Wednesday morning links

TOP STORIES
• Obama Blueprint Deepens Role in Markets - Wash. Post
• Russia calls for revision of SDR currency basket - Reuters
• For Boomers, recession is redefining retirement - USA Today
• Big Shift in Health Care May Emerge in 45-Day Sprint - Bloomberg
• The recession tracks the Great Depression - Wolf, FT
• BRICs May Buy Each Other’s Bonds - Bloomberg
• More weirdness in the UNG - FT AlphaVille
• We're All Technicians Now - GreenFaucet

MARKETS/INVESTING
• Oil falls to around $70 on mixed economic signs - AP
• Gold eases towards $930, ETF steady - Reuters
• How US institutions are recalibrating strategies - FT AlphaVille
• Unshakeable confidence in gold, silver: Got Gold Report - StockHouse
• Making The Case - Butler, Investment Rarities
• Obama vs. the oil bubble - CNN/Money

ECONOMY
• Consumer Prices Rose Less Than Forecast in May - Bloomberg
• Credit card defaults keep climbing - CNN/Money
• Bankers' group sees recession ending this year - MarketWatch
• MySpace to cut 30% of workforce - CNN/Money
• Inflation on the Horizon - Economy in Crisis

INTERNATIONAL
• Suitcase With $134 Billion Puts Dollar on Edge - Bloomberg
• ‘Buy China’ policy set to raise tensions - Financial Times
• Much-trumpeted BRIC summit ends quietly - Reuters
• Drop in China's FDI Prompts Policy Considerations - China Stakes
• Japanese property gets some encouraging news - MarketWatch
• Russia 'should join Opec, dictate price' - TreadArabia
• Spain’s bank chief warns on deficit - FT
• BA asks staff to work for nothing - BBC

HOUSING
• Mortgage applications plunge to seven-month low - Reuters
• State works to relieve mortgage nightmares - Oregon Live
• Bill Calls for $15,000 Any-Time Home Buyer Credit - HousingWire
• ‘Millionaire Homes’ May Lose Value Until 2012 - Bloomberg

FED/TREASURY/BANKING
• Fed Weighs Using FOMC Statement to Damp Speculation - Bloomberg
• Fed may become systemic regulator, hike capital requirements - MarketWatch
• Fed's Warsh expects economic picture to disappoint - MarketWatch
• New rules put Fed in hot seat - FT

INTERESTING
• Alcohol’s Good for You? Some Scientists Doubt It - NY Times
• Wind strength weakening in U.S., new study says - MarketWatch
• Gold sold like chocolate from German vending machines - Telegraph
• Donald Trump aims to retake control of casinos - AP

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