Tuesday’s Links

Chain links 1
The Mess That Greenspan Made

TOP STORIES
Curveball Alters Talks on Wall St. Reform – NY Times
Australia Central Bank Keeps Rates Steady, in Shock Move – CNBC
China Property Market ‘Bubble’ Set to Burst, Xie Says – Bloomberg
Obama Budget Seeks $1.9 Trillion Tax Rise on Richest, Business – Bloomberg
Obama’s $3.8 trillion budget calls for jobs assistance, tax changes – Washington Post
Volcker Rule: Dead on Arrival? And is Obama a Lame Duck? – Naked Capitalism
Huge Deficits May Alter U.S. Politics and Global Power – NY Times
Social Security could be next to need a bailout – Washington Post
Wall of Junk Debt Maturities Looms, Moody’s Says – NY Times

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MARKETS/INVESTING
Oil rises past $75 amid improved economic data – AP
Gold extends gains above $1,110 as dollar slips – Reuters
Dollar slightly lower versus euro as Greek worries ease – MarketWatch
Reported Earnings versus “Owner Earnings” – Hussman Funds
Gold timers eager to declare correction over – MarketWatch
Selling Stampede? – Saut, Raymond James

INTERNATIONAL
Japan Post Bank urged to diversify holdings – FT
Germany May Buy Stolen Swiss Bank Account Data – Bloomberg
Australian central bank unexpectedly holds rate steady – MarketWatch
Royal Bank of Scotland to pay top talent ‘cash bonuses’ – Telegraph
20 reasons Global Debt Time Bomb explodes soon – MarketWatch
China Regulator Said to Seek to Curb Third Mortgages – Bloomberg
Greek PM says country faces speculative attack – Reuters
Davos, the Contrary Indicator – Slate

REAL ESTATE
FHA default rate foreshadows a crush of foreclosures – Washington Post
The Next Leg Of The Housing Crisis In Five Simple Charts – Zero Hedge
Short sales soar while foreclosure sales slacken – Las Vegas Sun
Loan mods as shadow inventory? – O.C. Register

FED/TREASURY/BANKING
Tom Hoenig For Treasury – Baseline Scenario
Congressional threat to the Fed already affecting market – MarketWatch
Fed Says Fewer Banks Tightened Standards for Lending – Bloomberg
The Myth of the Fed’s Exit Strategy – Zero Hedge

INTERESTING
Cat predicts 50 deaths in RI nursing home – Telegraph
Without groundhogs, Alaska to celebrate Marmot Day – AP
How to Fall 35,000 Feet—And Survive – Popular Mechanics
Punxsutawney Phil: The Groundhog Behind the Myth – LiveScience

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