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


Facebook ($FB) picks up where it left off with a disappointing earnings report.  (NYTimes, Bloomberg, Ars Technica)

Where did Amazon’s ($AMZN) profit margins go?  (WSJ, TechCrunch)


The chase for yield illustrated: US bank paper is near record low yields.  (FT)

The short case for Canadian banks.  (Marketblog)

The Fed

Why the Fed should push the panic button.  (Economist’s View)

Four myths about the Fed debunked.  (A Dash of Insight)

Good news

Sounds like the US won’t have to raise the debt ceiling this year.  (Real Time Economics)

An increasing number of Americans are receiving a “tax cut” this year in the form of lower mortgage payments.  (FT)

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