Monday morning links

TOP STORIES
• World stocks spiral lower on fresh financial woes - AFP
• A Rising Dollar Lifts the U.S. but Adds to the Crisis Abroad - NY Times
• Depression Dynamic Ensues as Markets Revisit 1930s - Bloomberg
• AIG warned of global turmoil before rescue - Reuters
• GOP Leaders Criticize Bank, Budget Plans - Wash. Post
• More Debt Won’t Rescue The Great American Ponzi - Option Armageddon
• What does one TRILLION dollars look like? - Page Tutor
• Miami Herald owner to cut 1,600 jobs - CNN/Money

MARKETS/INVESTING
• Oil rises on possible OPEC supply cuts - CNN/Money
• Gold steadies off lows as equity weakness supports - Reuters
• Stocks fall back in Europe and Asia - IHT
• If only we'd kept our cash under the mattress - Guardian
• Up Next: The Obama Bounce? - Panzner, Huffington Post
• Hedge funds turn to gold - Financial Times

ECONOMY
• Buffett says economy fell off cliff - Reuters
• Even the employed suffering during economic crunch - USA Today
• Recession Sends Lawyers Home - ash. Post
• Recession on track to be longest in postwar period - AP
• An L of a recession – reform is the way out - Financial Times

INTERNATIONAL
• Nikkei marks lowest close in 26 years - MarketWatch
• Global Economy to Shrink First Time Since WWII - Bloomberg
• Bean: BOE has scope to take more action - Telegraph
• Latvia Faces Bankruptcy by June If IMF Loan Delayed - Bloomberg
• Lloyds shares drop as government stake increases - MarketWatch
• Georgia, a Nation Stalled On the Road to Democracy - Wash. Post
• Summers: Global growth coordination needed - CNN/Money
• It's a crisis, but in the eurozone it's a total catastrophe - Telegraph

HOUSING
• Outside buyers drawn to Detroit's foreclosed homes - AP
• Sarcramento struggles with spiralling homelessness problem - Telegraph
• Rare NYC foreclosure auction yields deals, some protest - AP
• Some Sacramento homebuyers walk away from big loans - Sac Bee

FED/TREASURY/BANKING
• Geithner faces economic tsunami without a fully staffed department - IHT
• As big banks falter, community banks do fine - CSM
• Bankrupting Leverage: Are We A Zombie Nation? - YMOYL
• Republican senators say some big banks can fail - MarketWatch

INTERESTING
• Obama Disses Economics Blogs - Business Insider
• Buying a car, drive a hard bargain - CNN/Money
• CNBC made itself an easy target for Jon Stewart - MarketWatch

###