Here are seven (or so) links at 7AM Eastern.  We will see you later with the daily linkfest.  Good luck out there today.

Markets

The Santa Claus rally has a bit further to run.  (Market Anthropology)

Should we believe the drop in the $VIX?  (SurlyTrader, Sober Look)

The Dow is still well below its inflation-adjusted high of 12 years ago.  (Crossing Wall Street)

John Paulson simply cannot buy a break in 2011.  (Reuters)

Monetary policy

The Fed is hinting at a continuation of ZIRP into 2014.  (WSJ)

The key theme of 2012:  financial repression throughout the developed world.  (Gillian Tett)

Free money will make for more rogue traders.  (Bronte Capital)

The Euro

The Euro is disengaging from other currencies as its demise no longer seems imminent.  (FT, WSJ)

Signs that short Euro is a crowded trade.  (A Dash of Insight)

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