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

Just how bad would a “Japanese scenario” be for the US and Europe?  (SurlyTrader)

Japanese investors have gorged on Brazilian assets.  What now?  (FT)

On the challenge higher commodity prices mean for Chinese equities.  (Data Diary)

French banks have a funding problem.  (FT Alphaville)

Eurozone PMIs come in weak even while Germany remains “resilient.”  (Money Game, WSJ)

China’s PMI stopped going down in August.  (Bloomberg)

Brazil unexpectedly cuts interest rates.  (Reuters, WSJ)

Everybody and their brother wants to drill in the Arctic Circle for oil.  (WSJ)

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