MUST READS Milestone watch: 2000 on S&P 500 – USA Today Draghi Pushes ECB Closer to QE as Deflation Risks Rise – Bloomberg Pressure builds within Fed to signal new policy course – Reuters More Economists See Fed Policy As Too Loose – WSJ Fed’s Lockhart not convinced economy ready to lift off – MarketWatch Janet Yellen’s Fed is more revolutionary than Ben Bernanke’s ever was – Quartz Broken Links: The Growing Gap Between Wall Street and Main Street – Hussman Funds Retirees’ Social Security checks garnished for student loans – CNN/Money Government Dependency In U.S. Nears The Tipping Point – IBD The Pitchforks Are Coming… For Us Plutocrats – Politico Look to ‘The Simpsons’ for economics lesson – Boston Globe Piketty’s Errors Mirror Marx’s, Paper Finds – WSJ Reflexivity, Bubbles and Profits – Prudent Bear Krugman’s Kryptonite – NY Sun
MARKETS/INVESTING Global stocks mostly up on stimulus outlook – AP Yield-Starved Investors Take Bigger Risks – WSJ You are your portfolio’s worst enemy – MarketWatch The Decline and Fall of Fund Managers – WSJ Hey, America — Do you believe in (market) magic? – MarketWatch Treasuries Rise as European Rally Boosts Relative Value Appeal – Bloomberg Gold near 2-month low on stronger dollar, interest rate expectations – Reuters China’s Hong Kong gold imports drop – fifth month in a row – Mineweb Gold Is the Money of Kings, Debt the Money of Slaves – FSO Why The Gold Price Is Trendless – GoldSilverWorlds
ECONOMY/WORLD/HOUSING/BANKING Unemployed take their case to Fed officials at Jackson Hole – Reuters Nobel-winning economists challenge conventional thinking on recovery – Guardian Kuroda Douses Japan Stimulus Expectations – WSJ French PM Manuel Valls cabinet falls amid economy row – BBC China’s Embrace of Markets Is Responsible for Its Growth – Caixin Online German business-confidence weaker than expected – MarketWatch Here’s How Your Laptop Is Manufactured in China – WSJ Chin policy change kills Coastal California housing market – OC Housing News Central bankers struggling to say no to easy-money policies – Australian What did quantitative easing accomplish? – Econbrowser The Jackson Hole Snoozefest – Alhambra Partners Nightmare of debt deflation stalks Europe – FT
