Thursday morning links

TOP STORIES
A.I.G. Posts a Large Loss as Housing Troubles Persist - NY Times
Pimco's Gross Says U.S. Will Rescue Fannie, Freddie - Bloomberg
Freddie Mac's negative net worth raises questions - Reuters
Credit crisis: After the binge, the UK suffers an almighty mortgage hangover - Telegraph
Commodities rush could be over - USA Today
IMF warns that UK is on the brink of recession - Telegraph

MARKETS
Gold edges up as dollar eases, oil climbs - Reuters
Commodities: time to buy in or bail out? - Telegraph
What's Wrong With Gold Stocks? - Hard Assets Investor

ECONOMY
U.S. Jobless Claims Rose Last Week to Six-Year High - Bloomberg
Retailers miss July targets - MarketWatch
Schwarzenegger: No more bills until the budget is done - Sacramento Bee

HOUSING
Highest Unsold Home Supply Since '82 Seen Needing 50% Reduction - Bloomberg
Realtors live close to the edge - USA Today
Most Homeowners Thinks Their Home is Insulated From the Housing Crisis - Zillow
Option ARM Specialist FirstFed Loses $35.5 Million - HousingWire
For developers of Bend’s Shire, ‘dream’ is over - Bend Bulletin

FED/TREASURY/BANKING
Fed Shift Indicates Main Rate Will Stay at 2% to Revive Economy - Bloomberg
Fiscal 2008 budget deficit seen about $400 billion - Reuters

INTERNATIONAL
ECB holds rates at 4.25 percent as expected - Reuters
Bank of England holds rates at 5% - Guardian
One L of a global banking crisis - MSN Money
Bank of Korea Raises Rate to 5.25% to Curb Inflation - Bloomberg
France to limit energy price rise - BBC

INTERESTING
Luxury cars switch from premium to regular-gas diet - USA Today
Indebted Ever After - Washington Post