REMINDER: All investment, economics, and finance related material now appears at the new IaconoResearch.com. For the time being at least, this has become a personal blog covering a variety of mostly unrelated topics.

Back Tomorrow…

We’re off to Yellowstone today for a much needed quick little break. If not for the fact that a little more life gets sucked out of us each and every day as part of the process of trying to get the bank to respond to our short sale offer (it looks like we’ll easily make it to the four month mark in another couple weeks), some items would have been scheduled to appear here later today, but the energy required to arrange that just couldn’t be mustered…

This is the Madison River at Madison Junction where the bison (no, not buffalo) like to hang out, sometimes mixing it up with the elk  – give it a click for a ginormous image.







Thursday Morning Links

MUST READS
World stocks rise, growth concerns temper gains – AP
Debt crisis just beginning, Morgan Stanley says – Fortune
Obama, Mindful of Elections, Holds Economic Talks – NY Times
Official China Data Masks Surge in Housing, Food Prices – Bloomberg
Fresh flight to Swiss franc as Europe’s bond strains return – Telegraph
Kotlikoff: Retiree Ponzi Scheme Is $16 Trillion Short – Bloomberg
Markets look to Bernanke for guidance – Washington Post
It pays to riot in Europe – Telegraph

MARKETS/INVESTING
Oil rises above $73 amid stronger stock markets – AP
Cloudy economic outlook boosts gold for third day – Reuters
Double-Dip Coming — 20-25% Pullback Likely: Strategist – CNBC
Savers Pay U.S. Banks to Keep Cash as Rates Dip, Fees Multiply – Bloomberg
Gold Investment surges as investors change their mindset – Mineweb
Precious metals decouples from Dow – Commodity Online
Is bond market forming a bubble? – MarketWatch

ECONOMY/WORLD/HOUSING/BANKING
US economy is slowing more than the Fed has recognised – FT
Fiscal Austerity and “Third World America” – Baseline Scenario
David Rosenberg: We’re In A Depression, Not A Recession – HuffPost
Japan government econ plan to call for BOJ easing: media – Reuters
Ireland’s `Vicious Circle’ Leaves Banks Facing Higher Debt Cost – Bloomberg
China learns what ‘rising star’ really means – MarketWatch
FHFA: Home Prices Decline 1.6% in Second Quarter – Bloomberg
The Housing Bubble: The Economists Should Have Known – newgeography
Bernanke to Offer Outlook as Fed Weighs Bolder Steps – NY Times

 
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