*** Macro Man: Spendor Australis ***
*** The Slope Of Hope: Google Has Gone Full ‘Tard ***
*** The Slope Of Hope: Oil Looks Ready to Run ***
*** China Financial Markets: Reforming the banks ***
*** The Big Picture: What is the Source of Record Earnings? ***
*** The Big Picture: Mistakenly ***
*** The Big Picture: The Money Network ***
*** The Big Picture: 10 Twitter Do’s and Don’t ***
*** FT Alphaville: Cut out and keep – Portugal aid timetable ***
*** FT Alphaville: Europe stress test benchmarks and banks revealed [updated] ***
*** Calculated Risk: House Prices: Nominal, Real, Price-to-Rent ***

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U.S. railroads originated 305,905 carloads, up 5.4% compared with the same week in 2010 and up 1.4% compared with 5-year average. Week over week change was 2.0%.

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Working gas in storage fell 45 Bcf from previous week. The consensus was at 52 Bcf.

Storage level is 90 Bcf lower than same time year ago and bellow 5-year average

Worst performing commodity, keeping close watch, but no signs that will change in the near future (jet).

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