MUST READS
Iran ‘to accept payment in gold for oil’ – BBC
Bernanke to face pressure on interest-rate policy – AP
ECB allots $713 billion to banks in LTRO – MarketWatch
Euro-Area Banks Tap ECB for Record Amount of Cash – Bloomberg
ECB’s cheap money has just turned toxic banks into zombie banks – Telegraph
The World from Berlin: Second Bailout for Greece ‘Will Not Be the Last’ – Spiegel
Paying Cash for that Latte? It May Land You on FBI’s Terrorist List – New Americsn
US Treasury Department cuts Iran’s cash pipeline, sources say – Fox News
Wyoming narrowly defeats measure to prepare for apocalypse – Reuters
Stockman: America has ‘reached the point of no return – rawstory
New central bank cash glut risks “monetary anarchy” – Reuters
ECB + LTRO = Mr. Creosote? – Macro Man

MARKETS/INVESTING
Oil near $107 after mixed U.S. demand signs – AP
Gold futures pull back after ECB lending results – MarketWatch
Wall Street was never on your side – Abnormal Returns
Risk On: Was 2008 Just a Bad Dream? – Businessweek
Why it took the Dow so long to eclipse 13K – MarketWatch
Understanding The Current Oil Market – DOTE
Are bonds only for scaredy cats? – CNN/Money
Is the silver surge sustainable? – Mineweb
Major upside breakout on Silver chart? – Peter Brandt
Is the silver surge sustainable? – Mineweb
Golden Boy – The Big Picture

ECONOMY/WORLD/HOUSING/BANKING
More on Potential GDP and the Output Gap – Econbrowser
India growth slows to 6.1%; rate-cut hopes up – MarketWatch
Germany’s Jobless Rate at Lowest in Two Decades – Bloomberg
Draghi Bazooka has not yet stopped Club Med money collapse – Telegraph
Chinese Lawmakers’ Showdown Over Property Curbs Simmers – Bloomberg
Surging sales point to strength in China’s property market – Sober Look
As Home Prices Fall Further, Is It Time to Buy? – CNBC
LA/OC home prices at 30-month low – O.C. Register
Ben Bernanke was a market monetarist (in 2003) – Money Illusion
Bullard: Conditions Ripe for Inflation Inferno – WSJ
Fed Watch: Opportunistic Disinflation? – Fed Watch