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

Where the major asset classes stand at the moment.  (Capital Spectator)

Is the market’s post-recession performance all that unusual historically?  (Pragmatic Capitalism)

Why we shouldn’t be surprised that HP ($HPQ)  is focusing on enterprise software. Look at the CEO.  (Daring Fireball)

Wall Street cashed in on the Fed’s largesse during the financial crisis.  (Bloomberg)

The global crisis of institutional legitimacy.  (Felix Salmon)

Jackson Hole previews.  (Gavyn Davies, The Reformed Broker, A Dash of Insight, Calculated Risk)

Angela Merkel is happy to be behind the curve.  (Pragmatic Capitalism, WSJ, FT)

The economic schedule for the week ahead.  (Calculated Risk)

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