August 15th. That's the day investors have to give notice to thousands of hedge funds in the United States if they want to withdraw money. Potentially could cause more selling in the markets if there are quite a few redemptions. Probably, if there is an issue, it is those hedge funds that focus on the debt markets.
On a side note, what an interesting day yesterday. The Fed really didn't go to a neutral statement like I thought they would or like the market supposedly wanted. For me this added confidence in Bernanke. Showed they are going to hold the line and protect against inflation which I think is an overall longer term danger than the short term pain felt from the housing fallout.
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