Tuesday morning links

TOP STORIES
• Goldman Reports Big Profit, Beating Forecasts - NY Times
• Oil's Puzzling Spring Surge Reignites Debate About Speculators - Wash. Post
• CIT Rises on ‘Active’ Talks for U.S. Aid Before Debt Maturity - Bloomberg
• Don't Buy Brown and Sarkozy's Oil 'Speculations' - Real Clear Markets
• Lingering questions Wall Street needs to answer - MarketWatch
• Big banks try to extend winning streak - CNN/Money
• Options dwindle for cashing California IOUs - AP
• Wobble Time - Kunstler, CFN

Get these links delivered to your inbox every day.

MARKETS/INVESTING
• Crude futures rise, rebounding after recent declines - MarketWatch
• Rising gold-gold stocks ratio and what it means? - Commodity Online
• Speculators leave oil market as regulator mulls crackdown - MarketWatch
• U.S. banks still dominate COMEX gold, silver shorts - Stockhouse
• Are your retirement assumptions realistic? - CNN/Money
• “Getting, Keeping, Losing!” - Saut, Raymond James

ECONOMY
• Retail sales rose 0.6 percent in June - Reuters
• Producer Prices Rose in June as Gasoline Surged - Bloomberg
• Stimulus spending finally starts to trickle down - USA Today
• Here comes the recovery. Honest. - CNN/Money
• Debt and Deflation - Investor Insight

INTERNATIONAL
• Euro industry output down 17 pct in May - AP
• China Needs to Keep Reining in Loans, Researcher Say - Bloomberg
• Trichet: Why the ECB Isn’t Acting Like the Fed - WSJ Economics Blog
• Mexico Faces ‘Unsustainable’ Gap, Morgan Stanley Says - Bloomberg
• As China hoards, concern grows about recovery - Globe Investor
• DPJ’s Nakagawa Says Japan Should Diversify Reserves - Bloomberg
• Medvedev given first coin of future supranational currency - Ria Novasti
• China Casts an Acquisitive Eye on U.S. Assets - Time

HOUSING
• U.S. mulling mortgage aid for unemployed - Reuters
• Assessor: Taxes can rise when home values fall - O.C. Register
• Best Places to Live, 2009 Edition - CNN/Money
• The Billyburg Bust - New York Magazine

FED/TREASURY/BANKING
• US budget deficit tops $1t for 1st time - ChinaDaily
• Treasuries Fall as Rally in Asia Stocks Erodes Demand for Debt - Bloomberg
• U.S. Considers Rescue of Major Small-Business Lender - Wash. Post
• Fed Independence or Fed Secrecy? - Texas Straight Talk

INTERESTING
• Madoff on his way to the slammer - CNN/Money
• Even in Downturn, a London Banker’s Party Goes On - Dealbook
• BusinessWeek won't be last big title up for sale - MarketWatch
• L.A. to pick up its tab for Jackson memorial, mayor says - LA Times

###