Wednesday morning links

TOP STORIES
Stocks: The latest Fed bubble - Fortune
Recovery in Asia Begins to Gather Steam - NY Times
Fed uncertainty, China sell-off rattle stocks - Reuters
States cut aid to college students as demand booms - AP
Short Selling Drops to Lowest Level Since February - Bloomberg
'A Recovery Only a Statistician Can Love' - Wash. Post
Madoff Aide Reveals Details of Ponzi Scheme - NY Times
Fed Faces Its Zimbabwe Moment - Forbes

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MARKETS/INVESTING
Oil near $69 amid weak crude demand - AP
Gold firms after 3-day fall, FOMC eyed; ETF dips - Reuters
Stock Bulls Increase, Highest Optimism in Two Years - Bloomberg
Will America confiscate gold and ban COMEX? - Commodity Online
IEA Raises Oil Demand Forecasts on China - Bloomberg
Gene Arensberg Letter to the CFTC - SilverSeek

ECONOMY
Trade Gap Widens Less Than Forecast - Bloomberg
Bankruptcy filings may hit 1.4 million - USA Today
U.S. Enters Recovery as Stimulus Refutes Skeptics - Bloomberg
Clunkers Program Clears Out Car Lots - Wash. Post
Cash for Clunkers - Ron Paul

INTERNATIONAL
Consumer spending and house prices pick up - Guardian
Australia central bank a model for popping bubbles? - Reuters
Asian Stocks Drop, Weak Earnings Fuel Valuation Concerns - Bloomberg
Mexico Oil Production to Fall 4.9%, Drop Through 2012 - Bloomberg
Yen at Two-Week High as Stocks Spur Safety Demand - Bloomberg
Rio Tinto’s Hu Faces Bribery Charges From China - Bloomberg
Ruble drops on investor caution, devaluation talk - AP
Bank of England: Recovery will be slow - AP

REAL ESTATE
4 Signs Your Home Is About to Lose Value - SmartMoney
U.S. housing inventory data points to stabilization: ZipRealty - Reuters
Lender's Shutdown Hobbles Manufactured Housing - NY Times
Long, steep real estate recovery expected - Orlanad Journal

FED/TREASURY/BANKING
What the Fed is mulling - Reuters
Fed Meeting Likely to Signal Fate of Intervention Programs - Wash. Post
Despite TARP billions, bank prospects are iffy, panel finds - CSM
US banking crisis far from over, Congress warns - Guardian

INTERESTING
GM says new Volt could get 230 mpg in city driving - AP
Benmosche Said to Start AIG Tenure With Croatian Trip - Bloomberg
Amateur gold mining banned in California - Commodity Online
Not-so-full house: Nevada gambling slump - MarketWatch

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