Tuesday Morning Links

German economic growth slows sharply – BBC
Debt in Europe Fuels a Bond Debate – NY Times
Merkel Meets Sarkozy on Debt Concerns – Bloomberg
Near record high food prices keep poorest on edge – xinhuanet
Defense Industry Faces Profit Losses As Golden Decade Ends – HuffPost
Government dollars, contracting boom fuel wealthy D.C. enclaves – Washington Post
Perry Says Fed Spending Before Election Would Be ‘Treasonous’ – BusinessWeek
Forget Gold, Let’s Denationalize Money – Real Clear Markets
Tax the super-rich or riots will rage in 2012 – MarketWatch
Gloating China, Hidden Problems – Ferguson, Newsweek
Who Pays the Supercommittee? – NY Times
Ron Paul and Liberty – Lew Rockwell

MARKETS/INVESTING
Oil falls below $87 as rally stalls – AP
Gold rises as euro zone jitters resurface – Reuters
Markets Back to Lehman Levels of Stress: HSBC – CNBC
Naysayers still abound despite gold’s performance – Mineweb
Soros, Mindich Cut SPDR Gold Share Holdings in 2nd Quarter – Bloomberg
Double dip fears drive Gold:S&P ratio higher … and higher? – Reuters
From $35 to $1816: Gold after the end of Bretton Woods – Commodity Online
The S&P Downgrade Market Plunge Myth – HuffPost
The bull market isn’t back yet – MarketWatch
SAC’s Steve Cohen: Gold Bug? – WSJ

ECONOMY/WORLD/HOUSING/BANKING
Recession ‘Three Months’ Away: Manager – CNBC
Obama promises ‘very specific’ plan for US economy – BBC
Long-term unemployment wreaks mental toll on jobless – McClatchy
Paul Krugman: “Space Aliens Could Save U.S. Economy” – Independent Institue
Krugman Calls for Spending to Defend Against Space Aliens (For real) – EPJ
IMF warns spending cuts will stall global recovery – Channel News Asia
King Says ‘Severe’ Market Stress Threatens U.K. – Bloomberg
Inflation in the U.K. rises more than expected – Telegraph
Can turning foreclosures into rental properties save housing? – ProPublica
Obama wants government to keep big role in mortgages – Washington Post
Fed seeks exit from ‘new normal’ economy – MarketWatch
Lockhart Says Fed Could Purchase Assets – Bloomberg