Some things I’m reading this morning:

  • NY Fed manufacturing survey indicates contraction, CPI unchanged in July (CalculatedRisk)
  • Wal-Mart is the ultimate fiscal cliff stock (Yahoo)
  • Europe returns to recession (MacroBusiness)
  • Gary Shilling says there’s only one thing that can revive this economy (BusinessInsider)
  • Even in an environment that should be ideal for hedge funds, their performance says otherwise (SmartMoney)
  • Everyone steps in a value trap once in a while (TRB)
  • The former director of the Office of Management and Budget for the Reagan administration, David Stockman, blasts Paul Ryan’s budget plan (NYT)
  • Israel has not decided on Iran strike (AFP)
  • Call Marlo from The Wire on the phone (Slate)
  • A Park’s starring role in a yearly ritual (NYT)