MUST READS Japan’s economic revival is in jeopardy – CNN/Money Italy’s CPI has first yearly fall since 1959 – MarketWatch Inflation falls to 0.3 percent in countries that use euro – AP How Draghi Seeking QE Trade-Off May Find Austerity Trap – Bloomberg Labor Day: Raising the Minimum Wage Stiffs the Poor – Time Ukraine Leader Accuses Moscow as ‘15,000 Russian Soldiers Join Separatists’ – Newsweek Despite Aggressive Deleveraging, Generation X Remains “Generation Debt” – St. Louis Fed Special Report: The billion-dollar fall of the house of Espirito Santo – Reuters Understanding Your Real, Real Returns – Pragmatic Capitalism The Bubble is in Cash, Not Stocks… – Capitalist Exploits California’s Underground Water War – Atlantic The Killing Fields – aucontrarian
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MARKETS/INVESTING Stock markets subdued after weak economic data – AP Bulls Pour Funds Into Russian ETF – Barron’s Swedroe: Why Care What Hussman Forecasts? – ETF.com Edwards: The Buyback Party Is Over…Market Now Running On Fumes – Zero Hedge Morgan Stanley plans natural gas export plant in new commodities foray – Reuters Treasury Market Rally Is Stronger Than Every Economist Predicted – Bloomberg Gold edges lower as European stocks recover lost ground – Reuters CFR: “Central Banks Should Give Money Directly To The People” – GoldCore Gold-Price Indicator Fading as ETPs Tumble by $71 Billion – Bloomberg Precious Metals Markets: China vs US – BullionStar The Myth of the Unchanging Value of Gold – Mises
ECONOMY/WORLD/HOUSING/BANKING Modern Economic Theory Is Rotten To the Core – Real Clear Markets GDP Revisions Actually Show A Much Smaller Economy – Alhambra Partners The countries with the biggest labor forces – MarketWatch Japan economy stalls as incomes, spending languish – AP Schaeuble Sees Draghi’s Instruments for Growth Exhausted – Bloomberg Economists React: Japan’s Economy Stagnates in July – WSJ Canada’s Economy Grows at Fastest Pace in Almost 3 Years – Bloomberg Manhattan Condo Resale Prices Reach Record High – Bloomberg Let’s hope Yellen can avoid the Great Inflation of the 2010s – MarketWatch Yellen Wealth Grows as Rising Financial Markets Lift Assets – Bloomberg Fed Job Index a Year Away From Normalcy – WSJ The Fed’s “Mutant, Broken Market” – Zero Hedge
