Friday morning links

TOP STORIES
U.S. Payrolls Fell 84,000; Jobless Rate Jumps to 6.1% - Bloomberg
US RATE FUTURES-See chance for '08 Fed cut after jobs data - Reuters
China central bank may need government bailout - MarketWatch
The Abuse of Credit, And Why You Care - The Market Ticker
Indictment Says Brokers Hid Mortgage Investments From Clients - Housing Wire
Goldman cuts Merrill to sell, sees fresh writedowns - Reuters

MARKETS/INVESTING
World markets sink after Wall Street plunge - AP
OPEC likely to trim oil supply - Reuters
Dollar Falls Against Yen as U.S. Employers Cut Jobs in August - Bloomberg
How to share in the dollar's surge - MSN Money

ECONOMY
Unemployment rate unexpectedly soars to 6.1% - MarketWatch
Shadowstats debunked - Econbrowser
U.S. Faces `Stagnant' Growth, Conference Board Says - Bloomberg
US economic gloom deepens - Sydney Morning Herald

HOUSING
Where Homes Are Selling Fastest - BusinessWeek
Shiller: House Price Decline Could Be Worse than Great Depression - Yahoo! Finance
The Slow March to End Securitization Inches Forward - Housing Wire
It’s Time to Get Real About Real Estate - Schiff, Money Morning
Analyzing the Housing Crisis - BusinessWeek

FED/TREASURY/BANKING
Greenspan: Don't use Fed as a 'magical piggy bank' - AP
Fed officials differ on inflation outlook - MarketWatch
Credit Crunch: The Sequel - US News and World Report
Fed's Fisher Sees 50% Chance Inflation Will Increase - Bloomberg

INTERNATIONAL
ECB Officials Signal Inflation Still Biggest Concern - Bloomberg
Canadian dollar boosted by August jobs rebound - Reuters
Russian Stocks, Bonds Tumble as Central Bank Props Up Ruble - Bloomberg
FTSE 100 heads for its worst week in more than a year - Telegraph
Japan Capital Spending Fell Last Quarter on Oil Costs - Bloomberg

INTERESTING
Texas UPS driver goes 1 million miles, no crashes - AP
Bet Early on Super Bowl for Best-Value Odds: Joe Saumarez-Smith - Bloomberg