Wednesday morning links

TOP STORIES
Bailout Propaganda Begins - True Slant
US stock futures fall after jobs data - AP
European, Asian Stocks Drop; Alcatel, Old Mutual, Sekisui Fall - Bloomberg
'Clunkers' program gives biggest boost to foreign carmakers - LA Times
V Defies Economic Pessimists Seeing L, U, W - Bloomberg
FDIC's Bair warns on commercial mortgages - Reuters
What Happened to the 'Depression'? - WSJ
Out of the Shadows - The New Yorker

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MARKETS/INVESTING
Oil hovers above $68 as US crude inventories drop - AP
Why gold prices rise in September? - Commodity Online
September has been the worst month for US stocks - Telegraph
Deutsche Bank to take back all shares in leveraged oil ETN - MarketWatch
Turning point for gold as Central Banks become buyers - Mineweb
BP makes "giant" oil find in Gulf of Mexico - Reuters
A worldwide worry: Is the rally over? - CNN/Money

ECONOMY
Q2 productivity revised up to 6.6% - Reuters
Better News, but Retail Prospects Are Still Dim - NY Times
Manufacturing in U.S. Expands More Than Forecast - Bloomberg
Groceries to cost even less as price war intensifies - LA Times
US pending home sales up 3.2 percent - CSM

INTERNATIONAL
China fund assets set to top $1 trillion - Reuters
Yen Trades Near 7-Week High on Banking Concern - Bloomberg
Banks 'hoarding credit' as lending falls a record £8.4bn - Telegraph
Skeptical European Central Bank to hike growth estimates - MarketWatch
Australian Economic Growth Accelerates, Points to Rate Increase - Bloomberg
Toyota, Hyundai Lead Asian Automakers’ U.S. Rebound - Bloomberg
China’s Exports, Not Altruism, Fund U.S. Deficit - Bloomberg
China closes doors to European businesses - Telegraph

REAL ESTATE
The housing recovery mirage - CNN/Money
For Commercial Real Estate, Hard Times Have Just Begun - LA Times
Mortgage Bankers Push for New Federal Loan Guarantee Program - Bloomberg
FHA on track for busiest year as it backs 23% of mortgages - USA Today

FED/TREASURY/BANKING
Weekly Audit: Four More Years of Bailout Ben - Huffington Post
Austrians vs. Keynesians: The end of the Federal Reserve - Creative Loafing
Ron Paul takes on the Federal Reserve with HR 1207 - Examiner
Don't Punish Fed With Audit - Kimberly's Economy Blog

INTERESTING
The Article Cash4Gold Doesn't Want You To Read - Consumerist
San Gabriel Mountains a daunting place to fight fire - LA Times
Mormons Become Victims in $50M Scam to Sell Gold Bullion - Bloomberg
Arrest made in theft ring that hit Bernankes - Reuters

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