Monday morning links

TOP STORIES
• Madoff due in court for sentencing today - AP
• Zhou Says China Won’t Change Reserve Policy Suddenly - Bloomberg
• Buy-and-hold stock strategy can be big loser in bear market - USA Today
• Can Obama keep up with falling home prices? - CNN/Money
• A Plan to Stem Foreclosures, Buried in a Paper Avalanche - NY Times
• Recovery threatened by toxic assets still hidden in key banks - Guardian
• The Science of Economic Bubbles and Busts - Scientific American
• Madoff's day of reckoning comes - CNN/Money

MARKETS/INVESTING
• Here comes the second half - CNN/Money
• IEA Cuts Oil Demand Outlook on Economic Slump - Bloomberg
• India gold imports plunge to 10 tons in June - Commodity Online
• Real estate ETFs rest on shaky foundation - MarketWatch
• Why Investors Bet on Bankrupt Companies - NY Times
• What Really Backs the U.S. Dollar? - Seeking Alpha

ECONOMY
• Rising national debt raises prospects of eventual inflation - USA Today
• Economy Lending To Poor Travel Numbers For 4th Holiday - WITN
• A Recession Measured by New-Home Sales - Norris, NY Times
• Green Shoots and a Grain of Salt - Hussman Funds
• Weak economy will zap holiday trips, AAA says - AP

INTERNATIONAL
• China Bank Lending Funneled Into Stocks, News Says - Bloomberg
• Dollar to Rise Most Since 1981, Best Predictor Says - Bloomberg
• China, Brazil reported planning currency trade deal - MarketWatch
• VW denies having issued ultimatum to Porsche - Reuters
• Swiss Banks Shun Americans as U.S. Compels Disclosure - Bloomberg
• China reported planning massive boost to oil reserves - MarketWatch
• Japan’s Factory Output Rises 5.9%, Third Monthly Gain - Bloomberg
• Nearly completed high-rise collapses in Shanghai - Reuters

HOUSING
• Frenzied bidding on discounted foreclosures - O.C. Register
• We'll Rent For A Year, Then Sell When Market Comes Back - Clusterstock
• Appraiser Viewpoint - Truth About Mortgage
• U.S. Housing Bottom - Wealth Daily

FED/TREASURY/BANKING
• BIS: Central Banks May Be Late to Raise Interest Rates - Bloomberg
• FOIAing The Fed: The AIG Bankruptcy Negotiations - zero Hedge
• The Bush-Obama Strategy of Throwing Billions at Banks Doesn't Work - Alternet
• What part of "bankrupt" don't you get? - Examiner

INTERESTING
• Under-bite helps Pabst become World's Ugliest Dog - AP
• When Hammering, Women Nail It - LiveScience
• Billy Mays, star pitchman, dead at 50 - CNN/Money
• Monkeys fall for visual illusion - BBC

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