Friday April 30
Crude Oil Rises on Concern of Possible U.S. Gasoline Shortfall Bloomberg
Winn-Dixie to Cut Up to 10,000 Jobs Reuters
Chicago manufacturing grows CNN  Michigan index revised higher
March Personal Spending Rises 0.4%; Incomes Gain 0.4% Bloomberg  BEA
Trouble Brewing in Asia Morgan Stanley (Roach)
Technical and Anecdotal Evidence Says Financial Sense
It Feels and Smells Like a Nasdaq top
A Major Transition Comstock Strike Two Longboat
Fed May Have Acted on False Alarm Dow Jones
Alan Greenspan Tiptoes Up to China's Bubble Bloomberg
Greenspan faces task of raising rates without hurting recovery Knight Ridder
Inflation hits the family dinner table CS Monitor
After years of stability, prices rise on key items, hitting pocketbooks and economy
U.S. Trucking Companies Increase Freight Rates Dow Jones
Brent crude edges close to fresh 13-year high FT
30-year mortgage rates top 6% for first time in 2004 USAT
SEC Hedges on Hedge Fund Rules TheStreet
Disgraced Pitt Lambastes SEC Board-Nomination Plan CFO
SEC Probes Bally; CFO Resigns, Returns CFO
Google Files to Sell Shares, Seeks to Raise $2.72 Bln Bloomberg
Ingram: Be frugal with Google Globe & Mail
Google's auction a snub to Wall St Times Online
Google Cites Buffett as Role Model in IPO Pitch Bloomberg
Gateway to Cut 1,500 More Jobs Reuters
Warren Buffett Living Humbly in Nebraska AP
Board Gives Martha an Extra $500G NYP
J.P. Morgan Cuts Emerging-Market Debt Citing Rates Bloomberg
China may raise rates by 50 basis points AFX
China's central bank is understood to have decided to raise interest rates after an emergency meeting was held yesterday to discuss measures to curb investment growth...
China: Reasserting Control Morgan Stanley (Xie)
China halts steel project in crackdown CBSM
China has stopped construction of a huge steel project near Shanghai and punished several bank and local government officials as the campaign to rein in runaway investments and avoid an economic hard landing moves to a more aggressive phase.  China’s Great Wall of Worry SavilleT
The specter of a new Asian financial crisis Asia Times
When these and other structural deficiencies converged in 1997 Asia went into a financial  meltdown that would ultimately erase a decade of growth from the young tiger economies of the East.
Nikkei Down 2 Pct on U.S., China Worries Reuters
Japan Refrained From Selling Yen last Month BL Monthly FX Outlook CIBC
Japan exporters brace for higher yen in 2004/05 Reuters
Stocks Plunge on UES Fears, Potanin Rumors Moscow Times
Australia: Record loan figures renew rate speculation ABC
EU Builds ‘Hit List’ For Latest Trade War NYP
Barclays faces accusations of 'binge lending' Independent
House price surge brings new warning of collapse Independent
Inflation and the French Revolution: The Story of a Monetary Catastrophe Mises

Q1 Real GDP Growth Is Strong, But Decelerating Trends Should Be Noted NT
Inflation rears its ugly head CNN/Money
Don't look now, but the Fed's favorite inflation number just posted its biggest gain in three years.
Bears Rip Stocks As GDP Slips NYP

Thursday April 29
8 US soldiers killed by car bomb Xinhuanet  Poll: Growing Doubts On Iraq CBS
1Q04 GDP up 4.2%, Missing Forecasts Bloomberg  BEA -  J-Claims Down
Employment Costs Mount, Benefits Jump, Wage Gains Modest Reuters
Dollar Firms Broadly Reuters (4:26 AM)
Gold Hits 6 Month Low on Concern China Lowering Demand for Metals Axcess
Citigroup Uses Mutual Funds as `Dumping Grounds' for Clients BL
“The wall between fund managers and investment bankers can't survive scrutiny”
Reports: China bank officials deny halt CBSM
China economy zooms ahead, but growth might be too fast USAT
U.S. won't probe complaints on China Baltimore Sun
...diplomatic efforts promise greater payoff
Mortgage monsters falling? CBSM
Interest rate fears spooked stocks and bonds again Wednesday -- and two especially interest-sensitive stocks seem really spooked
Ready for the Next Bubble? Fool
A bubble is forming in real estate, and when it bursts, the impact on the U.S. economy will be detrimental, significant, and widespread
Inflation Can't Rise on Expectations Alone BL (Baum)  Fed May Drop ‘Patient’
Sell in May and go away! AME
"The Road to Ruin" - Fiat & Credit - The Anglo - American Nemesis Goldseek
3-years after recession starts, most metropolitan areas mired in job deficit EPI
Are you ready for this? CBSM
Medical costs in retirement reach astounding proportions
Oil hits 13-year high amid low US inventories FT
Adios, cheap oil, bring on the big bucks Asia Times
OPEC talks of raising oil target price 30% Bloomberg
Nat-gas prices may not drop as expected Reuters
Triple-A loses some of its allure FT
In 1990, 11 per cent of telecoms companies rated by S&P were triple A but by 2001 none remained in the sector.
The search for investment paradise Economist
As the world’s leading search engine prepares to announce its stockmarket flotation, some words of caution
Mega-IPOs: What You HAVEN'T Heard Elliott Wave
Sell-Side Analysts Dropping Small-Caps CFO
VFC Picks Up VANS SM XOM - G -
Nortel Scandal looks uglier than thought G&M  Ingram on NT - Moodys May Cut
How greed took down Nortel Financial Post No End in Sight to Wild Ride TStar
Nokia slashes prices in battle for market share FT
Dairy costs may lift Starbucks prices R  Milk price surge predicted Desert S
Newmont loses glitter Rocky MN
Adobe investors back expensing of stock options Seattle Times
Quattrone says he might have 'misspoken' USAT
Trial Provides Fresh Glimpse Into Wall St. Ways NY Times (R)
A Bigger Net Newsweek
Eliot Spitzers probe into Dick Grassos pay package may be widening to include other Wall Street bigs
New Zealand Raises Key Interest Rate to 5.5% Bloomberg
Copper Falls to 12-Week Low on Concern Chinese Demand May Slow Bloom
South Korean Won Falls; Finance Minister Says It's ‘Overvalued' Bloomberg
UK housing boom in renewed surge BBC
Japan: Jumping Out of Sick Bay NYT (R) (Friedman)
The big test is: Can Japan continue to grow, based on domestic consumer-led demand, if and when the overheating Chinese economy starts to cool?
Key ministers admit ducking pension fees Japan Times
'Perfect storm' lashes loonie Toronto Star
Sebi probing market crash Rediff
“We want to know whether there was any concerted attempt at bringing down the market or whether it was just panic selling”

The Labor Market Holds the Key to Near Term Monetary Policy NTrust PDF

Wednesday April 28
China Banks Stop Lending Until May Bloomberg
EXCLUSIVE: China's Wen Tough on Economy Reuters
Wall Street in broad-based decline CBSM
COMEX gold falls under $390 as metals tumble Reuters
Nortel fires CEO in financial probe CBSM
Who pays for big banks' risks? Star Tribune
The nation's largest banks have become so big that there is now an implicit assumption that taxpayers will bail them out if they fail. As a result, banks are taking on unnecessary risk...
Too Big to Fail: The Hazards of Bank Bailouts Amazon Excerpt
Stock Market in a Top Formation Comstock Markets Flirting with 200 DMAs
Refinancing demand lags again Reuters  MBAA
The Fed’s Folly Forbes (Grant)
Greenspan Is to Blame Moscow T The Fed’s Debt Engine Paul
You can't keep borrowing forever -- even if you print the world's reserve currency   Goldilocks Returns Auerback
Might the Fed Rate Increases Stop at Only 2.5%? Bloom (Berry)
The color of money [M3] CBSM
Russell On The US Dollar & Gold G-E
Median Price of a Home in California Increases 22 Percent in March PRNews
Greater Cincinnati went on a home-buying spree in March Enquirer
Refining shortfall threatens to drive prices up Gulf-News
Lawmakers Voice Doom and Gloom on W.T.O. Ruling IHT (NYT)
First successful challenge of a wealthy nation's domestic agricultural subsidies.
Congress probes GSE loan deals FT
Janus to pay $225 million in fund trading scandal settlement AP
Mutual Fund Investors Appear Unworried AP
"People really don't know what's going on and they're not that concerned about it overall"
SEC Sends Message to Muni Issuers: Sweat the Details Bloomberg
Feds Widening Boeing Probe Reuters
Ex-investment banker testifies in his retrial IHT (BL)
Waksal: ImClone Founder May Profit In Jail Forbes
Kmart, Martha Kiss and Make Up Fool
US seniors go south - way south CS Monitor
There were more than 400K beneficiaries abroad in 01, the latest figures available
Short-selling on the rise Reuters
ADB warns of possible new Asian banking sector crisis AFP
“Non-performing loan ratios are reaching all-time highs in these three economies, even as the reported figures are still thought to underestimate the actual levels”
Asia's ‘Huge' Reserves Pose Risk to Its Economies, ADB Says Bloomberg
The battle to sell mortgages hots up Independent
WBBS’s decision to hand out free cars with their mortgages left some experts wondering yesterday whether the mortgage market has flipped from being highly competitive to just plainly mad
British Boom Driven by Personal Debt NY Times (R)
Japan I-Production Less Than Expected; Retail Sales Fall Bloomberg
Property prices in Shanghai face fresh curb FT
Around Asia's Markets: Growth to spark currency upswing IHT (BL)
$18b to recreate roaring 1920s Shanghai NZH (Reuters)
Asia Freight-Rates tumble on poor demand before holidays Reuters
"The (freight) markets are in a state of panic"
Coal price peaks threatened: AME Age
Is Thai Economic Miracle Fizzling -- Again?   Bloomberg
U.S. Senate panel probes World Bank Reuters
The U.S. Senate Foreign Relations Committee has started to investigate allegations of corruption in projects funded by the World Bank and its affiliates
Markets close at 3-year low, Sensex down 213 points Economic Times
Bears showed no mercy on Tuesday as they continued to pound hard on the indices even during the final hour of trade
Putin determined to finish off Yukos UPI
Protest as student debt hits $7 billion New Zealand Herald
Many faced hardship and even poverty while they studied, setting themselves up for a lifetime of debt
We US £1 a day Chinese Labour as well Daily Record
U.S. gives penalized companies Iraq contracts AP
Cheney Task Force Records Can Be Withheld, Court Told Bloomberg

Fed warns of dramatic rise in oil futures FT Remarks

Tuesday April 27
Syria explosions spark late Treasury rally FT
Global Crossing dives on fiscal woes CBSM
More Crude Oil Needed, U.S. Official Tells Saudi Bloomberg
Mexico Central Bank Moves to Raise Rates in Surprise Step Between Meetings B
Consumer Confidence Improves in April Conference Board
U.S. existing house sales still strong UPI
Paradise Lost AEI (Makin)
The Bear's Lair: The awakening conscience UPI
Housing market expected to heat ... USAT
"You're going to have anybody and everybody who was ever interested in even thinking of buying a home jumping in as rates rise”
Lenders push consumers into ARMs USAT
The new economy's biggest product: an enduring underclass? CS Monitor
Intervention VS Maiden Flight Financial Sense
Rates and politics Townhall (Bartlett)
When Nixon became president in 1968, he vowed that he would not let the Fed screw him again...
Alan isn't likely to play politics with interest rates? Standard
Fed Wizard's Policies Not Economic Magic Insight
Greenspan's Choice: Scylla or Charybdis? Gold-Eagle
Fed Speaks With One Voice (and It's Greenspan's) BL (Baum)
Will the "Stupendous Scheme" Hold? Elliott Wave
OPEC May Raise Its Target Price for Oil, Purnomo Says Bloomberg
Crude up on Iraqi oil supply concerns FT
Milk to hit $4 a gallon AP
On Gold Shares... Russell
Birch bullish on gold despite fall Citywire
The Race for China's Gold Axcess
Is the tech rally over? CNN/Money
Computer Associates Restates $2.2 Billion CFO
Beware The Monster IPO Forbes A Google IPO could be a headache LAT
Goldman Sachs Trial Shows Up Firm Full of Softies Bloomberg
Janus close to settling market-timing charges Reuters
NASD concerned about variable-annuity abuses NYP
West faces a sixth year of epic drought CS Monitor
U.S. Unveils New $50 Note With Background Colors MoneyFactory
America's new export boom: Jobs Det FP
House prices and the last crash... This is Money
Just as in 1988 - those at the heart of the housing market remain sanguine...Anyone buying in 1989 had to wait nine years to see the money value of their house restored
Base rate may top 5% warns MPC member Times Online
China to quadruple GDP by 2020 to $4 trillion: President People’s Daily
China Rejects Wider Elections For Hong Kong WP
"This is terrible news, absolutely awful. They're telling the whole world that Beijing will now run Hong Kong.  They're not even hiding it or pretending anymore."
WTO Decision Denounces U.S. on Cotton AP
The US will appeal if the final version isn't changed when it is issued in June
The Saga of South Africa's Economy Mises
A Vision of Power Krugman (NYT)
US to hold detainees at Guantanamo indefinitely BG

Monday April 26
Fed should contemplate small rate moves CBSM (Keller)
Wal-Mart's sales lagging forecast CBSM
Sinclair Snaps:  I Am Right On The Price Of Gold Or I Am History! JSinclair
U.S. Home Sales Rocket to Record in March Reuters  PDF
Fireworks at Boao Morgan Stanley (Roach)
Dollar May Advance for a Fourth Week -  Gold May Gain Bloomberg Survey
Interest rates won’t rise until it’s too late MSN (Fleck)
That’s the real message in Alan Greenspan’s testimony to Congress last week. The Fed and the Fed's boss are in serious denial about inflation
Market Climate - Increasingly Fragile Hussman
Rate rise could spark mortgage liquidity crisis FT
Fannie Mae Is Still the Biggest Boat in Town, but Some Fear It's Sinking WP (R)
Market's quiet ... too quiet CNN/Money
Equity investors are more complacent than they've been in years. Is it time to get worried?
U.S. gasoline up another 3 cents per gallon AP
US: Procuring the world's oil Asia Times
Milk price to jump after boost in minimum U.S. pays to farmers AP
Bursting Bubbles Business Week
Billionaire Paul Allen on investment lessons learned the hard way and how the losses changed him
For-ex, for all CBSM
More small investors tap into currency trading
The US$ Short Position Saville
Watch out for companies that buy their growth MSN
Sharply higher health insurance deductibles may hit workers in the next 2 yrs U
Google IPO: All hope, but few are chosen IHT (NYT)
A $25 billion market value would instantly make Google worth more than Lockheed Martin, Federal Express or Nike.
Big names prepare to cash in on Google Independent
Harmony, AngloGold, Gold Fields May Cut Costs as Profits Fall Bloomberg
Gold! Pebble sparks a rush Anchorage Daily
The only question is if it's a really big mine or an off-the-charts, mammoth one
Headed For A Crisis? BW
China's economy is overheated, its banks are shaky, and hot money continues to pour in. Can the new leaders rein in a runaway financial system?
'G7 powers underestimate China risks' AFP
China Hits the Brake, but Maybe Too Softly NYT (R)
Central bank official calls for curbing investment overheat People’s Daily
Investment in steel industry went up by 172.6% in the first 2 months of this year, while investment in cement industry increased by 133% in the same period
Should China listen to the IMF? IHT (Bloomberg)
How can China be expected to even listen when the fund has very little credibility on exchange rates and other economic issues?
China "gravely worried" by American protectionism: Vice Premier AFP
Little Red Corvettes Smart Money
GM's 1 Quarter China Sales Up 70 Percent Reuters
Chinese dotcoms seek $1bn in US listings FT
Fencing the West CFO
Discordant trade relations with the United States are only making Asia stronger, not weaker
Brazil may be next big default, says Calif.-based consulting firm EMedia
When will 'Asian Dollar' come true? PD
New currencies make waves in forex market Business Times
Time for caution in emerging markets FT
Say, Let's Sell Some Gold Business Week
Europe's governments are eyeing their stocks as a quick source of revenue
Greenspan's Rate Warnings Big Risk for Japan Bloomberg
The disconnect between supply and demand has many fearing Japan's bond market is a pressure cooker that might explode.
'The Bank is potentially on a collision course with the UK government' In (King)
Ministers attack ECB chief over refusal to cut rates Times Online
Leaked details of the behind-closed-doors meeting of the G7 finance ministers and central bank governors revealed that talks were marred by heated exchanges
Brown denies creating 'pre-election boom' Times Online
Banks 'stealing by finding' says MP BBC
Zimbabwe police hold finance minister in corruption crackdown AFP
Indonesia still mired in wreckage of Asia's financial crisis of 1997 ST (WP)
Tonga plunged into financial crisis AFP
Bank of America Helped Misrepresent Parmalat Loans Bloomberg
Ballarat Gold looks to home SMH
Ballarat Goldfields has rekindled hopes that its namesake goldfield can make a production comeback after an 86-year break

They're stuck with two mortgages Straits Times
'We thought it could sell fast...We have now lowered our expectations a lot. We are prepared to sell below valuation, which means we won't get back what we put into the renovation.'
HDB home owners caught in sale trap ST

Weekend Edition (April 24-25)
Will They Raise or Will They Stay? Frontline (Mauldin)
Bond traders turn to 1994 for rate clues FT
The Relative Dollar and Gold 2 Zeal
Fannie and Freddie to the Rescue? PBear (Noland)
Financial Markets Forecast and Analysis SH (TII)
Are we headed for a stock market crash?
Google fails to answer the $25bn question Times Online
Wall Street Shifting to On-Demand Model Enterprise
SBC sues AT&T over internet phone fees FT
Spitzer Opens Probe of Insurance Brokers Reuters
Money Managers, Money Owners, & "The No. 1 Concern" Elliott Wave
CEO perks remain popular, often hidden AP
Perversely, with all the outcry against excessive pay in the past few years, the SEC's rules also might entice executives to take as much extra pay in the form of perquisites as possible.
Chinese President Vows Controls to Manage Growth Bloomberg
U.S. tells Japan to halt interventions Kyodo
Bank bill seen unlikely to stabilize financial system Japan Times
Surge in retail sales points to rate rise Independent
Mitsubishi in trouble after partner DaimlerChrysler opts against cash help AP
A very British kind of scandal: why Shell is no Enron Times Online
Police shut NAB forex fraud probe Australian
Bremer announces moves to reinstate some former Baathist members AFP

Friday April 23
Durable Goods Orders Rise 3.4%, Almost 5 Times Forecasts BL Census
Debtor Nation The Nation
When will this hemorrhaging debtor nation be compelled to pull back from profligate consumption and resign its role as "buyer of last resort" for the global economy?
The Wise Men of China Morgan Stanley (Roach)
Fed Probably Won't Raise Rates at a Rapid Pace Bloomberg (Berry)
Tax Defaults Soar as Homeowners Struggle NY Post
New York City homeowners appear to be on the verge of a meltdown.
IMF chief issues rate warning Bloomberg
“This is an opportunity to batten down the hatches ahead of an upturn in interest rates”
Commodity prices and the very bullish case for oil AME (Faber)
Oil holds firm after gasoline-fired gains Reuters
Is the worst over for gold? 321 (Russell)
Gold to climb on renewed dollar weakness -economist Reuters
Broad Market Crash and Collateral Effect on Precious Metal Stocks 321
Nothing Had Changed Aden
Goldcorp stock slides as 2 key executives quit Reuters
Bank chief issues warning to oil producers FT
Google seen announcing IPO plan within days - WSJ Reuters
Cell phone chip designer rides high in IPO CNet
Celestica to cut 5,000 jobs G&M
Did the Oracle [Greenspan] Paint Himself into a Corner? Elliott Wave
SEC in U-turn on oil reserves reporting Times Online
Aon subpoenaed in Spitzer investigation FT
Quattrone II: $120 Million Man Reuters
Skilling: Go Directly to Jail? CFO
Venture Capital: Investing nears high not seen in 2 years Seattle PI
Insider trading charges Dow Jones
Transcripts show rationale for 1998 interest rate cuts BG FED
Latest Buffett Book Distills Lessons From Master Bloomberg
Miles quotes Buffett as saying that you shouldn't hold a stock for 10 minutes unless you plan to hold it for 10 years.
Warren Buffett Wealth Amazon
Warren Buffett Biography About
Big investment bubble for China Taipei Times
Why China cannot easily cool an overheating economy Reuters
The last time the Chinese economy overheated, in 1993, economic supremo Zhu Rongji fired the central bank chief and reportedly threatened to chop off the heads of unruly local officials.
The Coming Credit Boom Smart Money
American credit-card companies are making inroads in China. Perhaps at their peril.
China's gold market posts shining growth Business Weekly
Another boss disappears TheStandard
The latest in several disappearances by mainland bosses amid financial problems.
Another Bailout in Japan? CBSM
U.K. GDP, Retail Sales Growth Bloomberg
Collapse would kill 24,500 jobs: Stelco Globe & Mail
Investors hit pot of gold in IPO offerings Indian Express
Russian tax officials raid Yukos offices FT
Pakistan to cut foreign debt to 29pc of GDP International News
IMF more self-critical - acknowledging mistakes in Asian, Argentina AP
House OKs Speedy Elections if Attacked AP

Alan who? Stocks surge as investors shake off rate worries AP

Thursday April 22
A High-Tech Edge Helps Keep Earnings Near Estimates NYP (Crudele)
What few realize is that the costs of technology workers can also be amortized...
Snow not worried about inflation -  Bernanke: No sign of overheating CBSM
Producer Prices Rise 0.5%; Core Rate Gains 0.2% Bloomberg  BLS
Jobless Claims Drop Less Than Expected Reuters
Don't bet big on Wall St bull Business Times
There is justification in the notion that a recovery built almost entirely on consumer spending, tax cuts and cheap money is not sustainable.
Will 11 more deficits push us over the edge? CBSM
We've become addicted to 'living beyond our means' in many areas
Global economy set for best years in decade, IMF says Times Online IMF
Commentary: Weakness to accelerate in second half CBSM
Fund Flows: Demand is Likely to Decelerate for the Balance of 2004 BofA PDF
Market's at a critical juncture -- really CBSM
Rate Hikes Threaten Bank Income Source TheStreet
No Big Hurry Mecury (NYT)
Fed won’t have to raise rates right away, Greenspan Hints
Deflation Dead? Yeah, Sure G-E (Ackerman)
Many States Cut Budgets as Fiscal Squeeze Continues CBPP
Despite the turnaround in the national economy, many states continue to face gaps in their fiscal year 2005 budgets
The Economics of Outsourcing Mises
Chip maker shifts design to India BBC
Outsourcing didn't pay off for Conseco IndyStar
In recent weeks, such names as Capital One, Dell, Lehman Brothers and British-based insurer AXA have "repatriated" similar work...
From Rothschild to Wong North
Gold: the Anti-Dollar Fool
Gold's Indian rope trick to the rescue? CBSM
Gold is back below $400 - but it may be about to perform its version of the Indian Rope Trick. Again
The Race for China's Gold Axcess
Gold and Silver Massacre? FSU
Silver: A "Parabolic" Rise .... and Fall
Oil eases as gasoline stockpiles top forecasts FT
LME copper sags under profit-taking Reuters
Rising Earnings, Rising Costs PBear (Hudson)
Scuffle at Coca-Cola Annual Meeting CFO
Shareholder activism has apparently become a contact sport
Airline exec gets golden parachute AP
Ex-Duke Trading Workers Get Indicted TheStreet
Taser Holder Sells NYP  5-Day Chart
Baxter to slash up to 4,000 jobs Reuters
Greenspan Endorses Expensing Options CFO
Fitch warns on US stock options FT
NYSE: Short Interest Increases NYSE
China provides glimpse of future FX regime Reuters  Daily Currency Insights FX
Japan's Tanigaki sees more intervention if needed Reuters
Japanese welcome Wal-Mart AP
Brown backs rise in interest rates as IMF endorses growth forecasts Independent
Mortgage spree drives lending higher Times Online
Brazil Central Bank Raises 2004 Inflation Estimate in April Bloomberg
Bond king, Gross, likes Canada G&M
J.P. Morgan sees earlier BofC rate hike G&M

Wednesday April 21
Fed’s Beige Book FED
Greenspan: Rates Will Rise Eventually Reuters
Rates hint dulls gold Age
Testimony of Chairman Alan Greenspan FED
As I have noted previously, the federal funds rate must rise at some point to prevent pressures on price inflation from eventually emerging. As yet, the protracted period of monetary accommodation has not fostered an environment in which broad-based inflation pressures appear to be building...
Greenspan May Define Limit of Fed ‘Patience' on Rates BL
Fed mostly silent as inflation creeps back in AP
$ Rises Against Euro as Greenspan May Signal Higher Rates
Gold, Silver Plunge in London Bloomberg
Greenspan: Deflation Dead R
“It's fairly apparent that pricing power is gradually being restored and, as I'll indicate tomorrow, threats of deflation, which were a significant concern last year, by all indications, are no longer an issue for us.”
One Hint and a Stumble Comstock
Prediction: The Future of the USA Stock Market Sornette
Warnings to be ignored Economist
American banks continue to make vast profits. Will the good times end when the Fed raises interest rates?
1987 Warning Signs Gold-Eagle Stock Market on Edge Saville
Refinancing demand falls another 11% Reuters  MBAA
Global price rise boon to inflation-linked bonds Reuters
Deficit hawk Snow faces a tough job of explaining Baltimore Sun
The stingy, self-described "deficit hawk" has been made to look ridiculous by his extravagant president, so he's seeking respect from the only people who'll give it: a bunch of fifth-graders.
“Protecting Investors" from the Latest Scandal? Elliott Wave
New Shell chief knew of problems in 2002 Times Online
Goldman aide convicted of theft IHT
Ex-Boeing executive pleads to conspiracy AP
SEC is probing EMI Sales Figures NYP
Quattrone Lawyer, Judge Spar; E-Mail Eyed Reuters
US Airways seeks cuts, says discounter wants 'to kill us' USAT
Budget cuts are setting convicts free CS Monitor
Serious Internet flaw discovered AP
India experiencing artificial boom Rediff
What the Indian economy is experiencing today is an artificial boom and is the result of what is commonly known in economic parlance as the Political Business Cycle Theory
India, China, Japan will have 57% of world's GDP Express India
Hang Seng Index Has Longest Losing Streak in Year Bloomberg
Japanese 20-Year Bonds Fall; Yields Gain to Highest in 2 Years Bloomberg
Saudis: No oil price, election tie AP
Dodge sees rates rising globally next year CP
Abbey to warn on mortgage crunch Guardian
Pensions 'black hole' falls £60bn BBC
Basra blasts kill dozens AP

Tuesday April 20
Testimony - Chairman Alan Greenspan Fed
“Many banks indicate that they now either are interest-rate neutral or are positioned to benefit from rising rates...both the size and the number of bank failures in recent years have been exceptionally small. Last year, for example, only two banks, with combined assets of just $1.5 billion, failed.”
Inflation's broken verse? CNN/Money
McTeer has long been known as a big believer in the notion that the economy can grow rapidly without causing inflation. So when he says he's worried about inflation it's time to sit up and take notice.
Australia to lead gold hedge resurgence -analyst Reuters
"Hedging will not be a dirty word for much longer”
Waiting For The China Gold Explosion Mineweb 
Bonds: 1994 All Over Again? Business Week
Speculators are playing the same dangerous game in the face of a certain Fed rate increase. It could get ugly soon
Investors eye Greenspan R  G to unveil latest high-wire act MSNBC
-- Treasuries up in Asia on Central Bank Buying - 6:48 AM Reuters
-- Gold prices slide as dollar resumes rally FT
-- Emerging Debt-Rate fears rule, Dominican Rep. eyed Reuters
Booming Commodity Prices, but... Faber
The Bear's Lair: The day of commodities UPI
Russell On Stocks & Gold G-E
Dissonance & Euphoria PBear
Questions of Interest NY Times (R) (Krugman)
My calculations keep leading me to a 10-year bond rate of 7 percent, and a mortgage rate of 8.5 percent -- with a substantial possibility that the numbers will be even higher.
Falling Dollar PBS  The buck also rises CNN/Money
A Monetary History of the United States After 40 Years Various (CATO)
Commentary: Dare To Be Wrong Fool
Just because a risk has yet to manifest itself doesn't mean that it doesn't exist.
Are Taxes Too High? CBPP
Federal Tax Burdens Have Fallen to Lowest Levels in Decades, Casting Fresh Doubt on Wisdom of More Tax Cuts In the Face of a Looming Fiscal Train Wreck
Higher rates, stock prices pummel real estate trusts USAT
Will rising rates deflate housing prices? Bankrate
With mortgage delinquency rates at 4 percent,  and both credit card delinquencies and personal bankruptcy filings at record-highs, there just isn't a lot of room in many household  budgets.
Housing prices soar, but how much longer? SF Chroncicle
“Houses turning over within a day” The Dispatch
Americans perceive real estate as the "new gold" - a store of stable wealth CSM
Is Real Estate Defying Financial Gravity? Realty Times
Manhattan apartments near $1M each UPI
The number of deals that closed over the asking price was 57% in the first quarter, up from just 23% in the same period last year.
‘The Donald' imparts real estate success Inman
Without his real estate, Trump would be a nobody and you never would have heard of him.  Trump: How To Get Rich Amazon
Computer appraisals may overstate home value-Fitch Reuters
Gas price hits record high for 4th week Reuters
Beleaguered Computer Associates fires 9 AP
Fannie Omits Shareholder Equity TheStreet
Mirant cuts staff after another huge loss AP
US Airways chief abruptly quits Philly
Hurdles ahead for makers of chips IHT (Bloomberg)
"History shows the semiconductor industry is headed for stagnation next year and a crash in 2006”
Bankruptcies No Bother for Underwriters CFO  MCI emerges from bankruptcy R
Industrial Bank Plans to Reduce Stockholder Roster WP
It is one of the strangest transactions Washington investors will ever see.
Bre-X trial resumes in December -- maybe CP
Mouse House Voted 73% vs. Eisner NYP
Getting Trumped: I saw hair, opened mouth, inserted foot NYP (Crudele)
Why Are Americans So Fat? Forbes
Bubble, Bubble, Toil and Trouble Time Asia
Beijing must take some air out of China's super-buoyant economy before it wreaks global havoc
Hang Seng slips to 2004 low CityWire Beijing considers rate rise FT
Will Asian Bond Fund Foil Crisis, or Cause It? Bloomberg
German April Investor Optimism Drops for Fourth Month Bloomberg
UFJ shares plunge on report of bad-loan increase IHT (Bloomberg)
On balance, Japan's so-called "lost decade" not so bad EPI
Lies, cover-ups, fat cats and an oil giant in crisis Independent
Average house price rises by £150 a day Times Online
U.K.'s Housing Market Boom May Threaten Economy as Rates Rise Bloomberg
Israel stock exchange hits record high Maariv
The IMF at 60: Reform Still a Long Way Off CEPR
Spaniard Is Favorite to Head IMF WP
Russia revels in US's woes Asia Times
French wine plummets in U.S. The Advertiser

Monday April 19
Oil futures top $38 for first time in a month CBSM
The Well-Known Relationship Between The Output Gap And Inflation NT PDF
Married to the Model, Or Output Gap to Get Test Bloomberg (Baum)
Saudis said to boost oil output in effort to help Bush CNN
Northrop documents indicate coverup Reuters
March Leading Economic Indicators Index Rises 0.3% Bloomberg  TCB
US warned to prepare for interest rate rises FT Talk grows CNN
Greenspan keeps world in suspense Herald Sun
Greenspan's High-Wire Act Business Week
Bonds May Be In For A Shock BW TBills Set for This Week
Can the Fed engineer a gradual rise in rates without setting off a stampede?
Game over for stocks and real estate MSN (Fleck)
Second Thoughts on Rates Hit Dollar Reuters
Inflation! And deflation UPI  Inflation Dichotomy Morgan Stanley (Berner)
Of guns, butter and inflation: Is this a flashback to 1968? JSOnline
Party's not over for commodities, strategists say Globe & Mail
Perception is reality Hussman
Asia Needs a New Consumer Morgan Stanley (Roach)
There’s nothing wrong with relying on trade as an engine of economic development.  The problem arises when there is undue reliance on such external demand. That’s a clear risk in Asia today.
America and China can't carry us forever Independent
Emerging Debt Hostage to U.S. Rate Fear Reuters
Fear Of Loss Drives Bob Rodriguez To Head Of Pack IBD
“The '74 bear market was a good one for me because I learned how truly stupid I was.”
Small-cap stocks might have reached their peak State (WP)
Market's worst months on way? Charlotte Observer
Economists' missed trends may indicate sea change Knight Ridder
Fuel-Cell Stocks Cooking As Oil Prices Rise NY Post
The Trouble With Gushing Oil Demand Business Week
Raising the roof: The price of lumber has more than doubled in the past year AR
“There've been increases in electrical, because copper's going up, and drywall costs more. But not as bad as lumber.”
Gold Slips Amid Inflation's Revival TheStreet  Rallies To Begin Week Kitco
Bullion vaults 'are at their fullest' and the price rise speaks for itself FT MineS
Silver To Get Back On Track After Pit Stop Dow Jones
Wal-Mart: How Big Can It Grow? Economist
Fannie Mae Net Income Declines as Loan Growth Slowed Bloomberg
Rule may compel Google to open books Mecury News
Price war taking a big bite out of memory makers' stocks Smart Money
Into Thin Air Forbes
Phone calls now flit over Wi-Fi networks at little or no cost to the callers. It is the story of the telecom industry--hundreds of billions of dollars are evaporating into the ether.
The Shrimp Wars: U.S. shrimpers fighting for survival Miami Herald
Shrimp from Asia and Latin America now feeds 88 percent of the American shrimp market.
Asleep At The Switch NYP (Byron)
How did the SEC miss all this? Easy. It wasn't (and isn't) looking...
Bubble Lives on at Broadcom, Where Options Still Rain Down SLedger (NYT)
Just when you thought you had seen the most outrageous transfer of shareholder wealth to executives through stock options, along comes a company that tops them all.
Tech worker body count reaches 160,785 TheRegister  OffShore Tracker
Buffett again goes his own way Newsweek Buffett Bash Bids on Ebay NYP
McDonald's CEO dies CNN/M
Bank in D.C. may face fines over Saudi tie UPI
The Stock Market Mark Cuban
-- The Number : How the Drive for Quarterly Earnings Corrupted Wall Street and Corporate America Amazon
How to earn $3.5 trillion and pay zero taxes CS Monitor
The caffeine count in your morning fix Baltimore Sun
Starbucks says that on average, its array of coffee drinks contains 320 milligrams in a medium cup. That's nearly double the caffeine in Folgers...
Q&A Starbucks' Howard Schultz, on America's caffeine fix BG
Why Is Europe Now Breaking Into Its Gold Vaults? Bloomberg
Soros says new EU members face currency speculation threat Guardian
Asia Oil Imports Hit All-Time High Reuters
China: The envy of Asia, but some economists worry it could overheat UT
The Big Red Machine Smart Money
While Chinese stocks are like late-1990s dot-coms on amphetamines, the country's equity markets are rife with debt-plagued, corrupt companies on the brink of collapse.
No plan for interest rate hike: central bank governor People’s Daily
Bank of China needs a year to prepare for IPO IHT (Bloomberg)
Japan's Jasdaq Market, New Leader in Pacific Rim, May Falter Bloomberg
Asia poised for casino boom as governments look for safe bet AFP
Put your hard hats on when housing topples Independent (King)
Fresh fears of house-price crash This in London
RBI cuts interest rates on NRE deposits India Info
I'm glad Rothschild is giving up gold Telegraph
Standard may bid for seat on gold fixing committee Business Report
Nippon Mining raises copper price Reuter
Raw material costs sting small firms Japan Times
FSA joins investigation into 'fraud' at toolmaker Times Online
Reserves crisis to claim third Shell scalp FT Shell cuts reserves again CBS
NAB directors threaten resignation ABC
Rice: Terror possible before November AP
Bremer: Iraqi security forces will not be ready by June 30 AP
Warriors for Hire in Iraq -  Part II Brookings (Slate)
Spanish Leader Pulls Troops From Iraq AP
Israel's extreme measures CS Monitor

Weekend Edition (April 17-18)
Gasoline Pump Price Sets Record Reuters
Discount Punch at the Never-Ending Party North
A Nation Chained to Rates WP
As Borrowing Costs Rise, Repercussions Will Resonate Throughout the Economy
Trying to Duck Inflation's Punch NYT (R)
The Great Deluder SH (Richebacher)
Golden Bull Buy Signals 3 Zeal
Tightening Lite? PBear (Noland)
Bull's Eye Investing Frontline (Mauldin)
Profits Outlook: Dow 18,000 by 2010? Yardeni  PDF
The Outlook For Bonds From Gross of PIMCO Total Return Bond Fund NBR
Whole Lot of 'Flation Going On Bonner
Fed's patience tested by strong economic data MSNBC
Ernst & Young Barred From Taking New Public Audit Clients WP
Shell chiefs meet as new allegations emerge in US Times Online

Friday April 16
Greenspan's German Counterpart Quits Reuters
Welteke’s Statement PDF
“The trust between the Federal Ministry of Finance and myself has been irreparably destroyed.”
Industrial production falls in March CBSM FED
Consumer sentiment slips in April CBSM
Pitfalls of Asian Central Banking Morgan Stanley (Roach)
The Productivity Boom -- Fact or Fiction? MS (Brener)
Housing Starts Rise 6.4% to 2.007 Mln Rate Bloomberg  PDF
Greenspan races the rate clock IHT (NYT) (Norris)
Greenspan: punish the sinners Reuters  Remarks
Fed Is Likely Many Months From Raising Rates Bloomberg (Berry)
Infectious Rate Fears CBSM
Suddenly, everyone in the world is worried about inflation. But they could be right.
Secular Bear Market Continuing Comstock
30-year mortgage rates highest since December Reuters  Freddie
Fewer Workers, More Production Mises
How Option Adoption Is Changing the Economy ABC Printer
Gold Heads for Biggest Weekly Decline in 3 Months Bloom
Is the barbarous relic, as Keynes called it, crumbling to dust?
Gold fix may rotate after Rothschild exit Independent
China to Reduce Gold Import Tariff Asia Pulse
The move is expected to further stimulate the consumption of gold in the country.
India, China see gold demand rise despite weak global market
OPEC Lifts 2004 Oil Demand Forecast Reuters
IBM Sales Sweet, Service Signings Light TheStreet  Nokia Warns R
Calpers widens campaign to withhold proxy votes Reuters
Dissidents: Eisner opposition up Reuters
Scandal, Psychology, and $61 Billion... Elliott Wave
Feds Level Charges in Two Investment Scams NYP
Enron-Merrill Criminal Trial Date Moved Reuters
Asian DRAM spot prices drop as Hynix dumps inventory in Taiwan DigiTimes
Charts:  Foreign Purchases of U.S. Securites $Bear
Why Swedens Central Banker Was Beheaded - 1719AD SH
Report to Congress on International Economic and Exchange Rate Policies UST
U.S. finds no currency manipulation CBSM
Treasury says China taking steps to float renminbi
Inflation looks to be next export from China IHT (NYT)
Forget China's rosy economic scenario Asia Times
Savings intention fail to match reality Times Online
Credit card debt keeps growing as indicators point to rate rise Independent
Dodge warns of 'tricky period of adjustment' for economy Globe & Mail
Vyugin Warns of Market Bubble Moscow Times
The Central Bank's "protectionist" ruble policy is causing the stock market to overheat and is threatening to create an asset bubble...
Russia: Taming the Rouble Morgan Stanley
International investors head for showdown in Argentina FT
GM soya 'miracle' turns sour in Argentina Guardian
Oil chief quits over gas disaster IHT (Bloom)
Parmalat Accumulated $2.1 Billion Loss Since 1990, Report Shows Bloomberg
Brokers hanging sell sign on NAB SMH
The Vietnam Analogy NYT (R) (Krugman)
Bush, Blair look for help from United Nations on Iraq AP
Rumsfeld: Iraq Toll Higher Than Expected Reuters
Talks to avert Najaf and Falluja bloodbath Guardian

Thursday April 15
Regional Manufacturing Indexes Surge Bloomberg  Philly Fed
Jobless Claims Rise 30K to 360K, Biggest Increase in a Year BL NY Empire
Why You Should Keep an Eye on Interest Rates NYP (Crudele)
Today's Inflation May Cause Tomorrow's Deflation Morgan Stanley (Xie)
When the global property bubble bursts, debtdeflation could ensue...It is always possible that the Fed could create another bubble to postpone the inevitable.
Surging prices signal inflation Baltimore Sun Gas prices on the rise again RCKY
Steel: A precious metal Star Telegram  Steel Prices Start to Level Off DJ
"I'm telling everybody I know, 'If you're planning to buy anything made out of steel, buy it now.  We've never seen anything like this in our lifetime."
Publication of Gold Survey 2004 GFMS PDF  $450 Gold a possibility  HomeP
Using the Consumer Price Index to Rob Americans Blind G-E
Treasury chief unworried by inflation Reuters  Fed's Parry - Too early to judge
Take a Few Steps Back Financial Sense
Fiscal deficit in US threatens world economy, says the IMF FT IMF
Treasury Checks and Unbalances Insight
The good news is that most of the federal agencies and departments are making progress. The bad news is that the federal government still cannot balance its checkbook
The Anatomy of Growth Mises
Rothschild, the bank built on gold, quits market Independent
Gold glisters a little less brightly for France's new finance minister FT
Newsletter ad doesn't add up CBSM
One of my informal indicators of an overvalued market is flashing warning signs.
Tax refunds aren't as hefty as expected USAT The Tax Man Taketh CSE
Michigan: Factory jobs stuck in doldrums Det FP
Quattrone Judge Upholds Ban on Jury Names Reuters
Tenet faces 2 more federal inquiries Reuters
Putnam targets its cutthroat culture USAT
Does "Diversification" Work? Elliott Wave
China's GDP Grew 9.7% in 1st Qtr, Exceeding Target Bloomberg
China faces pressure to revalue currency FT
Yuan Peg Presents China With Monetary Dilemma Bloomberg
Bank of China choosing IPO partners IHT (Bloom)
U.S. backs tariffs on China TVs IHT (Bloom)  China TV Makers To Appeal PD
Asians fighting the next Asian energy crisis Asia Times
Unlike prime minister Ohira's token 1979 gesture with energy-saving safari wear, the latest initiative will require tough decisions rather than loosening ties to assure Asia's energy security in years to come.
Japan's recovery forces bond yield rethink FT
Has Dr Doom spoken too soon? Guardian
Is the house price bubble set to burst? BBC
EU investigates £1bn 'illegal state aid' to BT Times Online
Brazil Cuts Benchmark Lending Rate to 16 Percent Bloomberg
Tsutsumi quits Seibu helm over payoffs Japan Times

Wednesday April 14
Stock speculation recently resurgent, igniting worries LA Times
Report sees oil at $51 a barrel by 2025 AP EIA
Consumer Prices Rise 0.5%; Core Gains 0.4% Bloomberg  BLS Treasuries
February Trade Gap Narrows to $42.1 Bln as Exports Rise BL Census
Freight Rates Weigh Heavily on Bonds TheStreet
How  high can they go? USA Today  Bond Market Implosion SH
Rates on 10-year note climb, likely to boost loan rates, hurt stocks.
Price of everything -- even money -- is going up CBSM
Fed Officials Need to Get Out More, Go Shopping Bloomberg (Baum)
Who says inflation is down? CNN/Money
We're told inflation is low, so why is the price of everything from gas to healthcare going up?
Good News is Now Bad News Comstock
Fed Has No More Policy Options
Nobody Can Stop This Runaway Train PBear
Mortgage Requests Fall to 3-Month Low Reuters  MBAA Release
Preview: Profligate Pols Bode Ill for Stocks TheStreet (R$)
Wall Street's Most Cherished Dogma Elliott Wave
Intel Says Sales Growth May Slow Amid ‘Economic Uncertainty' BL
SEC Orders Market-Timing Disclosures CFO
Half say the overall taxes they pay have gone up during the last 3 years AP
Cheney under fire for deferred pay Reuters
Vice President's 2003 tax returns show he received $178,437 in deferred pay from Halliburton.
President Benefits From His Tax Cut WP
Deposed Shell executive breaks his silence FT
Heavy selling swamps metals sector CBSM
Prices of many mining stocks weaken by 5% or more
New Book From Gold Guru Ruff Says Gold to Surge Past $1,000/oz PRN
-- Safely Prosperous or Really Rich Amazon
Silver? No Thanks, We Got Lots SH
Everywhere, the China effect Times Online
In China, Signs  of an Overheating Economy IHT (NYT)
Analysis:Interest rate hike in China next? UPI
Around Asia's Markets: Tin prices to remain high amid shortage Bloomberg
Japan wholesale prices post first rise since 2000 Japan Times
Are house prices set to crash? Independent  Dr. Doom #1 -  #2
London's Property Bubble Doesn't Trouble the Rich Bloomberg
Argentine Bondholders Counting on Better Debt Offer Bloomberg
Zimbabwe's Inflation Rises Above the 600 Per Cent Mark All Africa

US: Deficit $299.5b in first half fiscal '04 AP PDF File

Tuesday April 13
Intel Misses CBSM
Treasuries Decline on Speculation R-Sales Jump May Prompt Fed Rate Boost
Retail Sales Rise 1.8%; Ex Autos Gain 1.7% BL Census
Business Inventory Gain Continues in February Dow Jones  Census
Dollar Soars in London, Traders Eye Bank of Canada FXStreet
’Dow 10,000 hats still in style, even five years later SC Sentinel
Ten detrimental deficits   CBSM
Connecting the dots on America's financial hole
The Bear's Lair: The future that works UPI
Economic dependence can be hard to quit Independent (King)
Lopsided trends in profits and wages threaten to topple growth EPI
Bears Attack The REITs Forbes
Shares of real estate investment trusts have plunged 14% in five trading days
Chart: The Mechanical Effect Longboat
Will Creativity beat market bears? Financial Post
Nanofrenzy a mini dot-com craze? CBSM
Dot-Com IPOs Get Ready for Their Sequel AP Return of technology IPO WBJ
Real estate bubble babble revisited Inman  Lost Dreams in the Poconos NYT (R)
Debt addiction fuels 'fabricated' property valuations
Home prices up nearly 20% in metro area Baltimore S  The Hottest Zip Codes
The average sale price of homes in the Baltimore area jumped almost 20 percent last month
Home Prices in L.A. Soar at Record Rate LA Times (R)
US spells out fears over rise in energy prices FT
Oil Holds Strong, Saudi Feeds Asia Growth Reuters
Despite high gas prices, Americans keep on driving CSM
Consumers to pay price for soaring steel costs AP
The price of milk is expected to reach record highs this year CBSM
Folgers Coffee Prices Perking Up Reuters
Gold and Inflation Lee
Hospital bills spin out of control USAT
U.S. firms face little risk of tax audit IHT (NYT)
Tax enforcement has fallen steadily under Bush, with fewer audits, fewer penalties, fewer prosecutions and virtually no effort to prosecute corporate tax crimes.
High-tech humiliation helps states nab tax cheats Stateline
Fears rise as jobs go abroad BS
SEC preparing charges in AOL ad sales WP
Quattrone to testify in second trial USAT
SEC probes stock option grants Reuters
Regulators are examining whether firms have timed stock grants to precede positive announcements.
NASD fines David Lerner $120,000 Reuters
Former top economist for Clinton chosen for Fed USAT
Investors welcome rules on derivatives FT
Citigroup Is Top Underwriter for Companies That Went Bankrupt Bloomberg
PG&E ends 3 years of bankruptcy AP
J&J posts higher 1Q earnings Reuters  MER - BBT - PBG - DJ
First-Quarter Results Least of Intel's Worries TheStreet
French Finance Ministry, Bank of France To Mull Gold Sales: Report AFP
Bank of Canada cuts overnight rate by 1/4 percentage point BofC
What does China's GDP indicate? People’s Daily
China vows war on inflation AP
China's Spending Fury Points to ‘Moral Hazard' Bloomberg
China hungry for electricity this summer PD
Nonresidents buy stocks at record level Japan Times
'Dr Doom' says UK house prices set to crash FT
“Everyone is hoping for a soft landing but no, we don't have soft landings in things like this, ever.”
A little rates pain now will avoid agony later Times Online
The British rush for Russian gold Times Online Where The World’s Gold Is
Argentina set to buy extra dollars to rein in peso FT
Russia could face a stock market collapse UPI
Western Analysts Believe Russian Boom Is No Bubble MosNews
Russian oil tycoon plans not guilty pleas AP
Abizaid seeks more combat troops for Iraq FT
Snares and Delusions NYT (R) (Krugman)

Monday April 12
Is Housing a New Bubble? Newsweek
Treasury Prices Fall, Investors Leery Reuters
Calpers Won't Vote for Citigroup's Weill Reuters
On the record: Robert Parry SF Gate
Oil prices soar on Iraqi resistance Reuters  Nymex Gasoline Futures at Record
Platinum hits fresh 24-year high FT
Is Deficit-Financed Growth Limited? Levy
U.S. fiscal policies adding crushing weight to national debt Dallas MN
Rockefeller monthly comment Rockerfeller PDF
Is Seagate's swoon bad news for all stocks? MSN (Fleck)
Are the seeds being sown for a second-half sell-off?
Shades of 1994 Morgan Stanley (Roach)
The Chinese investment bubble may be even worse now than back then
Should you buy what China buys? AME (Faber)  Just like 1997 FT
Dr Faber believes this market is overheating and will experience a severe slowdown in the near future.
Hyperactive Sheep Hussman
Trying to keep the market efficient is a lot like trying to keep a drunk, hyperactive sheep standing on a nickel.
Effects of a Bond Market Plunge 321
The Face of Deflation CornerStone
Watch the Hedgehogs NYT (R)
Isn't this the time to shake the trees of Wall Street and Pennsylvania Avenue, to protect unwary pensioners and ultimate smaller investors?
Are Traders Jumping the Gun on Government Reports? CFO
One recent morning, stocks and bonds began to move just as they should have ''if someone knew the jobs numbers ahead of time.''
Blue Skies and Green Yards, All Lost to Red Ink NYT (R)
Why Housing Is About to Go "Pop!" Business Week
“...the collapse could have as much as twice the negative impact on the U.S. economy as did the stock market crash”
Lender predicts disaster as interest rates go up PressT
A bubble in housing, with worries of a pop MSNBC
More senior citizens confront bankruptcy, credit card problems Atlanta JC
Fed Loses Happy Inflation Hawk as Parry Retires Bloomberg (Berry)
Stock Speculation Sees a Resurgence LA Times (R)
Rocketing prices of relatively obscure companies could suck in small investors who are desperate to make up damage done to their portfolios in the long bear market.
Dot-com bust isn't over for workers USA Today
Shifting blame for manufacturing job loss EPI
Effect of rising trade deficit shouldn't be ignored
Thousands haven't paid their utility bills JSOnline
Crude Oil Close to 2-Week High After IEA Raises Demand Forecast BL
Why oil prices will stay high Asia Times
Survey shows gas prices rise another 2.5 cents nationwide AP
We all scream over the price of ice cream CS Monitor
Scrap metal buyers relish price drop MJS
Short-term slide may continue, but experts say China has transformed market.
Higher Costs Hurt New York Times Profit Reuters
Chemicals Maker DuPont to Cut 3,500 Jobs Reuters
IPOs Slack Off; China a Concern NYP
NYMEX gets bid of up to $980 million from fund Reuters
Dow losing its relevance Toronto Star
Disney Sues Disney for Voting Records CFO
Institutional Investors Support FASB Options Expensing Proposal SmartPros
Japan may need to diversify reserves with more gold JT
Welteke's Son Says Bundesbank Head Clashed With Eichel on Gold BL
AAA Manager Interview: Birch sees gold shining CityWire
Dollar’s Purchasing Power Key To The POG Kitco
UAE sells remaining gold reserves for higher price Gulf News
Humble Argentine pie fo IMF BBC
The IMF has owned up to making mistakes in dealing with Argentina's 2001 economic crisis, which pushed half the population into poverty.
China Lifts Bank Reserve Ratio to Restrain Growth Bloomberg
Chinese stock market can be risky business AP
Be very careful when buying Chinese stocks AP
China to overtake Britain in foreign trade Times Online
Booming China's Crude Oil Imports Soar Reuters
China Q1 soybean imports up 39.2 pct yr/yr Reuters
China's hunger for oil, ore boosts trade deficit G&M
Inflation threat looms as prices climb in Asia AWSJ
Japan's Bust: An Austrian Critique of the Fed's Explanation Mises
Spend now, suffer soon: debt will start hurting Times Online
The Untold Story: India’s Forex Reserves Match Its External Debt FE
Canada: Cut in interest rates expected M Gazett

Weekend Edition (April 9-11)
Is it back to the '70s for gold? Financial Post
Soaring steel prices may cost consumers AP
Bush OKs Pension Aid to U.S. Companies AP
One Good Month NYT (R) (Krugman)
Consumer confidence slips amid economic, job worries AP
SEC chief adamant on hedge fund managers FT
Circling the Wagons Morgan Stanley (Roach)
Relative Gold Bulls Zea
lIdeologues and Quagmires PB (Noland)
Policy Traction SH (Richebacher)
Alan Greenspan Is No John Law Gold Sextant
Employment Games and Other Silly Statistics Frontline (Mauldin)
Employment mirage? Union Tribune
Inefficient Market: Hitting the wrong target PBear
Oil Consumption to Rise Faster Than Expected in 2004 Bloomberg  IEA
Supply fears prompt spike in crude prices FT
Soybean prices hit consumers KC Star
Senate passes pensions relief bill, sends it to the president USAT
'Pig Book' slams Congress for 630 wasteful projects Washington Times
Yahoo chief nets $13m windfall FT
Ex-Goldman trader gets 33 months in jail Crain’s
Coca-Cola Says ISS Urging Buffett's Ouster From Board Bloomberg
Ex-Enron CEO Skilling taken into police custody AP
China: the new bubble? CNN/Money
Yen Heads for Losing Week on Iraq Explosions, Japanese Hostages Bloomberg 
China funds are hot and U.S. investors are flocking to them.
Intervention to continue, Tanigaki says Japan Times
Bond traders perceive ECB rate cut by June FT
What Brought on the French Revolution? Mises
Deloitte unit 'buried' Parmalat irregularities FT

Thursday April 8
Putnam Investments to Pay $110 Million to Settle Fund-Trading Allegations BL
Reliant Unit Indicted Over Manipulation
4 Injured As Blast Rocks N.M. Refinery AP
Irrational exuberance again CBSM
Glassman's optimism bias is so extreme that at the height of the bull market he was telling investors that stocks were actually "undervalued," recommending that they not bail out.
Initial Jobless Claims Fell by 14,000 to 328,000 Last Week BL
Investors' concern shifts to Iraq war USAT The Iraq Factor Boston G
Questions mount on whether Iraq is becoming a quagmire Orlando S
U.S. to send thousands more troops into Iraq IHT (NYT)
Oil Firm on U.S. Crude Stocks Drop, Iraq Reuters
DOE sees record average summer gasoline price of $1.76 CBSM - EIA
FTC Says No Collusion Among Oil Companies Reuters
Market for Speculators Forbes (Grant) (R)
With the CPI rising at 2% a year, the bond bulls still are banking on less-than-zero readings. While their reward for being right is modest, their losses would be downright ruinous.
Gearing Down CIBC PDF
Fed may add to uncertainty: Goldman Globe & Mail
Pension plans struggle despite gains in markets USAT
A Blunt Warning In Plain English Elliott Wave
The 75% increase in margin debt the past 12 months is "three times the average growth rate over the 1997-to-1999 period."
The Big Tech Scramble Fool
It's like the telecommunications market in the 1990s, where you had 10 different companies all going after being able to claim 25% of the market
Winning Essay: The Run-Up in Housing Prices is Not a Bubble CEPR
-- Response: Housing: Alan Greenspan’s Second Bubble CEPR
The Risk of ARMs Prudent Bear
What Drives Housing Price Dynamics: Cross Country Evidence BIS  PDF
Foreclosures up 14% in March American BJ
Denver: Foreclosures soar Rocky Mountain News
“It's the most we've ever done in one month. They just keep coming in droves."
Philadelphia homeowners race to keep homes Inman
"Borrowers get scared. They're intimidated, they're upset, they're depressed, and they don't open the letters from the lenders"
Are lawmakers really serious about addressing the federal deficit? UPI
Sraffa's Production of Fallacies by Means of Fallacies Mises
More than 2/3rds plan to spend their tax refunds on everyday purchases Cam
Intel Investigated by Japan's Competition Watchdog Bloomberg
Intel offices raided in Japan on bad biz concerns TheRegister
Wal-Mart March Same-Store Sales Up 6% Reuters  YHOO - DELL - GE
Martha Stewart trying to humiliate juror, say prosecutors AP
Lea Fastow’s Plea Deal Rejected by Judge AP
What a high-profile fiasco says about corporate-fraud trials Economist
Pump'n'dump spam? Hooray! CNN/Money
It may be criminal, but the return of e-mail-stock scam means the bull is back.
A Bubble in Bulk Forbes
China's appetite for raw materials is driving up shipping cost--and making speculators happy indeed.
China, as Summer Nears, Braces for Power Shortages NYT (R)
Intervention pushed forex reserves to record high in March Japan Times
Chinese finance minister vows to keep currency policy stable People’s Daily
British interest rates unchanged CNN
RBA's McKibbin Ponders Fed Inaction Dow Jones
“I think the U.S. economy is pump-primed like crazy...I think they [the Fed] have to start moving very soon”
Mexico Peso Falls to Lowest This Year on U.S. Rate Concern BL
Half of euro zone expected to break EU deficit rules AP
German bank chief takes leave of absence IHT (NYT)  Pressured To Quit BL
Ignorance rules as property investors kept in the dark SMH
Korean bank employees flee with booty AAP
Oman's Oil Yield Long in Decline, Shell Data Show NYT (R)

U.S. Consumer Credit Increased $4.2 Billion in February Dow Jones  G.19

Wednesday April 7
Rising rates could set off the debt bomb DMN
Many consumers weighed down by debt loads don't have the flexibility in their budgets to face increased payments.
March Import Prices Rise 0.9%; Ex-Petroleum Index Up 0.2% Bloomberg  Cen
M2 Money Supply Resumes Growth Despite Continued Money-Fund Decline NT
The Bear's Lair: Lobbyists of fraud UPI
Barrett goes on to claim that if options costs are expensed "no wise investor or professional analyst will pay much attention to the expense figure." In that case, his argument that expensing would reduce productivity, return on equity and the joys of motherhood makes no sense -- how can a figure to which nobody pays attention have any effect at all?
Central Pranking Safe Haven
Overlooked factor in oil hike: falling dollar CS Monitor
Big, fast jump in Bay Area gas prices Mecury News
Food makers choking on rising costs Financial Post
US Swine Report - Strong Demand Pushes Prices Further Up PigSite
Silver age looms for price of nickel Australian
Rate rise dampens US mortgage refinancings Reuters  MBAA
A Concerned Look into General Electric Ahead of Earnings Schaeffers
Seagate Shares Fall on Warning After Hours TheStreet  Alcoa misses G&M
IBM acquires Indian call-centre operator FT IBM Turns 40 MN
Gen'l Mills reveals more on SEC probe CBSM
SEC subpoenas MarketWatch execs CBSM
Mamma.com being probed by SEC FP
Tyco juror says she didn't flash OK signal USAT
Black pilloried as 'a looter' Scotsman
IMF warns financial stability at risk from terror Reuters
Cheney Tax Plan From '86 Would Have Raised Gas Prices NYT (R)
China: Bubble Stories Morgan Stanley (Xie)
EU Trims Growth Forecast, Says Six States Breach Deficit Limits Bloomberg
IMF Critisizes Bad Loan Problem Japan Times
Japan foreign reserves hit record high, pace may slow Reuters
Chinese steelmaker plans 50% rise in capacity FT
Ford to set up second production base in China People’s Daily
German central bank chief under pressure over hotel treat AFP
Credit Risk of Small Firms Doubles in a Year Korea Times
Taiwan parties hit deadlock on recount FT
Fighting spreads to 6 Iraqi cities IHT (NYT)

Tuesday April 6
Nokia Pre-Trading Slumps After Outlook Reuters
Government’s Jobs Data Will Cost You Money NYP (Crudele)
Where are we now? CyclePro
The Twin Bubbles Morgan Stanley (Xie)
The risk of a global hard landing is rising rapidly. The trigger could be a policy action by China, a credit incident in the commodity market, or just the weight of the debt bubble in Australia.
US business confidence seen at 20-year high Conference Board
Snowdrifts of Debt Mises
Debt level places US at risk Boston Globe
Playing Favorites CFO
Why Alan Greenspan's Fed lets banks off easy on corporate fraud
Gas prices reach record, averaging $1.78 a gallon Bloomberg
Natural Gas Supply, Demand and Pricing EnergyPulse
North American Natural Gas Markets: Summer Surprise Ahead?
U.S. Inflation May Accelerate This Year, Bloomberg Survey Says Bloomberg
Recent jump in m-rates frustrates would-be buyers, those seeking refinancing BS
In Study, Most Companies Reported No Taxes NYT (R)
Tax Refunds Fall Way Short of Lofty Predictions Capital Hill Blue
Employers check family ties to cut health care rolls USAT
Americans are too optimistic about retirement, study finds Baltimore Sun  EBRI
Workers asked to train foreign replacements USAT
Bank of America to Cut 12,500 Jobs Reuters
Kodak employees get bonuses, fear layoffs AP
Celestica axes 700 workers CP
U.S. branch of French bank giant is probed IHT (Morgenson)
Bank of America broker indicted This is London
Another Tyco Trial Looms Next Week CFO
Tyco Letter Writer Believed Mistrial -WSJ Reuters
4 Lucent Execs to Leave in Saudi Probe Reuters
Former Tenet CEO gets $1.3 million in severance pay AP
Gates ‘Richest’ Title In Dispute NYP
Stock options are falling out of favor CFO
John Law : A Short History of a Central Bankers Spectacular Fall SH
Investors Cut Bets China Will Ease Yuan's Peg as Inflation Ebbs Bloomberg
Nikkei Above 12,000, Highest Since Aug 01 Reuters
Experts split on whether Asia is a bubble or a buy CC (NYT)
China Life Said to Be SEC Target CFO
China the world's 4th auto producer People’s Daily
German Unemployment Rises 44,000, Most in One Year Bloomberg
Pricey Japanese hotels spawn car-camping fad WSJ
"For the price of one night in a hotel, I can sleep in my car for a week.  Leisure is just too expensive in Japan."
Netherlands: Next Country to Enter Excessive Deficit Procedure Morgan Stanley
Look before you leap into a fifty year home loan Guardian
Is Belgium the secret heart of the global economy?   Slate
Electricity shortages hit Argentina FT
Defaulters tell woes to counselors, apply for 'bad bank' programs Korea Herald
"Things got really tough last year. People seemed to think even fortune telling fees were a kind of extravagance"
Muqtada pushes Bush to the brink Asia Times

Price Pressures Seen In ISM Non-Manufacturing Survey Also Northern Trust

Monday April 5
U.S. March ISM Services Index Rises to Record 65.8 Bloomberg  ISM
Treasury Buyers Most Pessimistic Since 1990 After Jobs Report Bloomberg
Treasuries Slide Again; Supply a Burden Reuters
A Fed Divided CIBC PDFThe Fed is Back in Play FX Street
US needs sustained jobs growth, and lots of it Independent (King)
Aristotelian Tragedy Hussman
Pondering Asia Morgan Stanley (Roach)
Where are the inflation vigilantes when we need them? MSN (Fleck)
Bond traders used to push rates higher at even a whiff of inflation, but with signs of rising prices now everywhere, they're overwhelmed by our desire to borrow our way to prosperity.
Second thoughts on the jobs jump? CBSM
The stock market liked Friday's positive job surprise, but the bond market didn't. They can't both be right. Hidden news from the BLS PBear
Presidents and employment trends American City BJ
How banks balance the books Warsaw Business Journal
The Relationship Between the Dollar and the Current Account Saville
U.S. probing bond research for conflicts - WSJ Reuters
They enjoyed it so much last time, they're blowing a hi-tech bubble all over again
The problem with hangovers is that they are forgotten by the time the next party comes along.
There Goes the Neighborhood Washington Monthly
Why home prices are about to plummet--and take the recovery with them.
Getting it right on recessions and the 'wealth effect' Brookesnews
OPEC: Don't blame us Reuters
Goldbugs dazzled by their own successes FT
Geologists Claim Massive Gold Find in Altai Moscow Times
Quit whining, tech industry, and help formulate new rules Knight Ridder
The fat lady is singing on s-options Finance Execs Cash In on Options CFO
$pecial Problem NYP
Dutch trading firm Van der Moolen, charged by regulators last week with trading violations, is in such dire straits that it had to ask the Securities and Exchange Commission for an installment plan to pay its fines.
Lucent retirees' losses often company's gains WSJ
Nortel Says SEC Launches Formal Probe Reuters
Sun Lays Off 3,300 as Fiscal Q3 Falls Short CBR
Qwest CEO Got Huge Pay Jump Forbes
Trump: Fire Yourself NYP
Ikea's Kamprad Surpasses Gates as World's Richest, Reuters Says Bloomberg
Black to sell more of his empire Guardian
Banker’s speech points to global problems WSWS Malcolm Knight
Derivatives dealers warned on exposure FT ISDA
OCC Bank Derivatives Report -- 4Q03 OCC  PDF
Glitch leads to overcharges on credit card transactions AP
U.S. chip makers face risks in boosting manufacturing in China KR
In 5 years, they will be the equal of anybody.
Intel still hoping   Japan Fires Shot Register
Commodity Producers' Fate Tied To China's Growth Asian WSJ
Everybody's bullish because they think, `We can sell as much as we produce, China will grab it " The bad news is when China slows down. Those people who are laughing today will end up crying."
Four reasons why China will not revalue RMB People’s Daily
Asian Central Banks and the Currency Traders Bloomberg
The shine comes off for China offerings IHT (Bloom)
Chinese demand for steel weighs on global industry AFP
IBM enters Chinese real estate market PD
What's That Sound? NYT (R) (Friedman)
You have to feel sorry for the Mexicans: they are hearing "the giant sucking sound" in stereo these days
How to Handle Two Giants? Carefully WSJ
U.S. investors buying shares of Infosys on Nasdaq have paid as much as 60% more than the equivalent shares trading in Bombay.
The unstoppable, surging yen Economist
The yen is surging again. Will the Japanese authorities halt its rise? Can they?
Looking to ease U.S. ire, Tokyo halts massive yen-selling Asahi
Itochu forecasts 32 billion yen loss due to asset write-down Japan Times
The fact that an increasing number of firms are introducing the new accounting rule earlier than required might be another indicator of the nation's improving business condition.
It's not stable, and the growth is in deficits Guardian
As the European Union's newcomers prepare to join they will find all is not well in euroland
A tougher Bank must put an end to Britain's affair with debt Times Online
Argentina's Power Shortages May Brake Economic Expansion Bloomberg
Impact of the Weak Dollar on Gulf Economies Arab News
Watchdog to pay for fraud Kathimerini
10 U.S. Troops Killed in Iraqi Violence AP

Weekend Edition (April 3-4)
The Coming Generational Storm Frontline (Mauldin)
Euro Gold Challenges E350 Zeal
The Quest for Monetary Order PBear (Noland)
CBO: Expensing Options Won't Hurt Economy Reuters  PDF File
Tyco Case Ends in Mistrial Reuters
So Close, Jurors See Long Effort End in Nothing NYT (R)
Given just a bit more time, several jurors said yesterday, the panel probably would have found the defendants guilty of at least some of the 32 charges against them
Got extra money for a gallon of milk? IndyStar
“This is one more catastrophe, especially for families that require milk”
Are we heading for a crash? Independent
Derivatives firm sues over alleged poaching Times Online
Investor backs off deal with Air Canada Toronto Star

Friday April 2
Payrolls increased by 308,000 in March BLS Payrolls finally explode CBSM
Home Is The Heart (Of The Matter) Contrary Investor
Anything But Treasuries -- and JGBs Pimco (Gross)
(The Last Vigilante, Part III)
Fed Focus: Doctor, My Eyes Pimco (McCulley)
India’s Awakening Morgan Stanley (Roach)
“A Balance of Financial Terror" Comstock
Wages of Bad Accounting: Bosses Got Rich While Companies Borrowed I-NYT
The financial markets are leveraged for a crash... 321
Russell On Gold, Silver & the Dollar Gold-Eagle
Gold futures close at a 15-year high CBSM Fall Hard After Jobs Report Kitco
Silver at 16-year high; metal indexes log 6-session win
Is Silver Being Manipulated? Kitco
“A lot of traders are of the opinion that silver inventories are tight" Reuters
-- Silver Warehouse Stocks NYMEX
Malaysia tin jumps a hefty $730 on tight supply Reuters 
Natural Gas Set to Soar This Summer Financial Sense
Gas Prices: A Rite of Spring Mises
Fed's Kohn rejects criticism of rates policy FT
U.S. Firms Keep Billions Overseas WP
Negotiators Reach Accord on Pension Bill NYT (R)
State-by-state data show disappointing job growth widespread JobWatch
Global Chip Sales Reach Record Growth Reuters
Gateway to close all stores, fire 2,500 USAT
Microsoft to pay Sun $1.6B CNN/Money
Dow sheds 3 of its oldest members USAT
Harder Line On Fannie, Freddie WP
Armando Falcon, JR on Fannie Mae Accounting Review OFHEO
Back to the future? Assessing the deflation record BIS  PDF File
Euro jumps as ECB holds interest rates Independent
House equity withdrawal worries Bank Guardian
China phone firm slumps on debut IHT (Bloomberg)
A `Comic-Book Curse' Hits the Japanese Yen Bloomberg
Japan joins complaint over China tax breaks Bloomberg
Falling metal prices fuel debate in China FT
Has the Chinese boom driving surging world metal prices started to abate?
Next stage opens in Yukos case IHT (NYT)
Marks & Spencer to cut 1,000 jobs BBC

Is Alan Greenspan a Malignant Alien Life Form? Rockwell
Inflation Indicators Are Sending Warning Signals Northern Trust PDF

Thursday April 1
US manufacturing grows for 10th month AP ISM
Initial Jobless Claims Fell by 3,000 to 342,000 Last Week Bloomberg
February Producer Prices Rise 0.1%, Core Rate Gains 0.1% Bloomberg  BLS
Ageing populations 'will create crippling debt' FT
-- Aging Populations May Lead to Three-Fold Increase of OECD Government Debt Ratios by 2050 S&P
Opps!  Labor Department Lost 321,000 Jobs! NYP (Crudele)
Investors worry about housing bubble CBSM
Sprott's Canada Stock Fund Favors Gold Bars, Cash Bloomberg
“There's going to be some carnage. That's what we're trying to protect against.''
Fed, Analysts Differ on Inflation Bottoming Out Bloomberg
How a currency can fight the Fed PBear
Here Lies Greenspan, Not for Considerable Period Bloom (Baum)
Greenspan Manipulating Economy ‘Just for fund’ Mocking Word
Accounting Board Wants Options To Reported As An Expense NYT (Norris)
The Cost of Expensing Stock Options CFO
The accounting change would retroactively reduce estimated 2004 earnings per share for the S&P 500 by 7.4 percent...
Pay Attention To Valuation Gold-Eagle
Light Market Volume Reflects Uncertainty IBD
Be wary about merger mania Dallas Morning News
SEC looks into Edward Jones' mutual fund sales USAT
Many Older Americans Losing Homes After Struggling to Settle Tax Bills AP
Lawmakers urge SEC rethink on fund trade proposal Reuters
China Life IPO comes under US scrutiny FT
The offering was the world's largest last year, with demand for the shares outstripping supply by about 25 times...The company has already been hit by a series of lawsuits, alleging it did not disclose to investors the irregularities.
NYSE considers move into derivatives trading FT
“They're going up in price" -- So Let the Chase Begin? Elliott Wave
George Soros Hit With Glue, Water in Ukraine, Interfax Says Bloomberg
Martha Stewart asks for new trial AP
What The Trustees' Report Indicates About The Financial Status Of Social Security CBPP
London silver hits $8.00/oz as speculators buy Reuters
Gold Futures Close at Highest Level Since 1988 $ Declines Bloom
Shorts Gone Wild - Gold & Silver Butler
All the insider shorts can do is to stall and try to shake as many longs from the tree as possible.
March yen-selling intervention hits 4.7 trillion yen Japan Times
Tanigaki: "The basic position of the Finance Ministry remains the same"
Traders Testing Tokyo's Commitment to the Dollar NYT (R)
Japan loses battle to keep yen below 105 per dollar Reuters
European Central Bank Keeps Benchmark Rate at 2% Bloomberg
Sweden cuts rates to lowest level in a century FT
Record borrowing fuels UK rate rise fears FT
Gasoline price rise triggers inflation fears in China Business Times
India's economic growth set to overtake China, latest quarterly estimate surprise analysts AP
Equitable threatens further cuts to policies Times Online

Over a barrel? PBS
Oil industry experts discuss how OPEC's decision will impact the U.S. economy and world markets.
Oil futures fall on supply spike CBS