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Week Ahead: Earnings Stumbles Could Awaken Bears CNBC Ready for barrage of earnings World Finance Chiefs Chastise US on Budget Gap CNBC The Cure for High Prices Mauldin U.S. bank failure tally hits 34 MW FDIC Making Room for China Noalnd Aging Bull Swenlin Don't Fall For The 'Defensive Portfolio' Hype! Harding Research US: Fiscal battle heats up Danske GRAPHIC: 10 Years, 10 Broken U.S. Debt Ceilings... NJ FX Forecast Update: Global PMI decline will not save the dollar Danske A global re-assessment of risk – part II DB Research The Weak Dollar Problem CATO Runaway Public Pensions Betrayed by Fraud, Abuse BL Cash misery fuels rush to risk LAT The Granddaddy of All Bubbles? BW This Tech Bubble Is Different
Homework Regulators Aren’t Doing NYT (Morgenson) U.S. Sought to Prevent Defense From Prepping Galleon Witness BL The Confessions of an Inside Trader WSJ The Wall of Worry Has Never Looked So High NYT SPX Correction Looms 2 ZEAL Gas prices could soon break July 2008 record USAT Saudi Arabia did not make up for Libyan oil Oil Drum House Republicans Move to Push Derivatives Rules to 2012 BL Remembering Joe Battipaglia, RIP 1955-2011 MW Rand old time for Ayn adherents NYP
Germany Floats Greek Restructuring as Papandreou Pushes Cuts BL China hikes bank reserve measure Reuters China Vows to Punish Those Who Leak Economy, Inflation Data BL China's Scary Housing Bubble NYT China Central Bank: Yuan Tightening to Continue Reuters Raging Loonie: What It Can and Can Not Do BMO Bird-watching: Why loonie is economy’s “it” indicator G&M In Euro Zone, Effects of Trade Collapse Linger NYT What Europe's coming debt default will look like Warner
Weekly Focus: US public finances in focus Danske Global Views Scotia
Gold rallies to record; silver hits 31-year high MW Silver: The smart money gets bearish Breakout Consumer Sentiment in U.S. Rose More Than Forecast in April BL Consumer Prices in U.S. Rise on Food, Fuel; Other Costs Cool BL BLS Manufacturing in New York Area Grew in April at Faster Pace BL Market Outlook Negative Both Technically And Fundamentally Comstock How to forecast a stock-market top Hulbert STRATFOR's 2011 Second Quarter Forecast Outside The Box Global markets in for a mid-cycle correction: HSBC Reuters “My analysis suggests that at about $130 per barrel for crude, there is a high probability for a recessional bear market” Republicans Will Be to Blame if US Defaults: Geithner Reuters Can We Believe Geithner on Debt? FT “The markets believe that our problems are manageable and our system will solve them. There is no conceivable way that Congress would take the risk” Government shutdown may kill corporate debt Saft Krugman - Mish Update on the inflation hysteria. This invisible monster is ready to devour us! FMaximus Greece Default Risk Trades to New High; Still No Big Concern About the US BeSpoke 10 US Housing Markets At Risk Of A Major Collapse BInsider Foreclosure Investors Flip Homes, Reap Rewards HP Beyond the Recession: The Great Housing Rebalance Brookings Foreclosure Fight Needs to Find Fast Answers CNBC Broke U.S. States’ $48 Billion Debt Drives Unemployment Aid Cuts BL The rise of the anti-Keynesians Economist
Banks Near Deal With SEC WSJ (via MW) Wall Street Is Keen to Settle Fraud Charges Involving Toxic Mortgage Bonds In Financial Crisis, No Prosecutions of Top Figures NYT US investigates banks over credit crisis 'cartel' claim Inde Bank of America to cut 1,500 jobs MW Gross Alone Beating Stocks as Bears Fail to Profit From Crashes BL As Americans Save, German Discount Grocer Moves In Spiegel Seven stocks to sell MW Suicides Go Up When Economy Goes Down WebMD Gold Hits Another New High, Silver at 31-Year High Kitco Gold's bull run may be in its latter stages - Klapwijk Mineweb Gold investing: what to do and how to do it MW Grant - US Will Resolve Debt by Returning to Gold Standard King World Newmont: A stock too cheap for comfort G&M Gasoline prices could soon break July 2008 record USAT Glencore's big bet on the commodity craze Barr
China Economy Grows More-Than-Forecast 9.7% BL Economists React China data signals further room to tighten policy MW Wen: “Judging from the inflation situation in the first quarter, we are still under great pressure of price hikes. We should never lower our guard.” China's central bank drains 83 billion yuan from money market Xinhua Greece to Unveil Austerity Measures to Meet Deficit Goals BL Moody's cuts Ireland rating to just above junk AFP Resentment Is Rising In Euro Zone NYT (Norris) 'One of the Most Dangerous Bankers in the World' Spiegel Brown ready to bounce back with lucrative job as adviser Inde
Heavy price for nuclear crisis Yomiuri China Needs Nuclear Power—and Regulations BW
Gold gains 1.2%, closes in on record high MW U.S. Dollar – Review and Outlook Merk Radical gold bugs keep confidence MW Why Oil-Price Shock Is Hitting American Consumers Hardest CNBC Bastardized market has lost all legitimacy Crudele Legland Says Overseas Investors ‘Worried’ Over U.S. Debt BL Jobless Claims in U.S. Jumped Reflecting Quarter-End Volatility BL Wholesale Prices in U.S. Increase 0.7%, Led by Energy, Trucks BL Foreclosures continue to trend down in Q1 CNN Federal Reserve’s path of destruction Stockman Why the Doves of the FOMC Have an Advantage at the April FOMC Meeting NTrust Obama Proposes Cutting $4 Trillion From Deficit in 12 Years BL Holtz-Eakin: “We`ve seen this movie before.” CBO Says Budget Deal Will Cut Spending by Only $352 Million NJ Understanding Congress’s solution to the federal deficit problem Greenspun Geithner says Congress will pass debt limit increase Reuters Banks facing $3.6 trillion 'wall of maturing debt', IMF says Telegraph Pimco's El-Erian: US 1Q Economic Growth 2% Or Less CNBC Some market discipline for economists Baker Keeping Capital in a Depression Casey Atlas's Ayn Rand Never in Bed With Hollywood Baum Larry Summers has had enough financial regulation Salmon BRICs Take Aim at the Dollar as Deficits Grow Reuters “There is a need for a broad-basing of the international monetary system.” Why Are The Republicans So Silent On The Falling Dollar? Forbes Recession by End of Year? Mish Econbrowser - Cassidy - Dr. HB - Smith Buying Opportunity? Find Out What Extreme Sentiment Levels Mean For Your Investments EW
Banks Forced to Pay Foreclosure Victims as Talks Continue BL Senator questions Goldman execs' testimony AP Blankfein Could Face Criminal Prosecution For Role In Financial Crisis HP WSJ: Senate investigators spent two years gathering and analyzing 5,901 pages of confidential emails and documents Vultures Circle Madoff Clients To Buy Their Claims Lenzner Bankers Running Rings Around Regulators CNBC Companies stashing cash overseas MSN Rickards: Institutions way under-invested in gold King World George Clooney Tackling Washington, Wall Street In New Film HP
Finland Could Block Portuguese Bailout Reuters Greek-out! Again! Finland is the only euro zone country where EFSF bailout loans have to be approved by parliament. China FX reserves soar past $3 trillion Reuters China to become biggest energy consumer China Daily Singapore tightens as growth soars Dow Jones BRICS speak out against use of force in Libya AFP Where Is Cash Still King? WSJ
Radiation surges above 4's fuel pool Japan Times Spent fuel rods add to trouble at Japan nuke plant AP
Fed survey: US economy improves in spring AP BBook Oil rebounds to near $107 on Kuwait export halt AP Job Openings Rise to Highest Point Since Sept.'08 AP Retail Sales in U.S. Rose in March for Ninth Straight Month BL Shifting Gears Tackling Challeges on the Road to Fiscal Adjustment IMF (154pgs) Big banks are government-backed: Fed's Hoenig Reuters “You're a public utility, for crying out loud” The Fed Rescue Program Too Bizarre to Be True Lewis Understanding the Fed EW Kansas City, Dallas Feds Want Discount Rate to Rise WSJ Inflation Actually Near 10% Using Older Measure CNBC PIIGS ahoy! Bear’s Lair The Economic Calculus of Japan’s Tragedy Das Saut Sees a Short Term Correction NBR Where have all the bears gone? Hulbert Bullish Sentiment Stampede Mish Wieseman - Paul - Russell - Panzner - Smith - PragCap No bloom for spring real estate MW Why Rep. Paul Ryan’s budget plan is so flawed WP The radical right and the US state Wolf (Complete via Google) U.S. Argues Over Peanuts to Tame Elderly Kotlikoff State Takeover Looms If Detroit Can't Pass Huge Budget Cuts HP
The Real Housewives of Wall Street Taibbi Why is the Federal Reserve forking over $220 million in bailout money to the wives of two Morgan Stanley bigwigs? JPMorgan Profit Up 67% on Lower Credit Costs, Tops Estimate BL Alcoa Sinking in Tandem With S&P 500 Signals Slump, Bespoke Says BL Kleintop: S&P could erase 2011 gains, retest 1,250 Breakout Video Buffett's man knew about takeover deal Times Sokol was told by Citi on December 17 that Lubrizol was willing to discuss Berkshire Hathaway's interest in buying his company with his own board. Central banks turn net gold buyers, cut euro zone debt: survey Reuters Gold Prices to Rise as Demand Persists: Survey CNBC How much longer can silver shine? G&M How Far Down for Oil and Gold? BeSpoke Singapore's SMX launching copper, gold, silver trade Reuters Nigerian elections may spur next oil supply shock MW Rare-earth prices to continue rising China Daily
Australia Housing Cracks Emerge BL London keen on offshore yuan market Shanghai Daily Zapatero rules out new moves to reduce Spain's deficit AFP Research Iceland: Recovery in uncertain times Danske China Banks Said to Need $131 Billion of Equity Over Six Years BL Dark Pools Trade in Asia Hit Record in First Quarter CNBC
Japan admits delaying nuclear crisis upgrade Telegraph "Our concern is that it could eventually exceed Chernobyl." Japan Cuts Its Economic Assessment as Damage Mounts BL China's Nuclear Freeze Could Last Until 2012 FT As the world’s largest user of energy, China’s actions will be key to shaping the global future of nuclear energy. Taiwan Halts Plans to Build Atomic Reactors After Japan Crisis BL German Nuclear Companies Stop Eco-Fund Contributions Spiegel
Crude drops more than 3% MW U.S. Deficit to Rise to Largest Among Major Economies, IMF Says BL U.S. Trade Deficit Narrowed in February as Imports Decrease BL Rising Railroad Shipments Show U.S. Expansion Gaining Pace BL Small-Business Optimism Declines WSJ Consumers: High gas prices to curb spending MW IEA warns on high oil prices Reuters IMF hikes oil price forecast by 20% Tighten your seatbelts: 2011 could be worse than 2010 Makin (Complete via Google) The Bear of Bretton Woods Eichengreen What will ultimately replace today’s dollar-centric international monetary and financial system is a tripolar system organized around the dollar, the euro, and the Chinese renminbi. One Man’s Fiscal Austerity is Another’s Prosperity? Kasriel Defaulting on Debt Is Not the End of the World Baker The Return of the Carry Trade?! Saut History bodes ill for stock market Hulbert Equity Valuations Forming Second Biggest Bubble in US History Kaspar American Ghost Towns of the 21st Century 24/7 Faux job numbers could lead to real trouble Crudele IMM positioning: JPY shorts suggest USD/JPY could lose momentum Danske Economic Indicators Review NB Financial April Monitor Reforming Banks Pettis Rubino - Bonner - FMaximus - Burroughs - Baker - Paulson - Trump Pimco Goes Short... PragCap Economy Faces Tests.... HP U.S. Treasuries 'Ponzi scheme': ex-PBOC official MW WH: Obama regrets vote against raising debt limit AP Global imbalances and the paradox of thrift VOX
Banks 1, nation states nil Saft Bankers Get Off Scot-Free in Industry Overhaul Lynn Breaking up Wall St banks 'almost impossible' Telegraph Bank risk culture, pay not curbed enough: survey Reuters Regulating the Shadow Banking System Ineteconomics Goldman Sachs Accused by Marvell Founders of Margin Fraud BL Pass the Boone Pickens Bill Nocera Hedge Fund Investment: What Is Promised Vs. What Is Provided FIN When Will the Gold Bull Market End? Saville Is Gold Overvalued? Stovall Video (S&P) China Pork Binge Driving Iowa-Sized Soy Imports on Shortage BL Goldman Causes Selloff In Commodities: Closes Top 5 Trade Of 2011 ZH CW CEOs hold on to perks AP From behind bars, Madoff spins his story FT
Japan ups nuke crisis severity to match Chernobyl AP Hong Kong banks slapped with credit warning MW “It is clear that the same rapid pace of credit growth is unsustainable” Why Europe’s debt crisis isn’t over MW Forget Greece. Ireland. Portugal. Those are tiddlers. Spain is the fourth biggest in the eurozone. Its government debts exceed all those of Greece, Ireland and Portugal put together. This housing bubble could break our banks Business Spectator (Keen) PDF File Bank of Israel considered taking steps to reduce mortgage-market risks JPost Emerging Markets have little choice but to adjust to “excess” global liquidity DB Research 'Government Must Learn from Mistakes in Commerzbank Bailout' Spiegel Canadian Money Floods U.S. on Widest S&P 500 Discount Sice 02 BL
Stocks weaken as IMF lowers estimate for US growth AP Silver Options Trader Bets $1 Million on Price Drop by July BL Yellen Argues that "Accommodative Policy is Still Appropriate" NTrust Commodities Rally Slows on Possible Libya Peace Plan Reuters Signs point to a severe housing correction in Canada G&M Charles Plosser and the 50% Contraction in the Fed's Balance Sheet Hussman Three Profit Metrics to Avoid Earnings- Season Myopia Hester Exclusive: Bill Gross Is Now Short US Debt Zero Hedge The nation's $75 trillion problem Fleck There are several creative ways to default on our national debt, and we are working toward all of them. Government Shutdown Dance Was Just a Warmup BL Kaufman Says Debt Limit Will Be Extended - Obama Girds for Struggle Pumped Up? Surowiecki Government Agents Price Bernanke, Trichet Expose Their Respective DNA Baum Inflation targeting simply has not worked King Stiglitz Calls for New Global Reserve Currency to Prevent Trade Imbalances BL The Fed's Most Dangerous Game: Checkmate Smith Ben Bernanke versus Milton Friedman Hummel The Federal Reserve’s Emergence as the U.S. Economy’s Central Planner Chapman - MyBudget - Durden - Dr. HB - Keen - Mish - BE Bears, bugs still respect the bull Brimelow As worry list grows, G20 gets wonky Reuters The Bubble to Rule All Bubbles Fool Global imbalances and the paradox of thrift VOX
Five Stocks Top the Rest in Elite 30-30 Club Dorfman NYSE snubs Nasdaq, sticks with Deutsche Boerse deal Reuters JPMorgan Accused of Breaking Its Duty to Clients NYT Boomers see retirement slip further away DetFP How to Get a Real Education WSJ Gas prices approaching all-time high CNN Drivers Starting to Cut Back
Iceland again rejects debt deal Reuters “I know this will probably hurt us internationally, but it is worth taking a stance” President Grimsson: “The people have now spoken clearly on this matter on two occasions. The leaders of other states and international institutions will have to respect this expression of the national will.” UK to sue Iceland for £2.2bn Icesave debts ThisisMoney Germany Warns on Greek Debt, Defying Efforts to Snuff Out Crisis BL Portugal prepares to meet EU and IMF to negotiate bail-out - Spain Different? Sadly Not Bootle: “Much more is brewing” Gordon Brown: I made a big mistake on banks Telegraph Monetary Policy Tools Fooling No One in China Xie Float the yuan, lest inflation sink China Caixan Commentary: Beijing should ease yuan controls, stop buying Treasurys China Inflation ‘Somewhat Out of Control,’ George Soros Says BL Li’s Lure May Mean $1.7 Billion Yuan Property Trust IPO BL The first Chinese currency-denominated initial public offering outside the mainland. Property Bubble Hits the Grave in China Jakarta Globe Insider Trading in China Thrives With Selective Data Disclosure BL Numbers circulated before the publication of economic indicators are right so often that it raises the prospect of selective disclosure or insider trading... Economists React: China’s Trade Deficit WSJ Apartment rental costs in Dubai fall another 8-10% Gulf News Indian Politicians Woo Voters With Giveaways of Cows, Gold, Cable WSJ
Japan set to extend nuclear evacuation zone Reuters End to Japan nuke crisis is years, a fortune away AP The study, done with three other companies, projects that it would take about 10 years to remove the fuel rods and the reactors and contain other radioactivity at the site Safes, cash wash up on Japan shores after tsunami AP Japan: An aging society not prepared for retirement SacBee The Man Who Predicted the Tsunami WSJ
Market to focus on earnings in coming week Party isn’t over for upside earnings surprises G&M Might the market finally be in for a dose of earnings disappointment? Lawmakers Reach Deal to Cut $38.5 Billion, Avert Shutdown BL Shutdown battle only the start of US budget war Reuters Debt ceiling: Battle heats up Banks in Ill., Nev. fail; makes 28 closed in 2011 AP FDIC Diverging Monetary Policies, Again Noland Harding The Curve in the Road Mauldin Bonds Approach Critical Long-Term Support Swenlin Monetary Policy, Deficit Reduction, and the Ryan Plan Stelzer Presentation - global growth: Short term headwinds on the rise Danske Global Growth Story Remains Intact Puplava Remember the Past, Remember the Wolf Wakefield U.S. Housing: When Will the Recovery Begin? BMO Britain's deficit-cutting plans called 'oxymoronic' by Larry Summers Telegraph Toxic Dollar: Why Nobody Seems to Want US Currency CNBC Addressing The Notion Of 'Different' Gold Standards Forbes Kudlow Gold is a "no brainer"—Alan Newman FSNewshour (Audio) Hello World Armstrong
New York Subpoenas 2 Foreclosure-Related Firms NYT (Morgenson) Inflation Hits Main Street: Small Businesses Raise Prices CNBC A special report on pensions - Pick a number, any number Economist In a Survey of Bosses, Good News for Job Seekers NYT (Norris) Toyota to suspend North American output for five days DetNews JPMorgan Paid $421,458 for CEO Dimon’s Sale of Chicago Mansion BL Goldman Sachs chief Blankfein was 'stunned' by SEC lawsuit... Telegraph NYSE gets a facelift, its future unknown AP Global oil market oversupplied - Iran OPEC governor Reuters Gold Is Still Cheap Despite Record Surge: Marc Faber CNBC Gold Technicals ZEAL
China Reports First Quarterly Trade Deficit in Seven Years BL Europe’s $2 Trillion of Distressed Debt Set to Outstrip U.S. BL The Politics of Globalization YALE China under pressure over Saudi rise ATimes Who Got Swindled at Citibank Indonesia? Asia Sentinel Region on Edge as China Readies to Launch Aircraft Carrier Chosun China expands ban on Japanese food imports Xinhua Gaza-Israel violence rages on as 4 militants killed Reuters
Weekly Focus: Monetary tigtening dominates, but debt concern lingers Danske Global Views Scotia Global Equity BMO
Oil Climbs Above $112 on Libyan Armed Revolt, Dollar Weakness BL Gold closes at another record; silver tops $40 MW Gold: 'This is the perfect storm' CNN Obama Demands Budget Deal to Avert Government Shutdown BL Why 2011 Is Like 2000 and 2007 Comstock Markets Weigh Two Federal Shutdowns, Bad and Awful - The price of a shutdown Dickering on Budget Goes Down to the Wire WSJ Shutdown Would Have Wide Ripples NYT Time running out for US budget deal FT Crony capitalism strikes again Stockman Someone has to stop the Federal Reserve before it crushes what remains of America’s Main Street economy. Europe's Rate Rise Signals End of Cheap Money Era WSJ La Monica - WSJ The ugly math of Medicare CNN In just the next decade, the CBO estimates, enrollment in Medicare will grow by a third and spending per enrollee will jump by 50% Budget cuts to test banks’ mettle Saft Waiting for the great rebalancing FT (Wolf) Investors tend to chase the latest fad Economist EMs Make a Huge Comeback BeSpoke Liu - Keen - Mish - Panzner - HP - Middleton US Small/Midcaps: Stocks show signs of topping out Reuters Lacker: Big Firms Should Be Allowed To Fail Reuters Our Debt Binge Is Ending — And The Middle Class Will Get Clobbered TTicker
GE to build nation's largest solar power plant AP Foreclosure nightmares won't end Fortune Royal Bank of Canada considers sale of U.S. retail banks G&M Feds launch probes into Hercules Offshore AP US moves for force HSBC to name secret account holders in India WSJ Don't hold your breath for oil prices to drop Barr Algorithms, Not Demand, Driving Oil Prices Sky High? CNBC Goldman Rides ‘Big Short,’ Squeezes Rivals in Cohan’s History BL -- Money and Power: How Goldman Sachs Came to Rule the World Amazon Madoff Seeks to Spread Blame for Fraud FT “There were senior people at the bank who knew what was going on” Top lawyer and trader 'would have made Gordon Gekko proud' Telegraph Gold hits fresh record, silver tops $40 an ounce MW Embry - I’m Amazed Hedge Funds are Short Mining Shares! King World "Are Central Bankers Loading Up On Gold?" via ZH Gold: 40 years of turmoil - Where Is America's Gold?: The Mystery of Ft. Knox Bear market for natural gas MW
Tough stance makes Spain different Telegraph European Debt Crisis Morphs Into New Phase El-Erian While Portugal is the third euro-zone country to go down this road in less than a year, the next phase will likely play out differently Why China may be in a secular bear market G&M Art of Economic Crime Inflames China's Wounds Pesek By pushing too hard, Chinese authorities might create so much popular resentment that they provoke the very uprising they’re trying to prevent. The life of a day trader at the Karachi Stock Exchange Express Tribune
Japan Hit by 7.1 Quake; Workers Evacuated From Fukushima BL Japan's Stricken Reactors Show No Damage from Latest Quake BL Japan Aims to Rebuild Without New Debt WSJ (Complete via Google) “It's hard to predict the outcome. The figure could become ¥5 trillion or ¥6 trillion”
ECB Takes Away Punch Bowl Merk U.S. Consumer Credit Rises More Than Forecast on Student Loans BL Wells Fargo Cuts 1,900 Mortgage Jobs as Home Lending Slows BL Crude at $175? Oil traders stress test the future FT Initial Jobless Claims in U.S. Fell 10,000 Last Week to 382,000 BL Bears Give Up: Biggest Switch in Sentiment in 7 Years CNBC Japan struck by single 7.1-magnitude earthquake CNBC U.S. Stocks, Yen Up on Tokyo Quake BL A big change of heart Hulbert 'Secular Bear' Market Has Years Left to Go: Advisor CNBC Russell now says long-term bull market alive and well Don’t buy stocks and don’t buy bonds MW Two legendary investors have conflicting points of view History will rue US and Europe debt woes Rogoff Unusually low interest rates currently keep the carrying costs of these debts modest, and make it seem as if the day of reckoning is far off. Sadly, debt can be worked off only slowly, while rates can rise suddenly. Is the global economy in danger of overheating? Oxford Economics Federal Budget - Rerun of 1994-95 Episode or More? NTrust Train wreck Morici The economic consequences of a government shutdown in the United States can't be calibrated on a spreadsheet with an economic model. I How I Learned to Love the Government Shutdown Baum NBR: “Neither side is completely sure who will get blamed if they shut down the government” A look at the impact of a government shutdown AP Fed Would Stay Open Amid Government Shutdown WSJ The Devolution of the Consumer Economy Smith MyBudget - Panzner - Rortybomb - O’Rourke Europe’s Subprime Quagmire Project Syndicate Has finance gone too far? VOX Over the last three decades the US financial sector has grown six times faster than nominal GDP...there comes a point when the financial sector has a negative effect on growth
Samsung's estimates reflect slow recovery WSJ Malls Face Surge in Vacancies WSJ Fallout From Boom and Downturn, Change in Habits, Hit Local Shopping Areas Feds: Insider Scheme Spanned 17 Years WSJ JPMorgan CEO: Rich Should Pay 'Lion's Share' Of Taxes HP Why you should buy gold and silver now Aden Oil Prices 'Doing Significant Damage' To U.S. Economy HP Producers prepare for oil sands battle G&M Marine areas off-limits for nuke power stations China Daily UN agency says global food prices fall AP FOA Farmers look to earn their corn with new storage bins FT “Farmers have built more on-farm grain storage in the last three to four years than they’ve built in the previous 30.”
Portugal seeks 80bn bailout as third nation falls Inde Fears grow that contagion could threaten Spanish economy too. Telegraph: Portugal's request for help came as the European Central Bank prepares to start raising interest rates. Research - ECB: How fast and for how long will the ECB hike rates? Danske Europe's Not Back to Normal, So Why Is the ECB Hiking Rates? PIMCO Moody's May Take Axe to UK Bank Ratings Reuters China Bubble: Empty Mega Mall and Million Dollar Pooch YALE The inevitable slowdown will affect all – from commodity producers to governments issuing debt Faster gain likely as yuan hits fresh high Shanghi Daily Yam urges Beijing grip on currency Standard China to ban foreign investment in villas China Daily Luxury property prices surge Safe Haven Dubai Gains as Middle East Turmoil Disrupts Lives BL A hard look at Japan's debt problem Curious Capitalist
Portugal Seeks EU Bailout, Joining Greece, Ireland BL Oil settles higher, topped $109 a barrel on Nymex AP Gold hits another record as silver nears $40 an ounce G&M Business Cycle Monitor: Leading indicators heading lower Danske U.S. Fiscal Crisis in Spitting Distance Kotlikoff Fed’s Biggest Foreign-Bank Bailout Saved U.S. Muni Bonds BL Bernanke an Inflation Pollyanna? Bill Gross Thinks So CNBC Bernanke May Have to Overcome Fed Split on Maintaining Stimulus Past June BL Fed Crisis Legacy Made It the People's Bank Winkler At stake is the individual’s right to know how the public as involuntary investors provided loans to banks and in what amounts Has the Fed Eased Too Much? Makin Fed Watch: More Hawkish Rhetoric Duy Does a Weak Dollar Cause Inflation? Merk Wages not keeping up with inflation - Wages Fared Better in Recession Than Recovery Greenspan Panders for More Money Sheehan Minack - Jubak - Mish 2 - Smith - Hirschhorn Stopping hot money is a dangerous soft option Hutchinson Reuters Analysis of the Congressional Budget Divide NBR SEC Introduces Plan to Rein in US Stock Market Volatility Reuters Could 2011 Be Worse Than 2008? Don't Rule It Out CNBC
Buffett policy forbade Sokol investment WSJ Mr. Buffett assumed Mr Sokol had the ownership stake for some time... Buffett 'Snow Job' Has Conned the Media: Steinhardt CNBC Munger Says He Told Buffett of BYD Stake, Stayed Out of Talks BL Cisco CEO Chambers: 'We Have Lost Accountability' Reuters The Art of Bubbles: How Sotheby's Predicts the World Economy Atlantic Wall Street is dealing again MW Are record-setting auction prices a leading indicator of economic collapse? Gold vaults to record-highs, silver hits 31-year peak Reuters Analysts Backing Gold All the Way to $1,500 CNBC Solar Costs May Already Rival Coal, Spurring Installation BL Easy money will keep pressure on commodities Kemp
Euro zone states consider Greek restructuring: report Reuters On Portugal: “They should be able to kick the can a little bit further down the road...”
U.K. Manufacturing Production Unexpectedly Stalls, Casts Doubt on Rebound BL The Spectre of Inflation in Asia Asia Sentinel It isn't just China and India – most of Southeast Asia will be hit China's growth to slow to 9.6% in 2011: ADB Xinhua Cross-border renminbi trade increases Xinhua China comes of age for luxury brands Standard How Oil and Food Prices Impact Asia, and Other Economic Tidbits WSJ
TEPCO starts dumping radioactive water into ocean Asahi Amid nuclear crisis, Japan’s Tepco planned new reactors WP The idea of building two new reactors at a facility that is still leaking radiation into the air and sea “is of course totally unacceptable” Special Report: Japan power crunch could get worse in summer Reuters
Gold Settles at Record High Above $1,452 Reuters Fed Officials Divided Over Tighter Policy in 2011, Minutes Show BL FED House Republicans Unveil Budget With $6 Trillion Cuts BL Geithner Sees ‘Severe Hardships’ If Debt Limit Isn’t Raised BL Confessions of an Investor Absolute Return Letter Aggregate supply: where is U.S. economy’s speed limit headed? NB Financial When Doves Cry: Debates Rage About QE2's Finale Sonders Take This Jobs And Shove It JimQ Shad Rowe?! Saut A deficit of courage Morici Super-Rich CEOs are killing your retirement Farrell The Unproductive Years Hutchinson When multifactor productivity is considered, it becomes clear that the U.S. economic engine has become seriously distorted. Of the 1%, by the 1%, for the 1% Stiglitz Market Valuation: The Message from the Q Ratio DShort MyBudget - Pesek The Fed Undermines Foreign Policy Paul Bernanke: Fed to improve financial oversight AP Speech Dollar Strengthens Versus Euro on Bernanke Inflation Preparedness Comments BL US: What to make of recent Fed speak Danske Fed Not to Blame for Rising Commodity Prices, Paper Argues WSJ Fed should focus on inflation, not jobs Fortune Fed Lending Increases Ultimate Cost of Bank Failures Mish Sam Eisenstadt is nearly as upbeat as six months ago Hulbert Government Shutdown Looming? Wells Fargo Obama administration moving forward with government shutdown plans WP US Republican budget plan would cut $5.8 trln in 10 yrs Reuters
Feds seek $7M in privately made 'Liberty Dollars' AP “Attempts to undermine the legitimate currency of this country are simply a unique form of domestic terrorism” How to Avoid the Pitfalls of a New Tech Bubble Lynn A Word to Wall Street: 'Plain English,' Please Levitt Nuns challenge Goldman Sachs over pay Guardian McDonald's Plans To Hire 50,000 Workers -- In A Single Day Reuters Sprott - Gold to go Over $2,000 Because of Money Printing King World Are Silver Prices at 31-Year Highs Justified? Reuters Corn prices at highest level since summer '08 AP What Japan's disaster tells us about peak oil OurWorld 2.0 China aims for mining’s big league with Equinox bid G&M
Moody's cuts Portugal, says bailout needed urgently AFP Portugal Banks Threaten to Shun Bonds: Report Reuters China Raises Interest Rates to Counter Inflation Pressure BL Households to sink under a sea of debt Warner King Soothes BOE Staff With Canteen Cost Pledge After Pay Freeze BL Debt, Dictatorship, and Democratization Project-Syndicate
Gov't wants more from BOJ to support economy after quake AP Second Update to Post-Quake Economic Outlook Morgan Stanley Floating Houses Pose Bigger Test for Ships Than Japan Radiation BW Portable generators sell out after quake BL
Monday April 4, 2011 Geithner Says U.S. To Reach Debt Limit No Later Than May 16 BL March Madness: U.S. Gov't Spent More Than Eight Times Its Monthly Revenue CNS U.S. Job Rebound Misses Those Looking Longest BL Biggest Profit Gain Since 1900 Sustains S&P 500 After Rally BL Crunching Japan's Numbers: Final Bill Above $300 Billion CNBC Japan Warns Radiation Leaks Could Last Months CNBC Will the Real Phillips Curve Please Stand Up? Hussman The Biggest Urban Legend In Finance Research Affiliates More Keynesian than Keynes was - and more wrong than right this time King What have Britian's liberal press, Paul Krugman and George Osborne got in common? Fed's Low Interest Rates Crack Retirees' Nest Eggs WSJ Don't Wait for a Paycheck to Signal Inflation Baum The Fed Is on 'Different Monetary Planet': Economist CNBC The US recovery is just an economic 'sugar rush' Telegraph The Grand Failure of Conventional Economics Smith Duy - EB - Krugman - Mish - CW In Praise of Distraction Surowiecki Samuelson What is the size of the fiscal multiplier? An estimate you canâ€t refuse VOX How a big US bank laundered billions from Mexico's murderous drug gangs Observer Four Pounded Stocks for Savvy Investors to Buy Dorfman Wall Street Trading Revenue Seen Falling 4th Straight Quarter BL Foreign currency trading is easy - an easy way to lose money LAT More and more Americans are dabbling in currency trading and losing in spectacular fashion Ban the Benjamins! CBS The hundred-dollar-bill may be America's most successful export. And guess what? Foreigners have fishy reasons for holding onto their Benjamins, too! Sheen Ticket Prices 'Torpedoed' After Motor City Show CNBC Ron Paul to Probe U.S. Mint Coin Shortage Kitco Buy silver to hedge against global turmoil MW In Gold They Trust Ineteconomics The illusion of black swan-proofing Crude rises to highest level in over two years AFP Saudi Arabia Looks to Solar, Nuclear Power to Reduce Its Oil Use by Half BL China may double solar power capacity goal China Daily Stepping on the Gas WSJ With the nuclear industry in crisis and oil prices on the rise, could the solution to our energy problems be in the ground at home? Miners Bet on Falling Copper Prices FT Japanâ€s Tankan Signals Concern Confidence Will Keep Sliding BL Last chapter in Japanâ€s deflation saga? Edward Chancellor Murder on the EU Express Ferguson With the monetary union coming apart, the finger-pointing has begun. Who really killed Europe? Industry pleads with Bank of England not to raise rates this week Inde Yen for a new global currency Japan Times The problem is that although nearly everyone grumbles about the dominance of the dollar, the greenback fulfills all the leading attributes of an international reserve currency Beijing's housing deals dive Shanghai Times Irish property going for a song Guardian 2 Senior N.Korean Apparatchiks Executed Chosun
Tokyo Electric Sawdust Solution Fails to Stop Radiation Leak BL Japanese nuclear plant continues its radioactive spill into ocean LAT China to Cut Nuclear Goal After Japan Reactor Crisis BL “We can see delays in some projects, but in the longer term, I donâ€t see how they can change the program they have in place without facing drastic power shortages†Shelves still empty in disaster areas Yomiuri
Weekend Edition (April 2-3, 2011) U.S. Service Industries Probably Grew at Close to Fastest Pace Since 2005 BL Going Nowhere In A Hurry? Contrary Investor The Plight of the Working Class Mauldin Austerity? Not when we have bailouts Fleck Will government shutdown be averted? CNN Q1 & QE2 Noland Quantitative Tightening (QT) is already in full swing - in the EM world MStanley Harding We've Become a Nation of Takers, Not Makers WSJ More Americans work for the government than in manufacturing, farming, fishing, forestry, mining and utilities combined. The Bank Run We Knew So Little About NYT (Morgenson) A Cure for Fiscal Failure? Rogoff Freedom Fighters: The Facebook Revolution HindeSight Selling America: The view from a bear's chair Fortune Global Markets Enhance Perspective Swenlin Dividends are back, but not all the way back AP Spending Your Stash Schiff MyBudget - El-Erian Ron Paul Plans Hearings on Fed Foreign Loans Reuters Ron Paul's $3M pot of gold Politico If Home Prices Counted in Inflation NYT (Norris) Americans Just Took a Pay Cut As Inflation Outpaces Wages CNBC Government debt-managers may be undermining quantitative easing Economist $10 billion in budget cuts down, $23 billion to go CNN State budget crises push sentencing reforms AP Mixed Signals Marked Sokol Meeting WSJ “If Citigroup's bankers put together this list of takeover candidates because he's from Berkshire Hathaway, then in my view Sokol was so out of line it's not even funny†Excuses, Excuses, Excuses NYT (Nocera) Whenever the worldâ€s greatest investor gets in a tight squeeze, he straps on his angel wings, readjusts his halo, and leans on his reputation... Berkshire's Credit Rating May Be Hurt by Sokol: Moody's Reuters Top Lubrizol managers to cash in on company's sale AP (Mar 28) A Flaw in New Rules for Mortgages NYT (Norris) Amid global tumult, U.S. 'value' stocks seen safe Reuters WaMu suit may be tough to prove Seattle Times Goldman CEO 2010 pay package rises to $14.1M AP American Apparel bankruptcy alert BBC Junior Gold Stocks 6 ZEAL Boiling Point: Gold At A Crossroads Index Universe Faber: Gold is very cheap BI U.S. Consumers Have Big Banks To Blame For High Gasoline Prices EconMatters Nuclear waste: America's biggest security threat CNN Uranium stocks seen playing catch-up to spot price G&M Egyptian Stocks Advance After 22% Plunge, Led by Developer Six of October bBL Europe rescue fund says ready to help Portugal - report Reuters Portugal and Ireland fail to restore confidence  Inde Rapid growth in cross-border yuan trade Xinhua Brazil to tolerate strong currency for now Reuters Canadian dollar climbs to three-year high Reuters Uncompetitive, dishonest: MPs' verdict on UK banks Inde BOJ poll shows consumers feeling price hikes in March AP Stalemate in Libya increasingly viewed as a likely outcome WP
Global Views Scotia Weekly Focus Danske Global Equity BMO S&P 500 Posts Longest Winning Streak Since February on Faster Jobs Growth BL
Friday April 1, 2011 Dow Jones hits 33-month high on jobs Dow Jones Manufacturing in U.S. Expands at Close to Seven-Year High BL U.S. Payrolls Grew 216,000 in March; Unemployment at 8.8% BL KKR, Carlyle Lead Best Quarterly Start for Buyout-Backed IPOs BL Nasdaq, ICE Top Deutsche Boerse With $11.3 Billion NYSE Bid BL Debt Problem Grave, But Solution Elusive Comstock Marc Faber: Still a Bear, and He Has His Reasons CNBC Traders Worry That April 27 Could Derail the Bull Market CNBC Should you sell in April and go away? Hulbert April is the No. 1 month for the Dow Foreign Banks Tapped Fedâ€s Secret Lifeline Most at Crisis Peak BL The disclosures may stoke a reexamination of the risks posed to U.S. taxpayers by the central bankâ€s role in global financial markets. HP: At a time when credit markets shunned even the most worthy borrowers, foreign banks, including one partly-owned by Muammar Gaddafi's Libya, fled to the Federal Reserve and borrowed at rock-bottom interest rates To Lower The Debt Ceiling, Fix The Monetary System Forbes The Quiet Coup Atlantic If the IMFâ€s staff could speak freely about the U.S., it would tell us what it tells all countries in this situation: recovery will fail unless we break the financial oligarchy that is blocking essential reform. How Much is Too Much Public Debt? II Currency Moves Highlight Global Divide WSJ South Korea and Malaysia were believed to have intervened to slow the rise of their currencies Thursday... Nations discuss monetary reform China Daily Pay, Profit, and Growth, Part 9 - Low wages take their toll Lui Housing Policies Backfire: Minority Ownership Dives Investors Heading for a double dip Reich Nobody in Washington or Wall Street wants to admit it, but the economy is leaning toward another plunge How Japan's Earthquake Will Shake the World Xie Keen - Mish - Dr. HB - La Monica - DeLong - Warner Can the Fed Be Effective, Innovative -- and Independent? Wharton Fiscal policy and growth in light of the crisis VOX Buffett Misses Chance to Show Moral Courage Schroeder Buffett's Heir Apparent Confused Personal Interest With Business Loyalty Lenzner On Wall St., what Sokol did is against the law Crudele Subprime Bonds Are Back WSJ The demand is so strong for these securities that even the Fed is taking advantage... Home Brings $100 Million WSJ Undercover Audio Reveals Rajaratnam's Frantic Calls After Goldman-Buffett Tip CNBC Stop The Madness: Make The Dollar As Good As Gold Forbes Oil futures break through $107 a barrel MW Saudi Governmentâ€s Break-Even Oil Price Rises $20 In A Year WSJ Top 10 'buy'-rated U.S. stocks under $5 TheStreet Why investors overpay for certain assets Economist Euro debt and the high cost of justice Saft Bank Risk Breaking Back of Irish Government: Roubini CNBC Ireland: a dead cert for default Elliott Saddling the Irish public with even more unpayable debts from the banks is grotesquely unfair and economically stupid Irish bank problems push state closer to edge Inde Bilouts an ominous sign Research Euroland: Fact Book Ireland Danske Portugal Sets Election to Stem Crisis as Bond Repayments Loom BL Increase in eurozone interest rates would be 'disaster' for Spain Guardian China's March PMI of manufacturing sector rises Xinhua Chinese finance: A shadowy presence FT EM Stocks Are Not Attractively Valued BCA Research Elections and the Loonie BMO
Japan: Economic Aftershocks BW Can there really be so little global impact from Japan's disaster? Why the bullish forecasters could be wrong‘ Lehman Shock†Is Kid Stuff Next to Fukushima Pesek Japan Yosano: won't allow BOJ to underwrite govt bonds Reuters “Such a thing is unthinkable and I will absolutely not allow it to happen†Japan utility ordered to review radiation figures AP Gigantic concrete pumps will be airlifted from US to Japan AP Exclusive: WANTED: U.S. workers for crippled Japan nuke plant Reuters Wall Street Banks Tap Physicists to Ease Tokyo Radiation Fear BL
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