Morning Newz

Oil below $72 on concerns demand recovery slow – AP
Gold steady, halts retreat from 18-mth high – Reuters
Is the Rally Ending, or Does it Have More to Go? – The Big Picture
Obama’s reform speech fizzles; banks set to reinflate bubble – New Deal 2.0
As Dow 10,000 looms, a time to worry – MarketWatch
Sell equities – Credit Writedowns

ECONOMY
CNN Poll: U.S. still in a serious recession – CNN/Money
Recovery’s cornerstone has yet to be placed – MarketWatch
Underperforming gold and guns point to a better economy – USA Today
Unemployed homeowners could get financial assistance – USA Today
Oil prices mean perpetual recession – Financial Post

INTERNATIONAL
The IMF: Back from the dead – Economist
China’s coming magnificent bubble – Reuters
Global house prices: It’s life, Jim – Economist
China sovereign wealth fund may sign commodity trader – MarketWatch
Britain’s budget deficit widens to third worst on record – Telegraph
China to world: No more shiny metals for you – FT AlphaVille
Ireland’s bad bank: The morning after – Economist
Oilwatch Monthly September 2009 – The Oil Drum

REAL ESTATE
“Option” mortgages to explode – Reuters
Rates on fixed-rate mortgages fall again – MarketWatch
1.4 million Americans score $8,000 tax credit – CNN/Money
Loan Modifications, Hope, Lies and Misinformation – Blown Mortgage

FED/TREASURY/BANKING
The Impact on Mortgage Rates of the Fed buying MBS – Calculated Risk
Exclusive – Wells Fargo’s Commercial Portfolio is a ticking time bomb – Bank Implode
Fed’s Assets Rise to Most Since May on Mortgage-Debt Purchases – Bloomberg
Fed to screen bank pay policies: report – Reuters

INTERESTING
Taking showers ‘can make you ill’ – BBC
Sold! Bernie Madoff Beach House Goes to Contract at $8.75 Mil + – ABC News
Most Oklahoma High School Students Can’t Name the First U.S. President – News9
Teen birth rates highest in most religious states – MSNBC

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