The price of oil is down. Chinese bank lending curtailment fears have thrown the global recovery's momentum out the window for at least a day, or two? or three? Who knows.
China is a leading spear in the hope for a global recovery.
So it was bad news today and it could get worse as unemployment data comes out later on.
We do know this, the beginning of October will bring out the GDP news for the third quarter. I would suspect a lot of bets and hopes are resting on this data showing that the GDP actually expanded at least a tad in the third quarter. And that, is where it is at...
Reuters: Japan's Nikkei flat; stronger yen weighs
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