The US Debt debate seems so long ago and it has not even passed the Senate yet! Capital market’s is already turning its focus away from the ‘deal’ to global economic deceleration concerns and this weeks jobs report. A US report this morning is forecasted to show personal spending stagnated in June, a day after US manufacturing survey data fell to a new two-year low. The repercussions from the ‘bill’ signing will be more spending cuts and an economic activity slowing further as a result. Bernanke, can we say QE3? Collectively, investors will now need to readdress their global growth expectations for the second half of ... (full story)