MUST READS
ECB to Meet Amid Calls for It to Print Money – CNBC
Hedge funds lock horns with IMF on Greek debt – Reuters
EU threatens action against Hungary over deficit – BBC
Europe Banks Resist Draghi Bid to Avert Credit Crunch – Bloomberg
Europe’s Pension Threat Grows as Economy Sputters – Bloomberg
Credit Card Firms: They Don’t Just Steal From Cardholders – Taibblog
Corzine Sued by Montana Farmers Over MF Global Money – Bloomberg
The Fed’s Incredible Rate Forecasting Hubris – Forbes
Complex Systems and Catastrophic Collapse – Dollar Collapse
The 10 worst states for retirees in 2012 – MarketWatch
Iran and the West Rediscover Oil as Weapon – Spiegel
The Japan Story – Baker, CEPR

MARKETS/INVESTING
Oil dips to $101 as Iran embargo talks falter – AP
Gold toys with one-month high as demand blooms – Reuters
Doug Kass: Ten Reasons to Rally – The Street
The ‘first five days of January’ indicator – MarketWatch
Gold Is Investors’ Favorite Asset in 2012: Poll – CNBC
Chart of the Day: The Shanghai Bounce – Credit Writedowns
Not enough gold! What’s the solution? – Mineweb
US Mint Silver Sales Surge in First Few Days of 2012 – Zero Hedge
Despite recent dip, gold will provide a safe haven in 2012 – Mineweb
Charting The Price Of Gold… All The Way Back To 1265 – Zero Hedge

ECONOMY/WORLD/HOUSING/BANKING
Will Obama break even on jobs? – CNN/Money
For those hurting most, Fed’s remedies limited – WaPo
Europe’s Crisis Is Germany’s Blessing – Spiegel
Data Show German Economy Stalling – NY Time
Europe’s Vicious Spirals – Project Syndicate
Mafia now “Italy’s No.1 bank” as crisis bites – Reuters
Calif. house price drop 7th biggest in U.S. – O.C. Register
Twelve housing themes for 2012 – MarketWatch
Bernanke Doubling Down on Housing Bet Asks Government to Help – Bloomberg
Fed Turns Over $77 Billion in Profits to the Treasury – NY Times
Fed officials signal more action may be needed – Reuters
Output Gaps and Inflation – Fed Watch