MUST READS Yellen may face grilling on Fed rate hike plans – USA Today What to Watch for in Yellen’s Testimony This Week – WSJ Draghi Seen Handing $1 Trillion to Banks in ECB Offer – Bloomberg Traders look for Yellen to push S&P500 over 2,000 – Arabian Money How Janet Yellen is redefining the Fed – New Yorker CNBC’s Rick Santelli Loses It Over Fed Policy – Time Santelli’s Rant Shows What Janet Yellen Is Up Against – New Republic Santelli Slams Fed: “Not Created To Be A Feel-Good Institution” – Zero Hedge Top 1 Percent Is Even Richer Than Surveys Say, ECB Paper Finds – Bloomberg China Joins Furor Over Fox News Host’s ‘Chinaman’ Comments – WSJ The Old Regime and the French Revolution – aucontrarian Collision Course – Reformed Broker
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MARKETS/INVESTING Futures up on J.P. Morgan, Goldman beats – MarketWatch JPMorgan earnings: Thanks, Main Street! – CNN/Money Goldman Sachs earnings rise, beating estimates – USA Today Stocks or Gold? Choice Has Been Relatively Easy – Ciovacco Capital In Bizarro Market, stocks rise along with pessimism – MarketWatch Treasuries Halt Steepest Drop in a Week Before Yellen Testimony – Bloomberg Gold edges up, still near 4-week low ahead of Yellen, U.S. data – Reuters U.S. Exports More Gold To Hong Kong Than It Produces – SRSrocco Report Chinese Gold Demand 973 MT YTD, Copper In Backwardation – BullionStar Gold and silver smashdown: More to come? – Mineweb The Silver Conspiracy – GoldSilverWorlds
ECONOMY/WORLD/HOUSING/BANKING U.S. Jobless Rate Closing in on Nairu Estimate – WSJ U.K. inflation in sharp rise to 1.9% in June – BBC Singapore’s Q2 GDP growth slows to 2.1% – Channel News Asia Germany Prepares Further Spying Clampdown – Spiegel China’s Property Market is Now Past the Tipping Point – Forbes Mark Carney grilled on rising house prices: as it happened July 15, 2014 – Telegraph Fitch calls for more action in ‘overvalued’ Canadian housing market – Financial Post Phoenix Housing Market Hit By Unprecedented Plunge In Demand – Housing Wire Should the Fed crash the economy now to prevent a crash later? – Noahpinion Looks like the Fed wants to have even more power – CNBC ECB caught up in economists’ spat – FT
