Rich Are Hoarding Cash -- and That's Not Good CNBC
Standard Chartered Probe Said to Require Up to $700M BL
Watch out for a correction - or worse Hulbert
Revenge of the nerds Kass Is this the rally? Mirhaydari
Global slump risk falls as world money rebounds Pritchard
“Central banks are pulling out all the stops and acting together, and that’s powerful stuff”
Uncle Ben wants us to be happy Lewis
Unfortunately, It's All About The Central Bank Saville
Another Installment Panzner
Guest Contribution: "The Making of America’s Imbalances" EB
US Dollar already went off a fiscal cliff MyBudget
Banks behaving badly La Monica Das - Pettis - Smith - Mish - Wesco Letters
The Fragility of the US Markets Lauer
Florida Estate Goes for $47 Million WSJ
Ex-TARP Watchdog: U.S. 'Pretty F*cked' HP
Federal Judge Grudgingly Approves Morgan Stanley Price-Fixing Case NYT
...even as he said that the settlement amount was too low
British banks "shamed" by US regulators Finance Asia
Rude New Yorker Angers Bank, England, U.S. Government, Etc. HP
-
Richard Meddings On U.S. Regulators HP
US corporate debt feeds investors’ hunger FT
The PC looks like it's dying Fortune
Ace Greenberg: That Wasn't Sandy Weill, It Was Borat... BL Video
Gold Trove Found at Israel Castle Reveals Crusaders’ Forex Moves BL
$10 Corn Is Coming, Top Fund Manager Says CNBC
Gas prices climb 30 cents a gallon CNN
Diamond Prices to Increase on Depletion of Mines BL
Indigestion for ‘les Riches’ in a Plan for Higher Taxes NYT
President François Hollande is vowing to impose a 75 percent tax on the portion of anyone’s income above a million euros ($1.24 million) a year
Italy stuck in downward austerity spiral Inde
Juncker: Greek exit from euro is 'manageable’ Telegraph
Siena's Financial Fiasco Downfall of a Tuscan Paradise Spiegel
Has the bear outstayed his welcome? China Daily
Electricity Use Overstates China Economic Slowdown BL
What a Weaker Yuan Says About China's Economy FT
Banks lower borrowing costs amid public relations crisis Korea Times
Iran’s Toughest Problem Is the Price of Chicken BL

Vital Signs Chart: Consumer Credit Growth WSJ
Greece Rating Outlook Cut to Negative by S&P BL
U.S. Officials in Contact with New York on Standard Chartered Reuters
Equities: A Twilight Cult Not to be Missed? Hahn
Fed’s Rosengren Urges “Open-Ended” Easing Program BL
“It would be setting a quantity that you’re going to continue to buy until you get the economic outcomes that you want”
WWIII: Great commodities war to end all wars Farrell
--
The Race for What's Left: The Global Scramble for the World's Last Resources Amazon
Euro to Beat Dollar? Draghi’s Genius Merk
"Yogi Berra" Saut The Mess We’re In Price
Wall Street Investors Search for Safety in Faraway Shelters NYT
Waiting in Vain for the Quick Fix Sachs
The High High Cost of Low Low Rates American
Anxiety Index: Stock Market Rally 'Totally Irrational' CNBC
A Matter of Trust - Part Two JimQ Baker - Keen - Smith - Mish - Bianco
Orders and Production: No Time for Complacency Outside The Box
One-on-One with Eric Sprott USAW
Social Security's Era of 'Free Money' Comes to an End AP
Fiscal Cliff Looms Large As Congress Leaves Town Fiscal Times
Fiscal cliff: What's really in it CNN
This Ultra-Bear Thinks Dow Will Drop to 3000 (Dent) CNBC Video
Why Are Investors Fleeing Equities? Hint: It's Not the Computers Sorkin
Business Cycle Monitor: Europe continues to depress global sentiment Danske
IMM positioning: EUR short unwinding has more potential Danske
Economic Indicators Review NB Financial
Iran accusations wipe $16 billion off Standard Chartered shares Reuters
Exclusive: NYSE in talks with SEC to settle data probe Reuters
Libor, Naked and Exposed NYT
Leeson: Rogue trader culture is more rife than ever Inde
Are California Munis Paying Loan Shark Rates? CNBC
“This 40-year capital appreciation bond is really a zero-coupon bond that doesn't require any payments for the first 20 years”
Good news: Earnings growth is slowing Hulbert  Earning Roundup RAlpha
This Wall Street tech deal doomed investors Weidner
Commodities Quarterly - Stronger in H2, weaker in 2013 Danske
From Resource Curse to Blessing Stiglitz
Italy Recession Deepens, Adding to Monti's Problems Reuters
Spanish, Italian yields bounce as caution sets in Reuters
Mario Draghi Cannot Save the Euro BL
Draghi and friends just want your money FT (Gross)
Europe’s Crisis of Tongues Project Syndicate
Negative interest rates spell final defeat for beleaguered savers Warner
Spanish stock exchange blacks out for 5 hours AP
2nd Tokyo Stock Exchange Error in 7 Months Halts Derivatives BL
Policy easing may be needed to reverse China's slowing growth Shanghai Daily
Banks face hurdles to refinancing needs China Daily
FDI worries 'unfounded' China Daily  Housing transactions soar 22.9% SDaily
The Curious Case of Japan in the 21st Century Forbes

New York may suspend Standard Chartered over Iran dealings Reuters
He said the bank was "apparently aided" by its consultant Deloitte & Touche LLP, which hid details from regulators...
Facebook Insiders Who Dumped Stock Just Before It Crashed DTicker
Speech by Chairman Bernanke on economic measurement FRB
Erasers Hussman
Shilling: New recession has begun MW
It’s a matter of trust - Part One JimQ
The social and economic reasons for Generation Squeezed Samuelson
Rogoff Sees World Envying America, Just a Year After Downgrade BL
The Real 'Stimulus' Record Laffer
Bill Gross is half right about equities Spengler
I don’t believe ‘em Crudele  A Monthly Snow Job? Barron’s
I never thought the numbers were fudged — until now.
Repeal of Glass-Steagall: Not a cause, but a multiplier Ritholtz
Gold fizzles - or gold fixed? Brimelow Turk
4-Year Silver Price Manipulation Probe to Be Dropped FT
Ending the probe would infuriate some US silver investors, who claim that a group of large investment banks – in particular, JPMorgan – has conspired to drive the price of silver lower.
Don’t Fall For Sandy Weill’s Crocodile Tears Cohan
Berkshire’s Cash Hoard Swells as Buffett Pares Consumer Stocks BL
Best Buy Founder Offers $8.8 Billion to Buy Out Company NYT
Soft-spoken Yellen wields outsize influence as Fed's No. 2 Reuters
Knight Said to Get $400M Infusion in Sale of Convertibles BL
Knight Capital Type “Glitch” Will Happen Again: Author CNBC
Costs, conflicts arise in Reid push for green power LVRJ
London Olympics an 'Economic Failure': Roubini CNBC
Buying Bonds against the Crisis How the ECB Plans to Use Its Bazooka Spiegel
Analysis: Euro zone action inches forward in game of chicken Reuters
Venetian cunning of Draghi-Monti masterplan may save euro for now Pritchard
Madrid has no bond auctions in August. It can in theory hold out until October...
Debt crisis threatens to break up Europe Telegraph
Monti Warns Euro Crisis Threatens EU as a Whole AP
Don't let euro zone debate turn nasty: German foreign min Reuters
Three myths that sustain the economic crisis Elliott
Greek Bank Head Transfers Personal Savings Abroad FT
Don't Expect Hidden 'Rabbits' in China's Hat This Week Reuters
Chinese prefer foreign brands China Daily
Ontario economy could be worse than California’s Yahoo
Saudi invites Iran for extraordinary Muslim summit AFP
Seven Die in Wisconsin Sikh Temple Shooting; FBI Probing BL

Wall Street Week Ahead: Positive momentum in the face of headwinds Reuters
Time to Row, or Sail? Mauldin
Think Grand Canyon Noland
Empty words from Europe's banker Fleck
Central Banks Revealed They Are Now Impotent! Harding
152 Top 10 Blue Chip Index Shows Unhealthy Market Swenlin
The Wash-Rinse-Repeat Cycle Strikes Again Puplava
Housing bubble? What housing bubble? Boston Globe
The Post Still Has Not Heard About the Housing Bubble Baker
Go for gold as stocks surge MSN  Gold Mining Healthy? ZEAL
Why this month's good jobs news won't last Fortune
Ludicrous Times Op-Ed Forgets Entire Year of Wall Street History RStone
Police Protection, Please, for Municipal Bonds Morgenson
Romney: Fed stimulus would be futile CNN
Happy Birthday, Milton Friedman, The European Crisis Is Your Latest Vindication Forbes
Doug Kass: Kill the 'Quants' Before They Kill Us CNBC
Wall Street sees Knight as software risk wake-up call Reuters
Exclusive: Fired Barclays trader draws scrutiny in Libor probe Reuters
Insider Trading Case Reveals a Dubious Scheme Dealbook
Las Vegas Sands target of U.S. money-laundering probe, WSJ says Reuters
Warren Buffett's bets on housing aid Berkshire Hathaway BL
Electronic Arts sues Zynga, says it copied "Sims" game Reuters
At half-price, Facebook still faces doubts AFP
Spain inches towards a full EU bailout Reuters
Germany’s Jobless Numbers Buck Euro Zone Trend Norris
Bond Traders in Europe Deal in High Expectations, and Fear NYT
Banks face 'wrenching times' warns RBS chief Telegraph
Why Japan Inc.’s woes may be all in the mind AP
Banks sue steel traders after loan defaults Shanghai Daily
Loonie touches parity as both gold, oil gain traction G&M
Iran test-fires missile, IRNA reports CNN

Dow Posts Longest Weekly Rally Since October on Jobs Data BL
Economy Creates 163,000 New Jobs but Rate Rises to 8.3%  CNBC
Bernanke Is Bluffing  Morici
Central Banks Can’t Save the World  El-Erian
QE3 and the Drought Yardeni
How to manage volatility as the fiscal cliff looms MW
IMF: US plunge from fiscal cliff would hit global economy hard  Guardian
Mr. Global Economy’s delusional mental state  Das
Commentary: Shaky psychology accompanies physical decline
Don’t get mad, get even!  Hulbert
San Bernardino Files Chapter 9 - SB: Not the Only Bankrupt US Town  CNBC
'Real' Unemployment Rate Shows Far More Jobless  CNBC
How about quantitative easing for the people?  Kaletsky  Panzner - Mish
The Wall Street machine is broken  La Monica
For Wall Street, Real Pain When the Fed Fails to Act  NYT
Corn Surge Is More Dangerous Than Euro Mess  Pesek
Goldman creates first US ‘social’ bond  FT
Berkshire Hathaway to reflect weak economy  MW
Analysis: Knight trading loss shows cracks in equity markets  Reuters
Will Trading Glitch Chase More Investors Away?  Smart Money
Knight Capital's Algorithmic Fiasco Won't Be The Last of its Kind  Forbes
Bull Market in Crops Extends With Spreading Drought  BL
Why China is losing the solar wars  Forbes
US Gold Medal Winners Get $8,986 Tax Bill  CNBC
Share prices crash as Draghi's 'big bazooka' falls flat  Inde
Spain, Italy back in bond market firing line  CNN
Draghi delivers  Pritchard
Wow, the ECB really is preparing to hit the nuclear button.
ECB-Politicians Anti-Crisis Bargain Emerges After 2 1/2 Years  BL
ECB President Mario Draghi offered only a glimpse of the new strategy, with the actual interventions weeks or months away and a host of obstacles standing in the way...
Elliott: After the big build-up, the almost inevitable disappointment.
China Cuts Transaction Fees for Share Trading  BL
China Powerhouse Guangdong Becomes Growth Laggard  BL
New evidence of price rises China Daily
The problem of Japans household savings  Salmon
Strong Yen Is Dividing Generations in Japan  NYT
More small shipbuilders forced into bankruptcy  Korea Times


Planned Layoffs Drop Again in July: Challenger  Reuters
Brace For An Era of Crisis Aftershocks Rosenberg
After almost four years of $1tn-plus fiscal deficits, near-zero policy rates, and a Fed balance sheet that is pregnant with triplets, how can we not have some growth, any growth?
Welcome to Dystopia! Jeremy Grantham
We are five years into a severe global food crisis that is very unlikely to go away.
Liability Driven Investing Strategies  Standish
How the Fed Took the Money Out of Monetary Policy  Baum
Wrong time to flee stocks Mirhaydari
Capital Controls or Exchange Rate Policy? A Pecuniary Externality Perspective  FRBNY
Americas Constrained Choice  El-Erian
Global Forecast Update - Foreign Exchange Outlook  Scotia
East Meets West: State Monopolists Unite  Wakefield
NYSE to Cancel Trades in 6 Stocks Affected by Glitch  Reuters
The Cartel - Behind the Scenes in the Libor Interest Rate Scandal  Spiegel
Facebook Plunge Continues as Growth Concerns Persist  BL
Sharp considering cutting 5,000 jobs worldwide: source  Reuters
Splitting the Financial Giants It's Time To Break Up Massive Banks!  Spiegel
Municipal Cuts Thrift or Long-Term Drag on Economy?  CSM
Europe and Asia weakness dents US earnings  FT
The number of companies beating revenue estimates has dropped below 50 per cent in only four other quarters: the first quarter of 2001, the fourth quarter of 2008, and the first two quarters of 2009.
Gartman: Coal Is So Bad, It's Good  CNBC
Bundesbank warns of eurozone crisis as ECB prepares to meet  Guardian
Pressure grows for Spain to agree to formal bail-out rescue  Telegraph
House prices hit by sharpest drop since 2009  Guardian
UK ministers eye nationalizing Royal Bank of Scotland: FT  Reuters
BOE Holds QE as King Assesses Expanded Crisis Toolkit  BL
BoC On Hold For A Long Time Yet, As Spare Capacity Grows  Scotia
Investors urged to stop `overreacting'  Standard
Home prices climb 0.33% in July  Shanghai Daily
US to levy duties on Chinese sinks  Shanghai Daily
US sanctions against bank 'target' China  China Daily
The US attempted to warn China with its sanction, but it does not want to  create direct conflict with China on the Iran issue either...
Iran loses $133 Million a Day From Sanctions as Oil Buoys Obama  BL

Schwab: ...whether the Fed eventually chooses to reduce interest rates further, buy more Treasuries or mortgage-backed securities, or implement some other way of injecting cash into the economy, it continues to look to us like "pushing on a string."

(Economic) Drivers, (QE) Drive By's And Dives Contrary Investor
Cult Figures PIMCO (Gross)
Several generations were weaned and in fact grew wealthier believing that pieces of paper representing “shares” of future profits were something more than a conditional IOU that came with risk. Hadn’t history confirmed it?
America's Other 30 Percent Roach
With U.S. consumers sapped of their power, private capital spending and exports must carry the country's recovery
FOMC preview: Fed likely to wait until September before easing more Danske
Dovish Fed Expected to be Mostly Talk, Little Action CNBC
Some traders say there are some market expectations for more action from the Fed Wednesday
Why Hedge Funds Are Going Mainstream CNBC
Investment Managers and Market Timing CXO
Consumer Spending Slips in June and Sets Up Soft Trajectory for 2012:Q3 NTrust
Switzerland Is 'New China' in Currencies FT
The SNB is believed to be partly responsible for recent moves in major currencies including...
'Audit the Fed' moves forward! Paul
What the Past May Tell Us About IPOs Schwab
Facebook shares 43% off IPO price USAT
Whitney: Banking To Lose 50,000 More Jobs BL Video (via SH)
UBS's huge Facebook loss throws doubt on Nasdaq plan Reuters
Libor Punishment Could Be Worse Than Crime BL
Microsoft revamps Hotmail as social-friendly Outlook Reuters
Uh oh, the world’s top gold forecasters are now split BL
Euro crisis fallout spreads as jobless rate hits record G&M
The deteriorating economic conditions – and fresh evidence of a run on Spanish banks – add greater urgency to the European Central Bank’s policy meeting on Thursday
Eurozone: September shapes up as crunch time for currency crisis Reuters
Deepening Crisis - Spain Reports Record Capital Flight Spiegel
The outflow has resulted from domestic banks sending money abroad, foreign lenders pulling out cash and mostly non-resident investors dumping Spanish assets.
China's manufacturing activity weakens in July AFP
China prepares stimulus as slump threatens East Asia Telegraph
SFO to continue controversial Robert Tchenguiz investigation Telegraph
Banks will be fined for negligent supervision Shanghai Daily
Securities watchdog calls for action against Nomura AFP
Obama tightens sanctions on banks helping Iran sell oil Reuters