Tuesday morning links

TOP STORIES
CIT delays report, could have to file for bankruptcy - Reuters
Blodget Interviews Spitzer, His Former Nemesis - NY Times
China’s July New Lending Cools, Easing Risk of Asset Bubbles - Bloomberg
Stimulus Funds Bring Relief to States, but What About 2010? - Wash. Post
How Uncle Sam Owns Ken Lewis - New York Magazine
Local currencies cash in on recession - LA Times
Guest Post: Dear Goldman Clients - Zero Hedge
Good Riddance, Ben Stein - The Big Picture

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MARKETS/INVESTING
Oil below $71 ahead of US Fed meeting - AP
So You Want to Be an Oil Speculator? - Time
Dow sending buy signals, according to theory - MarketWatch
“It’s a Dow Theory Buy Signal; so sell!” - Saut, Raymond James
Gasoline prices near their peak - CNN/Money

ECONOMY
Productivity Surges, Labor Costs Down - Bloomberg
U.S. recession seen ending in third quarter - Reuters
Slow Long-Term Growth, And Government's Response - Investor Insight
Companies squeeze more work out of reduced staffs - USA Today
The Fog of Numbers - Kunstler, CFN

INTERNATIONAL
S&P downgrades Baltic states' debt ratings - Telegraph
Here's how China is fleeing the U.S. dollar - Daily Wealth
A bad week for China’s facts and figures - FT AlphaVille
BOJ Focuses on Risks to Recovery, Keeps Rate at 0.1%, - Bloomberg
Bank of Korea keeps rates on hold as widely expected - MarketWatch
Russia GDP Shrank 10.9% Last Quarter as Slump Deepens - Bloomberg
China July CPI down 1.8% on year, PPI down 8.2% - CHINADaily
U.K. house price decline eased in July: RICS - MarketWatch

REAL ESTATE
Shadow units cast pall - Crains
Zillow: Underwater Mortgages May Reach 30% by Mid-2010 - Bloomberg
How To Avoid Foreclosure By Declaring Bankruptcty - Blown Mortgage
Fixing foreclosures with a right to rent - Fortune

FED/TREASURY/BANKING
Troubled Assets May Still Pose Risk - NY Times
Fed not ready to use other R-word: Recovery - CNN/Money
Bernanke Succeeds Bernanke in Betting Echoing Lawmakers’ Choice - Bloomberg
Distressed-debt deals in 2009 reach $84.4 billion - Reuters

INTERESTING
Cattle rustling on the rise again in Texas - LA Times
House trims jet requests after Pentagon criticism - MarketWatch
US judge denies Goldman motion on ex-programmer - Reuters
Oil-short Cuba returns to use of oxen on farms - TulsaWorld

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