Sunday morning links

TOP STORIES
• China's Wen says key currency countries need watching - Reuters
• US economy still facing 'substantial risks' - AFP
• Should the U.S. bail out California too? - LA Times
• Housing: Building castles of sand - Economist
• VC investment in startups keeps falling - SF Gate
• Inflation Doves Put Faith in Output-Gap Religion - Baum, Bloomberg
• Off the Shelf: Free-Market Flaws, Exposed - NY Times
• Why central banks refuse to sell gold? - Commodity Online

MARKETS/INVESTING
• Obama may not sanction IMF gold sale - Commodity Online
• Does This Market Rally Have Legs? - NY Times
• India’s gold imports pick up - Commodity Online
• Finding a financial road map - LA Times
• Wall Street: Plan for a storm - CNN/Money
• Indian housewives beat top biz brains - Commodity Online

ECONOMY
• Preview: Goods Orders, Home Sales Probably Fell - Bloomberg
• More plant closings, job cuts due at GM - CNN/Money
• When financial ruin is one misstep away - LA Times
• Volcker: Recovery will be a 'long slog' - CNN/Money
• State unemployment rate highest since 1941 - SF Gate

INTERNATIONAL
• The world economy: Buckle down - Economist
• Dubai Index Rises as Ruler Says ‘Worst Is Over’ - Bloomberg
• China's economy: Bamboo shoots of recovery - Economist
• Chancellor's £50bn home loans boost - Guardian
• ECB’s Trichet Won’t Exclude Cut, Says Zero Rates Inappropriate - Bloomberg
• China seeks oversight of reserve currency issuers - MarketWatch
• Germany's bail-out: Too little, and late - Economist
• Bloom or bust? - Globe & Mail

HOUSING
• When will the housing market hit bottom? - The Independent
• When the Real Estate Game Cost $9.95 - NY Times
• Home sellers seek help from a saint - LA Times
• Home ownership: Shelter, or burden? - Economist

FED/TREASURY/BANKING
• Fed officials suggest worst of recession is over - Reuters
• It May Be Time for the Fed to Go Negative - NY Times
• Bank bailout plan's 'stress tests' already causing stress - LA Times
• Kohn: Fed is helping - CNN/Money

INTERESTING
• Bogus waiter tricks customers at 2 NJ restaurants - AP
• Dividing debts in divorce - LA Times
• Arguing the size of the "tea party" protest - CSM

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