Tuesday morning links

TOP STORIES
• Automakers, Obama announce mileage, pollution plan - AP
• Stock Market: Why Are Financial Stocks Rallying? - Time
• Morgan Stanley, JPMorgan, Goldman to Repay TARP - Bloomberg
• Deflation fare thee well, we hardly knew ye – Part I - iTulip
• American Express to cut 4,000 jobs - CNN/Money
• Central Banks’ Balance-Sheet Balancing Act - WSJ
• Diminished Returns - Ferguson, NY Times
• Bad Collateral - Kunstler, CFN

MARKETS/INVESTING
• Oil above $60 on US economy hopes - BBC
• Central Banks drive gold, commodities - Commodity Online
• Uncertainty Clouds Outlook for Oil Sector - NY Times
• Me, Lord Marlboro and the Dow!? - Saut, Raymond James
• Silver Surplus? - Butler, Investment Rarities
• Doing the contango - Reuters

ECONOMY
• Housing construction drops 12.8 percent in April - AP
• Recession to cut North American summer electric use - Reuters
• How Shoppers Make Decisions in a Recession - Time
• Homebuilder sentiment at 8-month high - Reuters
• Recession in Perspective - WSJ

INTERNATIONAL
• Brazil and China eye plan to axe dollar - Financial Times
• Britain sinks into deepest deflation since 1948 - Telegraph
• China ‘Struggling’ on Weak Exports, Oppenheimer Says - Bloomberg
• PetroChina buys stakes in gas companies for $160 million - MarketWatch
• China Gold Reserves May Back Yuan Internationalization-Report - WSJ
• The pain in Spain will be felt mostly by the banks - FT AlphaVille
• Gold ETF booms on Nasdaq Dubai - Commodity Online
• After Elections, India Stocks Soar 17% - Time

HOUSING
• Homes: Most affordable in 2 decades - CNN/Money
• Predicting the California Housing Bottom - Dr. Housing Bubble
• Bank-owned homes sell slowly on the coast - O.C. Register
• More Signs of High-End Housing Trouble - WSJ

FED/TREASURY/BANKING
• Fannie and Freddie in 'critical' condition - CNN/Money
• Dollar Libor Drops Most in Two Months as Markets Thaw - Bloomberg
• Book Review of Bailout Nation by Barry Ritholtz - Crossing Wall Street
• BIS Report: Central Banks May Be on Cusp of Change - WSJ

INTERESTING
• How deflation will affect your finances - TimesOnline
• Hot Property: Reality show moves to 90210 - LA Land
• Sales skyrocket with demand for hand sanitizer - SF Gate
• Astronaut Looks at Earth: 'It's Too Beautiful' - LiveScience

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