Here are seven (or so) links at 7AM Eastern.  Good luck out there today.

In whatever time frame the Shanghai Composite is a wreck.  (Money Game)

The $VIX has historically made its low in December.  (VIX and More)

The crude oil futures market is in backwardation…for now.  (WSJ)

The new Jeff Gundlach presentation that everyone is talking about.  (Money Game, Pragmatic Capitalism)

Evidence mounts that Jon Corzine “was aware” of the transfer of customer funds.  (WSJ, FT)

Martin Wolf, “The eurozone has no credible plan to fix the flaws of the eurozone, apart from greater fiscal austerity…”  (FT)

What changed from last month’s FOMC statement?   (Aleph Blog)

Why it has been so easy of late to fund the US budget deficit.  (Global Macro Monitor)

Checking in on the federal deficit.  (Daniel Gross)

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