Here are seven (or so) links at 7AM Eastern.  We will see you later with the daily linkfest.  Good luck out there.

Everyone focuses on risk management until the market rallies. (The Reformed Broker)

Policy uncertainty is on the rise.  (Wonkblog)

Gillian Tett, ” Cash has thus become like a corporate security blanket, something executives cling to in frightening times.”  (FT)

In retrospect there were some red flags at Peregrine Financial.  (WSJ, Dealbook)

The gap between rents and mortgage rates is dramatic.  (SurlyTrader)

The rising credit risks in student loans.  (Sober Look)

Chinese GDP growth ebbed to a 7.6% pace in Q2.  (Bloomberg, FT Alphaville)

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