Thursday morning links

TOP STORIES
JPMorgan: Detroit automakers face liquidity crisis - AP
A Boom in Commodity Funds, And Each One Has Its Quirks - WSJ
Ruined by 401[k] Predators - BusinessWeek
No Loans at Mountain 1st Means Bank Credit Drying Up - Bloomberg
Will Trichet drive the world over a cliff? - Telegraph UK

MARKETS
London oil price hits $146 record - BBC
Gold futures fall, as U.S. dollar rises after jobs data - MarketWatch
Waiting for stocks to rally? Don't hold your breath - USA Today

ECONOMY
Employers cut jobs for sixth straight month - AP
U.S. Services Contract in June, Prices Rise to Record - Bloomberg
US Jobless Claims +16K At 404K In Jun 28 Week; Survey +1K - Dow Jones
Whip Inflation Now, Before It Whips You - Washington Post

HOUSING
Arson Surges Across U.S. for Foreclosed Homes Lost to Subprime - Bloomberg
When Will Housing Market Bottom? - iStockAnalyst
Mortgage ruling could shock U.S. banking industry - Reuters

FED/TREASURY
Angry Consumers Flood Federal Reserve Board with Complaints - LoanSafe
Bush's Dollar Drop Maps Loss of U.S. Clout at Final G-8 Summit - Bloomberg
Fedspeak Highlights: Mishkin on Economic Outlook - WSJ Real Time Economics

INTERNATIONAL
Trichet Says ECB Rate Increase Will Help Bring Down Inflation - Bloomberg
Standard of living to fall for at least a year - Telegraph UK
U.K. Services Contracted the Most Since 2001 in June - Bloomberg

INTERESTING
Los Angeles Times to cut 250 jobs, including 150 from news staff - LA Times
Washington's boyhood home found, but no hatchet - AP