MUST READS
Greeks clean up after riots against austerity – AP
Germany’s Carthaginian terms for Greece – Telegraph
Greece Bailout Now Faces European Finance Chiefs – Bloomberg
OECD flags signs of broader upturn in economic outlook – Reuters
Economists Warn of Long-Term Perils in Rescue of Europe’s Banks – NY Times
Foreclosures to Climb Before Bank Deal Helps U.S. Housing Market – Businessweek
Some States Using Mortgage Deal Funds To Close Budget Gaps – HuffPost
Toronto Bubble Risk Topping New York in Condos – Bloomberg
Mortgage problems? Turn your house into a billboard – Reuters
Why not abolish the Fed and return to the gold standard? – EconBrowser
Charting the Federal Reserve’s Assets – 1915 to 2012 – Gresham’s Law
On Meredith Whitney, Munis and Leaks – Bruce Krasting

MARKETS/INVESTING
Oil prices rise after Greek austerity deal – AFP
Gold climbs as Greek austerity deal lifts euro – Reuters
2011 market losers may be 2012 winners – USA Today
Is The New Abnormal On Its Last Legs? – Capital Spectator
Bond Buyers Bet U.S. Debt Yields Stay Low – Bloomberg
U.S. gasoline price rises to $3.51/gallon-survey – Reuters
Conflict between Iran, West could raise gold prices – Commodity Online
Why Warren Buffett still doesn’t like investing in gold – Mineweb
Surging gold loans in India come under scrutiny – Mineweb
Gold breaks on cue — is rebound coming? – MarketWatch

ECONOMY/WORLD/HOUSING/BANKING
Cyclical Changes in Business Conditions – Mises
White House: ‘Not Time for Austerity’ – Reuters
Bernanke’s Labor Pessimism at Odds With U.S. Growth – Bloomberg
The spectre of deflation rises as inflation falls – Telegraph
Japan economy contracts annualized 2.3% in Q4 of 2011 – xinhuanet
Draghi $158B Free Lunch Boosts Bank Profits – Bloomberg
Two-thirds of mortgages in Ireland in negative equity – Independent
Private Homebuilders: Dead Men Walking – CNBC
O.C. home price at 34-month low – O.C. Register
Banks benefit from foreclosure settlement – O.C. Housing News
Should we break up the large banks? – Marginal Revolution
It’s Worse Than You Think – Fed Watch