Internationally the week has been all about waiting to see what the Federal Reserve Board Chairman will say this Friday night in the United States, then after that the outcome of numerous meetings in Europe during September. So FX rates have barely changed in the past week and interest rates have stayed well within their recent ranges.
In the China section I note weak data on manufacturing, give a link to a column I wrote regarding the American Pivot toward Asia, and make some points regarding trademarks in China. More on that topic will appear in the September Growing With China issue due out on the 20th.
This week in the lead article I discuss how there are some reasonable supporting factors for our economy, then note the week’s export and dwelling consents data.