Thursday Morning Link
MUST READS
The Fed ‘is a god that has failed’ – CNBC
Fed signals caution on rate hikes – Reuters
How Bad Is China’s Debt Problem, Really? – Bloomberg
SocGen warns of ‘tidal wave of corporate default’ – Financial Times
The ‘Panama Papers’ Expose the Secret World of the 1% – Time
The Economist’s website is now censored in China due to one satirical cover – Quartz
Why Are Voters Angry? It’s the 1099 Economy, Stupid. – New Republic
How red America and blue America became two separate countries – The Week
Cruz Outmaneuvering Trump in Hand-to-Hand Delegate Fight – RCP
Trump Has Some Bad News for Cruz in New York – Fiscal Times
Bernie’s triumphs are starting to get to Hillary – NY Post
Bernie’s big breakthrough – Politico
MARKETS/INVESTING
Stocks: 5 things prior to the open – CNN/Money
As oil goes, so goes the S&P 500 – USA Today
Dollar sinks again after Fed remains cautious – Reuters
Why Bull Markets Make Everyone Miserable – Reformed Broker
Yen Strengthens Toward 108, Traders Deaf to BOJ Jawboning – Bloomberg
How Much Of S&P Earnings Growth Comes From Buybacks – Zero Hedge
Time to stop dancing with equities on a live volcano – Telegraph
Gold gains on lower dollar after Fed remains cautious on rates – Reuters
In 1933 on This Week, It Became Illegal for Americans to Hold Gold – EPJ
Osama Bin Laden was more than keen on gold – Mining.com
ECONOMY/WORLD/HOUSING/BANKING
Is a recession on the horizon? – Omaha.com
Presenting The Slowdown – Alhambra Partners
American manufacturing isn’t dead yet – CNN/Money
Western Mistakes, Remade in China – Project Syndicate
Venezuela Declares Every Friday a Holiday to Save Electricity – Bloomberg
German Economy, Once Europe’s Leader, Now Looks Like Laggard – NY Times
San Francisco Home Prices: “This Is Troubling” – Zero Hedge
Fed’s Global Concern Signals Barriers to Rate Increases – Bloomberg
The Fed Can’t Save Us – Mises
Dovish Minutes – Fed Watch