Monday Morning Links

MUST READS
Greek gloom rocks markets, troubles lenders – Reuters
Greece to miss deficit targets; more cuts loom – MarketWatch
Eurozone manufacturing activity contracts in September – BBC
Falling U.S. Wages Threaten Consumer Spending – Bloomberg
Eurozone ‘euroquake' awaits if Greek default is bungled – Telegraph
Protectionism beckons as leaders push world into Depression – Telegraph
JPMorgan Chase Donates $4.6 Million To NYPD During OWS Protest – ology
Anti-Wall Street Protests Reach ‘Prime Time' – Bloomberg
Recession, Restructuring, and the Ring Fence – Hussman Funds
Holding China to Account – Krugman, NY Times
Monetary policy and democracy – EconBrowser
House Is Gone but Debt Lives On – WSJ

MARKETS/INVESTING
Oil falls to $78 on prospect of weak demand – AP
Gold rises after Greece rocks markets – Reuters
Stock Slump Deepens in Europe and Asia – NY Times
Investors Sing a New Tune—'Won't Get Fooled Again' – WSJ
“Gold Is A Most Volatile, Unstable, Fickle And Risky Asset” – Forbes
Have gold and silver market conditions changed, fundamentally? – Mineweb
Barclays: Physical godl demand will drive next bull rally – Commodity Online
Should the recent price fall mean gold no longer a “safe haven”? – Mineweb
Qatari wealth fund plans $10bn gold buying spree – Telegraph
Dollar Beats All Assets, Thwarts S&P Downgrade – Bloomberg

ECONOMY/WORLD/HOUSING/BANKING
Fitch Lowers Global Growth Forecasts – CNBC
Economists: Consumers won't save the economy – USA Today
To boost economy, U.S. wants to import shoppers – Washington Post
China factory activity picks up, export orders recover – Reuters
What Would It Take To Save Europe? – Baseline Scenario
Roubini Says Europe Needs €2 Trillion ‘Bazooka' – Bloomberg
Japan's tankan sentiment survey ticks higher – MarketWatch
A simple solution to ease the squeeze on homeowners – Washington Post
Stop paying mortgage at your own risk – O.C. Register
To fix the economy, first fix the housing market – CNN/Money
NY Fed May Demand Reports From Europe Banks – Bloomberg
David Stockman: Blame The Fed! – Chris Martenson