MUST READS
What’s going on in Japan? – Economist
Japan’s Nikkei dives a further 5% – BBC
Japan Market Plunges, Then Futures Surge On New Rumor – BI
Exclusive: Japan public pension mulls shift after stock rally – Reuters
No saviour in sight as world credit cycle rolls over – Telegraph
Volcker Cautions Federal Reserve May ‘Fall Short’ – Bloomberg
Analysis: Housing price gains mask lingering market weaknesses – Reuters
Blankfein Leads Bank CEO Pay With $26 Million Deemed Overpaid – Bloomberg
Risk of Bank Failures Is Rising in Europe, E.C.B. Warns – NY Times
Is Wall Street literally writing America’s laws now? – The Week
Critics Say Consumer Bureau is an Overreaching Monster – Fiscal Times
America’s Misplaced Deficit Complacency – Project Syndicate
Federal disability trust fund on the brink – CNN/Money

MARKETS/INVESTING
Oil posts gain, stays in $93-a-barrel range – AP
Gold at 1-week high, downside risk remains – Reuters
Oil guru says US shale revolution is ‘temporary’ – FT
USA Today’s Headline—A Market Top Signal, Maybe – CNBC
Shares, dollar under pressure on Fed stimulus jitters – Reuters
Consumer Confidence: Yet another reason to be scared – MarketWatch
Risky derivatives make return for returns’ sake – Reuters
Will the End of QE Lead to a Bond Meltdown? – Naked Capitalism
Why QE phase-out fears are not pulling Gold down – Commodity Online
Singapore gold bar premiums touch new highs on tight supply – Mineweb

ECONOMY/WORLD/HOUSING/BANKING
The Fed is keeping the economy afloat – Washington Post
Euro-Area Economic Confidence Climbs Amid Recession – Bloomberg
New BoE chief Carney will devalue sterling, Pimco warns – Telegraph
Draghi vs. Germany: ECB President Surrounded by Critics – Spiegel
Bank of France Seeking Yuan Liquidity Agreement for Euro Area – Bloomberg
Brazil’s Central Bank Raises Rate and Some Eyebrows – WSJ
China’s Shuanghui to buy US pork producer for $4.7bn – BBC
British house prices are ‘31pc too high’ – OECD – Telegraph
Big Investors Exit Housing As “Stupid Money” Jumps In – Zero Hedge
Rising Mortgage Rates, Home Prices a Lethal Brew – CNBC
A housing bubble era loan makes a comeback, with a twist – Fortune
Is the Fed Right to Calibrate Asset Purchases to Economic Data? – CFR
The Fed’s tricky messaging: Tapering is not tightening – Washington Post
QE: Because Nobody’s Got Any Better Ideas – It’s Not That Simple