We Know You’re Not Watching This Space

With all eyes focused on the disastrous brinksmanship playing out with regard to the debt ceiling, we know you’ll have little time for financial policy over the U.S. holiday weekend.  That’s not to say that there weren’t any important developments last week – see below for analyses thereon – nor that next week won’t be busy even if all magically turns right with U.S. fiscal policy.  We’ll be watching, analyzing, and anticipating, coming back at you Tuesday with a new Petrou memo and much more unless something so important breaks over the weekend that we feel we must interrupt what little off-time we’ll all try to find.