MUST READS Markets: Running out of steam – Economist Dow Erases 2014 Gain Amid Global Selloff – Bloomberg Wall Street Hounded By Multiple Concerns – Nasdaq Volatility Index Hits Three-Month High – Barron’s This is What Happens When the Fed Tightnes! – Comstock Funds Today’s parallels with 1914 are very worrying – Telegraph How Do You Spell “Inflation Hawks on the Warpath?” ECI Print – CEPR Why Putin Has 2006 Flash Before His Eyes After Sanctions – Bloomberg China’s factories spring to life as global trade reawakens – Reuters History Suggests China Is on Verge of Banking Crisis – WSJ Students and parents borrowing less to pay for college – CNN/Money Behold, the 17,000% overdraft charge – MarketWatch
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MARKETS/INVESTING Stocks fall further after big sell-off – USA Today Why I am now shorting this market – CNBC Why Stocks Could Fall by 50 Percent – Slate Asia stocks sideswiped, but China motors on – Reuters Why Wait? The Case for Selling Stocks Now – of two minds Treasuries Are World’s Worst Performers Before Data – Bloomberg Gold edges off 6-week low before U.S. jobs data – Reuters Gold’s Strongest Months Are August, September, November, January – GoldCore HSBC: Physical Gold Demand On Price Pullbacks May Stem Further Losses – Kitco Chinese gold jewellery demand sees first quarterly drop in 8 years – Reuters Gold Prices From 1971 To 2014 in 3 Waves – GoldSilverWorlds
ECONOMY/WORLD/HOUSING/BANKING GDP: Peeling Back More Layers – Alhambra Partners Percentage who say economy’s ‘good’ on the rise – CNN Employment Cost Index Finally Brings Wage Inflation – 24/7 Wall Street Chicago PMI plunges in biggest one-month drop since Oct. 2008 – MarketWatch BOJ’s Kuroda defends upbeat economic view despite soft data – Reuters Asian Economy: Japan’s Weak Yen Woes – Bloomberg 5 things to know about Argentine debt crisis – USA Today Argentina Unopposed to Bank Deal as Bonds Sink – Bloomberg In San Francisco’s real estate market, $1M won’t buy much – NY Daily News No-Exit Strategy May Be Fed Burden in Unwinding Stimulus – Bloomberg Fed Hawks Shake the Stock Markets on Interest Rates – Fiscal Times Plosser Says Fed ‘Well Behind’ on Rate Setting – WSJ
