MUST READS Game on for economic data watch -USA Today Ending an Unhealthy Obsession With the Fed – Bloomberg Why the Federal Reserve has to raise interest rates – NY Post It’s the end of Goldman Sachs as we know it – CNBC Investment banks have cut 20pc of their staff in the last five years – Telegraph Lawsuit accusing 16 big banks of Libor manipulation reinstated by US court – Guardian ‘New age’ for oil prompts Citi to raise 2017 forecast to $65 – MarketWatch Saudi Arabia’s New Oil Plan Shows It’s Just Not That Into OPEC – Bloomberg How Donald Trump’s Net Worth Jumped in the Past 10 Months – Fortune Trump in 2007: ‘I’m Excited’ for Housing Market Crash – CNBC Republicans Pretend to Like Trump – Bloomberg Clinton declines to debate Sanders in California – CNN Sanders: Democratic convention could be ‘messy’ – AP
MARKETS/INVESTING Stocks: 4 things to know before the open – CNN/Money Asia stocks extend global losses on oil price drop – CNA The bond market stares down the Federal Reserve – CNBC Dollar Rally Gathers Pace, Commodities Drop on Fed – Bloomberg Stock Share Buybacks Now Bought Out – The Great Recession Blog 5 things rich people do with money — that you should be doing – MarketWatch Gold hits 3-1/2 week low as U.S. rate hike outlook weighs – Reuters Is this the Gold Buying Opportunity Investors Are Looking For? – US Funds This could send gold tumbling below $1,000 again, Citi says – MarketWatch
ECONOMY/WORLD/HOUSING/BANKING What Does It Mean To Be Poor? – Spiegel Zombie Economy Soon to Have its Zombie Epocalypse – SafeHaven Overtime Regulations Disproportionately Harm Young People and Startups – Mises Mark Carney doubles down on Brexit recession risk warning – Independent IMF demands ‘unconditional’ debt relief for Greece, targets out of reach – Telegraph Ivy Leaguers Keep Grip on Colombia Economy as Drug Chaos Spreads – Bloomberg Toronto real estate gimmickry hits the limit of our patience: Keenan – The Star UK Housing Market Resilient Despite Brexit Uncertainty – London South East Homeowners boost US economy by spending less on mortgage debt – OC Housing News Why Has The Fed Failed To Generate Inflation? – Forbes
