July 22nd EARLY

Comments welcome and could be accommodated. All links safe for work.

EURO CRISIS

Nice roundup

Greek Default and more – Calculated Risk

Good summary of the following three links, read this if short on time.

Greece Defaults; Krugman Screams It's 1937; Maastricht Treaty Needs Revisions; "European Monetary Fund" Created; German Taxpayers on the Hook – Mish’s

Very good read. “It ain’t over”, but sets important precedents.

Greece defaults - Reuters

Good view on latest analysis from Bernstein.

The Fatal Flaw In Europe's Second "Bazooka" Bailout – Zero Hedge

http://www.zerohedge.com/article/fatal-flaw-europes-second-bazooka-bailout-82-million-soon-be-very-angry-germans

EU Leaders Offer $229 Billion in New Greek Aid – Bloomberg

Europe Launches a Massive Greek Bailout – WSJ

A Guide to the New Deal in Athens: How a 'Selective Default' Works – WSJ

Eurozone leaders hail leap towards economic union – The Telegraph

Greece’s connection to Artists Formerly Known As Eastern Bloc

Greek contagion: CEE edition – beyondbrics / FT

Very funny, e.g. “We have included a clause that could mean anything and will be interpreted at a later date to encompass anything else we think of, but it contains the phrase "growth and employment" so you can't say no to it.”

Euro Statement Translated – Macro Man

GENERAL

IMF’s report tells what’s wrong with China

IMF urges China to 'rebalance' its economy – BBC

 (pdf) link to IMF paper

followed by this. So IMF hit a nerve.

Spies in China Said to Be Behind IMF Hacking – Bloomberg

Goldman Model Championed by Blankfein Planted Seeds of Distress – Businessweek

Morgan Stanley Tops Goldman for First Time in Investment Banking, Trading – Bloomberg

With full slides “Commodities Aside, Deflation Remains the Primary Trend”

Strategic Investment Conference: Part 2 - David Rosenberg – Zero Hedge

DIVERSION

JSTOR papers from before 1923 put on Pirate Bay

Huge Trove of Academic Docs Posted Online in Response to Activist Arrest - Wired

‘March Backwards Into the Future’ — Marshall McLuhan’s Century - Wired

With youtube link to the documentary and a link to an salvaged copy of his now closed blog

Ai Weiwei: Without Fear or Favour, a BBC Documentary – Brain Pickings