MUST READS
Germany and France in debt deal – BBC
ECB said to accept temporary Greek default – Reuters
Obama opens door to short-term debt deal – Washington Post
Why debt-ceiling brawl hasn’t rattled bonds, yet – MarketWatch
Franco-German axis loses its wheels – Telegraph
Fed planning for potential U.S. default – Financial Post
HSBC’s China flash PMI points to contraction – MarketWatch
High-End Prostitute Bust has Folks on Wall St. Sweating – CNBC
Too Big To Fail Remains Bigger Problem Than Ever – HuffPost
Brian Sack Hints What QE3 Will Look Like – Zero Hedge
Brussels fiddles while Rome burns – Telegraph

MARKETS/INVESTING
Oil falls below $98 as US debt deadline looms – AP
Gold hovers around $1,600/oz; euro zone summit eyed – Reuters
Massive short squeezing on the way for Silver – Commodity Online
The Shape Of Market Bubbles, With A Special Look At Gold – Business Insider
Yukon Once Again a Leading Address for Gold Exploration – StockHouse
Asian investors stricken by gold fever on record price – Reuters
Selling gold: How much that old ring is worth now – CNN/Money
Investors again pay big for dot-com stocks – USA Today
Gold Push Unlikely to Be Scrapped – WSJ($)

ECONOMY/WORLD/HOUSING/BANKING
U.S. Consumers Relying on Credit – Bloomberg
Why we’ll have 10% unemployment soon – MarketWatch
Is the Balance Sheet Recession View “Inadeqate”? – PragCap
Gold Is Truth, Unchained CPI Leads To A Dog-Food Diet – Forbes
Global slowdown signs strengthen, debt crisis weighs – Reuters
China Risks Inflation, Property Price Bubble: IMF – IBT
Role reversal: Latin America taunts US on debt woes – Reuters
Dubai house prices keep on falling as market bust deteriorates – al Arabiya
NY Times Piece Echoes Right-Wing Falsehood On Financial Crisis – Media Matters
Zillow shares surge on their opening day – LA Times
Has Housing Bottomed? Here’s How to Tell – Of Two Minds
The central bankers’ worry lists – FT Alphaville
The Fed’s scary doomsday drill – Fortune