Wednesday morning links

TOP STORIES
ECB's Trichet: banks must finance economy - AP
Obama Team Pushes to Complete Rescue as Stocks Plunge - Bloomberg
Inauguration party doesn't reach Wall Street - LA Times
Economists say housing market to remain unstable - LVRJ
BHP takes $1.6 billion charge, to cut 6,000 jobs - Reuters
Ericsson reports profit drop, to cut 5,000 jobs - AP
Remember 1982 - Norris, NY Times
Rebound in oil prices could be years off - Financial Post
Monetary echoes from the 1930s too - China Financial Markets

MARKETS/INVESTING
Oil around $41 amid grim economic news - AP
Gold rises, aided by safe-haven buying - Reuters
Gambling with your retirement stash - CNN/Money
Is the China ETF Poised for a Big Move? - Seeking Alpha
“The Maginot Line” - Saut, Raymond James
Dollar at 7-1/2-year high vs. pound - CNN/Money
Forget "peak oil", West's demand growth peaking - Reuters
Real Silver Availability - Butler, Investment Rarities
Tuesday's drop has little to do with it being Inauguration Day - MarketWatch

ECONOMY
Employers Avoid Axing Oldies but Goodies - BusinessWeek
Retailers cut inventory to address shift in consumer spending - AP
Economists predict gloom for U.S. during next 4 years - Chicago Tribune
In 2009, Layoffs Is the Business to Be In - NY Times

INTERNATIONAL
Toyota outsells GM globally - AP
Emerging Markets Face $180 Billion Investment Decline - Bloomberg
British economy poised for sharp Q4 contraction - AP
Why the yen is defying economic gravity - FT Alphaville
Pound Falls to Record Low Versus Yen on U.K. Economic Concern - Bloomberg
SERIOUSLY ALARMED - Pritchard, Telegraph
A Boom in Office Towers in Calgary - New York Times
King Says BOE May Start Buying Assets Within Weeks - Bloomberg

HOUSING
Economists see deeper housing woes in 09 - AP
Worst Over By Summer: Capital Economics - FindAProperty.com
DataQuick: Sacramento Median Price Drops Below $180,000 - Sacramento Landing
NAR: There’s Nowhere To Go But Up - Housing Doom
Option ARM Borrower Psychology: The Dirty Truth - Dr. Housing Bubble
Ventura County home prices: How 2008 compared with 2007 - LA Land
NAHB: Prices to Fall 29% in 2009 - Calculated Risk

FED/TREASURY/BANKING
Crisis may force Geithner's approval - Reuters
Treasuries Decline Amid Concern Government Debt Sales to Swell - Bloomberg
Roubini Predicts U.S. Losses May Reach $3.6 Trillion - Bloomberg
Bernanke Tells It Like It Is, Some Don’t Listen - Bloomberg

INTERESTING
Little-Known Facts About the White House - ZillowBlog
For Michelle Obama, future is in Gold - Commodity Online
Gun Nuts Exposed at Distorting Data and Results - Econospeak
Tax hike would put Chuck over its famed Two Bucks - LA Times