Positive signs amid warning signs

Flickr photo by Napalm filled tires.

In this last, drowsy week of summer, long-term rates were unchanged: the 10-year T-note held under 3.5 percent, lowest-fee mortgages about 5.25 percent.

Summer has another three weeks to run to solstice, but it's all hands on deck next week before a late Labor Day to deal with the first August data, especially Friday's employment report. The change in payrolls announced that morning will clarify the dispute among the recovery camp, the stabilizing crowd, and the double-dippers.

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