Monday morning links

TOP STORIES
• U.S. risks "lost decade" due to half-steps: Krugman - Reuters
• Analysts Turning Bearish on S&P 500 After 14% Rally - Bloomberg
• 3 banks to sell stock to repay bailout money - CNN/Money
• California Debt Woes Set to Shoot Higher - Bond Buyer
• Where you'll see real recovery first - MSN Money
• More companies freeze pensions - USA Today
• Rig counts still falling - FT AlpaVille
• Long road to a ‘good GM’ filing - FT

MARKETS/INVESTING
• Oil Falls From Six-Month High on Supply Concerns - Bloomberg
• Meltdown: Gold sales plunge in Dubai, Hong Kong - Commodity Online
• Commodity ETF investors move significantly into natural gas - FT AlpaVille
• U.S. stock futures drop after strong weekly performance - MarketWatch
• How Will Gold Perform in the Coming Equity Crash? - Seeking Alpha
• Charting the ’suckers rally’ - FT AlpaVille

ECONOMY
• Recovery May Start, Then Sputter as Zarnowitz Rule Is Bent - Bloomberg
• Economics Was OK, It Was Only the Economists who Failed - Econospeak
• Soros says economic downward trend easing: report - Reuters
• Economic Anxieties Send Domestic-Abuse Rates Soaring - Alternet
• Thousands join Army to escape recession - TimesOnline

INTERNATIONAL
• Inflation Falls in China - NY Times
• The property market - bottomed out? - NZ Herald
• Shanghai, Hong Kong lower on valuation worry - MarketWatch
• Trichet Says Global Economy Is Near Turning Point - Bloomberg
• China's new loan issuance cools to $86 billion in April - MarketWatch
• Merkel Spars With Rivals on ‘Toxic’ Bad-Assets - Bloomberg
• Worst of UK recession could be over, OECD says - Telegraph
• China’s Cheap Pork Could Become Costly - WSJ

HOUSING
• New home prices edge lower - Globe & Mail
• Data show many shore foreclosures on second homes - Press of Atlantic City
• When will housing recover? Depends who is talking! - O.C. Register
• Validity of home value Web sites questioned - Redding.com

FED/TREASURY/BANKING
• Banks Pass Stress Test - Regulators Fail Ethics Test - Hussman Funds
• Mortgages Over 5% Mean Fed Purchases as Bonds Slump - Bloomberg
• Stress Test Bargaining: Dealing with the Devil? - Option Armageddon
• Banks Brace for Credit Card Write-Offs - NY Times

INTERESTING
• Despite Lower Ratings Cash Flow Rises for ‘Idol’ - NY Times
• Central Bank Plans Switch From Copper to Steel Coins - Moscow Times
• Boeing Targets $10 Billion Global Market for Leased Drones - Bloomberg
• Peel 'em and weep: First-class stamps rise 2 cents - AP

###