Thanks for checking in with us for seven links (give or take) at 7AM Eastern.  Good luck out there.

Google ($GOOG) seems to be turning itself around but it is coming with higher infrastructure costs.  (SAI, GigaOM also WSJ, SVW)

No wonder the financials are doing poorly.  Check out Morgan Stanley ($MS) earnings estimates.  (Bespoke)

REITs are at new 52-week highs.  Is the economy stronger than commonly thought?  (Mark Hulbert)

Who doesn’t want to buy into shale gas reserves?  Petrohawk Energy ($HK) purchased at a sizable premium.  (Dealbook, WSJ, FT Alphaville)

Whither Libor as a macroeconomic indicator?  (WSJ)

The world is facing another AAA-bubble, this time in the form of sovereign credit.  (FT Alphaville)

Should we care what the rating agencies say about US debt?  (Money Game, Baseline Scenario, Floyd Norris)

Why the US balance sheet recession won’t last as long as Japan’s.  (Pragmatic Capitalism)

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