Breakfast Briefing: Fed, Health Bill, Decennial, Iceland

• New Research on Mortgage Modifications and Principal Reduction - calculatedriskblog
• Married Couples Pay More Than Unmarried Under Health Bill - online.wsj
• U.K. Commercial Property Investors to Get Price Relief in 2010 - businessweek
• Fed Officials Positive on Economic Recovery - foxbusiness
• The Decennial Pattern -- Years ending in 0 - ritholtz

• MBA: Mortgage Purchase Applications Lowest in 12 Years - calculatedriskblog
• CRE and CMBS - calculatedriskblog
• Futures Slip Ahead of Retail Sales, Claims Data - foxbusiness
• St. Louis Fed Opens The "Inflationary Dragon" Pandora Box - zerohedge
• When Congress returns, jobs bill will be front and center - Jan. 6, 2010 - money.cnn

• Why annuities are not the go-to retirement answer - Jan. 7, 2010 - money.cnn
• Iceland downgraded to junk as it heeds 70% of the electorate on Icesave debt - creditwritedowns
• Rosie: "Why This Is Not The Onset Of A New Secular Bull Market" - zerohedge
• Wave of Bankruptcies Hits States Hammered by Housing Bust - online.wsj
• FOMC Minutes: Expect Slow Economic Recovery - calculatedriskblog

• Last chance to refinance below 5% - Jan. 7, 2010 - money.cnn
• UBS Downgrades Alcon, Still Expects Higher Offer - foxbusiness
• For once, good news about your credit card Jennifer Openshaw - marketwatch
• Dodd Exit Throws Jolt to US Financial Reforms - cnbc
• Rationing: Is This Where US Health Care is Headed? - mjperry