Wednesday Morning Links

MUST READS

Obama’s sequestration strategy: Shame – Politico

The blame game over sequestration – Washington Post

With Cutbacks Days Away, Obama Pressures GOP – NY Times

Simpson: Debt Could Make Obama a “Failed” President – Fiscal Times

U.S. Banks Bigger Than GDP as Accounting Rift Masks Risk – Bloomberg

China loves the US dollar again as America roars back – Telegraph

Forget the big comeback; Detroit focuses on what can be saved – Reuters

The College Whose Graduates Have A 62% Student Loan Default Rate – Zero Hedge

California’s budget windfall could end soon, officials say – LA Times

Boomers face credit-card quandary as economic doldrums bite – Reuters

Milton Friedman Warns Fed Against Fooling Mother Nature – Bloomberg

Millions expect to outlive retirement savings – CNN/Money

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MARKETS/INVESTING

Oil price rises ahead of US housing data – AP

Gold drops to six-month low ahead of FOMC minutes – Reuters

S&P closes at 5-year high as U.S. stocks gain – MarketWatch

Ten-year Treasury yield hits 10-month high – MarketWatch

They’re drilling, baby, and gas prices still go up – McClatchy

How to know when it’s time to leave the party – MarketWatch

Gold Bull Market `Still Intact’ Says HSBC’s Respected Steel – GoldCore

Daily Nugget – Gold awaits FOMC and the next catalyst – The Real Asset Co.

It Only Takes Two Charts To Explain The Collapse In Gold – BI

Gold could extend losses on looming ‘death cross’ – Reuters



ECONOMY/WORLD/HOUSING/BANKING

The Rise of the Robots – Project Syndicate

Misinterpretations in Mainstream Economics – Unlearning Economics

Forecasters wrong about a recovery just around the corner – Washington Post

King Defeated in QE Vote as BOE Broadens Policy Debate – Bloomberg

‘Land Grabbing’: Foreign Investors Buy Up Third World Farmland – Spiegel

Japan trade deficit hits record as yen weakens – BBC

Shinzo Abe Is Brave, But Is He Wise? – Bloomberg

Mortgage applications continue to sink – Housing Wire

Inside the mortgage companies freaking out the Fed – Fortune

Fed Message Will Be Dovish Despite Ruffled Feathers – CNBC

And the Pressure on the Bank of Japan Rises – Fed Watch

Equipping the Fed for a Future Crisis – NY Times

via Iacono Research http://iaconoresearch.com/2013/02/20/wednesday-morning-links-123/