Wednesday Evening Links

[Bloomberg] The U.S. Is Short on Options to Confront Next Crisis

[Bloomberg] Goldman Distressed-Debt Traders Ensnared in Market Turmoil

[WSJ] Hedge Funds Bruised by Stocks’ Meltdown

[WSJ] Emerging-Market Currency Risk Shifts to Lenders

[Bloomberg] Venezuela Is Adding More Zeroes to Its Currency to Deal With Hyperinflation

[WSJ] Margin Calls Bite Investors, Banks

[FT] China’s push-me-pull-you policies leave the world reeling

[NYT] A Key Federal Reserve Official Sees September Rate Increase as Less Likely

[FT] Young Kurds take up arms as clashes increase in south-east Turkey