Thursday August 14, 2008
Sales of Existing U.S. Homes Decline to 10-Year Low; Median Price Tumbles   BL  NAR
There’s a deafening quiet from the Federal Reserve Crudele
U.S. Consumer Prices Rise Twice as Much as Estimated   BL  JClaims
Big funds embrace dollar as crisis mutates into slump Ambrose Evans-Pritchard
Around the world, pessimism about the economy IHT
Business Conditions: Summer Slump Continues Morgan Stanley
Signs of Weakness in Q3 Consumer Spending Already Visible NTrust
If Banks Aren’t Lying, a Consumer Squeeze Is Likely Norris
Greenspan Sees Bottom In Housing, Criticizes Bailout WSJ
Greenspan’s Meaningless Statistics Click Broker
Why the buck stops here Fortune (Barr)
US foreclosure filings surge 55 percent AP
Estimate: 1,300 foreclosures every business day in California LA Times
S&P: Credit crisis halfway over "at best"; Alt-A next Reuters
Institutions fear repeat of Bear Stearns collapse Financial News
Agency Mortgage Bond Yield Spreads Widen as Loan Losses Expand BL
Credit-Crunch Villains Should Own Up, Do Penance Gilbert
Lessons from the Credit Crunch Lachman
25% of home sales soak the seller CNN
Housing Rebound in Cleveland Signals More Bad News Nationwide Through 2009 BL
Wal-Mart reports surge in earnings, sales   CNN
Oppenheimer sees uncertain future for industrial companies MW
Fed, SEC vie for post-Bear investment bank oversight Reuters
J.P. Morgan and the disappearing profit   MW
Merrill May Cut Dividend for First Time in 37 Years, Options Trading Shows BL
Merrill Lynch warns over swing to bank stocks Times Online
SEC short selling rule made little impact: studies Reuters
Apollo's numbers reveal private equity's fall Fortune
ExxonMobil CEO Defends High Profits ABC
Moody's lowers General Motors credit rating DeyN
Cameco faces more flooding at Cigar Lake CP
The difference between good and bad debt Financial Post
Adens still commodious toward commodities Brimelow
Cheap, cheap, cheap Russell
Aussie Dollar Tracking Commodity Markets, Interest Rates Dorsch
Commodity Shipping Lines Reel as Baltic Index Tumbles BL
The
BDI, the benchmark for shipping costs, fell for 23 consecutive sessions through Aug. 12
German economy, Europe's largest, shrinks in 2nd quarter AP
Bank of England Head: Recession Looms in Britain NYSun
China's Industrial-Output Growth Slows After Factory Closures for Olympics BL
Chinese retailer puts Hong Kong IPO on hold: newspaper AFP
Clouds over the Spanish economy Reuters
Hong Kong residential market weakens further Asian Investor
Georgia: A Blow to U.S. Energy Business Week
War Casts Cloud Over Pipeline Route Moscow Times

Wednesday August 13, 2008
Nickel, Wheat, Oil, Gold Spark Biggest CRB Commodity Index Gain Since June   BL
Foreclosure fallout: Houses go for a $1 DetNews
CEOs Gloomier Than Public on U.S. Economy Reuters
Credit Crisis `Far From Over,' Banks Must Merge, Merrill's Bernstein Says   BL
Retail Sales in U.S. Fall First Time in Five Months as Fuel Hurts Spending   BL  Census
Economic Report: U.S. import prices climb 1.7% in July MW BLS
Prices up 21.6% in past year, the most in history of index
It's Too Soon to Toast the End of Credit Crisis Baum
The Fed and Authoritarian Capitalism Reich
A Value Investor Looks At China InvestorsInsight
Looking behind myths and markets Harrison
The Case For and Against the Dollar Merk
Here comes the downsizing of finance Bear’s Lair
Is the Buck Back? Alpha.Sources
All Wet Panzner  MogamboBakerSmith
Another Installment of Pushing on a String Kellner
Merrill Lynch Fund Manager Survey Finds Inflation Fears Fall to Seven-Year Low MW
The survey captures an extraordinary reversal in investors' attitude towards inflation.
The Short View: Risks of deflation FT
The Credit Vise Tightens, So Why Are Stocks Popping? Barron’s
States, cities ready to move on housing aid CS Monitor
Fed's Lacker: Inflation Bigger Risk than Recession Reuters
Bernanke author defends the Fed chief MSNBC
--
Ben Bernanke's Fed: The Federal Reserve After Greenspan Amazon
Mechanism for Credit Is Still Stuck NYT
“It appears that every time we peel away this onion, there is another layer”
Credit Markets: Life After The Crunch EuroMoney
Banks remain exposed to risk after debt sales FT
Wachovia's commercial loans, not just mortgages, stir worries Dow Jones
Bank Failures Rise but Critics Say Not Fast Enough WP
Citi, UBS, Merrill Say `Oops' on Auction Freezeout Mysak
Subprime and Alt-A: The End of One Crisis and the Beginning of Another Calculated Risk
A bank built on a bubble Fortune
Aussie Bank to Bring America’s Biggest Bankers to Their Knees? Trumpet
Toll Bros. Predicts Another Big Drop in Revenue Reuters
Bank Stocks Drop Anew Amid Worry Over Falling Home Prices WSJ
NAR Housing Affordability Index is Worthless BIG Picture
Credit Crunch Hits Credit Cards CNBC
The outrage in your credit card's fine print CS Monitor
Gold climbs 1 pct as dollar retreat cheers market Reuters
Monsoon Weddings Soon. Will Gold be Invited? Nadler
Gold demand outlook dims FT
Gold now in bear market by definition as it tests $800 Mineweb
Stage two of the gold bull market is just beginning Ambrose Evans-Pritchard
Gold: Soon To Find A Floor BCA Research
Commodity Correction - Coming Into an Important Bottom? Barbera
Eyes Wide Shut - The Politics of Energy Puplava
Biggest drop in U.S. oil demand in 26 years Reuters
'We Live in an Era of High Energy Prices' Spiegel
Commodities Hit With a 'Reality Check' NY Sun
UBS chiefs knew of rule breaches FT
Trader who lost $9bn bounces back FT
Michael Price Shorts Wachovia, Citigroup, Says Few Banks Are Worth Buying BL
Hold off on jumping back into the financials game Globe & Mail
Analysts take swipe at Goldman Sachs CNN
Did It Help to Curb Short Sales? NYT (Norris)
Google sorry after crash hits millions Independent
For GM, what might have been Fortune
Response to WSJ Opinion Piece 'Why Carl Icahn Is Bad for Investors' Icahn Report
Pickens' hedge fund loses value Reuters  NYP
Hedge Fund Comic Gets One-Liner From Crowd: Don't Quit Day Job BL
Sports can lead investors into acting irrationally BL
Japan's Economy Shrank 2.4% in Second Quarter BL Japan beer shipments up 9.6%
Reaganomics Comes to Japan After Dying in U.S. Pesek
CPI drops to 6.3%, lowest since September China Daily
China's slowdown to continue Asia Times
Bank of England Cuts Growth Forecasts; Unemployment Rises Most in 16 Years BL
Inflation is highest for 16 years Times Online
Dashing hope that the Bank of England might soon cut interest rates
Darling scrambles to end mortgage drought Times Online
How Did Canada Get Into This Mess? Global Insight
Dubai Stocks Enter Bear Market; Emaar, Dubai Islamic Decline BL
JPMorgan enters Korean OTC derivatives market Finance Asia
Hong Kong Exchanges Posts 1st Profit Drop in 3 Years BL

Tuesday August 12, 2008
Russia orders end to fighting in Georgia Reuters
Ruble Soars Most in Seven Years; Russian Index Climbs as Offensive Halted   BL
Banks' Subprime Losses Exceed $500 Billion as UBS Writes Down $6 Billion   BL
Stimulus Checks, Bank Failures Drive Up Federal Deficit AP
June Trade Deficit Unexpectedly Shrinks to $56.8 Billion   AP  PDF File
U.S. Initial Claims for Unemployment Insurance by State, 2008 vs. 2001 Global Insight
'Good' depression may avert 'Great' one Farrell
FX Strategy - IMM positioning: Speculative net long USD positions increased Danske PDF
USD index up for 7 days in a row - this has now happened 24 times since 1970 Bespoke
“Painful Ups And Downs” Saut
“Is this the start of a new secular bull market? We doubt it because by our notes there have been 24 daily Dow Wows of 300+ points and NONE of them have been within the confines of a secular bull market.”
Be Warned: It's Still Just A Bear Rally CNBC
It's hard to lose betting on stocks as oil prices fall USAT
In oil bear markets since 1987 stocks have gone up 81% of the time
Fed rate moves most benefit ... government?   Kellner
Wall Street Mortgage Losses Cut Tax Bills to Zero, Reduce New York Revenue BL
JPMorgan struck by $1.5bn writedown FT
The warning will reinforce investors’ worries over the length and breadth of the financial crisis.
S&P Cuts Some Ratings On Fannie and Freddie WSJ  Bill Miller boosts Freddie stake
Moody's downgrades Morgan Stanley to 'A1'; outlook stable MW
UBS Reports $329 Million Loss, Wider Than Estimates, on Writedowns, Probe BL
Moody's downgrades UK RMBS as delinquencies rise Reuters
Wachovia boosts loss to $9.11 bln, cuts more jobs   Reuters
MBIA DESERVES to Go Belly Up BIG Picture
Global Financial Woes Pose Risk to Spain's Banks WSJ (Complete via Google jump)
Spanish July house prices fall 3.9 pct Reuters
One-Third of U.S. Homeowners Owe More Than Houses Are Worth, Zillow Says BL
Housing's Worst May Lie Ahead Fool
Clearly, housing will recover. But if large numbers of prime mortgages begin to rot, the process could take eons...
Prime mortgages get hit, dashing recovery prospects CNN
In California, foreclosure's next wave? CS Monitor
Thought Process of Many in Foreclosure MyBudget360
The Housing Crash Payoff: More Affordable Housing, More Disposable Income Smith Blog
Billions lost, house by house Sun-Times
SEC short-sale rule endingShort interest in major financial shares Reuters
Analyzing Wall Street’s Research NYTD
Chrysler pushes four-day workweek AP
Physics boffin who worked for LTCM sets up London hedge fund Independent
Value Losers Buffett, Miller Poised as Winners From Worst Slump Since 1980 BL
Seasoned Value Seeker - Talking With John Keeley Jr. Barron’s
Most companies in US avoid federal income taxes AP
Two-thirds of U.S. corporations paid no federal income taxes between 1998 and 2005...
SEC Shown Up Again–This Time by Cuomo WSJ Blog
St. Paul sues to recover investment money Star Tribune
President pardons Hyundai's boss   BBC
Global Trail of an Online Crime Ring NYT
Gold, Platinum, Silver Plunge to Lowest Since December on Dollar Rebound   BL
Some gold timers still haven't thrown in the towel, a bad sign   Hulbert
The US$ and the Gold Sector Saville
Many people will be asking the question: why is the US$ rallying when its fundamentals are so terrible?
IEA: Oil prices may not fall for long Guardian
Oil traders and short sellers reach crossroads MW
Sovereign Funds Become Big Speculators WP
Pools of Foreign Wealth Move Into Commodities
Rumors to reality: Commodities traders await key report Star Tribune USDA
China Inflation Cools for Third Month, Allowing Measures to Boost Economy BL
Japan’s wholesale inflation hits 27-year high MW
Japan machine tool orders slump at fastest pace in 6 years MW
Empty office space spurs industry alarm Asahi
Australian business conditions sharply lower: survey AFP
Evidence of Slow Down in Emerging Markets Coming to the Fore HAVER
Emerging Markets Watch - Back to Berra PIMCO
Mortgage drought brings house market to a halt Times Online
Economic Malaise Threatens To Undermine European Unity Washington Post
Australian, New Zealand Dollar Extend Slump on Lower Yield Premium to U.S. BL
The Land Down Under Is Going Under The Trumpet
Lackluster Stock Market Pinches Bottom Line at Brokerages   Chosun
Credit Cards Account for 57% of Spending   Korea Times
Prime Numbers: Rings of Gold Foreign Policy

Russian military pushes into Georgia CNN
'Russia risk' increases as tanks enter Georgia Ambrose Evans-Pritchard
Roots of Georgia-Russia clash run deep CS Monitor
Bush: “Such an action is unacceptable in the 21st century.” White House
US has few options in Russia-Georgia conflict Reuters
Russia's Power Play WP  Remember the Russian bear? Well, it's back NYT
Capital Flight Fears Lead Georgia to Halt Lending Moscow Times

Monday August 11, 2008
Federal Reserve finds deepening credit crisis AP
Cuomo Demands JPMorgan, Morgan Stanley Start Auction-Rate Settlement Talks   BL
Gold futures fall sharply as oil retreats and greenback booms MW
Oil Extends Slide on Signs of Demand Slowdown AP
GSCI Commodity Index Sinks Into a Bear Market as Crude Oil, Metals Slump BL
China Shares Hit 19-month Low on Economic Fears AP
Nervous Bunny Hussman
Very Modest Good News Faber
Slept Through Rice Age, Awoke to Commodity Bear Baum
Crybaby capitalists whine for more   Fleck
Economic Slump in U.S. to Worsen as Consumers Get `Squeezed' After Rebates BL
Consumer spending heading for a fall MW Relief for consumers: prices falling CSM
With the stimulus checks just a memory, U.S. consumer spending is set to decline in the third quarter for the first time in 17 years, economists say.
Will consumer spending drive the US economy into recession? Jackson
Lousy economy threatens states' sales tax holidays AP
Social Security: a controversial call to raise age of eligibility CS Monitor
Morici wins contest for third time in a year MW
"Things will happen in the next two years that will shock people”
The riddle of the impossible surpluses MW
Is the time right for snapping up bargains on Wall Street? JS Online
Stocks: A Wild Ride to Nowhere Business Week
Paulson: We have serious economic issues Meet The Press Video
“I'm going to do everything I can to step up to any problems...But again, I look forward to doing other things, you know, next year.” 
Transcript
Paulson Says No Plans to Add Cash to Fannie, Freddie BL
Greenspan's `Age of Froth' Is Over for Decade Wasik
Bond Vigilantes May Ambush Obama or McCain After Giving Bush a Free Ride BL
“This week will be crucial in determining whether the dollar has broken free from its six-year downward trend...” 
FT
Despite Rally, Dollar 'Is Not Out of the Woods' NYS  Dollar Rally Overdone? CNBC Video
FDIC Fund Strained by Bank Failures May Have to Raise Premiums BL
“It's going to be a bloody, expensive mess for the banking industry”
Credit unions hit by mortgage-market problems: report Reuters
Banks braced for more bond mis-selling action Times Online
Asset-Backed Bond Sales May Drop to Lowest in Decade, Deutsche Bank Says BL
A Darker Outlook at Fannie and Freddie NYT
Greenberg: Still 'A Way to Go' Until Housing Rebounds   CNBC
Poor Economy Contributing to Upper-Class Homelessness ABC
This credit crisis is like the plague and nobody is safe yet Bootle
Credit crunch has wiped £1m a minute from wealth   Independent
It took LTCM five weeks to go from hero to near zero Financial News
Undaunted gold bug Murphy looks east Brimelow
Crude Oil Rises on Concern Russia-Georgia Conflict May Threaten Supplies BL
Gas prices drop: 24 days and counting CNN
BP on alert after oil pipeline under fire Telegraph
Dollar surge may end commods supercycle Reuters
Researchers work to turn car's exhaust into power AP
Pickens' plan to break the stranglehold of foreign oil SF Chronicle
Flush With Energy NYT (Friedman)
Frankly, when you compare how America has responded to the 1973 oil shock and how Denmark has responded, we look pathetic.
Tech IPOs out of favor, may stay so for some time Reuters
“It's never been this rough to get tech companies to IPO”
Bringing Down Bear Began as $1.7 Million Options Pointing to Rigged Market BL
UBS's Wealthy Clients Withdraw Funds as Investment Bank's Losses Increase   BL
Bankrupt Retailers: Pushed to the Brink Business Week
Giant Retailers Look to Sun for Energy Savings NYT
SEC short-sale rule ending; market move debated   Reuters
Auction-Rate Bond Probe Costs May Rival Spitzer, Mutual Fund Settlements BL
Why are economic forecasters so wrong, so often? Slate
Long-awaited Buffett book due out in September AP
Russia Steps Up Georgia Bombing, Rejects Cease-Fire; EU Seeks Peace Talks   BL
Bonds Show Inflation Peaks as Commodity Rally Stalls BL
The mortgage famine 'may go on for years' ThisisMoney
More firms planning redundancies Guardian
Bank of England to lower UK growth forecasts   Independent
RBA to prune growth outlook Australian Australia's CB signals rate cut on horizon
China's July Trade Surplus Unexpectedly Widens From June to $25.3 Billion   BL
China Producer-Price Inflation Accelerates to Fastest Since 1996 on Energy BL
Dollar Bottom Against Yuan Gets Louder in China Bet BL
China to overtake US as largest manufacturer FT
According to the estimates, next year China will account for 17 per cent of manufacturing value-added output of $11,783bn and the US will make 16 per cent.
Olympic Games Are Slowing China's Economy, Goldman Says BL
Russian oligarch 'invader' pays record ÂŁ392m for Riviera villa Times Online
Iraq Private Sector Falters; Rolls of Government Soar NYT
Iraq, China ready to revive major oil deal AFP
Spanish shopkeeper finds Homer Simpson euro Reuters

Weekend Edition (August 9-10, 2008)
Key Data Releases and Events GInsight Looking Ahead Wachovia  Week Ahead Merk
A Threat of Recession for Economies of Europe NYT (Norris)
A New Asset Class, Part Two   Mauldin
Faber Says Global Economy in Recession; `Long' on Dollar Bloomberg Video
Crisis Averted. What of the Next One? NYT (Shiller)
Burst Bubble: Energy or Speculator? Noland
The Summer Rally Continues! Harding
Premature Celebration: The Market and the Fed Merk
Fractional-reserve banking at its finest Mogambo
End of an Era? Saxena
The American Dream is Just That Schiff
Outside U.S., Credit Cards Tighten Grip NYT
As the American blessing of credit cards became widespread, so did the American curse of debt.
US Credit Card Industry Faces Reforms WP
Auction-Rate Debt Buyback, Now What? Lamont
Naked Came the Speculators NYT (Morgenson)
The valuations of C.D.S.’s remain absurdly optimistic on both the books of the bond insurers who wrote them and the companies who bought them
Mortgages get more expensive - again   CNN
Mortgage Rates, Down for So Long, Are Creeping Back Up and Crimping Affordability NYT
Mortgage Giants to Buy Fewer Risky Home Loans NYT
“They’re the only real buyers in this market, and they’re going to buy less. That’s really bad news.”
Wachovia cuts back mortgage lending-report Reuters
The Next Mortgage Crisis? Alt-A Borrowers See Red ABC
Ed McMahon Decides to Lower Price on Beverly Hills Home by $1,900,000 This Week Dr. HB
Credit crunch and US banks: a long year on Wall Street Times Online
How ordinary investors got sold on ABCP Globe & Mail
Gold Bull Seasonals 3 Zeal
Have we reached the end of the road for oil? Telegraph
Matthew R. Simmons Interview Financial Sense Online
Iraq resumes oil exploration after 20-year break AFP
Where to invest as oil and commodity sectors tumble MW
Buffett's Berkshire Posts 7.6% Profit Drop on Insurance, Beats Estimates   BL
Advertising: Mars Takes M&M’s Out of Their Shell NYT
Former National Century CEO sentenced to prison Reuters
Get Ready to Reveal Credit Swap Risks CFO
OECD sees slower economic growth BBC
Global commercial property sales halved: study Reuters
BoE: Delaying The Inevitable BCAR
Weak German Numbers Worry Economists Spiegel
Japan bankruptcies hit 5-year high as realtors go bust BL
Singapore cuts growth forecast for 2008 to 4-5 percent AFP
Credit Card Spending Hits Record High Korea Times
The greatest Olympics ever
Smaller Olympic sports feeling the economic pinch MW
Georgia: Russia enters into 'war' in South Ossetia Telegraph

US dollar rallies as extent of worldwide recession becomes clearer Ambrose Evans-Pritchard
The US dollar has launched its best rally in half a decade, reflecting a recognition that half the world is in even worse shape than the US...
TIPS Show Inflation Expectations at Lowest Level in Five Years BL
Weekly Trends Scotia Weekly Focus Danske Week in Review NT
U.S. Financial Data FRBSL

Friday August 8, 2008
U.S. Stocks Rise as Oil Tumbles; S&P Posts Biggest Weekly Gain Since April BL
MBIA Says It May Sue Short-Seller Bill Ackman's Pershing Square Hedge Fund   BL
Three Keys to Ending the Credit Crisis: Raymond James' Saut Tech Ticker
$1 trillion in losses? Bank on more   CNN
Euro Falls Most in Eight Years on Reduced Bets for Higher Interest Rates   BL
U.S. Second-Quarter Productivity Rises 2.2%, Labor Costs Cool   BL  BLS
Governments cause the credit crisis, capitalism gets the blame Ambrose Evans-Pritchard
Hedge Fund Outlook `Much Worse' Than LTCM's 1998 Collapse, Hufschmid Says   BL
The crisis: a tale of two monetary policies FT (Feldstein)
Greenspan calls for a new way to deal with a crisis Economist
Mr Greenspan says a high-level panel of American financial officials should be given broad power to seize any financial institution whose failure threatens the entire economy...
Democracy – a flickering star? Buchanan
The Knife’s-Edge Economy DeLong
The Great Panic Portfolio
How the world changed one day last summer.
Meet the most bearish man in America Commodity Online
Oil's Skid Makes Bulls of Bears Dorfman
How the U.S. Government Has Mismanaged the Country Wharton
Dollar gains broadly as growth worries spread Reuters
FX Strategy: EUR/USD plunges! Justified? Too fast? Danske PDF
Friedman: Float or Fix? CATO Journal ~ Spring/Summer 2008
U.S. Financial Data, August 7 Issue FRBSL
Credit crunch in a century’s context FT
Mission creep at the Fed Economist
The Fed's creative response to the crisis may have staved off catastrophe, but may also have put its independence at risk
Money Markets `Plagued' by Libor, TED Spread That Fed, ECB Fail to Reduce BL
RBS Reports First Loss in 40 Years on Credit Markdowns, Securities Slump BL
ThisisMoney: “The head of Britain's second biggest bank issued a humiliating apology today after it made a record £691m loss.”
Fannie Mae Slashes Dividend to 5 Cents a Share After Fourth Straight Loss   BL
Beazer Loss Wider Than Expected, Downturn On-Going   CNBC
Tempest for a Bank That Bet on Risky Loans NYT
Huge risks remain in derivatives Economist
Foreclosure crisis: The $4 billion fix   CNN
Credit crackdown G&M
Bargain hunting in the U.S.? Better bring cash. Lax lending standards no longer apply
Home truths Economist
A housing slump helped cause the credit crisis. But its effect on spending may have been exaggerated
Watchdog bares teeth in crackdown Australian
In the wake of the credit crisis, ASIC has targeted a wide range of activities.
Here comes the credit crackdown Independent
The Three Signs That the Credit Crisis Has Yet to Hit Bottom MoneyMorning
'Accounting Games' Mask True Financial Pain, Says Housing Seer Rosner Tech Ticker
MBIA Posts $1.7 Billion in Second-Quarter Net Income; New Business Drops   BL
UBS Costs May Be Higher Than Citigroup, Merrill to End Auction-Rate Probes BL
Analysts: Citi can shake $7B settlement CNN
Will the Big Three’s cash last long enough for them to fix themselves? Economist
GM says to spend $900 million on capacity adjustments   Reuters
Google admits its AOL investment may be impaired   Reuters
Buffett Builds Berkshire Hathaway's Holdings as Earnings, Shares Decline   BL
Pop Goes Mr. Bubble NYTD
As consumers and lenders become more tight-fisted, expect more of these deal-driven companies to burst.
Hall of shame Economist
Refco Executive Gets 10 Years for Fraud Reuters
Lawsuit Filed Against NovaGold and Certain of Its Officers MarketWire
Microcaps Charged in Stock Scam CFO
Where the big jobs are   Fortune Business-school applications up as the economy slows
Reasons Some Firms Left the U.S. NYT (Norris)
Oppenheimer strategist Michael Metz dies at 79 Reuters
Oil Falls as Stronger U.S. Dollar Cuts Demand for Commodities BL
Copper hits 6-month low, nickel down after rally Reuters
Global gold hedgebook cut by 16 pct in Q2-Fortis Reuters
Supply crunch may bring $200 oil in 5-10 yrs: study   Reuters PDF File
Barrick Gold Becomes An Oil Producer? HardAssetsInvestor
House prices back to 2006 and still falling Times Online
India: Housing boom declines, hinting at slower economy CS Monitor
International banks expect real estate prices to fall 25 percent
Mumbai properties go under hammer as defaults rise Business Standard
Housing slump stalks Western Canada G&M
Indian inflation crosses 12 percent AFP
Japanese service-sector sentiment plumbs a seven-year low MW
Italy's Economy Unexpectedly Shrank in Second Quarter, Nearing Recession BL
Ferragamo May Delay Italian IPO Until 2009 as Consumer Spending Declines BL
Canada posts biggest job loss in 17 years Globe & Mail
Egypt Central Bank Raises Benchmark Interest Rate for Fifth Time This Year   BL
Shanghai drops to 52-week low before Olympics MW
Memo to dictators: stay in the shade Bedlam PDF
Games stocks may have already done their dash Standard
Raining on Beijing's parade carries risks Reuters
As Olympics Open, China's Economy Slows Business Week
Is China set for a post-Olympic pause? EDC
China Goes for (All of) the Gold Slate (Gross)
China's Olympic dazzle has its dark side Telegraph
China raises foreign banks' lending quotas: state media AFP
High seas, high prices Economist
How much will rising shipping costs hurt Chinese manufacturing?
Consumer Confidence Falls to Lowest in 7 Years   Korea Times
German carmakers face lease losses FT
Georgia conflict may add to negative mood on Russia mkts Reuters
Mediterranean Flyover: Telegraphing an Israeli Punch? Stratfor (via InvestorsInsight)

U.S. Consumer Credit Increases $14.3 Billion in June BL FED
Consumers are using credit cards and loans to cover expenses as falling home values cause banks to restrict access to home- equity lines.

Thursday August 7, 2008
Citigroup, NY settle for $7-billion Reuters
AIG Tumbles the Most in 28 Years After Third Straight Loss on Writedowns BL
Pending home sales index rises 5.3% in June MW NAR
U.S. weekly initial jobless claims rise 7,000 to 455,000 DOL
Highest Unsold Home Supply Since '82 Needs 50% Reduction to Signal Rebound   BL
July sales reflect end of stimulus checks MW
Global Support for US Growth Is Ending Morgan Stanley
Now Wall Street Wants Your Pension, Too   Business Week
JPMorganChase, Citi, Cerberus, and Morgan Stanley are among the firms lobbying Washington to let them take over and run corporate pension funds
CDO Market Is Dead, Not Just Pining for Fjords Gilbert
Big Freeze part 4: A US recovery FT
The Fed's Next Move is Down Browne
Not Even 2% Fed Funds Help Municipal Borrowers as Bond Rates Reach Record BL
Hank the Great? Paulson Takes a Page From Frederick With Covered-Bond Plan BL
David Rosenberg: The Frugal Future BIG Picture
Long-time Bear Granville turns bullish   Brimelow
Divorcing Money from Monetary Policy FRBNY
Budget Showdown In California Mish
GMO's Grantham sees prolonged credit crisis Reuters
SIV fire sales in the spotlight FT
Bill Gross: Fannie, Freddie Will Likely Need Bailout CNBC Video
Freddie's risks all too plain to see Fortune
Freddie Mac's negative net worth raises questions Reuters
To some investors, this means its shares should be trading closer to zero.
One L of a global banking crisis MSN
El-Erian believes that the solvency issues now challenging big U.S. banks are destined to spread out into a full-blown economic dislocation that engulfs and endangers innocent bystanders the world over.
Wall Street Report Tries to Dissect Financial Meltdown NYT
“Virtually everybody was frankly slow in recognizing that we were on the cusp of a really draconian crisis” 
Panel Calls for New Risk Standards At Wall St. Firms
The butterfly effect: How a blip became a credit crunch Independent
Writedowns dent more bank profits, markets tough Reuters
Credit crisis taking toll on European insurers Reuters
Credit crisis: After the binge, the UK suffers an almighty mortgage hangover Telegraph
Bond Default Rate May Rise to 10% Worldwide as Growth Slows, Moody's Says BL
Mortgages Made in 2007 Go Bad at Rapid Clip WSJ
Home values propped up by wishful thinking MW
Homeowners delusional on value of property SF Chronicle
40% of U.S. homeowners say their houses have risen in value DallasMN
10 Reasons Why California is Years Away from a Housing Bottom Dr. HB
Realtors live close to the edge USAT
Parking Ticket Leads to Home Foreclosure US News
Wal-Mart sales raise stimulus questions CNN
No. 1 retailer's July is weaker than analysts expect, reflecting the end of the government program.
AIG Reports Loss, Badly Missing Estimates   CNBC
Toyota's profit hit by weak U.S. sales   AP
Big Three face bankruptcy fears CNN
Can America's Auto Makers Survive? WSJ
Merrill's picked pockets Fortune
Tabcorp Posts Its First-Ever Loss on Slot-Machine, Betting-Shop Writedowns BL
Dubai buys fifth of circus troupe Cirque du Soleil AP
Citi Talks With Regulators May Bring Billions in Buybacks WSJ (Complete via Google)
The â€Phantom Shares’ Menace CATO PDF
Naked short selling distorts shareholder control.
Conn. sues Countrywide over lending practices AP
Bank of New York Battles Dershowitz-Backed Russians in Racketeering Trial BL
Wall Street: Goodbye to fat bonuses CNN
Pallotta, Paul Tudor Jones Equities Head, to Start His Own Investment Firm BL
Confessions of a risk manager Economist
An insider explains why it is so hard to stop traders behaving recklessly
How The US Economy Resembles a (very) Big business FRBC PDF
Gold Rises as Banks Report Credit Losses, Spurring Haven Demand BL
Gold Forecasts Cut UBS
New Buzzword for Commodities - “Demand Destruction” Dorsch
Supply and demand turned upside down as commodities plunge   MW
Commodities plunge shows it was hot money all along
Commodities rush could be over USAT
Oil Prices Could Skid Below $80 a Barrel, Gartman Says CNBC
Congress's unsound fury over Big Oil CS Monitor
Falling oil prices: The downside Fortune
Tokyo slides on soft outlook; Seoul hit by rate hike   MW
Credit crisis continues to weigh on Asia FT
ECB Leaves Benchmark Rate at Seven-Year High of 4.25% to Fight Inflation BL
Japan machinery orders suffer first fall in three months AFP
Japan's economic expansion officially peters out Times
Japan Cabinet Lowers Overall Economic Assessment AP
Food price spike adds to BoE rates dilemma   Telegraph
IMF dashes Darling's hope for quick recovery Times Online
Bank of Korea Unexpectedly Raises Interest Rate to 5.25% to Curb Inflation BL
China Tightens Currency Controls to Curb Inflows AP
The Great Bubble of China: Next to Pop? Seeking Alpha
Games to turn investors on or off China?   Reuters
Liberty squeezed in retail and property pinch Times

The dollar on the comeback trail CNN
Fears of global slowdown buck up the dollar   AP

Wednesday August 6, 2008
Fed won't get us out of this mess MW
Many prominent economists are looking elsewhere for solutions
Oil Prices Close Below $119 After Inventory Report   AP
Mooooooo! PIMCO (Gross)
Catching the recovery before reality sets in Harrison
Welcome to a world of diminished expectations FT
Fed-Hike Risks Fade Amid Recession Signs Barron’s
First, Let's Ban All the FOMC Statements Kadrosky
A Word Here, A Word There Barbera
Wage/Price Fixation Is Spiraling Out of Control Baum
Retailers May Flunk Back-to-School as Costs Soar, Consumers Slow Spending BL
Mass. consumer, business confidence drops   Boston Globe
Connecticut Businesses Falling Victim To Recession TheDay
Morgan Stanley Freezes Home-Equity Credit Lines for Thousands of Customers BL
Freddie Reports Fourth Straight Loss, Plans to Cut Dividend BL
Treasury hires Morgan Stanley on Fannie, Freddie Reuters
While Morgan Stanley's business trading in securities of Fannie Mae and Freddie Mac could give the appearance of a conflict of interest in its advisory role to the government, analysts said Treasury likely had little choice
Freddie CEO Feels Strain Of Firm's Twin Missions WP
Commercial Rental Rates Plummet in Manhattan   NY Sun
Complex Mortgages May Hit FirstFed WSJ
Shifting down the gears: Big Freeze Part 3 - The economy FT
All Over For Commodities? UBS
Super-cycle gets a flat as commodities fall Australian
Recent weakness in the price of gold may have a message for the currency markets BofNY
Presidential energy pledges: We've heard them before CS Monitor
Ambac swings to loss MW
Hedge funds expand role as small business lender Reuters
Whole Foods profit drops 30%, drastically lowers outlook AP
Sprint Reports Loss as Mobile Customers Depart, Forecasts More Defections   maw
Global Standards: Jilted at the Altar? CFO
The Permission Problem New Yorker (Surowiecki)
The principles of sound regulation FT (Kaufman)
You Can't Control Animal Spirits WSJ (Levitt)
US cracks 'biggest ID fraud case' BBC
Recession signalled by key indicators of British economy   Independent
U.K. Consumer Confidence Drops Most in Four Years   BL Irish sentiment at new all-time low
Repossessions rise 40% as arrears worsen Times Online
Property brokers fear bank-style jobs cull Reuters
Yuan set lower 5 days in a row China Daily
China loosens lending controls, fearing slowdown AP
Asian mutual funds gain $35 billion of inflows Asian Investor
Japan Says Economy Deteriorating, Signals a Recession BL
Nazis, Debt Cloud Japanese Stagflation Debate Pesek
Mexico's Poor Cut Back on Medicine, Food as Money From U.S. Jobs Dries Up BL
Sarkozy Forces the French to Join the 1980s BL (Lewis)
Europe Tries to Handle Political Fallout of Pension Cuts NYT
Italy: All Fear, No Hope WSJ
Australian Home loan slump: rate cut more likely Dow Jones
Real Interest Rate Falls to Zero Korea Times
Iraq's oil profits huge while U.S. shoulders reconstruction, GAO says McClatchy  PDF File

Tuesday August 5, 2008
Dow has best day in 4 months as oil slumps, Fed stands pat on rates MW
Gold futures drop over $36 in three sessions MW
Fed Keeps Benchmark Rate at 2% as Inflation Accelerates, Growth StagnatesStatement
Service Industries Contracts Less Than Economists Had Estimated BL ISM
Only Ben Bernanke Knows When General Mills Sells Credit Like Its Cheerios BL
Bernanke May Sound Tougher on Prices to Avert Fed Bank Presidents' Revolt   BL
Mark Mobius Says Fed Should Cut Overnight Bank Rate to 1% to Boost Economy   BL
Lower rate of interest Hulbert
Repel the calls to contain competitive markets FT (Alan Greenspan)
U.S. spending obligations surge CS Monitor
Should We Feel This Bad? Wachovia PDF
A Recession on the Horizon? Stelzer
Outlook for Consumer Spending Remains Gloomy Northern Trust PDF
Survival of the Unfittest Outside The Box
Schwarzenegger proposes temporary sales-tax hike to close budget deficit   LA Times
Washington's Intervention Addiction Ron Paul
The World’s Grandest Ponzi Scheme Unravels Mike Morgan
Did payrolls decline 51,000 or 580,000? Rosenberg  PDF
FX Crossroads, IMM positions: Speculative investors turn dollar positive Danske PDF
Buffett on the Big Screen to Talk About Debt Crisis CNBC
Roubini: Hundreds of banks will fail Reuters
Credit crunch one year on: 10 leading figures comment Independent
Cost of a wrong turn: The Big Freeze part 2 – the future of banking FT
Merrill's Thain Won't Rule Out Further Writedowns CNBC
`Leveraged Bailout' Won't End Mortgage Madness Wasik
Uninsured Depositors May Be 'Iceberg' for US Economy CNBC
Citigroup Reports Loss on Credit-Card Securitization as Customers Pay Late BL
WCI files for bankruptcy protection AP
Icahn said the filing was necessary because the Bonita Springs, Fla.-based developer's entire $1.8-billion (U.S.) debt may soon be in default.
HSBC warns Asia not immune from crisis Telegraph
The bank that took the first hit says the credit crunch is far from finished Warner
Morgan Stanley issues gloomy warning on Spanish banks Ambrose Evans-Pritchard
“We believe the deterioration in Spain is just in the beginning stages. The bulk of the pain will be suffered in 2009”
Never trust the banks when they say: 'Don't worry, we'll be careful' Telegraph
“It is baffling why regulators continue to place their faith in risk-management systems that fail with such alarming frequency.”
At Freddie Mac, Chief Discarded Warning Signs NYT
On Wall St., Reputation Is Fragile NYTD
Lehman Weighs Sale of Investment Management Unit CNBC
Merrill Severs Ties With Former Executive Kim's Fund BL
Contingent Liabilities Draft Stirs it Up CFO
'Rogue trader' assistant probed BBC
Wachovia, affiliates sued over bond fund losses Reuters
Ex-NBC Exec Guilty in Embezzlement Case CFO
Big Yahoo shareholder demands review of board vote AP
Newspapers Could Be Bargains, but Few Are Buying NYT
Platinum, Oil, Corn Drop as Commodities Retreat on Slowing Global Economy BL
Paper Selling, Physical Buying Butler
The law catches up to oil   MW
The long shadow of oil's rise ~  Is it back to the 70s? Globe & Mail
U.S. Farmland Values Reach Record on High Crop Prices BL
Booming China Suddenly Worries That a Slowdown Is Taking Hold NYT
Downshifting China's Economy WSJ
Mainland stocks hit by economy fears - Official: No need for more tightening China Daily
Shanghai turnover hits 18-month low Standard
China Development Bank to bid for Germany's Dresdner Bank MW
Gloom over UK service sector fuels fears Times Online
German economy gets a rude awakening DB Research
Rate cuts are on the way Australian
UK tops the ranks of global pessimists Independent
Putin says Russia needs to go back to Cuba: media Reuters
Iran Threatens Strait of Hormuz NY Sun

Monday August 4, 2008
Oil Plunges Over $4 After Storm Threat Eases AP
Wall Street Reels, NYC Braces for Tough Economy AP
U.S. Consumer Inflation Rises Most Since '81, Undermining Impact of Rebate BL
Corporate job cuts up 33% MW
The Risk of Conceding Recession   Hussman
The fiction of corporate transparency MSN (Fleck)
Rolling Recessions Bring Bernanke, King, Trichet Monetary Policy Paralysis BL
A miserable time looms for America as the boomers become pensioners King
Only luck can save America’s economy FT
A Slow-Mo Meltdown NYT (Krugman)
Time for a Second Stimulus Package? Lachman
Recessions associated with housing or credit busts are almost always longer and deeper than the average recession.
When the Stimulus Runs Dry CIBC PDF
Rolling Recessions Bring Paralysis to Bernanke, King, Trichet   BL
Three Strikes Against Consumers NYT
Rich begin feeling the pain in down economy AP
Slow economy forecast for fall election AFP
Tough times, take a toll Reuters
Cash-strapped US state and city governments are likely to sell or lease more highways, bridges, airports and other assets to investors...
Fewest Treasury Traders Since 1960 Hit Taxpayers BL
Stocks could bottom out soon USAT
In the 10 bear markets since the 1940s, the "repo bear" has taken back, on average, $62 of every $100 in profit made in the prior bull market
The Stars Have Yet to Align for Stocks NYT (Hulbert)
Elias puts his faith in price patterns Brimelow
Up, Up and Away ... Newsweek
Half the world is living with double-digit inflation, as boom gives way to bust.
Whitney: Credit crunch far from over Fortune  Whitney on CNBC
The big freeze: A year that shook faith in finance FT
Citigroup Said to Shut Convertible Hedge Fund After Investor Redemptions   BL
High-flying Falcone Has His Wings Clipped NYP
Housing Lenders Fear Bigger Wave of Loan Defaults NYT
Homeowners with good credit are falling behind on their payments in growing numbers, just as the problems with subprime mortgages have begun to level off.
After the Bubble, Ghost Towns Across America WSJ
Half-Built Subdivisions Are Lonesome Places; 'There's Just No Noise'
The Impact of the Housing Crash on Family Wealth CEPR PDF
A Lost Decade of Housing Equity... Dr. HB
The Housing Market Won't Recover Until 2010 CNBC Video
U.S. retailer Boscov's files bankruptcy, may be sold Reuters
What to Do When Your Fancy ETF Goes R.I.P. WSJ
Chrysler renews credit facilities but cuts amount Reuters
An S.B.A. Lender, Uncensored NYT (Morgenson)
Airlines Add Fees Despite Lower Oil Cost CFO
Companies tap pension plans to fund executive benefits WSJ
The rise and fall of Jimmy Cayne Fortune
Last summer he was worth $1.6 billion. Then he nearly died and Bear Stearns collapsed.
Riches to Rags NYT
CNBC and the tempo of doom Chicago Tribune
Platinum Drops to Six-Month Low on Demand Outlook; Gold Falls   BL
Oil steady near $125 on Gulf of Mexico storm AP
Aluminum's 12% Summer Swoon Masks Looming Shortage BL
Deutsche calls the top of the commodity cycle Ambrose Evans-Pritchard
Wall Street's Energy Romance Fading Dorfman
SemGroup woes have ripple effect Wichita Eagle
Shipping Costs Start to Crimp Globalization   NYT
DuPont boost prices of polymers Purchasing
UK construction activity plunges to new low Times Online
Manufacturers' gloom stretches across UK Times Online
One in Five German Firms Leaving China Spiegel
China lost its status as the world's cheapest country for manufacturing some time ago.
China: Slower Growth Ahead HKTDC
China's Inflation Is Harder to Control Than Web Pesek
Futures trading volume up 76% in July Xinhua
HSBC's bad debt charges soar MW
Fortis warns of more credit market turmoil Times Online
More banks to reveal damage done by crunch   Inhdependent
Ice bound: Iceland's banks ThisisMoney
Iceland's major banks are facing growing concerns over the risk that they might run into difficulties.
Finance Minister Ibuki Sees Danger of Stagflation in Japan   CEP
Brokerages May Suffer Big Loss in ELS Sales   Korea Times
Taipei Area Housing Market Feels Pinch of Economic Downturn Asia Pulse
Brazil Broken Markets Pit BlackRock Bulls Against Mobius, Bears BL
Loonie Losing Wings in Currency Markets as Canada Can't Escape U.S. Slump BL
Iran's Military Tests Anti-Ship Weapon With Range of More Than 185 Miles   BL

Weekend Edition (August 2-3, 2008)
Florida bank closed by FDIC CNN  FDIC
Key U.S. Data Releases and Events   Global Insight
Volatility looms as eyes on profits, Fed, oil Reuters
Doscientos Mes Contrary Investor
Tipping Point AEI (Makin)
The Rise of A New Asset Class Mauldin
If It Walks Like A Recession And Talks Like A Recession, It Must Be A Recession. Kasriel P
U.S. Recession Is on Verge of Making History Baum
Economic Free Fall? TheNation
Why Is the World Slowing in Super Slow-Motion? Morgan Stanley (Jen)
Lies My Data Told Me BMO Focus  PDF
Rally Lacks Conviction Swenlin  Could Bear Talk Be a Contrary Signal? NYT (Norris)
US Budget Deficit to Grow Much Worse Merk Market Outlook
The Maestro Won't Face the Music Schiff
The fact that the media still holds this joker in such high esteem is a testament to just how clueless they are. 
At last Alan Greenspan is saying what he means Times
The Uppers Noland Mogambo - Dr. HB - Harding - Ash - Casey Files - North
FHA Loan Elgibility Tool: Fantastic Gimmicks to get you to Purchase a Home MyBudget 360
Credit Crisis One Year Later: No Signs of Turning Corner CNBC
On anniversary of credit crisis, more pain expected MW
Economic models predict clear Obama win in November Reuters
U.S. Financial Data, August 1 Issue FRBSL
Base Metals Stockpiles and Prices 4 Zeal
Dip or decline for oil prices? FT
Big Oil's biggest quarter ever: $51.5B in all AP
Automakers Race Time as Their Cash Runs Low NYT
GM's downward spiral: A timeline Fortune
Wal-Mart warns managers about labor bill Reuters
Wall Street bankers brace for bonus cuts   Reuters
Thain’s Change: From Assurance to Desperation   NYT
Yahoo faces down shareholders at annual meeting MW
Cuomo Threatens to Sue Citigroup Over `Fraudulent' Auction-Rate Debt Sales BL
DBRS named in suit over ABCP Reuters
FSA opens investigation into HBOS slide Times
The S.E.C. Is Investigating Fee Practices at Value Line NYT
Shoppers buying more store brands   AP
Casino Blames Income Drop On Gamblers' Luck NBC
Tarnished 'truth' Asia Times
The New Paradigm for Financial Markets by George Soros
Soros Successors Thiel, Howard Prove Global Bears Rule Markets BL
What Hollywood can teach us about investing AllAboutAlpha
Japan's new economy min warns of economic downturn Reuters
China Farms Abroad Asia Sentinel
China’s Ambition Soars to High-Tech Industry NYT
Beijing shopping mall industry faces oversupply concerns China Daily
Thai inflation surges to new 10-year high: official AFP
Slowdown claims leisure and property Times
Berth of a nation Globe & Mail
Beijing's Olympic Smog: How Bad Will It Be? Business Week
US firm offers 3-cent songs in China   AP
Iran Heads Toward Nuclear `Breakthrough,' Israel Says BL

Weekly Trends Scotia Weekly Focus Danske Week In Review NTrust PDFs

Friday August 1, 2008
South African Stocks Tumble Into Bear Market BL
Ford, Toyota sales plunge again   CNN
Survey: Manufacturing Was Flat in July AP ISMConstruction spending falls in June
U.S. Employers Cut 51,000 Jobs, Fewer Than Forecast; Jobless Rate at 5.7%   BL  BLS
Sprott warns of "systemic financial meltdown” G&M
Of Maes and Macs: From Ridiculous to Sublime Sprott PDF
Fisher's Debt-Deflation Theory of Great Depressions and a possible revision RGE
Wanted: A Panic To Slay the Bear   Dorfman
Russell turns bearish again Hulbert
The Fed's rate dilemma CNN
Bernanke and the Fed Won't Raise Rates Any Time Soon Business Week
Fed Fears Wage Spiral That Is Little in Evidence NYT
Stressed banks borrow record amount from Fed Reuters
Bernanke's Personal Portfolio Needs an Overhaul ABC
U.S. officials say dollar has fallen far enough Reuters
The Arcane World of Commodities & Currencies Dorsch
Profit Data May Explain U.S. Gloom NYT (Norris)
Corporate profits earned in the United States rose much more rapidly from 2005 through 2007 than had been earlier reported, making the subsequent fall seem even more precipitous.
Unconvinced by economic growth? Blame the deflator Reuters
Are you now, or have you ever been...in a recession? Nadler
Wall St. Legend Joe Grano: Fed’s Actions Are A “Band aid” CNBC Video
Housing, Economy Still Far From Recovery: Greenspan   CNBC
“I think the ultimate solution is a nationalization of both Fannie and Freddie and I hope a restructuring in that nationalization...And then split them up into five or ten separate entities and sell them back into the market."
The Arrogance of Greenspan Shaffer
Finance Has Become the Business of America Barron’s
Has Housing Bottomed, and Is Recovery Ahead? Berner
Investment Bulletin Bedlam PDF
Time to pay the piper Satyajit Das
States face tough choices as budget crisis deepens AP
State cutbacks add to Sacramento area's jobless woes SacBee
Both candidates give special attention to Florida and its troubles Sun-Sentinel
U.S. Housing's Inventory Problem   Global Insight
America's $53 trillion jumbo loan CS Monitor
The next president and Congress must not let the national debt surprise the country the way the subprime crisis did.
Credit Crunch Hits MasterCard Forbes
Families scouring for loans Boston Globe
Insolvency figures soar as credit crunch burns debt-ridden homeowners Telegraph
Merrill Analysts Pitched Auction-Rate Securities Four Days Before Collapse BL
IndyMac Bancorp, Second-Largest U.S. Mortgage Lender, Files for Bankruptcy BL
GM posts $15.5 billion loss CNN
Even excluding charges, automaker loses far more than expected as vehicle sales tumble.
NEC Shares Plunge Most Since 1987 Crash on Earnings BL
S&P cuts Big Three carmaker ratings lower into junk Reuters
Philip Morris nabs Rothmans G&M
BMW Scraps Earnings Forecast as Declining U.S. Sales, Dollar Hurt Revenue   BL
Lehman Brothers Should Come Clean on R3 Capital   BL
Icahn expected to play hardball with Bristol Reuters
Gates investment arm trashes Waste Management bid Reuters
What’s Next for Bear’s Former Chief? NYTD
Carlyle winds down $600m Blue Wave hedge fund Wealth-bulletin
Comments on Amendment to Emergency Order... SEC
Your secret may no longer be safe with the gnomes of Zurich G&M
There's no honour among thieves or Swiss banks any more, I guess.
Mass. regulators accuse Merrill Lynch of fraud AP
Suing The Bear Forbes
Markets plunge, divorces soar Montreal Gazette
MIT develops way to bank solar energy at home Reuters
Can This Planet Be Saved? NYT (Krugman)
Australia faces worse crisis than America Ambrose Evans-Pritchard
Euro zone factory sector weakest in 5 years in July Reuters
Energy slams brakes on growth G&M
New estimates of gross domestic product in Canada and the U.S. led analysts to warn on Thursday that the worst may still be ahead.
Rising oil and food prices push inflation in eurozone to record high   Independent
Indian inflation rises to nudge closer to 12 percent AFP
Japan's economy in 'severe situation,' says business chief Straits Times
Morgan Stanley Cuts Japan Growth Forecast on U.S. Spillover BL
Chavez nationalizes Spanish-owned bank G&M
Moscow to seize grain export controls FT
Korea's Biggest Money Manager Says Genghis Khan Makes Best Model for Funds BL
China Tightens Share Sale Approvals to Revive Market BL
Big Mac Index Shows Asian Economies Out of Whack Pesek
HBOS profits dive on grim housing outlook Times Online
Tunnel float under water in dire times Australian
British Airways boss warns of 'worst trading environment ever' Guardian
Why India and China Said No to US Business Week
Doha Round failure: This is the way the round ends… VOX
China crimps commerce for Beijing Games CS Monitor