Equity indices fall in London, Wall Street and Asia: a turning point? – FT Alphaville
US residential tax credit to be phased out – Calculated Risk
Goldmans says US credit easing has inflated property prices by 5% - FT Alphaville
And agency-sold MBS and long-term US debt are attractive shorts – Bloomberg
Japan should ward off deflation more aggressively – FT Economists’ Forum
UK must increase credit for non-financial institutions – FT
China should worry about inflation: may be at 15% - naked capitalism
Dollar has strengthened against just 9 currencies worldwide this year – Paul Kedrosky

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Leading economists discuss topics raised by Martin Wolf, the FT's chief economics commentator, and others.