Mid Week News 24 Mar

• Fed's new Vice Chair, Janet Yellen, implies no rate hike until 2013- This should be adequate time to inflate colossal bubble. (Zerohedge)
• Government pressure of the Federal Reserve to bail out Italy in 1974- Apparently no historical "politicization" of the Fed, Ron Paul obviously way off base. (Zerohedge)
• China on verge of commodity unwind? (FT Alpha)
• Housing market hype fades. (Seeking Alpha)