Thursday morning links

TOP STORIES
Germany and France exit recession - Reuters
World stocks bounce on Fed comments, European data - AP
RBS uber-bear issues fresh alert on global stock markets - Telegraph
As homeowners head 'underwater,' another housing crisis looms - CNN/Money
U.S. corn supply to reach record, prices to fall, USDA says - MarketWatch
Don’t Dismiss Taibbi - Columbia School of Journalism
Paulson stocks up on banks, drugs and gold - Reuters
A Madoff Whistle-Blower Tells His Story - Time

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MARKETS/INVESTING
Oil rises above $71 as IEA boosts demand outlook - AP
Central banks’ reluctance to sell may boost gold - Commodity Online
Bob Prechter "Quite Sure" Next Wave Down Will Break March Lows - Tech Ticker
Natural gas fund stops new issuing as CFTC considers limits - MarketWatch
Has the No Volume Bear Market Rally Ended? - Pragmatic Capitalist
Inventories may distort oil prices, IEA says - Financial Post

ECONOMY
July retail sales fall despite cash for clunkers - MarketWatch
What shape is the economic recovery in: U, V or W? - USA Today
U.S. posts $181 billion budget deficit for July - MarketWatch
Pay Raises Are the Worst in 33 Years - Time
Pink Slip Nation - Lew Rockwell

INTERNATIONAL
Merkel undaunted by German recession - MarketWatch
Mervyn King on the August Inflation Report - Telegraph
Chinese learn credit card perils the hard way - Reuters
Euro-Area Economy Contracted 0.1% in Second Quarter - Bloomberg
Recession will be the worst in modern history, BOE confirms - Telegraph
Hong Kong Exchange Chairman Arculli Sees ‘Big’ IPOs - Bloomberg
Canada beckons Chinese firms with open arms - CHINADaily
The Idiot’s Guide to Answering Queen Elizabeth - Aid Watch

REAL ESTATE
Home prices fall a record 15.6% - CNN/Money
U.S. home foreclosures set another record in July - Reuters
Distressed Sales and Financing: Sacramento as Example - Calculated Risk
Record number of foreclosures scheduled for sale - CVBT

FED/TREASURY/BANKING
Fed Signals No Rush to Exit From Stimulus as Recession Ends - Bloomberg
Next Bubble to Burst Is Banks’ Big Loan Values: Jonathan Weil - Weill, Bloomberg
An Alien Translation of the FOMC Policy Statement - The Oil Drum
Fed shows a little optimism - CNN/Money

INTERESTING
SCANDAL BIGGER THAN BERNIE - New York Post
The Keeper of the Keys and the Mystery of the Bactrian Gold - WSJ
Madoff Had Affair With Ex-Hadassah Finance Chief - Bloomberg
JetBlue offers all-you-can-fly plan for $599 - CNN/Money

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