Quote:
‘The pure products of America go crazy –
mountain folk from Kentucky
or the ribbed north end of Jersey
with its isolate lakes and
valleys, its deaf-mutes, thieves.’ William Carlos Williams (1883-1963)
The News:
US FDIC has 117 banks on its watch list and says it may have to borrow money from the Treasury and that it might increase premiums paid into its $ 45.2B fund.
The Numbers:
British Summer Time, with expectations and previous figures in brackets.
From today DE August CPI for the different German states.
07:00 DE July Import Price Index +0.6% M/M, +9.3% Y/Y, versus +1.5% and +8.9% June.
13:30 US July Durable Goods Orders (-2.1% to +2.2%, Ex-transport –2.9% to +0.6%, vs +0.8% and +2.0% June).
13:35 UD Fed’s Lockhart speaks on inflation, Georgia State University.
The Psychology:
Does anyone really know what is going on?
The Risk:
Implied volatility increases.
Today’s most interesting chart: Russian stock index
Sliding to its lowest since July 2006.
