Wednesday morning links

TOP STORIES
• Fed to hold fire on buying, talk down rate hikes - Reuters
• Citigroup Plans to Raise Salaries by as Much as 50% - Bloomberg
• Cheatsheet: What to Look for From the Fed - WSJ Econ Blog
• Eichengreen and O’Rourke: A Tale of Two Depressions - DebtWatch
• Common Fallacies About Inflation and Deflation - Jesse's Cafe
• Reform of regulation has to start by altering incentives - Wolf, FT
• State budget plans are built with fiscal gimmicks - LA Times
• Airlines renew call for rules on oil speculators - Calgary Herald
• Too big to fail is too big - Buiter, FT

MARKETS/INVESTING
• Crude falls ahead of U.S. supply data - MarketWatch
• Bullion & Metals: China frightens Commodity Bulls - Commodity Online
• OPEC, EU say regulation needed to stop oil bubble - Guardian
• China and IMF Gold Sales; The Real Story - GoldSeek
• Should Mexico Stop Exporting Oil? - Gregor
• New ETF May Be Best Infrastructure Play - TheStreet

ECONOMY
• Durable-goods orders rise for third time in four months - MarketWatch
• The Global Saving Glut: Rest in Peace? Mirage? Bete noir? - EconBrowser
• O.E.C.D. Improves Outlook for Economy - NY Times
• Tom Adkins: Economic Recovery Will Be Strong - HAI
• A Lost Decade for Jobs - BusinessWeek

INTERNATIONAL
• Fading of the Dollar's Dominance - Washington Post
• China buys Addax for £4.4bn to tap Iraqi oil - Telegraph
• OECD Predicts Deeper German Recession - Bloomberg
• Pensions crisis to hit millions of workers - Telegraph
• Swiss franc slides on rumored intervention - MarketWatch
• Japan Export Slump Deepens, Casting Doubt on Recovery - Bloomberg
• China's overdue credit-card debt increases - MarketWatch
• ECB Lends Record 442B Euros for 12 Months - Bloomberg

HOUSING
• Realtors: Blame the Appraisers - Norris, NY Times
• 7 lenders escape state foreclosure moratorium - O.C. Register
• Were appraisers late to the price collapse? - O.C. Register
• Loan Modifications Up 57% in Q1 - ZillowBlog

FED/TREASURY/BANKING
• The inflation vs. deflation debate - CNN/Money
• Behind the Scenes, Fed Chief Advocates Bigger Role - NY Times
• Obama on Bernanke and the Fed - WSJ Econ Blog
• Pushing on a String - North, Lew Rockwell

INTERESTING
• Ed McMahon dies at 86 - LA Times
• The Mystery Man Who Bought Ed McMahon’s House - WSJ Dev. Blog
• Joan Rivers Selling Upper East Side Penthouse for $25 Million - ZillowBlog
• Obama fesses up to smoking habit - LA Times

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