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

Markets

It’s not a bull market until Shanghai joins the party.  (Global Macro Monitor)

Signs of hope in the manufacturing economy.  (Pragmatic Capitalism)

A curious reversal in the precious metals.  (All Star Charts)

Covered call strategies finished 2012 on a high note.  (VIX and More)

Money

The Fed is now getting into the Fed Funds rate projection business.  (FT Alphaville, Real Time Economics, WSJ)

No matter how you measure it Treasury real yields are decidedly negative.  (Econbrowser)

Hard to see how current data gets the Fed to change course.  (Tim Duy)

Bring back boring banks.  (NYTimes)

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