Here’s some of the things I’m reading this morning:

  • JP Morgan earnings are out–big news so far is a restatement of 1st quarter earnings b/c bank is no longer confident that its traders fairly valued the controversial trades (Dealbook)
  • A case for buying some European equities (Smartmoney)
  • Some market forecasters see signs of a pickup in latest economic numbers (NYT)
  • Yes, corporations are people.  See Old Spice & Taco Bell mix it up via Twitter (Adweek)
  • Iceland hires a type of “Dog the Bounty Hunter” to hunt down bankers that ruined its economy (BusinessInsider)
  • China seems to be manipulating it’s data. Surprise, surprise (Businessweek); and see this about China: Chinese economic growth slows, but not unexpected (FT)
  • Ralph Lauren looks like a sell here (Dragonfly Capital)
  • Always ask a banker to put a lie in writing (Bloomberg)
  • Olympic security chaos (Guardian)
  • Pitchfork awards a 9.5 rating to Frank Ocean’s new album ‘Channel Orange’.  This will shock some (Pitchfork)
  • Guy suing the city after being arrested for giving cops the finger (Observer)