Thursday Evening Links

[Bloomberg] Stocks Drop Most Since May, Bonds Rally on Tension: Markets Wrap

[Bloomberg] VIX's Highest Close Since Election Sparks Record Rush to Protect

[Bloomberg] A 47% VIX Surge Isn't How Bulls Hoped August Would Start

[Bloomberg] Junk Bonds Slump as Morgan Stanley Sees a Bigger Unwind Ahead

[Bloomberg] Dudley Says Inflation Will ‘Take Some Time’ to Reach Fed's Goal

[Reuters] Exclusive: Foundations for post-Libor system sliding into place

[Bloomberg] Consumer Comfort Reaches 16-Year High on U.S. Economic Optimism

[Bloomberg] U.S. Inflation Is Finally Picking Up. Probably

[Bloomberg] Vancouver Housing Posts Biggest Price Gains Since 1990

[WSJ] Today’s Financial Crisis: We Forgot the Financial Crisis of 2007

[FT] Chinese top official warns economy ‘kidnapped’ by property bubble

[Reuters] Trump issues stern warning to North Korea and its leader

[Reuters] Any new Korean war could quickly escalate to catastrophe