TOP STORIES
Doubts on European Central Bank Amid Crisis – NY Times
Double-dip fears over worldwide credit stress – Telegraph
Junk Bonds Widen to Most Since December Following Forced Sales – Bloomberg
Wall Street ‘Popping Champagne’ Over Watered-Down Financial Reform Bill – HuffPo
Private pay shrinks to historic lows as gov’t payouts rise – USA Today
Study: Global Banks May Need $1.5 Trillion in Capital – Bloomberg
Outlook remains stable on U.S. AAA rating: Moody’s – Reuters
Home values headed to new lows? – CSM

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MARKETS/INVESTING
Oil climbs 3 percent to above $70 – Reuters
SPDR Gold ETF at new record as markets crash – Mineweb
World stocks up, but traders wary on Europe, Korea – AP
Money managers go for the gold in market rout – and beyond – Reuters
James Montier Debunks Traditional Asset Allocation Theory – Zero Hedge
Q1 Indian gold purchases seen as robust – WGC – Mineweb

ECONOMY
Europe Pain May Impede U.S. Upturn – NY Times
Larry Summers Makes The Case For Another Round Of Stimulus Spending – HuffPo
Database shows $12.2 billion in Bay Area public employee salaries – Contra Costa Times
Price of single-family homes drop for sixth straight month – Washington Post
Stock volatility overshadows, threatens economic recovery – McClatchy

INTERNATIONAL
EU proposes new tax on banks – Telegraph
Chinese Economy Treads Risky Path. (Ask Japan.) – NY Times
Italy’s Tax Crackdown Steers Away Superyachts, Business – CNBC
OECD Raises Growth Forecasts as Emerging Nations Drive Recovery – Bloomberg
Spectre of Europe’s debt crisis looms over nascent economic recovery – Globe and Mail
Tighter Credit in Europe Tied to Turmoil in Stock Markets – NY Times
World’s Cheapest Greek Stocks Resist Low on Debt Risk – Bloomberg
Bring back the drachma – Rubin, Globe and Mail

REAL ESTATE
Is the Housing Market on the Rebound? – Time
Losses to continue at Fannie and Freddie: regulator – Reuters
New $3bn Foreclosure Prevention Program Added to Wall Street Reform Bill – HousingWire
Home prices in March up from last year but down from February – NY Times
Shadow Inventory Could Take Four Years to Clear – HousingWire

FED/TREASURY/BANKING
Three Fed banks wanted discount rate hike in April – Reuters
Bernanke Says Central Banks Must Be Free of Pressure – Bloomberg
US Inflation Expectations ‘Very Stable’: Fed’s Bernanke – CNBC
Hey, Mortgage Industry: Nobody Trusts You – WSJ

INTERESTING
The Highest-Paid Public Speakers (PHOTOS) – HuffPo
Customer stuck with counterfeit money from the post office – LA Times
Mysterious ‘Monster’ Washes Up on Canadian Shore – LiveScience
Bishop of Croydon calls on God for World Cup help – BBC