MUST READS
Summers pulls out of US Federal Reserve race – BBC
Janet Yellen is again the frontrunner for Fed chair – CNN/Money
Translated into Truth: On Summers Withdrawing Name – The Big Picture
Ding Dong, the Witch is Dead, Summers Withdraws – Naked Capitalism
Ex-Treasury seretary Summers had hand in too many bad decisions – MarketWatch
Why Academic, Money-Printing, Central Bankers Will Not Change – aucontrarian
BIS veteran says global credit excess worse than pre-Lehman – Telegraph
Six Reasons Vladimir Putin Is Primed for a Fall – Fiscal Times
Oakland residents hire private security guards – SLO Tribune
Blinder, Summers and Monetary Policy – Noland, Prudent Bear
Central bankers running out of road – Fleckenstien, MSN Money
Why Lehman Wasn’t Rescued – NY Times
Baby Steps – Hussman Funds

MARKETS/INVESTING
Stocks buoyed by Summers’ withdrawal from Fed race – AP
As Fed ‘taper’ looms, so do market surprises? – USA Today
Investors brace for clarity on Fed’s taper – CNN/Money
The peak in world oil production is yet to come – Econbrowser
Mom and pop are still not believers in the market – CNBC
Treasuries: Pimco Says Summers Withdrawal Is Supportive – Bloomberg
Gold slips on prospects of U.S. Fed tapering soon – Reuters
COMEX gold: Will the hedge fund sharks smell blood in the water? – Seeking Alpha
Rationale For Owning Gold In The Coming Deflationary Bust – GoldSilverWorlds
Gold Bulls Cut Wagers as Goldman Sees More Losses – Bloomberg
Fed, LBMA, Comex & Banks On The Edge Of Disaster – KWN

ECONOMY/WORLD/HOUSING/BANKING
On the Possibility of Hyperdeflation – Azizonomics
Employment gap between rich, poor widest on record – AP
Obama says Republicans blocking efforts to fight inequality – The Hill
China to meet 7.5% growth target: World Bank – Channel News Asia
Analysis: Europe, waiting for Germany, could be disappointed – Reuters
Indian Inflation Unexpectedly Quickens Before Rajan Review – Bloomberg
Record Household Debt in Canada: $1.63 For Every Dollar Earned – HuffPost
Scrapping Help to Buy akin to removing life support in intensive care – Telegraph
No Confidence in China Markets Inflates Housing Bubble – Bloomberg
Bay Area home prices, sales fall in August from July – LA Times
Goldman and Merrill economists on “Tapering” – Calculated Risk
Cooling economy complicates Fed plans – MarketWatch
Slackers at the Fed – Krugman, NY Times