Tuesday Morning Links

MUST READS

NPC: China keeps growth target at 7.5% – BBC

Sequester Leaves U.S. in ‘Fantasy World’ – CNBC

Budget crisis eases, GOP seeks to avoid shutdown – Reuters

Larger Spending Cuts Would Help the Economy – Boskin, WSJ

S&P Credibility Seen Eroded by Complicity in Soured Deals – Bloomberg

Securitization Lobby in Disarray After Most Directors Quit – Bloomberg

Too-Big-to-Fail Crowd Turns on One of Their Own – Bloomberg

Volcker Says Weakening the Fed’s Stimulus ‘Liquor’ a Challenge – Bloomberg

The Greenspan Fed’s Biggest Mistake: The LTCM Rate Cuts – Macroeconomic Reliance

Dow Jones high on Fed steroids: Our view – USA Today

There Is No Asset Bubble? – Advisor Perspectives

Central Banking Hubris – Sentence, Bullionvault

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MARKETS/INVESTING

Oil above $90 as US spending cuts cause jitters – AP

Gold snaps 4-day fall on prospects of further easing – Reuters

Why gasoline prices rise when oil prices fall – MarketWatch

Pound’s World-Worst Drop Seen Growing in Pimco Math – Bloomberg

DoubleLine’s Gundlach shifts gears, now buys U.S. bonds – Reuters

Morgan Stanley: Gold Bull Market Ins’t Over, It’s ‘Evolving’ – BI

BofA Merrill Lynch now sees Gold at $1680 in 2013, $1838 in 2014 – BullionStreet

U.S. Mint Raises Premiums on Precious Metal Coins as Prices Decline – Coinweek

Gold Investor Index Slips to 5-Month Low – Bullionvault

Gold Is Over – Just Like in 1976 – Casey Research



ECONOMY/WORLD/HOUSING/BANKING

Warren Buffett’s Economic Confusion – Reason

Reasons to be optimistic about the economy – Washington Post

Wen Warns on China Tensions in Final Speech as Premier – Bloomberg

Europe’s economic fractures widen in February – Reuters

Divided euro zone economy declines further in February – Reuters

EU Said To Weigh Extra Years For Irish Rescue Loans – Bloomberg

Medicine Wears Off: Is the Euro Crisis About to Return? – Spiegel

Brazil Said to Plan Fuel Tax Cut to Rein in Consumer Prices – Bloomberg

China’s Push to Cool Down Housing Raises Questions – Dealbook

Why China’s Property Market Is Getting So Scary – CNBC

Yellen: Fed’s QE Should Continue, Risk Limited – Bloomberg

In Bernanke We Trust – Alhambra Partners

via Iacono Research http://iaconoresearch.com/2013/03/05/tuesday-morning-links-128/