Thanks for checking in with us for seven links (give or take) at 7AM Eastern.  Good luck out there.

Global macro had a bad June on top of a tough May.  (MarketBeat)

Are stocks overvalued, ala Shiller?  (The Money Illustion)

Cash isn’t a hedge.  A hedge is a hedge.  (SurlyTrader)

Goldman says buy soybeans.  (FT Alphaville)

Reversing the flow of a natural gas pipeline ain’t cheap.  (WSJ)

How to play the debt ceiling debate.  (A Dash of Insight)

The decline in discretionary services spending is notable to say the least.  (Liberty Street, Pragmatic Capitalism)

Long live plastic. Cash is in decline.  (NYTimes)

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