Wednesday Morning Links

MUST READS

Bernanke Resuscitates QE, Downplays Risk and Cost – Bloomberg

Bernanke says Fed stimulus benefits clear, downplays risks – Reuters

Bernanke Affirms QE Pace While Dismissing Balance Sheet Concerns – Bloomberg

Elizabeth Warren, Ben Bernanke Clash Over ‘Too Big To Fail’ – HuffPost

Sequester will sock a vulnerable economy – Washington Post

Sequestration Crisis Makes Me Want to Strangle Both Sides – Taibblog

Italy’s borrowing costs surge after election stalemate – BBC

Italy’s ‘Childlike Refusal to Acknowledge Reality’ – Spiegel

ECB bond plan in jeopardy after Italy’s vote – Telegraph

Young adults are too broke to get loans – CNN/Money

Hurray for Washington! – Independent Institute

Why We’re In This Mess – Money Illusion

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MARKETS/INVESTING

Oil rises amid Fed commitment to low rates – AP

Gold retreats after post-Fed rally – Reuters

The myth of the Great Rotation – CNN/Money

Sterling ‘worst-performing currency of 2012′ – Telegraph

Buckle Up: More Volatility Ahead for Stock Market – CNBC

China Stocks Rise Most in 3 Weeks – Bloomberg

Can gold’s fragile recovery take hold? – Mineweb

Less Than Useless: Goldman Sachs Lowers Gold Forecast – Mish

Is gold finished? – The Real Asset Co.

The Great Gold Bust – Bullionvault

ECONOMY/WORLD/HOUSING/BANKING

Economic Confidence Wobbly as Sequester Approaches Gallup

Kuroda Heading for Confirmation as Abe Prepares BOJ Nominees – Bloomberg

The Berlusconi Effect: Political Gridlock Wins Italian Elections – Spiegel

In U.S., Majority Still Names China as Top Economic Power – Gallup

UK did not flat-line but grew 0.2pc last year, says ONS – Telegraph

Canada Losing Debt Halo as Bull Market Housing Peaks With Carney – Bloomberg

Jumbo mortgages are back, but at far from 2007 levels – Reuters

Home Prices Soar on Short Supply, Investor Demand – CNBC

Shiller’s Bottom Line: Risk Lingers in Housing – WSJ

Does Bernanke Have the Best Inflation Record? – NY Times

Draining excess reserves and the exit strategy – Sober Look

Dove or Hawk? Bernanke’s record – Antonio Fatas

via Iacono Research http://iaconoresearch.com/2013/02/27/wednesday-morning-links-124/