My morning reads:
• Why investors should avoid hedge funds (Reuters)
• Stocks’ Advance Stirs Seers’ Skepticism (Barron’s)
• The European Central Bank’s Discreet Help for Greece (Spiegel.de) see also Fed’s Job-Market View May Surprise Street (WSJ)
• Twin Reports Stoke Cautious Optimism for Rebound in the Housing Market (NYT)
• For Wall Street Bankers, the Thrill Is Gone (Businessweek)
• China data inspires hope, disappointment… and a dilemma (FT Alphaville)
• Who Are Winners of Low Mortgage Rates? Banks (DealBook)
• In Laundering Case, a Lax Banking Law Obscured Money Flow (NYT) see also Standard Chartered CEO Says ‘No Grounds’ to Revoke License (Bloomberg)
• POLITICS: A Tale of Two Unelectable Candidates (ABC News)
• U.S. has hottest month on record in July 2012 NOAA says (Washington Post)
What are you reading?
Source: The Big Picture
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