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Frontrunning: July 28

Courtesy of Tyler Durden

  • Ratings Understate ‘Dangerous’ Chinese Local Government Risks, Dagong Says (Bloomberg)
  • Arcelor Mittal warns on pace of global recovery (FT)
  • Portugal Takes Eurozone Derivatives Set-Aside Decision (FT)
  • Ready for the Next Trillion-Dollar Bailout? (Heritage Foundation)
  • Drip after drip of deflation data (Telegraph)
  • Atlas Didn’t Shrug; He’s just sitting on his hands while he confronts regulatory and tax uncertainty. (Barrons)
  • Gold bears are wrong, smart money isn’t selling (Minyanville)
  • Deutsche Bank Shutting Commercial Real Estate Adviser Group (Bloomberg)
  • German Jobs `Miracle’ Comes at a Price for Recovering Economy (Bloomberg)
  • Treasury Moves on US Housing Finance Reform (FT)
  • World economy: vulnerable to vertigo (FT)
  • More Jim O’Neill tragicomedy: To Build a Big Society, We Must Be Prompt (FT)
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