We seen great earnings reports from major companies, which gives us a sound basis for future investments. Unfortunately there is no light at the end of the tunnel for the employment situation or better to say: unemployment situation. Everybody in this respect looks to the government, but there we sure do not find the source of the issue: Companies learned to work more efficient and do not hire back the same amount of people and still get the job done.
Now we need to see this week how potent the remaining consumers are and how their spending will make the economy float above or below waters.
Here are the key news events to consider the week of August 2:
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