Hot Links: Megacity Blues Posted July 20, 2015 by Joshua M Brown What I'm reading this morning: Morgan Stanley delivers a blowout quarter (Bloomberg) Barclays is about to layoff 1 in 4 employees (Bloomberg) Dodd-Frank turns five years old. No one is especially proud of it. (Real Time Economics) China wasn't exactly hoarding as much gold as the bugs wanted to believe they were (Wall Street Journal) Gold plunges to its lowest levels since 2010. Don't worry, the dividend yield goes up. (Bloomberg) Beijing is becoming the center of a megacity that will be the size of Kansas with six times the population of NYC (New York Times) I have some quotes in this story on Carl Icahn's junk bond ETF remarks (USA Today) The first half of 2015 again brought hedge funds little in the way of relief from their historically poor performance. (ETF.com) Brian Gilmartin makes the bull case for the S&P 500 from here (Fundamentalis) Ed Yardeni: Productivity is not as weak as you think (Dr. Ed's Blog) What’s The Biggest Risk Right Now? (A Wealth Of Common Sense) There's no such thing as free, even unfettered market access has a cost (TRB) Avoid making predictions. Even while making predictions. (Aleph Blog) A look at Dick Fuld's new firm, Matrix Advisors (Institutional Investor) Cybercriminals threaten to release personal information about all of Ashley Madison's users if they don't shut down the site (Daily Mail) Now go talk about it. facebook twitter linkedin Read this next.November 28, 2011 Q104.3's Top 1043 Classic Rock Songs of All TimeAugust 7, 2013 Carl Quintanilla’s Top Five Twitter FollowsMarch 17, 2011 Loyalty.