July 20th Late

On the eve of Thursday’s meet, roundup of guidance from the very serious people:

European Commission president: Now is the Time to Act – Calculated Risk

ECB’s Stark Heaps Pressure on European Governments to Find Greek Solution - Bloomberg

Papandreou Sees Make-or-Break Time in Debt Crisis on Eve of Europe Summit – Bloomberg

Summary of situation with no large revelations

Europe’s Debt Crisis that Refuses to Die – Satyajist Das via EconoMonitor

Not really everything but enough for sales people in understandable language.

Here's Everything You Need To Know About Tomorrow's Huge EU Meeting – Business Insider

Funnily written idea what the eurocrats will hatch on Thursday

Another Cunning Plan – Macro Man

related “surprise”

Banks say euro zone levy for Greece wrong option: sources - CNBC

Morgan Stanley’s worry list report, commentary:

The central bankers’ worry lists – Financial Times

Summarizing The Challenges Facing The "Global Central Bank" – zero hedge

Morgan Stanley’s view on Italy

Italy’s break(ing) even point… - Financial Times

China propping up Europe?

Four Reasons China is Betting On Europe (And Will Lose) – zero hedge

very nice

The smart and charming Larry Summers - Reuters

GENERAL

Long rant with good charts from an eccentric mind.

Has Housing Bottomed? Here's How to Tell – of two minds

(video) Michael went against subprime in 2007, former head of Scion Capital:

Bloomberg profiles Michael Burry – Bloomberg

Realized EPS & revenues vs. expectations + guidance, 1-day change after news.

Best and Worst Performing Stocks on Earnings So Far This Season – Bespoke Investment Group

Roundup of recent papers on what/how investment analysts do. Interesting blog.

Decades of Work – Research Puzzle

Couple of charts on bubbles

The Shape of Market Bubbles (with a Footnote on Gold) – dshort.com

Fewer Verbs and Nouns in Financial Reporting Could Predict Stock Market Bubble, Study Shows - ScienceDaily

Apple link festival part 2

Another Apple blowout quarter. Once again, the Street blew it – CNN Money

Apple Valuation and Sensitivity Analysis – Global Macro Monitor

Why Apple Should Never Pay a Dividend – Ever – Forbes

It’s all about luck, and little bit of something else:

Steve Forbes Interview: Michael Mauboussin, Professor and Investor – Forbes

DIVERSION

At New York University's Stern School of Business:

NYU Professor Catches 20% Of His Students Cheating, And He's The One Who Pays For It – Business Insider