- The economic crisis will solve itself, climate change won’t. Financial Times. I agree.
- July “was the only month in the last 400 in which European stocks, the German 10-year bund and gold rallied by more than 2.5%.” BCA Research via Buttonwood
- But with Draghi keeping his powder dry, is Europe turning Japanese? Economist
- Syrian PM sacked, reported to defect. Al Jazeera
- ‘Al Qaeda’ kills 45 in Yemen. AFP
- 48 Iranians seized by rebels in Syria. Al Jazeera. Have Sunni extremists kidnapped Shia pilgrims, or have freedom fighters taken Revolutionary Guards?
- Kremlin signs oil deal with Damascus. Moscow Times
- Saudi Arabia goes to battle stations. Washington Post
- Middle East heats up: And Obama does nothing. McCain, Liebermann and Graham
- And tensions rise in the South China Sea. Wall Street Journal. Always wonder if this could escalate while the US is distracted elsewhere
- CFTC silver manipulation investigation may be dropped. Chicago Tribune. You can go to ZeroHedge http://www.zerohedge.com/ to read the conspiracy theories.
- Midwest heatwave hits fisheries. Wall Street Journal
- Firms fear tax hikes on Congress debt impasse. NY Times. Tax hikes are the least of their worries…
- Knight Capital given $400 million lifeline. Reuters.
- Germany’s Ökonomenstreit. Economist
- And the Thomas Becket of that ideological war is Jens Weidmann. Financial Times
- Meanwhile, in the battle for the ECB, Germany wants control. WSJ
- Is this Chinese sub-prime? Reuters
- China’s political paralysis. Project Syndicate
- But others are optimistic on Chinese reform. Eswar Prasad
- And here’s some cause for optimism on Chinese growth: a falling RMB. Beyond Brics
- So, are Chinese stocks at the bottom? Bloomberg. Chris Becker has more to say on this.
- Un-incredible India. Financial Times
- More links in the daily “China Links post”
- Gunns mill in fresh doubt. Business Day
- GetUp joins attack on Labor media reforms. The Australian
- AUD stronger for longer says ex-IMF chief. Financial Review
- And here’s a technical look at the AUD. Market Anthropology
- ASX calls for regulation on Dark Pools. Financial Review. If only because it’s stealing the exchange’s business.
- Curiosity lands on Mars. Reuters
- Reviving rural Russia. Project Syndicate
- Five myths about the middle class. Washington Post
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