchases up 8.1% 4) NFIB small biz optimism index up 1.7 pts off lowest since Oct 5) July Business Inventories rise twice expectations and matched by rise in sales 6) German Court blesses ESM 7) UK jobless claims unexpectedly falls 8) China’s Aug loan growth rise 100b yuan above forecast and CPI, PPI, retail sales and IP about in line with estimates 9) Japanese machinery orders in July rise more than expected. Negatives: 1) ... (full story)