Thanks for checking in with us for seven links (give or take) at 7AM Eastern. Good luck out there.
It is tough to come to a debt deal when there are essentially three parties involved. (Tim Duy)
On the front lines of a potential default: T-bills that mature on Aug. 4. (WSJ)
The beat goes on: more outflows from money market mutual funds. (MarketBeat)
The crux of the matter: there is no completely ‘safe asset.’ (FT)
More (depressing) thoughts from the econoblogger survey. (Growthology)
Moody’s puts Spain on review for a downgrade. (FT Alphaville)
Italy once again is under pressure. (Pragmatic Capitalism)