Tuesday morning links

TOP STORIES
Congress Is Politicizing the Fed - Fisher, WSJ
Fed is 'playing with fire': Grantham - MarketWatch
Obama to Seek Freeze on Some Spending to Trim Deficits - NY Times
Schwarzenegger's budget plan puts unions in the cross-hairs - LA Times
The Supreme Court's Ruling: What Would Milton Friedman Say? - Fox, HBR
Federal Reserve Moral Hazard Smoking Gun - Zero Hedge
Deleverage This, My Friend - Infectious Greed
Legalize Competing Currencies - Ron Paul
Swingtime - Kunstler, CFN

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MARKETS/INVESTING
Oil below $75 as stock markets fall, dollar gains - AP
Gold slips below $1,090/oz as dollar firms - Reuters
Market May Crash if US Policies Continue: Dick Bove - CNBC
CalPERS loses $500 million on New York apartment deal - LA Times
You'll Need More Than You Think - MarketWatch
Dow 4,000 -- then 21,000? - MarketWatch

ECONOMY
Home Prices Rise for 6th Straight Month in Nov. - ABC News
Walmart's Layoffs Raise Serious Questions - HuffPost
1,250 axed auto dealers file to appeal shutdown - CNN/Money
Obama plans to help a middle class `under assault' - AP
A Time for Action: Jobs, Prosperity and National Goals - HuffPost

INTERNATIONAL
Britain exits worst recession in decades - Telegraph
Some China banks reportedly told to hike reserves - MarketWatch
Chavez Currency ‘Burn’ Failing as $93B Leaves Venezuela - Bloomberg
European Union Sees Threats to the Euro - Spiegel Online
Korea’s Slowing Growth May Escalate Pressure on BOK - Bloomberg
Japan’s High Debt Prompts Credit Rating Warning - NY Times
Bank of China, Construction Bank Start Curbing Credit - Bloomberg
Bad good news on the economy - Conway, Telegraph

REAL ESTATE
Existing home sales fall almost 17% nationwide - Baltimore Sun
San Diego Real Estate: The Year of the Strategic Mortgage Default - Realty Times
Fannie and Freddie Are Dead. What's Next? - Motley Fool
Housing: Government as Casino Player - Seeking Alpha

FED/TREASURY/BANKING
Warning: Capt Bernanke's sinking the U.S.S. Titanic - MarketWatch
Fed Weighs Interest on Reserves as New Benchmark Rate - Bloomberg
'Populist ire' keeps Bernanke short of needed Senate votes - LA Times
Fed bashers: Washington's odd couple - Fortune

INTERESTING
US to lift 21-year ban on haggis - Guardian
Sobs and Growls Come Across In Any Language - LiveScience
How gold created liquidity in 1907 market crash - Commodity Online
Untidy beds may keep us healthy - BBC

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