Tuesday morning links

TOP STORIES
• Goldman: Morgan Is Wrong About Fed Exit Strategy - Bloomberg
• CFTC Floats Rules Aimed at Speculation - Washington Post
• Economic recovery faces serious hurdles - MarketWatch
• Speaker boycotts California budget session - LA Times
• The Wealthy World at its 'oil break point' - Calgary Herald
• Ten sneaky bank fees that sting consumers - MarketWatch
• America's Fiscal Train Wreck - Morgan Stanley
• The Free and the Dead - Kunstler, CFN

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MARKETS/INVESTING
• Oil rallies above $64 after four-day fall - Reuters
• Glut of oil could push gasoline prices back down below $2 a gallon - LA Times
• Pondering U.S. Equity Allocation & Portfolio Mix - Capital Spectator
• Oil Due for Short-Term Setback, Long-Term Outlook Bullish - Money Morning
• The Great American Bubble Machine - Rolling Stone
• “Rosebud?!” - Saut, Raymond James

ECONOMY
• Obama Adviser Says U.S. Should Mull Second Stimulus - Bloomberg
• Get Ready for 14 Percent Unemployment - Real Clear Markets
• Economist Says Japan Deflation Model Doesn’t Fit - WSJ MarketBeat
• Christina Romer's Faulty Depression History - Mises
• Services index improves a bit in June - MarketWatch

INTERNATIONAL
• France, Unlike U.S., Is Deep Into Stimulus Projects - NY Times
• Australia keeps policy rate at 3%, sees scope for easing - MarketWatch
• China Looks to G8, EU for More Trade, Stable System - ChinaStakes
• Mumbai slides on debt fears - MarketWatch
• Gazprom spending spree troublesome - UPI
• G8 can weep together, or fight together - Breaking Views
• Clash in China's oil-rich Xinjiang leaves 156 dead - MarketWatch
• Xingjian Riots: The Energy Connection - Infectious Greed

HOUSING
• Home-Equity Loan Delinquencies Set Record in First Quarter - Bloomberg
• S&P raises loss expectations for risky US mortgages - Reuters
• Repo business soars as Sacramento area home sales slump - Sacramento Bee
• Government greenlights more underwater refis - CNN/Money

FED/TREASURY/BANKING
• U.S. Lenders May Have to Raise $300 Billion - Bloomberg
• Why the Fed is Depreciating the Currency - GoldSeek
• Bank regulators fail consumers -- again - MarketWatch
• Will Bernanke keep his job? - CNN/Money

INTERESTING
• California Dreamers - The Atlantic
• Why Self-Help Programs Are Bogus - LiveScience
• Marc Andreessen puts his money where his mouth is - CNN/Money
• Your Deleted Social Network Pics Are Probably Still There - LifeHacker

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