NEW YORK ( TheStreet) -- Good Sunday afternoon, and welcome to another edition of Weekend Reading. First a look back at the week that just finished, then a look forward to the week ahead and, lastly, a summary of articles and research papers worth reading. It was a rough week for the major markets, but not as rough as it probably felt. The Dow Jones lost 1%, while the S&P 500 fell 1.2% and the Nasdaq shed 0.8%. The upbeat feelings around recovery dissipated, the dollar fell and oil did the same, as worries grew once again about the trajectory of recovery from the worst global downturn since the Great Depression. Looking ahead to next week, it feels like nervousness has the upper hand. Yes, it could swing too far, but this is not a normal cyclical recovery, and we should not expect a smooth path back to spending and solvency. It can't and won't happen that way, no matter how much some might want it. At the same time, there is re-retrenchment happening across the consumer sector, with the wealthy increasingly hunkering down, and even worried talk about U.S. stability. Turning to economic indicators, next week will bring June housing starts, plus existing-home sales for June. As for earnings, we will see results from a dozen Dow components next week. We will also see reports from Goldman Sachs ( GS), Morgan Stanley ( MS), Apple ( AAPL), Texas Instruments ( TXN) and Qualcomm ( QCOM).
Lastly, here are some articles and papers worth reading: Editor's note: To access some of these stories, registration or a subscription may be required. Please check the individual links for each site's policy.
- John Paulson's reversal of fortune. (Fortune)
- The New Doom: The return of econo-apocalypse (Observer)
- Scams: A Sucker Retires Every Minute (Businessweek)
- Japanese Deflation Will Only Get Worse (Bloomberg)
- Barron's tips Google (GOOG) for gains (Barron's)
- SoCal occupancy rates, rents drop again (Los Angeles Times)
- Lenders' data mining goes deep (Los Angeles Times)
- David Essex: 'Our prefab felt like Buckingham Palace' (Telegraph)
- Radio Waves as a Low-Power Source (The New York Times)
- The march of the McMansions (Boston Globe)
- Britain: A False Dawn? (New York Review of Books)
- Paralyzed by Debt (The New York Times)
- BAB Spreads Blast Outward (Bond Buyer)
- Fewer buyers cause fall in China car plate price (Shanghai Daily)