Hot Links: Hardest Profession on the Planet

What I'm reading this morning:

Stuff I’m Reading this Morning…

And now, everyone is completely freaked out about Australia.  (FTAlphaville)

61 economists polled say 45% chance of QE3 in September.  In other words, flip a f***ing coin.  (Reuters)

What are you wearing for the BofA-hosted John Paulson apology conference call today? I’m rocking an off-the-shoulder tailored tee, Tory Burch flats and like a cool hat.  (WSJ)

Jim Bianco’s round-up of Jackson Hole previews.  (TBP)

Draghi is skipping Jackson Hole. Something about One Direction performing live that night and in a smaller, more intimate venue, “the kind of place you really want to see a band like that.”  (ZeroHedge)

Jason Zweig on the investor flight from equity funds, a “lemming march” if ever there was one.  (TotalReturn)

China announces $800 billion in stimulus projects to jolt its economy back to life.  I’m hoping they can build me a Wonka-vator so I can fly way up high and see my house from here.  (Telegraph)

The worst thing that can happen when you average down is that you get comfortable doing it.  (ZikomoLetter)

David Einhorn’s brother is no slouch either…  (DealBook)

Being a professional investor is the hardest profession on the planet.  (JohnStanderfer)

Greece will be told whether it lives or dies at the EU Summit in October.  Psyched, you guys.  (Spiegel)

Still waiting for volume to kick in? Here’s what you would’ve missed:  (Bespoke)

BAML on the vicious cycle that Euro policy makers have not been able to break yet.  (eFXNews)

“Anyone who thinks the slowdown in China will not affect growth and corporate earnings in the U.S. and elsewhere is, well, should we say,  smoking crack.”  (MacroMon)

Guess what song Penn State has decided not to play during their football games anymore…  (CBSCleveland)

Don’t miss my daily linkfest for financial advisors this morning! (WSJFA)