Links: 2010-01-06

Below are the most important links.  As usual, many more are available at the news feed (also available as an RSS feed). Going forward, the links post will contain fewer (more high-quality?) links, with the rest in the news feed.

• Bernanke and the bubble – Paul Krugman Blog – NYTimes.com
• EU visit starts in Greece, Stark says no bailout| Reuters (More on this in a future post)
• Bad news for the stock market: retail investors are flooding back – Telegraph Blogs
• GMAC sees $5 billion Q4 loss after latest bailout| Reuters
• Car sales plunge to 31-year low | The Japan Times Online
• 30 Degrees Below Normal – Bill Bonner – The Daily Reckoning (he echoes my recovery within a depression theme)
• Top Democrats head for the exits – Manu Raju and Josh Kraushaar – POLITICO.com
• Did Greenspan Add to Subprime Woes? – WSJ.com
• Economic Scene – If the Fed Missed That Bubble, How Will It See a New One? – NYTimes.com
• Crisis Lessons Learned Bring Economic Recovery: Jeremy Siegel – Bloomberg.com (This is total nonsense of course.)
• 24 Month Ownership Cost of iPhone Nearly 50% Higher Than Nexus One
• Manufacturing Rises for 5th Month, but Staying Power of Rebound Is Debated – NYTimes.com
• Marc Cenedella: Our White Collar Nation (An optimistic look at the move up the productive and services food chain. The key hereregarding income distribution is education. Hat tip Paul Kedrosky.)
• Fed’s Hoenig Warns on Too-Big-to-Fail, Backs Glass-Steagall – Real Time Economics – WSJ
• Asia Times Online – Doug Noland – Speculation heaven
• FiveThirtyEight: Politics Done Right: North Dakota: #1 With a Bullet
• Answering the wrong questions | The Economist