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)
