MUST READS Enough is enough in Ferguson – Vox Eurozone growth slows to a halt – BBC German GDP signals stalling euro-zone recovery – MarketWatch Italy’s Renzi must bring back the lira to end depression – Telegraph Charting Nouri al-Maliki’s turbulent eight-year tenure as Iraq’s prime minister – Quartz JPMorgan Joins Goldman in Designing Derivatives for a New Generation – Bloomberg Cisco Terminates 8% Of Workforce While Buying Back $1.5 Billion In Stock – Zero Hedge Brown Signs $7.5 Billion Plan to Ease California Drought – Bloomberg Canadian dollar nears 92¢ again (but hold that thought) – Globe & Mail Richer, But Not Happier: Hong Kong’s Quality of Life Drops – WSJ These guys used to issue the world’s reserve currency too – Sovereign Man The oil spike that wasn’t: Prices defy global turmoil – CNBC I’m 57 and owe $152,000 in student loans – CNN/Money
MARKETS/INVESTING Here’s why stocks can keep going higher – CNBC 30 reasons not to worry about a stock market crash – MarketWatch Junk Bonds Gain Favor as Europe’s Banks Reduce Lending – NY Times Blackrock Examines The High-Yield Bond ETF Exodus – Barron’s German bond yields drop below 1% for first time – MarketWatch U.S. 30-Year Bonds Outperform Stocks in 2014 Before Sale Today – Bloomberg Gold down as Putin comments help shares; soft data, dollar limit losses – Reuters Total Gold Demand Falls 16% Year-Over-Year To 963.8 Tons In Q2 – Kitco Global gold demand returning to positive long term trends – Mineweb India Gold Imports Seen Dropping as Rajan Protects Rupee – Bloomberg London gold fix lawsuits to be consolidated in New York – Reuters U.S. gold stocks jump to highest since March 2013 as demand wanes – Reuters
ECONOMY/WORLD/HOUSING/BANKING It Really Is Deflating – Alhambra Partners The Middle Class Is A Power Behind Wage Inequality – Forbes What should the European Central Bank actually do? – Marginal Revolution China’s retail sales maintain steady growth in July – xinhuanet Chinese Buyers Are Driving a Boom in Australian Real Estate – WSJ Stated income loans make comeback as mortgage lenders seek clients – Reuters Levine on Wall Street: Repo Fails and Defaulted Mortgages – Bloomberg Boston Fed Chief Warns of Dangers to Repo Market – NY Times One of the biggest cracks in the financial system still isn’t fixed – Quartz How The Fed Turned A Flood Of Treasuries Into A Scarcity Of Repo Collateral – Contra Corner Uh-oh: Trouble is brewing again in the repo market – CNBC
