Wednesday Morning Links
MUST READS
Hedge Funds Gear Up for Another Big Short – WSJ
Apple stock tumbles as iPhone sales disappoint – CNN/Money
Stocks Drop as Apple Drags Techs Lower, Commodities Resume Slide – Bloomberg
Alexis Tsipras Transforms Himself as He Sells Greek Bailout Terms – NY Times
ECB Readies for Greece Return as Banks Still in Emergency – Bloomberg
The Great Greek Bank Drama, Act II: The Heist – Coppola Comment
A $4 Trillion Force From China That Helped the Euro Now Hurts It – Bloomberg
China’s Record Dumping Of US Treasuries Leaves Goldman Speechless – Zero Hedge
Can You Hear the Fat Lady Singing? – The China Connection – Capitalist Exploits
It’s Happening: Debt Is Tearing up the Fracking Revolution – Wolf Street
Will the Oil Patch Bust Trigger Recession? – of two minds
Understanding past and future financial crises – voxeu
MARKETS/INVESTING
Stocks: 5 things to know before the open – CNN/Money
China’s Market Plunge: Where Only 3% of Firms Could Trade – WSJ
Low Correlations: Stock-Pickers’ Market or a Sign of Complacency? – Barron’s
An investor’s guide to navigating a commodities roller coaster – MarketWatch
Stock market booms, busts and free flow of information – Asia Times
Gold slides 1 pct to 5-year low as investors pull back – Reuters
Goldman’s Currie expects gold to fall under $1,000 – MarketWatch
Can’t Stop, Won’t Stop; Why Gold Miners Just Keep Digging – Bloomberg
Is Gold a Stupid “Pet Rock” or a Bedrock Asset? – Mining.com
A History of Gold Returns – A Wealth of Common Sense
ECONOMY/WORLD/HOUSING/BANKING
U.S. Economic Confidence Index Level, but Masks Volatility – Gallup
New York fast food workers’ $15 wage vote on Wednesday – CNN/Money
Russia Braces for Longest Recession in Decades With $50 Oil – Bloomberg
Japan Escalates Its Standoff With China in the South China Sea – Vice News
Backyard sells for $2 million in London real estate boom – CNN/Money
Why investors shouldn’t abandon the Canadian housing market – Financial Post
Hot real estate market on pace to break annual record – Capital New York
Grand Central: BOE’s Debate on Liftoff Heats Up – WSJ
Here’s the real reason the Fed wants to raise rates – MarketWatch
We Desperately Need New Banking – Alhambra Partners