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Monday February 28 Judge: Parmalat Can Sue Citigroup AP The Pendulum of Global Leadership Roach U.S.: Housing -- Bubbly? Berner The Bear's Lair: The doomed continent? UPI Moneyization Part Eight SH U.S. new home sales off 9.2% in January CBSM Census Chicago Purchasers Index Rose to 62.7 in Feb BL January Personal Spending Unchanged; Incomes Fall 2.3% BL BEA Personal Incomes See Biggest Dip in Decade Crude Surpasses $52, as Snow Is Forecast in U.S. BL $ Down ~ Gold Up Falling dollar and rising oil form a dangerous mix Times Online What is causing the falling dollar? Brookes (Jackson) Dress rehearsal for a dollar deluge Fleck Badly Exposed HSBC forecasts further falls for the US dollar AME The Decoy of the Falling Dollar Fekete FX Daily BlackS Credit Mart Braces For Potential Fallout BondWeek Brief Market Climate Update Hussman A Prominent Wall Street Bear Calls It Quits WSJ Housing's future is bleak DiMartino Top of the Market, Ma! LA Times Let homebuyer beware DenverP People do foolish things under the impression they are getting richer because their houses are worth more. Is That A Whiff Of Inflation? Business Week Federal spending on tech skyrockets USAT Projects that can have a short-term impact on anti-terrorism efforts or the war in Iraq are taking precedence over more traditional initiatives, such as e-government and infrastructure upgrades, some tech executives say. Wall Street Is Stuck With Fannie Mae WP Federated to Buy May -Sources ~ Yellow to Buy USF for $1.37 Billion Reuters Heinz Profit Falls on Write-Down Reuters Apple faces multi-billion dollar suit over old for new sales claims Scotsman Wal-Mart ordered to stop harassing help Reuters Black threatens to sue Hollinger board members G&M Biogen, Elan Suspend Marketing of Tysabri Drug After Death; Shares Drop BL The WorldCom and Enron Settlements AEI PDF Politics Rears its Ugly Head Ebbers telling his side to New York jury AP SEC’s Empty Quiver NYP Harmony chief in offshore mystery Guardian Drooy Panic G-E Most G7 favour IMF gold sales for debt relief Mining Weekly Gold-linked funds fuel hunger for bullion G&M Firms brace for options rules SVBJ The SEC could reject the FASB rules, or, more likely, provide guidance on how to value options. Mutual funds cutting commissions WSJ Some worry that hedge funds are studying the trading patterns of the new electronic systems to get a leg up on other investors, while paying brokers higher commissions of five cents a share or more in hopes of getting better service that could include quick responses in a market meltdown. Hedge Fund Services Heat Up Wall St.& Tech Yen Rises After IP Expands More Than Forecast BL Retail Sales Gain Copper Rises to Record in London BL Global coal crisis warning Stand With China on a buying binge, price of steel skyrockets in U.S. Sac Bee What happened to the German economy? Inde (King) Germans feel the bite of the new hedge-fund reality Independent Australia's trade deficit near another record AFP House prices fall for 8th month Reuters Creditor accepts Argentina's debt offer FT Mexico Central Bank Raises Rates for 11th Time in a Year to Curb Inflation BL Central bank expected to stand pat on interest rates Globe & Mail Week could see another wild ride for CND dollar G&M Skills shortage in oil industry BBC House price warning for homeowners Mail & Guardian Beware of financial conglomerates in FSA's Wild Kingdom Japan Times Companies set up in 2002 'doomed' BBC Asian markets still on guard against fraud 10 years after Barings saga AFP Former Royal Bank quartet intend to root out rogue traders The Herald Online Poker: IPOs in the Cards? Business Week A Stock Exchange for Bettor BW Fiddling figures won't give this rule legs Times Online Whiskey sales take great leap forward Standard “For China to reach the level of Scotch whiskey consumption per head seen in Hong Kong and Taiwan, they would need to buy far more Scotch than can conceivably be produced” Officials tell Arab Bank to stop wire transfers USAT Bush warmed France, but Russia's still a bit chilly Newsweek
Rebound in U.S. Stocks May Falter as $50-a-Barrel Oil Takes Toll on Profit BL Gold May Rise ~ $ May Gain ~ Treasuries May Fall BL
Weekend Edition (Feb 26-27) The Coming Week: Rate Puzzle TStreet Martha Stewart Gets Out of Jail WSJ OPEC signals it wants high oil prices AFP Filmmaker says rude awakening about oil is coming EB That Tricky Yield Curve Forbes (Grant) The Dollar as the Old Maid Mauldin Rough dollar days ahead? AP Does Greenspan Get It? Gillespie Dr. Bernanke on the Current Account PBear (Noland) Investing in the Bubbles of Tomorrow - Today Mayer Add Asia central bankers to 'worry' list AP Happy investor = bad investor Farrell Banks Bet Big on Troubled Stocks NY Post ChoicePoint Execs Sold Shares After Breach AP Wall Street's love affair with radio turns sour AP Harmony's Gold Fields bid may go flat as delay hits Times Online Oil price surge defies forecasters CBSM County home prices reach record high Tribune China Says Will Move on Yuan in '05 AP China to face electricity shortage in 2005 China Daily A marginalised market Economist Is Kafka Running Korea's Currency Policy? Pesek The Week Ahead: Will Pensions Clip the Loonie's Wings? CIBC Bank of America Buys Bad Loans From Philippine Bank BL Argentina completes debt restructuring AP The collapse that rocked the establishment Guardian Brown’s Bleeding Heart Excuse To Dump IMF Gold G-E
Friday February 25 Crude futures end the week up 5% CBSM Natural-gas futures add 12 percent Short-term US Treasury yields hit fresh highs Reuters A Look at Inflation's Effects on the DJIA and it's Dividend Yield G-E Oil Prices: More Than Just Cold Weather BCA Research Existing home sales dip Reuters Realtor U.S. Fourth-Quarter Gross Domestic Product Rises at 3.8% Rate BL BEA Asia in focus as dollar drifts up FT Dollar pushes Asia closer Hosokawa: "It was an unofficial meeting to freely exchange views on macroeconomic issues surrounding Asian nations. We are not supposed to disclose the content of the meeting." R/BL Oil and the US consumer will determine how this global growth story ends Inde Should Americans Save More? AIE (Makin) PDF The Case For a Market Top Comstock The Instruments of Rebalancing Roach Think Again: Alan Greenspan Roach Fear and Loathing Crack Greenspan Bond Conundrum Gilbert Greenspan is gone in nine months Texas Hedge Changing Of The Guard Rostenko Foreign Investment's Flip Side WP U.S. Trade Deficit Swells Along With Consumption, Debt "The Specifics That 'Make' the Dollar Go Up or Down" EW “As homebuilders go, so goes the dollar!” Black Swan PDF Current account adjustment and capital flows BIS PDF Volatility Indicators Try to Break Out of Downtrend, But Fail for Now Schaeffers The long and short of it Hulbert Kansas on My Mind Krugman (R) Who Suffers Most If Housing Bubble Bursts? TheDay Luxury-home market luxuriates CBSM Demand/Supply Ratio For Gold Swung Into Deficit In 2004 Mineset Lassonde Warns of More Cracks in "Dollar Support Syndicate" Wood S&P Warns of Airline Bankruptcies AP Boeing -- Another Corporate Giant Destined to Fail? BL Michaels Stores Subpoenaed Over Trusts; SEC Also Probing AP Jury Awards $7.5 Million in Wal-Mart Case AP GAO: Air Force Improperly Favored Boeing AP Ex Marsh & McLennan Exec Pleads Guilty AP eBay plays down 'shill' bidding allegations TheRegister Tech Companies Hit Hard by Labor Suits AEI Nice work -- if you can get it CNN CEOs at the nation's top corporations saw their bonuses soar by nearly half to more than $1 million last year, US deficits risk crash: Treasury Australian Peter Costello's closest adviser fears the US is heading for a devastating financial crash that could ravage Australia's economic growth. Australian PM rejects as alarmist warning that US deficits risk crash AFP Japan's core consumer prices down 0.3 percent in January AFP Fitch: China revaluation may be risky CBSM China to Keep Hold on Currency Controls AP Economic gloom coming Australian French Jobless Rate Climbs to 10 Percent; Manufacturers' Confidence Slips BL Asian demand ignites boom for iron ore Globe & Mail RBS boss says former banking czar is 'detached from reality' Times Online Ito deems banks ready for end of unlimited deposit insurance Japan Times Depositors are expected to become more selective after the full guarantee has been lifted, and flee to stronger banks from weaker ones. World Bank Says Penalized 300 for Corruption AP Judge Dismisses Yukos Bankruptcy AP Ex-Yukos Boss Khodorkovsky Denies Guilt AP BAE pension deficit hits £4bn Guardian Indonesia mulls withdrawing from OPEC Oil & Gas Martin says No to missile defence, U.S. says it will still fire over Canada CP
Thursday February 24 Fed's Bernanke Says He's Fine With Rate-Increase Pace BL Help-Wanted Advertising Index Increases Again CB Krispy Kreme faces 2nd investigation CBSM Jobless Claims Rise, Factory Orders Fall AP Census Bonds rise on hints of slower growth CNN Crude Jumps; Cold Snap Drains Fuel Supplies BL War Jitters! Chapman Are Crude Oil Prices To High? Cross Currents Record gas prices coming, trends say BL Dollar Declines on Concern U.S. Yields Too Low to Spur Demand BL The Day After Tomorrow Financial Sense Caution: Falling profits CNN The Anguish of Central Banking 2005 Mises Boom or Bust? Rockwell We need to take more of those blue pills Mogambo Guru Warning From the Markets NYT Honey, I shrunk the dollar Spiegel (NYT) When a country lives on borrowed time, borrowed money and borrowed energy, it is just begging the markets to discipline it in their own way at their own time Growth story turns bad BRW When the US loses its appetite for borrowed money, the effects will be felt around the world. US bankruptcies ‘to surge’ amid junk bond deluge Times Online A case of pension deficit disorder FT The Domino Effect CFO “Some have compared this to the savings and loan crisis of the early nineties” IMF Rato-Need policy to shrink US deficits, help dlr Reuters Dollar Damage Control in Force FS ‘The Aviator' Is a Lesson in U.S. Finance BL (Lewis) Irrational Market Bubbles: Are They "Post-Modern"? EW The End of the Bond Rally Morgan Stanley U.S. participation rate hits 17-year low AP Health care tab ready to explode USAT CPI's Deceptive Story BW Many feel pinch AR Inflation with a new face SFG Valley home prices hit new high Desert Sun Dobbs fires away against outsourcing USAT Fannie Scrambles for New Ways to Raise Capital NYT Fannie Keeps Cookin’ N Turnaround Artist Stephen Cooper Is Swamped: First Enron, Now Krispy Kreme, and More to Come Wharton Wal-Mart's next battle: in the Big Apple CS Monitor In eBay's Success May Lie Hints of Trouble Ahead Wharton Google, Yahoo! Ripped TheStreet Viacom takes $18 billion charge Reuters SEC may charge former Bear broker CBSM U.S. Rests Fraud Case Against Ebbers Reuters Witness: Scrushy knew of HealthSouth fraud BW Martha coming back as CEO? CNN Judge decides Lea Fastow must finish out her full prison term HC Trial date set for Enron's Lay, Skilling Reuters Judge Keeps E&Y Papers Private CFO Unions sue Rumsfeld PI IRS pursuing almost 200 executives for not paying taxes on stock options CT Shhh. Liquidnet Is Trading Stocks in Huge Blocks NYT Increasing Competition in Hedge, Buyout Funds LA Times Weekly Gold Market Outlook Bugos End Game Dynamics Hook PM's and Oil Maund Consumers dazzled by gold despite high prices Reuters Gold output lowest in 60 years MiningMx Copper hits fresh 16-year high on LME MC Asia To Set Up Monetary Discussion Group Dow Jones ASEAN+3 to Tackle Weak Dollar Korea Times Monetary policymakers of South Korea, Japan, China and the 10-member Association of Southeast Asian Nations (ASEAN) held a low-key meeting in Bangkok, Tuesday, to discuss countermeasures against the weak dollar. Won Under Attack from Hedge Funds Korea Times Top banker vows to keep yuan stable China Daily Asia / Pacific: Staring at the Strong Currency Trap Again MS (Xie) NT dollar rockets to 53-month high TT Taiwan Poised to Open Door to Chinese Lenders for First Time in 55 Years BL Bank of England Must Be `Pre-Emptive' on Rates, Lomax Says BL France doubles sale of its bonds IHT (BL) 2005 Canadian Federal Budget: Spend and Spend CIBC Economic Minister: Russian Inflation Soaring, Investment Lagging AP Argentina: Screeching to the precipice Economist Iranian Minister calls for dynamic bourse in Iran IranMania IT firms paying top money to US pros India Times HVB to Cut as Many as 2,400 Jobs, Has EU2.28 Bln Loss BL Gazprom's Debts, Costs Are Becoming a Liability Moscow Times U.S. Judge Postpones Yukos Cliffhanger AP China Aviation Oil Files Defense to Sumitomo Lawsuit BL Islamist with links to Iran to be PM Times Online Iran holding the wild card KR
Dollar Rises as FOMC Suggests Rate Hikes Reuters Fed Minutes Fed Is Split on Whether to Set Inflation Target Berry Yield Curve Says Fed Less Stimulative, Not More Baum
Wednesday February 23 Consumer Prices in U.S. Rise 0.1%; Core Rate Increases 0.2% BL BLS Dollar Gains as Japan, Bank of Korea Say They Won't Sell the U.S. Currency BL Currency Currents Black Swan Because the currency markets are so damn leveraged, when the news-bit driven groupies act, the rest of us either have to play along or get out the way. Crude Holds Above $51 AP Oil May Hit $60 BL OPEC to the rescue? CNN Mortgage Applications Down Last Week Reuters MBA Markets minding minutes Dallas News The Likely Range of Market Returns in the Coming Decade Hussman Out of the Blue? Morgan Stanley (Roach) Trees don't grow to the sky Hulbert Outlook for stock returns too rosy in Social Security debate Fannie Mae Says Regulator Finds Accounting Errors BL Fannie Fannie Mae mortgage portfolio shrinks AP The Budget Two-Step CATO Budget Reality Check NTU Bush proposes that the federal government spend $2.57 trillion in the next fiscal year. That's 38 percent more than the federal government was spending in the last year of President Bill Clinton's term. American economy: deficits are not a “force for economic good” Jackson Time to Buy Gold Aden Russell on the Markets G-E You don't see many days that are this damaging. Instant Economic Depression SH Even higher interest rates wouldn't end the housing boom, economist says “The real estate market is still booming all across the U.S. You can't apply conventional wisdom to the real estate markets anymore.” U.S. Technology Stocks Decline After Motorola Cuts Profit BL Dell sued for bait and switch CNN Is eBay spinning out of control? Times Online Big Lots Restates Its Earnings on Lease Accounting BL Land's End to cut 375 jobs Reuters Yellow-USF eye $1B deal? Reuters Hershey Affirms Earnings View, Warns on Margins Reuters Costco's shares don't come cheap WSJ Exec: Ebbers Said CFO Was Too Conservative AP Ex-Fleet unit fined $570k in funds case Boston Globe Martha's 'Homecoming' CNN Probe of title insurers widens Denver Post Galvin broadens Gillette inquiry Boston Globe End of late fees could cost you big bucks Det FP Missing Baggage Costs Airlines $1.6B AP American to start flying into China in 2006 ST Donaldson's Balancing Act Business Week In the eye of the investor Economist Efficient markets are producing boring returns these days. Is investing in one of the least efficient—art—a better bet? More Gloom on the Island of Lost Toy Makers NYT Balls, Barbies, and Bongs? Children's Book on Pot Spectator “We knew this book was going to be controversial” FSA issues warning over derivatives Guardian FSA Asian Interest Fuels Growth in Cayman Islands Hedge Fund Sector W&W More than 1,100 new hedge funds were created in the Cayman Islands in 2004, marking a 100 per cent increase over the previous reporting period. Derivatives litigation set to explode Reuters A decline in credit markets could prompt a wave of lawsuits against investment banks, as investors ratchet up losses on risky credit derivatives British Land fuels derivatives growth Times Online Stress Testing At Major Banks, Brokers And Dealers Forbes CIBC not commenting on arbitrator's hedge-fund decision costing US$3.6M CP German Business Confidence Falls for First Month in Three BL Fears rise over property bubble People’s Daily Japan: Would Diminished Liquidity Pop the Mini-bubble? Morgan S China becomes World No. 1 cellphone producer CS China's steel price keeps increasing at the beginning of 2005 PD Stats Auto sales nosedive as output increases CS More Western execs jump ship for Indian IT companies WSJ Is there a retail loan bubble? Rediff Bond sales hit record in Q4 Globe & Mail FSA calls on banks to fight cash card crime Japan Times Weak dollar trims Cadbury profits BBC China Aviation Oil sued by second big creditor FT (R) Lawyers face multi-million rand fraud charges IOL US denies plotting to kill Chavez BBC Bush leans on Putin. Will he budge? CS Monitor Farm food fight looms over Cuba AP
Tuesday February 22 Oil, Dollar Moves Slam Stocks TheStreet Dow posts biggest loss in 21 months CBSM 29 in the Red ~ Oil tops $51 “The likes of Thailand, Taiwan and smaller, medium-sized central banks may follow suit” Bloomberg The Asian Monetary Fund Rears Its Head Again Auerback New funds for playing the dollar CBSM Oil Jumps to $50 a Barrel as Cold Boosts Heating-Fuel Demand BL Oil Could Slip Up Stock Gains WSJ Consumer Confidence in U.S. Drops to 104 BL Conference Board Bears Maul Futures CBSM Dollar Declines on Report Korea to Diversify Currency Reserves BL Europe gold hits seven-week peak on surging euro Reuters Dollar Downtrend Still in Place Black Swan PDF Crude Jumps BL Inflation Hikes Due To Weak Dollar - LBs DJ Soros: Oil exporters' shift to euros hurts dollar Reuters Economic Growth Expected to Dip in 2005 AP NABE Profit warnings mount Globe & Mail First Call (Weekly) More than 2-and-a-half companies have warned for every one that raised its outlook. That ratio is well above the historical average of 2.0 and the fourth-quarter ratio of 1.8. Near-Term Outlook Moves to a More Ominous "Red Alert" Gillespie The Decoy of the Falling Dollar Taylor/Fekete Why the Long Bond Might Just Keep Getting Stronger & Stronger The Secular Trend Saville The Maestro Changes his Tune Paul Greenspan has become one of those central planners he once denounced Why did you change your mind, Mr. Greenspan? Baker Greenspan Sees Fervent Social Security Discord Berry Fed's Rate Boosts Backfire by Stimulating Economy, Lending bl Four Fed Hikes and a Funeral Financial Sense Pensions and Japanese help to explain the 'conundrum' TOnline Chart Pension funds, nursing wounds, move out of stocks NYT A half-century ago, pension funds generally invested as safely as they could; nearly all their money was in low-risk bonds and bond-backed instruments...By the end of the 20th century, all-bond strategies were a dim memory, and a typical pension fund had about two-thirds of its assets in stocks and one-third in bonds. Swindler Again Selling Real Estate Courant Bear Funds Lick Chops TheStreet In unusual move, GM slashes sticker prices on SUVs USAT US investor seeks to block MCI sale to Verizon: report AFP Winn-Dixie seeks bankruptcy AP Home Depot Posts Jump in Its 4Q Profit AP TWX: making options available to all 80,000 would be ''prohibitively expensive” C Prison Time for Former Boeing CFO CFO Cancerous Clump NYP (Byron) Blockbuster sued over late fees CNN Howard Stern guest gets SEC subpoena CNN U.S. firm details data breach AP Courts and Torts: Touching on Intangibles CFO Pension Consultant Conflicts Sap Your Retirement Bloomberg “Recently we found a consultant who was earning approximately $4 million from the money managers he recommended to a $2 billion pension fund, which thought it was paying the consultant $300,000 for objective advice.” US$6b fund to back ailing stock markets TheStandard China will create a $6B investment fund to support its moribund stock markets, using public funds for the first time... China allows banks to establish mutual funds FT China's January Consumer Prices Rise 1.9%, Smallest Gain in a Year BL BOJ's Mizuno: CPI won't tie hands on policy--paper Reuters Euro keeps damper on Germany IHT Little Christmas Cheer for CDN Retailers CIBC Dollar Hits 22-Year Low Vs NZ Dollar Reuters Breakup of Yukos hits output in Russia IHT (NYT) Caribbean bank eyed in Portus probe Globe & Mail Investors bet big on equity fund IPOs The Telegraph (India) Ericsson to Lay Off 393 Workers in Sweden AP Second suicide in Seibu scandal Asahi Dubai-based gold exchange aims to rank among world's top five Daily Star Arms to China threatens to derail Bush-Blair love train Australian Europeans Ask: Is Bush a Wolf in a Granny's Suit? Spiegel
Weekend Edition (Feb 19-21) The economic horrors facing central bankers Inde (King) An inside look at trades gone right and wrong MSN (Fleck) Survey: U.S. Gas Prices Down Slightly AP U.S. to Lead Gov. Debt Auctions This Week; Japan, Germany Plan Sales BL The market's conundrum CNN Privatization's desperate little secrets Farrell More than a technicality Brimelow Does Smith Barney's firing of its entire U.S. technical analysis team send a message? Why You Should Own Gold & Dollars Taylor Maund Gold May Rise BL Charting the Course of the Secular Bear Market G-E The Nation That Debt Built G-E Bretton Woods, Part Two Mauldin It Has Everything to do with ‘Finance,’ Mr. Chairman PBear (Noland) The other side of prosperity Auerback Contending Gold Perspectives Zeal When the Fed stops its neutral talking, we'll know the squeeze is about to be applied Independent Borrow and spend vs. export and stumble Norris Buyer’s Blues NYP Fund View: Consumers on the Ropes Reuters “This is one bubble that has yet to pop” Out of Steam Newsweek A dip in U.S. productivity provokes anxious questions. The biggest: does it signal the end of the global boom? Getting Rich: Stock Valuations Charting The Economy Unmasking That Pension Consultant NYT (Morgenson) Firms hold back on hiring LA Times Companies able to expand without adding employees U.S. Companies Bring Overseas Profits Home AP Merck's Vioxx May Be Sold Again, FDA Advisers Vote BL Feds Investigating Wal-Mart Settlement AP GM's $2 Billion Lifeline Still Won't Rescue Fiat BL Ex-Boeing director gets jail term BBC Exxon Mobil Passes GE As Most Valuable AP Spitzer probes World Jewish Congress Observer Shareholders Must Push To Stop Ridiculous Pay NYP Don't Show Us the Money Newsweek Why Wall Street is sitting out the Social Security wars Asia-Pacific: More of the Same? MS (Xie) The hurdles that unite Southeast Asian leaders Pesek China's Producer-Price Inflation Slows to 5.8 Percent BL Why China Won't Revalue The Yuan Forbes Foreign Investment in China Rose 10.7% in January BL ECB's Wellink Says European Inflation Is Under Control BL U.S. Watches As China Seduces Caribbean Guardian Bank breaker Observer 10-years after bringing Barings to its knees and being branded the world's first 'rogue trader', Nick Leeson warns that the financial services industry has yet to learn its lesson Few escaped unscathed from glittering class of 1995 The Week Ahead: Best Bond Bet CIBC PDF Dragon Storm TheAge The world's biggest consumer of iron ore is putting pressure on producers to uncork a supply bottleneck Tories accuse Brown of 'brazen cheating' to meet his golden rule Independent High exposure to housing could become a bubble: OBC chief India News FSA to assess banks' credit checks Japan Times FSA to discipline Meiji Yasuda Japan Times Beware the perils of a falling property market Sun Herald Last chance saloon for Lastminute.com? ThisisMoney Chancellor urged: sell gold to the Chinese Observer Chavez says US plans to kill him BBC
Greenspan And His Bubble Forbes
Friday February 18 Post-Bubble Pitfalls -- Yet Another Lesson from Japan MS (Roach) U.S. charges traders with foreign exchange fraud CFTC Consumer sentiment sinks in Feb., UMich says CBSM Producer Prices Rise 0.3%; Core Jumps 0.8% BL BLS - Treasurys slump We Shoulda Seen it Coming! Corrigan Bad Bets Against Bonds? Schaeffers Inflation-Deflation Tug Aden Barclays Opens Up a Pandora's Box of Derivatives Gilbert Dollar Heads for Biggest Weekly Decline in 2 Months on U.S. Rate Outlook BL Bullish XAU Could Indicate Higher Gold DJ Hedge Book Analysis GFMS What Keeps Greenspan Up at Night Comstock Fed chief sees home price bubble WT Greenspan Undermines Bush's Social Security Plan BL Mortgage giants' growth worries Fed AP Suggests Limits A Fannie-Freddie 'conspiracy'? Newsday A dose of pension reality Dallas News Reality adds $1.1 trillion (yes, trillion with a T) in off-balance-sheet pension liabilities and $900 billion in off-balance-sheet assets. Bush sees uphill fight Reuters The President acknowledged lack of support for his Social Security plan, but vows to keep fighting Congress curbs class-action suits BBC Bankruptcy Bill Advances WP The new money men Economist Investors have made a trillion-dollar bet that hedge funds will bring them rich returns. But will they? If a stock falls, blame the SEC Norris Too many investors are like students who think good grades reflect their brilliance and bad grades show unfair teachers. Why Intel's inventory troubles may cause widespread problems ITMJ Qwest plans new bid for MCI Reuters NY Times agrees to buy About.com Crain’s Merck May Consider Selling Vioxx Again Reuters Ballard's Power Drain Fool Smith Barney Lays Off Entire US Technical Analysis Team Dow Jones Microsoft recalls Xbox cords CNN WorldCom ex-CFO tells of pressure to hit numbers AP Conference Board suspends analyst CBSM 15 firms now face annuities inquiries Boston Globe NASD: American Funds Paid $100M in Kickbacks NYP Bally Faces Criminal Investigation CFO Compuware testimony against IBM begins Det FP AmEx Unit Accused of Defrauding Investors AP Florida Probes Tenet Hospital TheStreet Investor sues Cisco over execs' stock plans Mecury News In addition to criticizing the option plan as “exorbitant,'' the suit also contained an unusual allegation, that in 2003, Cisco's board knowingly granted stock options to executives one day before Cisco announced some good news. Pre-merger trading on P&G, Gillette raises flags MSN Auditors Rotating at a Dizzying Pace CFO The 2,514 changes over the past two years represents more than one-fourth of all U.S. publicly traded companies. Bad for business? Economist Business schools stand accused of being responsible for much that is wrong with corporate management today Deloitte: Talent Crisis Looms SmartPros Oil Prices May Increase Next Week as Demand Rises, Survey Finds BL Shell and Exxon Tap `High Cost' Oil Sands, Gas as Other Reserves Dwindle BL Copper Trades Near 16-Year High on China Demand, Weaker Dollar BL Inventory monitored by the LME has slid 87 percent since the start of last year to 55,800 tons. "Crazy For You" bears in straitjackets Seattle Times Are tulips next? SP China Industrial Output Rises 8.9%, Slowest in 3 Yrs BL China: Dealing with Too Much Money MS (Xie) Why your clothes are made in China Blodget France to Sell First 50-Year Bond From a G-7 Nation BL EU reopens trade row with US Times Online The renewed hostility will cast a shadow over a visit by President Bush to Brussels to repair transatlantic ties damaged by the Iraq war. Low bond returns baffle bankers CP Massive gap in pensions as public sector bill soars 20% Times Online The World Bank reconsiders its pension strategy Economist Australia's central bank chief warns of rate hikes, lower growth AFP Text Speculators out in force as mining minnows become the new dot.coms Inde "In the first quarter of last year, you could have floated a dead dog" Russia: So Much For The Oil Giants' Next Frontier BW Deutsche Bank Says Russia’s Yukos Lied to U.S. Court MosNews Portus probe may widen Globe & Mail Treasury's Role in Illicit Iraq Oil Sales Cited WP
Thursday February 17 Philadelphia Fed February Manufacturing Index Rises PFed The U.S. Leading Index Decreases in January Conference Board Initial Jobless drop by 2K BL Jan. import prices jump 0.9% CBSM Census Gold Rises in London as Dollar Slumps Against Euro for 4th Day BL Crude Oil Trades Near Three-Week High on Rising World Demand BL Conditionally Unconditional Pimco (McCulley) How Fragile is the U.S. Economy? Levy The Lukewarm 2004 Labor Market EPI The Coming Fiscal Deluge NCPA For now, the fight against deflation is over ECR Research It's all too weird, and I am all too scared Mogambo Guru Debt Trap Dynamics: Time To Think The Unthinkable PBear (Auerback) It's All About Perception Rostenko Even a bear likes a recovery Brimelow Out of Aces Daily Reckoning How US suffers when $ falls CS Monitor US$ Props & Pitfalls Willie Droke Greenspan's Conundrum CIBC Alan Feigns Confusion Over a No-brainer EP Soaring home values not necessarily good Pioneer Press The hottest housing market MSN This city was the hottest housing market last year, with prices rising 47%. But worries about a bubble persist. Some Housing Markets Are Grossly Overheated REstate Journal 8-figure home sales soar C Developer warns of condo glut PP (R) Invest Your IRA in Real Estate? Kiplinger Are Americans successful because they're nuts? Slate Consumer Electronics Sales Insights View From SV As high-tech exports drop, US warned it could lose competitive edge AFP Ethics training ordered by Citigroup executive R/BL Wal-Mart's 4th-Qtr Profit Rises to $3.16 Bln on Holiday Sales BL Pharma shares slide ahead of hearing Times Online Steelmakers dispute auto parts makers' report on prices PPG Founded in N.E., exported to China Boston Globe Is Cornerstone just giving back money? CBSM Ebbers' lawyer grills top witness over lies Seattle Times IPO For Banker Weisel NYP IPOs in 2005 raise record $8.4 billion USAT The New Raiders Business Week In all, hedge funds and their affiliates have announced deals for at least 23 companies, valued at about $30 billion, in the past year. Capital Ideas: Cashing in on Currency CFO Where Did All the Long Bonds Go? BW Bush May Raise Taxes for Social Security Reuters Mankiw resigns as White House CEA chairman Reuters Summers' Harvard Vote Fails to Get Rubin Response Bloomberg US warned of east-west oil bidding war NYT (FT) Dent Still Sees Boom 9news China emerges as global consumer BBC China has overtaken the US in the consumption of basic agricultural and industrial goods, a survey has found. Germany and Japan—shrinking giants Economist Japan's central bank vows to keep stimulus policy as economy slumps AFP Sakakibara Says Japan Shouldn't Halt Yen Gain to 95 Per Dollar BL Brazil Raises Benchmark Lending Rate to 18.75 Percent BL The global counterfeit business is out of control Business Week Brussels warns Brown over budget deficit Guardian Swiss must repay £244m of dictator’s dirty money Times Online It sounds ike the ultimate Nigerian scam letter — only this time, it is genuine Regulators extend Portus suspension to at least 3 months Globe & Mail Mafia told Desmond: we'll kill you over porn deal Guardian Chávez Stepping Out of Bounds CS Monitor
Fund managers poll CNN February's cash level is near the record low of 3.5 percent logged in December 2003, showing that fund managers are near to being fully invested in the market.
Wednesday February 16 U.S. January Industrial Production Unchanged; Plant Use 79% BL Iran blast report shocks world market - Iran to aid Syria against threats BBC Research Quarterly - February 2005 Bond Market Association Asset-backed securities issuance increased 53.2 percent, to a record $896.6 billion, up from the $585.1 billion issued during the previous year. Plane registered to Circuit City crashes CBSM Testimony of Chairman Alan Greenspan FED History cautions that people experiencing long periods of relative stability are prone to excess. Treasury Notes Fall -- Greenspan: Interest Rates Are `Fairly Low' $ Gains Versus Yen, Euro After Greenspan BL Oil Prices Fall on U.S. Inventory Report AP DOE Oil Demand to Rise More Than Expected in 2005, OPEC Says BL Greenspan, Iran weigh on stocks CNN “Witnesses claim Wednesday's blast was the result of a missile fired from a plane seen overhead.” CNNs Housing Starts in U.S. Unexpectedly Increase 4.7 Percent to 21-Year High BL Mortgage Applications Fell Last Week Reuters Many analysts now expecting tougher talk from Fed chief CBSM Consumer Watch U.S. - The End of Home-Made Savings CIBC PDF Median PV home price: $1 million Arizona Republic The figure is a milestone in metropolitan Phoenix's housing market, marking the first time the median resale home price in any city has exceeded $1 million, The Three Faces of Inflation Puplava Will There Be a "Public" Stock-Market Capitulation Gillespie A Simple Explanation for Bond-Market Exuberance Gilbert Cinderella markets Economist If ever there was a time to shun glamour and look for inner beauty, this is it Bubbles and Crashes Princeton Powerpoint PC shipment growth may slow in 2005 CNet Dolby's IPO: Are the Numbers Distorted? Business Week Circuit City to Close 19 Stores Reuters Ford courts students and grads with $500 cash bonus Reuters Kicking the Stock-Options Habit Business Week The Deferred-Revenue Dilemma CFO Three More Plead Guilty in Insurance Probe TheStreet Accord Limits I.P.O. Liability of 300 Start-Ups NYT Hedged mutual funds offer defense strategy Chicago Sun Times The Psychology of Gold and Silver Texas Hedge Gold Turns Out to be Someone’s Liability After All Wood UK fund manager sees golden future TheAge Europe gold drifts lower, market eyes Greenspan Reuters 'Dogs Playing Poker' sell for $590K CNN Japan Falls Into Recession as 4th-Qtr GDP Shrinks Bloomberg Yen Falls After Report Shows Japan's Economy Entered Recession BL Liquidity quandary for BOJ Asahi Japan to Halt Yen Gain Should China Revalue, MOF Says BL Chinese Rooster Year Outlook, Part 2 Bullnotbull China and the Final War for Resources Axis of Logic Will rise in yuan spell more yen sales? IHT (BL) ECB worry as Italy and Germany fall back Times Online Moody's cuts Philippines sovereign rating by two notches AFP Brazil to Ask for WTO Investigation of U.S. Soybean Farming Subsidies BL Venezuela Agency Closes Coke Operations AP Fake document led to Citigroup sacking FT (R) Financial Times cuts 30 staff to reduce costs FT Electrolux could pull plug on 27 western factories Guardian
Dollar Weakens As Japanese Continue To Dump Treasuries Daily FX
Tuesday February 15 U.S. capital flows fall sharply in Dec. CBSM US Treasury January Retail Sales Fall 0.3%; Ex-Autos Rise 0.6% BL Census Sears Restates Fourth Quarter Earnings AP E*Trade Cuts Fees on Most Accounts Reuters Close Your Eyes Morgan Stanley (Roach) Swelling U.S. twin deficits Asahi Weak dollar lets foreigners grab U.S. firms IHT (Boston Globe) What we owe keeps growing DiMartino U.S. households are vulnerable to any bump in the road Markets await word from man with hand on interest rate tiller FT Some Fed policymakers suspect its reassuring guidance may have encouraged excessive risk-taking in financial markets as well as some housing-market excess. Greenspan to Admonish Congress, Not Consumers, on Need to Save BL It's Not a Good Time for New Greenspan MacGuffin Baum Dollar Near 1-Week Low; Demand for U.S. Assets May Have Eased BL Are Central Banks Buying Fewer Dollars? Kitco Casey Nasdaq's relative weakness bearish? Hulbert This is What REAL Credit Growth Looks Like FallST (EW) How to Avoid Hedge Fund `Accident' With Diligence Bloomberg Employers using hedge funds to oversee pension assets AR Interest-Rate Squeeze Puts Bond Managers on Spot Currier Sales Data Fuels Case for Slowing Housing Market LA Business Journal Bush Wants $82B More for Iraq, Afghan Costs Reuters Bush's Budget Means Cutting Only Peanut Butter Bloomberg How Housing Helped Bush Weekly Standard (R) Bush has presided over the largest increase in American home values of any president during the modern era--but potential dangers await as he begins his second term. Region joins housing bubble WT Medicaid is devouring Federal, State Budgets NCPA Buffett's Berkshire Hathaway Doubles Comcast Stake, Trims Holding of Nike BL Regency, Macquarie CountryWide to Buy Malls for $2.74B From Calpers BL Circuit City Gets $3.25B Buyout Offer AP Verizon CFO: 7,000 Layoffs After MCI Merger Dow Jones Is Southwest Headed South? Schaeffers United offered debt financing worth $2.5bn FT Pentagon to probe 8 more Air Force deals Reuters J.P. Morgan pays $2.1M settlement Reuters SEC's Bear Stearns Probe Deepens TheStreet AIG sustains barrage of subpoenas Telegraph OfficeMax CEO Resigns; 2 Employees Fired AP Study Links Painkillers to Heart Risk AP Drug sales in the US head for stagnation Times Online Painkiller Use Falls After Vioxx Withdrawn AP The Insider: 'I think we're going to blow by Sony with our next box' Seattle PI AMD slashes processor prices Register Chocolate industry criticized for inaction on child labor AP NYSE Puts Late Filers on Notice CFO IMF gold sale plan need not depress market price FT IMF gold sale unlikely MS The December peak in gold should not be exceeded EW What's the top performing stock over the last 25 years? CBSM World funds are latest bubbly bet Detroit FP “We're seeing signs of a possible mania” A Slow Boat to Yuan Devaluation Business Week Yuan-dollar peg and its discontents ABS-CBN Banking sector needs a little control Bangkok Post People are growing increasingly worried about the effects of China's dysfunctional financial system Welcome to the Chinese century? Not so fast Pesek Global outlook: No risks, no gains Asia Times Change will be painful for everyone, so it remains easier to push the day of reckoning further into the future... European Growth Unexpectedly Slows, German Economy Shrinks BL UK buy-to-let boom 'losing steam' BBC Mortgage fees jump by 40% Times Online Luxury car sales in China slow sharply in 2004 China Daily China shuts down 10,000 Internet bars in 2004 Xinhua Nonresidents buy record 15 trillion yen in stocks, bonds Japan Times BOJ's English Web site popular Japan Times Overseas analysts apparently watch every effort made by the BOJ to lift the nation out of its prolonged period of deflation. Argentines warm to bond swap FT Mexico City suburb enjoys major housing boom AP Portus has hedge funds uneasy Globe & Mail "There's a real concern that these guys are going to leave a smell on the Canadian alternative investment industry”
Monday February 14 Economists raise 2005 U.S. GDP forecast Reuters Philly Fed Debt and Money Zoom Higher Wall Street Examiner Nothing from nothing Farrell We're a zero-saver nation full of excuses, unwilling to give up lattes Europe gold, silver move higher as dollar slides Reuters Rampant consumer spending can't continue, analyst warns DiMartino Stocks that rely on consumers' ability to increase their spending should be avoided like the plague. Bad Finance Hussman Various late 90's valuation models that properly vanished during the 2000-2002 plunge are being pulled out of the dirt like artifacts from an archaeological dig. Stepping aside from the investment markets! AME (Faber) U.S. Stocks May Falter as 2005 Profit Outlook Fails to Improve BL Pensions' hole could be deeper than thought UPS Accounting may underestimate what is owed to future retirees That jobs report was no reason to celebrate MSN (Fleck) Beware the bear Warsaw BJ The American economy and Say’s Law Brookesnews Look Both Ways: Irrational Gloom? CFO The current rush toward investment in safe-haven Treasury securities may not have a rational basis. Banc of America cuts bond weighting to zero CBSM Worrying price trends Dawn Verizon to buy MCI for $6.7 billion CBSM Wheaton River shareholders back Goldcorp takeover Reuters Carly may get $42 million CNN AIG Gets Subpoenas From Spitzer, SEC AP 4 funds that scream 'dump me!' MSN Settlements hit record in U.S. securities suits IHT (NYT) 'Toothless’ Feds May Dump Next Martha Stock Case NYP Commodities get new spin Chicago Tribune Oil bulls shrug off winter discontent Brimelow Control all 'tyrannical' world oil chokepoints? 321 IMF gold sales - Why it will be a non-event Mineweb China's Big Export Time When it comes to spying, Beijing likes to flood the zone Yen Gains After Japan's Current Account Surplus Widens BL The economic news you may have missed Independent India and China battle over Russian oil Telegraph First signs of growing stock bubble Indian Express Growth story or ghost story? Pesek Australian Home owners taking on more risk News Africans' new motto: 'Charge it' CS Monitor A half-million new credit cards may be issued this year in Kenya. Only 100,000 people currently hold cards. Volkswagen's Profit Falls 29 Percent on Lower Sales in China, U.S. Losses BL U.S. Said to Pay Iraq Contractors in Cash AP Buy stock in Iraq? Not yet CS Monitor
Weekend Edition (Feb 12-13) 'Love Stocks' in Wall Street Spotlight AP The Week Ahead: Measured Words CIBC All eyes on Greenspan CNN Greenspan calibrates the dollar Reuters Greenspan's Whopper Bonner US woes threaten global economy Business Times Why The U.S. Budget Deficit Matters BCAR Home equity loans rise sharply NJ U.S. debt: Watch out for the domino effect IHT Blame it on Demographics Mauldin More from Mr. Otmar Issing PBear (Noland) US Stocks in Euros Zeal New Uptrend for Gold Maund Watch for Squeezing Prices Schaeffers Corporate Profits vs. GDP Northern Trust Giving Away Lots of Money Is Easy, Right? Morgenson Medtronic Warns of Defibrillator Problem AP Citigroup's Krawcheck Says European Bond-Trade Fallout May Cut Profit BL Citi To Layoff 1,000 Overall NYP Stun Gun Stock Are Jolted NYP GM, Fiat reach $2 billion settlement CBSM Qwest Raises Bid for MCI to More Than $7 Billion, Tops Verizon, People Say BL How Wall Street blurs lines between brokers and advisers CBSM Gridlock on India's New Paths to Prosperity NYT Indian outsourcing business hits a bumpy road IHT World focus: China AZCentral China to maintain 'basically stable' yuan rate in 2005 AFP Yukos sues for more than $20B over Ch 11 stay CBSM Spotlight: Bank's president arrives in time of crisis IHT Ontario Regulator Imposes Trading Ban on Portus Hedge Fund BL Up to 70% interest - credit card aimed at the poor Guardian Uniq pension deters suitors Guardian Oil-for-Food Head Said to Block Audit AP
Friday February 11 Trusting investors lulled by a sea of complacency Australian Markets are behaving as if they believe central banks have discovered how to deliver permanently low inflation and sustained economic growth. No Rest Yet for the Fed WSJ CNBC Redefines the Word "Sacrifice" Euro Pacific Public Participation Comstock Fed Officials Don't See China Dropping Peg Soon Berry Americans Still Consuming Too Much and Rest of World Still Consuming Too Little Global Insight Just Like Old Times as Joe Granville Yells `Sell' Bloomberg Chico leads housing bubble list ACBJ National City PDF Low mortgage rates make time right for refinancing Arizona Republic As deficits soar, why cut taxes? Norris Hedge funds success may not be all it seems -study Reuters PC Juggernaut Dell Bearish on 2005 Outlook AP Krispy Kreme Shares Plummet on Worries AP Ebay says Web search key word pricing "bubble-like" Reuters Senate votes to limit class action lawsuits AP U.S. Firms Losing Health Care Battle, GM Chairman Says WP State hits Citizens unit over annuities Boston Globe Audit Fees Double Due to Sarbox CFO Donaldson may bend a little on Sarbanes-Oxley FT I was no insider dealer, Soros says Times Online “Not Free, Not Fair” An Update on the Gold Cartel Embry Gold Into Capitulation Mode 321 Lawmakers Oppose Sale of IMF Gold Stocks Reuters China's Choice Morgan Stanley (Roach) One third of China's private business people are Communist Party members AFP Global Stocks And Bonds Are De-Coupled BCA Research Ghosts of 1997 Haunting Bangkok These Days Pesek Russia bars foreign-owned firms from key assets FT IMF cuts forecast for German growth this year to 1.0-1.5 pct AFP Growth of Russian oil supply slowing, IEA reports Times Online The rise and rise of the sharemarket tipsters Courier Mail Argentine Congress Bans Gov. From Improving Debt Restructuring Offer BL Unilever: The Anglo-Dutch giant is in bad shape Economist
Thursday February 10 Top Line Dents Dell TheStreet Trade Gap Shrinks BL Census - All-Time High of $617.7 Billion in 2004 AP Dollar Advances Against the Euro and Yen After U.S. Trade Deficit Narrows BL Jobless claims fall to 4-year low CBSM Crude Oil Gains as IEA Says Demand Rising Faster Than Expected BL IEA Dollar Near 2-Month High Against Yen Before U.S. Deficit Report BL Dollar May Fall on Expectations Report to Renew Deficit Concern BL No easy fix for trade gap Dallas Morning News The US & the World Economy: Foreign Economic Policy for the Next Decade IIE Will the Bretton Woods 2 Regime Unravel Soon? Roubini PDF The Risk of a Hard Landing in 2005-2006 Where is the dollar heading? DB Research Should we be so bold as to start considering an alternative to the existing global exchange rate system? Will the economic recovery continue to roll in 2005? No. Daily Herald Defined Benefit Pension Plans' Interest Rate Exposure at Record High Pimco Factors Influencing Long Term Yields Northern Trust PDF Thirst for short-dated Treasuries still unslaked following $15bn sale FT Of Topsy-Turvy Yields and Curves Morgan Stanley Decoding The Yield Curve Yardeni PDF Smart Investors Go Against Herd Fox The Big Loser Faber The times are out of whack Russell Fools Parade 1 2 Fiendbear Minimum credit card payments rising Boston Herald Move follows growing concerns about the amount Americans are borrowing World in a property bubble BRW Magazine Economist: Bay Area real estate slowing AP New magazine targets luxury real estate buffs TownOnline Downtown home sales heated Chicago Tribune Beware the Budget Ratchet CATO Proposed Social Security price indexing would slash benefits EPI Gold Bullies Systematically Wringing Gold Market Goldenbar Newmont opposes IMF gold sale plan FT Networking Nightmare Schaeffers Bundesbank warns over Citigroup case FT Wall Street's affection for Fiorina vanished Norris BBC CEO slashed thousands of jobs but lost her own AP Fiorina, who touts The Art of War by the ancient Chinese general Sun Tzu as her favorite book, wasn’t afraid to blame individuals or declare enemies. SEC Official Rebuts Fannie Mae WP Restatements May Take a Year FT Wal-Mart to close store that's about to unionize AP Sara Lee Names New CEO; to Divest Units AP Are eBay and Amazon swimming naked? CNN Pfizer staff fear 10,000 job losses Guardian Playtex to cut 20 percent of staff: company to ship some work to Malaysia AP Cash crunch could fell Krispy Kreme CBSM GM Recalling Over 193,000 Vehicles Reuters American tosses pillows off most domestic flights USAT Scrushy scoffs at SEC Reuters Elan to Pay $15 Mln to Settle SEC Charges AP Ex-Handleman official accepts $25,000 fine Bloomberg SEC Examining Possible Revisions to Law AP SEC Moves Raise Questions It's Going Soft AP SEC Report Faults Nasdaq Oversight TheStreet Woman's claim that Merrill caused her to overspend denied AP A Cruel, Cold January for Funds Business Week The $2.4 Million Question: What is the ROI for Super Bowl Ads? Wharton What GDP figures don't say Pesek China: The Show Goes On Morgan Stanley (Xie) Canada looks to retaliate against U.S. on softwood, B.C. backs move CP Floats: Fire in the pit BRW More companies are lining up to list than at the peak of the tech bubble Bad news for household goods Asahi New manufacturing job cuts feared BBC Is the share boom a load of bull? This is Money Prime Minister was ready to resign after currency crisis Times Online Golden days are over on Brazil's soyabean frontier FT "Brazil's agro-business is in flux . .. we are victims of a crisis of abundance" Russia Says It's Ready to Arm Saudi Arabia Moscow Times Yukos Lawyer's Wife Detained at Airport After Drug Tip-Off Moscow Times
Wednesday February 9 Fed's Guynn: 'Measured' may soon go Reuters Treasury 10-Year Yield Drops Below 4 Percent for First Time Since October BL Dollar Rally Stalls as Trade Data Looms AP High yield or high risk? Hulbert There's a connection between the bankruptcy rate and new issues of high-yield bonds. Fitch warns of US rates jump threat FT Biggest U.S. pension fund warns on private equity Reuters The booming U.S. private equity market could be heading for a crash as interest rates rise and hedge funds, desperately seeking higher returns, pour money into the sector Greenspan Not Really Optimistic on Account Gap Berry Citigroup Now Supports Super Cycle Thesis AIR Dealing with runaway oil prices Asia Times Mortgage Applications Increase Last Week Reuters Real estate appraisal laws lack teeth, funds Inman Appraisal inflation: Real estate's dirty little secret Snow urges quick action on Social Security Reuters WHouse balks at submitting Social Security plan Reuters Don't count on Social Security CBSM Bush's Social Security Plan Assumes Much From Stocks W Should Tax Dollars Fund Bush's Bubble? WP Democrats vow fight to protect Amtrak funding AP Poll: Tap wealthy on Social Security USAT Citigroup Mustn't Make Scapegoats of Bond Traders Gilbert Warren Buffett and Bill Gates do Not a Mania Make Euro P Soft Sales Sack Cisco TheStreet Chambers Forecasts Slowest Sales Gain in Six Quarters BL Hewlett-Packard's Fiorina Ousted Over `Differences' With Board on Strategy BL Krispy Kreme to cut 25% of workers AP Sells Corporate Jet ACBJ Pfizer Says It Is Weighing Job Cuts as It Faces Patent Losses on Key Drugs BL Ex-HealthSouth Exec Tells of Secret Tapes AP Marketers of Splenda Sue Over Campaign AP Debt-Rating Firms Resist Prospect of More Supervision WP Crunch time for Sarbanes-Oxley FT The big four accounting firms Deloitte, Ernst & Young, KPMG and PwC suggest about 10 per cent of companies will reveal serious difficulties. Insider Buying Falls to 12-Year Low CFO Corporate executives and directors are bearish on their own companies' stock. Pension funds 'eyeing commodity investments' Times Online VXO Hits Nine-Year Low Schaeffers New uses for gold could raise industrial demand by 50% in a decade Business R Beware The Rooster AIR On The Economy -- The Giant Entangled IW Being a world leader takes more than simply having lots of people. China-US trade ties to enter an eventful period, Expert People’s Daily Japan’s Economy: Struggling To Bottom BCA Research ECB's Liebscher Sees No Need to Raise Rates BL MP queries undisclosed ending of FSA inquiry Times Online Prospectuses that float on a sea of secrecy Times Online The Financial Services Authority should be renamed the Financial Secrecy Authority for its Kremlin-like contempt for the rights of ordinary investors. Man Group apologises to Eurex chief FT Toronto-Dominion Eying Stelco Assets - Report Reuters Iraq to earn millions from $5 bln Fed deposit-Taylor Reuters
Tuesday February 8 Consumers less confident in U.S. economy - report Reuters WorldCom Needed Two Sets of Books Under Ebbers, E-Mail Shows BL Gold Trades Near 16-Week Low on IMF Bullion Sales Concern, Stronger$ BL Dollar Gains; Bies Says U.S. Attracting `Tremendous Amount' of Investment BL Crude falls below $45 per barrel CBSM Itâ€s Not About Investing Anymore Cross Currents Aging, the World Economy and the Coming Generational Storm NCPA PDF How Wall Street Learns to Look the Other Way NYT (Shiller - R) "The Lull Before The Storm" Puplava The Next Mania in Investing Might Be Income Fever BL Tracking Consumer Spending May Knock Economists Off Track NBR Transcript Will consumers finally take a break from shopping this year? That`s what many computer models are projecting... Schaeffer on Charts: Bad Medicine Schaeffers The cloud in the silver lining Hulbert The stock market's initial reaction to Friday's unemployment news was revealing -- and potentially disturbing Congress unlikely to embrace Bush wish list WP Fiscal Projections Questioned on Capitol Hill, Wall St. BL Budget tight, deficit high CSM Spearing The Beast Krugman White House: Social Security plan will expand deficits R Roots of Social Security found in Great Depression Scripps Math comes up short in Bush's plan to cut deficit IHT (NYT) Last year, Bush called for cutting or eliminating 65 programs, for a total projected savings of $4.8 billion. But Congress agreed to eliminate only four of those programs, for a savings of less than $200 million. The era of big government is back LA Times The Deficit Is in the Details NYT Many people who follow budgets closely doubt much deficit reduction is in the offing. Dealing with a Declining Dollar – Part I YaleGlobal High-yield bond prices lower FT The weak start could be a warning sign to investors...this was only the third time in the index's 19-year history that the market fell in the first month. EDS stock sinks on '05 forecast  Reuters Job Cuts, Outsourcing in Store at Playtex Reuters Federated Fueled Trial Balloon To May With Journal Hot Air NYP W.House Questions Fannie, Freddie Value Reuters W.R. Grace, Execs Charged With Asbestos Conspiracy at Montana Mine BL Glamis raises takeover bid for Goldcorp CBC Ex-Enron CFO settles with SEC for $500K AP Citigroup trades spark call for EU regulation FT SEC Issues Formal Probe Order to Buca AP Sullivan links Ebbers to WorldCom fraud Independent Beware Blowhards Forbes CNBC Change NYP In 2004, CNBC's total viewers during the daytime slipped 21 percent Gates draws on doodles mix-up to liven up speech Seattle PI Digital guru floats sub-$100 PC BBC Plot to cash in stolen nickels unravels when Florida store reports big deposit CP Man fined for assaulting manager with Egg McMuffin AP The Most Important Driver of Gold & Commodity Prices FSU Moneyization, Part 7 Schmidt German opposition raises spectre of 1930s FT Unemployment is rampant; anger is growing among the poor; and the young democratic institutions, freshly settled in a new capital, are beginning to crumble Germans seek to overhaul state job pay IHT Asian stock index sets 7-year high; greenback rises Reuters Grim outlook for Chinese stockmarkets in Year of the Rooster AFP China's growth enigma Business Line Coal prices leap as power producers agree to pay over the limit Standard China `Comfortable' on Rates, Preparing to Loosen Peg BL Dollar Rises Versus Yen; China's Zhou Says Yuan Not Undervalued BL ADollar down on $US strength Herald Sun C$ closes below 80 cents US for 1st time since Oct as greenback revives CP Monthly Indicators: Trust in Lower Rates CIBC PDF Breaking out of the US wedge RBC PDF Russian assets whet investors' appetites, again IHT (Reuters) Housing bubble still floating RNZ Some Chinese Internet investors have had a rough year CBSM The Dubai economic miracle, can it last? AME 20 years after Plaza deal Asahi More retail gloom as BRC reports minimal January sales growth Guardian T-Mobile to cut 800 jobs across UK Guardian Yukos drops US case against five banks FT Yukos Shipper Says Default Is Looming Moscow Times Kenya: Cry foreign investors Financial Standard Bank employees arrested for siphoning off customers's funds Jakarta Post
Monday February 7 Consumer credit increased 4-1/2 percent in 2004 FED Confession Time Morgan Stanley (Roach) Bush Seeks $2.57 Trillion U.S. Budget to Slow Spending Growth, Cut Deficit BL Gold Seen Pressured by IMF Sales Study Reuters Currency Currents BS PDF Useless Risk Hussman Denial sets tech investors up for a fall MSN (Fleck) Too many investors aren't facing facts: There's too much capacity in chips, computers and related hardware for the current demand. That spells trouble. Granville sees doom for Dow NY Daily News Bad data was good for stocks, but not for long CBSM Special Report: Dealing With The Dollar LA Business Journal Greenspan's Delphic message on US deficit Independent (King) Gas Could Be Costly for Summer Motorists AP Strong hints of a bearish market year Democrat and Chronicle Trim Deficit? Only if Bush Uses Magic NYT The American economy: is the current account deficit a problem? Jackson Cheney Says U.S. Can Afford Borrowing for Private Social Security Accounts BL Social Insecurity NYP (Byron) Who will be standing guard to see that the coffers of capitalism — suddenly swelling with the nation's retirement nest eggs — don't morph overnight into a ringing dinner bell for every white-collar criminal on earth? The United States as an Indebted Empire AEI Book: Colossus Amazon Deflation is On Its Way! Taylor Group of appraisers working to keep the profession honest DallasMN Appraisers are to the current real estate bubble as stock analysts were to the tech bubble: In each case, some pump up prices for their own gain, in opposition to all logic and sense. Exporting America: An Interview With Dobbs MotherJ Book: Exporting America A New Inquiry Into Big Board Specialists NYT The Drexel Diaspora NYT Today, almost exactly 15 years after the firm's demise, many employees swept up in the Drexel diaspora have risen to prominent positions on Wall Street. Bush Considers Limiting Fannie Mae, Freddie Mac Assets Dow Jones Nicolaisen to Testify on Fannie Mae Restatement WepCPA EBay cuts fees to appease customers FT Intel to be warned on `unfair' practice Asahi Suspected of giving rebates to buyers of its central processing units (CPU) on condition that the manufacturers refrain from purchasing products of Intel rivals. IBM, Sony, Toshiba to reveal ‘superbrain chip’ FT GM Gives Pontiac Bonneville the Ax AP Merck had early Vioxx warning? Reuters Goldman Sachs Leads Fastest M&A Start Since 2000; Merrill, UBS Surge BL Great Depression: defending capitalism against anti-market myths, part II Jack Investment expert Peter Bernstein dispenses hard truths CBSM Fox News declares war on CNBC CBSM Pats win, bulls lose? CNN Tomato crisis has Florida consumers seeing red AFP Flood of spam anticipated WP Thailand Is Turning Japanese; a Good Thing? Pesek Will the Indian Tortoise Catch the Chinese Hare? Reuters EU pledges not to impose quotas on Chinese textile imports AFP Yue Yuen Shows Revaluation Limit AFP Will a revaluation of the Chinese currency help reduce America's bloated trade deficit with China? A closer look at the world's biggest sneaker maker’s cost and pricing pressures show why that's probably wishful thinking. Australia's central bank warns of early rates hike AFP Retail Sales in Europe Drop for Fifth Month in Six, Denting Recovery Hopes BL EMI Lowers Annual Revenue Forecast as Music Sales Miss BL State bank heads get earful on 'vile' fraud Standard
Dollar May Gain a 4th Week on Easing Deficit Concerns BL U.S. Notes Set to Extend Rally After Weak Jobs Report BL
Friday February 4 Source: OPEC Won't Cut Until $37 Mark AP G7 Aid Proposal for Africa in Jeopardy as U.S. Says No Reuters RBC Commodities: IMF Gold Sales in Perspective RBC PDF Gold futures edge lower for a second day CBSM Economy Adds 146K Jobs, Less Than Forecast; Jobless Rate Declines BL BLS Greenspan: `Market Pressures' May Cut Current Account Gap BL Speech Text “The voice of fiscal restraint, barely audible a year ago, has at least partially regained volume.” Dollar Poised for Longest Weekly Winning Streak Since April BL Falling dollar hasn't landed yet AP Pressure, Speculation Rise on China's Currency Stand LA Times Summit expected to be anticlimactic CBSM As Goes January...? Comstock Don't Confuse Brains With A Bull Market Gold-Eagle Take your damn shoes off! Shoes off! Mogambo Guru The Fed's Trip to Neutrality Could Use a Roadmap Baum Billion Dollar Babies Economist A flurry of big acquisitions and better-than-expected corporate profits has heartened a dubious stockmarket recently. Don’t break out the champagne yet The rise of the superbrands Economist Trade deficit Star Tribune (R) Trade numbers for December will come out next Thursday, and if they are anything like November's, watch out. Hedge fund failures are on the horizon Advertiser Sizing Up Social Security PIMCO (Gross) Participants Would Lose Some Profits From Accounts WP Participants get 100% of Their Personal Retirement Accounts Drudge The White House is seeking a correction from the Washington Post. Privatizers can't explain away their Catch-22 NYT (Krugman) 2018 CEPR Hevesi's Bond Study Shows What Wall Street Does Bloomberg Condo Fever Turns Buyers Into Early Birds NYT U.S. consumer spending to slow in February-report Reuters Fannie, Freddie regulator seeks power to close companies CBSM New Sears Holding Company to Be Junk-Rated AP Toyota U.S. Unit Finds Accounting Errors CFO Halliburton exempt from Army withholding Reuters Citigroup faces 30-day trading suspension over bond debacle Times Online Trichet calls for 'thorough' Citigroup inquiry FT New Evidence: Enron Scams Began Years Ago AP Bennett indicted on HealthSouth fraud FT Nortel Sues Ex-Chief TheStreet Colorado sues hedge fund execs Rocky MN State says two managers hid loans, lied about returns BofA awards Lewis 500,000 stock options Charlotte Observer Merrill's O'Neal Got Pay Increase and Then Some BL Thinking Like Warren Buffett Business Week Billionaire Buffett Honored for Writing AP NASDAQ NM Threshold Securities Listed But Hundreds 'Missing In Action' CBS Big mining and its increasingly radical opponents Economist The Alchemist Rude Awakening What would you say if we told you two Russian physicists had figured out how to manufacture gold at a cost of $200 an ounce? Forget the Euro. 2005 Is the Year of the Yen Pesek Chinese Rooster Year Outlook, Part 1 Bullnotbull Property markets soft Australian Hugo's Folly Forbes Simmons: "I'm just hoping that Chavez doesn't realize what an unbelievable whip he has on the energy policy of the U.S.” China to end govt bailout for bankrupt SOEs People’s Daily CAO survival plans threatened FT Huadian shares surge 79% in Shanghai debut IHT (BL) China did not fund Rosneft's purchase of Yuganskneftegaz People’s Daily China adds to confusion around sale of Yukos unit IHT (NYT) Growth in profit slows at textile companies TheStandard India's deficit, debt impeding rapid growth: IMF AFP Loonie losing its lustre: Gross Globe & Mail One-man pension scheme that doesn't add up Times Online Credit card calculations 'unfair for consumers' Guardian Hyundai Motor 4th-Qtr Profit Unexpectedly Falls 21% Bloomberg Vinci Airports Sells Stake in Beijing Airport for $544 Million Bloomberg Americans sweet on Mexican real estate Bankrate China issues gold newspaper BBC
Forex mkt focused on current account in Q4 -NY Fed Reuters Monetary Authorities Did Not Intervene In FX Market During the 4Q04 NYF
Thursday February 3 Dollar rallies to multi-week highs ~ COMEX gold ends at 3-1/2-month low U.S. stocks to open lower; Amazon down 16% on Q4 miss CBSM US service surge slowing down RTE ISM Productivity - Significant Deceleration Underway NT PDF Productivity Increases at 0.8% Rate, Slowest in 4 Years BL BLS - T’s Fall U.S. initial jobless claims fall to 316,000 CBSM Gold slips on possible central bank selling R Rising appetite for gold BRW Dealaer: “There seems to be a programme of selling in gold -- it may be central banks (under Europe's Central Bank Gold Sales Agreement)" Treasury Secretary Snow Cancels G-7 Trip AP Fed's Increase Is Case of Perfect Transparency Berry Fed still has a ways to got CBSM Tiime to slow down? CNN Things Change CWS Capital (or Dealing with my Obsession with Interest Rates) The New, More Rational Internet Bubble NYT The fate of the Google bubble CBSM Commentary: This ain't no 1999 -- yet 116 Is Being Nice to Spiders Schaeffers Commodities: Riding the super cycle Mineweb Are Commodity Prices Headed for Switch to Euros? Bloomberg Barclays silver ETF seen in early stages -trade Reuters Delighting in the dollar's decline SF Chronicle Foreign visitors find bargains abound in S.F, other tourist areas New American Home showhouse most expensive yet Knight Ridder State's million-dollar homes go fast AP More homes priced at over a million dollars were sold last year in California than in the two previous years combined A bankrupt health system drives families into debt Daily Southdown State of Union offers details on Social Security CNN Text SS Battle has only just begun CBSM The revolution, phase two Economist Still a murky fight CNN The Fog of the Budget Business Week To slash 150 programs How Bush will mask the biggest national debt in history: By largely ignoring the costs of his own top priorities Military contractors use ads to defend against budget cuts AP “In essence they're doing what every good brand does” Wall Street, Banks, and American Foreign Policy Rothbard (1984) Regional Banks Raise The Roof Forbes Are banks drawing too much earnings from yields on mortgage bonds and other securities? Gee, Banking Can Be Fun! Slate Feds taking over US Air pensions AP Agency assuming $2.3 billion burden Amazon Shares Tumble as Earnings Miss Estimates and Spending Increases BL Report: Qwest in talks to buy MCI AP Blockbuster sweetens Hollywood bid USAT Whirlpool Profit Falls Reuters Wal-Mart's January sales up 2.5% CNN Michaels +12% - Retailers: Good Jan SBC Faces Brand Old Issues TheStreet Auto parts producer bankrupt, optimistic Journal Gazette Kinross says may have to restate 2003 results Reuters Sears plans to shift from NYSE to Nasdaq USAT Combination with Kmart brings a change after 95 years. AT&T: Competition and Unexpected Outcomes EW Gate Gourmet plans layoffs CincyPost Fiat and GM on road to court battle IHT Former HealthSouth CFO Comments on Scrushy AP Putnam's investors were shorted $100 million AP A.G. Edwards Charged in Market-Timing Probe TheStreet WorldCom's $54M settlement collapses Reuters Scandal Bared NYP Out of this World - ’Unfettered Authority' Norris Grasso was paid as much as $156.7 million too much during his eight years atop the New York Stock Exchange, an explosive confidential report concludes. Webb Report: How Did the NYSE Miss This Stuff? Crudele Massachusetts Probing Gillette Payouts CFO Citigroup says bond traders ‘miscalculated’ FT The bank said they had made "inappropriate, unrealistic, and in certain instances juvenile remarks about the trading strategy before it was executed". 'Goldman Sachs' on a Résumé Gives Continuing Rewards NYT Bond Ratings: Another M&A Casualty? CFO "Redundant" employees aren't the only people who dislike mega-mergers; bond investors aren't too thrilled, either. Martha Stewart to host new 'Apprentice' CNN US warns on risk of net-based telephony FT Deleting spam costs billions, study finds AP Ford pulls lustful clergy ad Reuters Chinese shares surge on rumored government rescue plans PD It was also speculated that a leading official of the China Securities Regulatory Commission urged institutional investors to buy more shares. Surviving the Year of the Rooster Morgan Stanley (Xie) PART 1: The failed-state cancer Asia Times Personal debt and peak oil Energy Bulletin Inflation Pressures Remain Muted Outside Of The U.S. BC Research European Central Bank Leaves Rate Alone AP Small US companies flex their muscles on trade policy LA Times NAM China blasts threatened US deadline on yuan as wrong way to handle issue AFP Yen Falls After Fukui Says Japan Yet to Show Sustainable Growth BL Weak dollar troubles Japan manufacturers AP SA House prices up 29.6% in January Sunday Times Beware anyone talking up the market Cyprus Mail ‘Climate of fear' puts brakes on Russian economy CS Monitor Disbelief as State Says GDP Up 7.1% Moscow Times Turkey: Noah Built the Boat Before the Rain MS Shell cuts oil reserves for fifth time Times Online Deutsche Bank Will Eliminate 3,280 More Jobs; Profit Declines 38 Percent BL Alcatel quarterly profits disappoint investors FT Banks Demand $540M From Rosneft Moscow Times German banks struggle IHT Jobless rate in Germany hits record Pension tax to hit 41% of FTSE directors Times Online Steelmakers press for 20% price hike Asahi GE stops taking new orders in Iran AP Lawmakers claim 'proof' of collusion TheStandard John Elliott officially bankrupt Australian Tokyo' blamed for bank's lengthy name Japan Times Bank card crimes fuel rush to biometric systems Japan Times 'Zero intelligence' trading closely mimics stock market New Scientist A model that assumes stock market traders have zero intelligence has been found to mimic the behaviour of the London Stock Exchange very closely.
Wednesday February 2 FOMC Statement FED The Committee believes that policy accommodation can be removed at a pace that is likely to be measured. Interest rates yield concerns Dallas News "I went back to the 1950s and could not find a period of time that long-term rates did not start to rise when the Fed started raising rates” Fed's at throttle, shifting into cruise Cassel The stakes are bigger than one quarter-point change might suggest. Dollar Dawdles as Market Looks to Fed Reuters Gates, Buffett and China Gang Up on Dollar Pesek One number to watch Setser Home prices are outpacing income gains Arizona Republic Investment real estate listings hit the Web Inman News Philly Fans Borrow Against Their Homes for Tickets AP Manteca: Land of the $720K tract home Manteca Bulletin More Texans turn to food stamps Houston Chronicle Power plant goes bust Arizona Republic Mergers in vogue, for better or worse Chicago Tribune “The managers may end up making out, but the shareholders won't for the most part." US Companies Splash Out On Corporate Jets Airwise Google 4Q Profits Increase Sevenfold AP GM, Ford Post Disappointing Sales Reuters GM to cut production in US after poor sales FT SBC expects to cut nearly 13,000 jobs Bloomberg Yield Curve Flattens Countrywide TheStreet Fitch Junks Kodak's Credit Rating AP Bank threatened to sell Ebbers stock unless WorldCom covered him AP Scrushy 'Directed' Fraud, Former CFO Says AP Enron chiefs face autumn trial date FT Shady practices taint too many IPOs MSN Golf comes out of the bunker FT By the time the bubble burst in 2000 the industry was churning out almost 400 new courses a year. Some eBay sellers are going, going, gone USAT Wall Street bulls eye Super Bowl UPI Feel-good factor helps gold consumption rise for first year in four Business Report Japan '04 gold imports up, investment key this year Reuters Medicare to cover Viagra, similar drugs WT Beer-caffeine drink launched in US AFP Shares dip to 68-month low in Shanghai China Daily More than 40 stocks listed in Shanghai and Shenzhen plunged by or almost by their daily trade limit of 10% yesterday China's Big, Dirty Secret Business Week All eyes on special guest China at G7 meeting AFP China dampens expectations of yuan revaluation ahead of G7 meet AFP Furniture business falls victim to 'China price' Business Journal NTC may impose dumping duty on China in March Daily Times (Pakistan) EU Imposes Tariff on Chinese Chemical to Protect Solvay Unit Bloomberg G-7 Needs Cathartic Conversation About Currencies Bloomberg (Gilbert) Strong pound brings factory job cuts Guardian Germany's five million jobless pile pressure on the economy Times Online Inflation Soars, Ruble Rate Targeted Moscow Times Japanese Buy Back Into US Property Motor Trend Rather than plunging into the market with fists full of cash in search of landmark buildings, as they did in the exuberant 1980s, the Japanese are now taking a more circumspect approach, no doubt having learned a few lessons. They are testing the waters by first investing in real estate investment trusts (REITs)... Yukos deal backed by $6bn loan from China Times Online The loan is in support of a five-year contract to supply some 50 million tonnes of oil to China EU threatens France over Alstom bailout AFP A wrangle over bond coupons in Japan Bloomberg Korea trade surplus hits record high Korea Herald Shanghai downtown property prices seen overheating ETNews Time to catch out the insider traders Times Online Banker gets six years in 38m yuan loans scandal TheStandard Canadian Police Raid Bank in Royal Group Probe Reuters Treasurer threatens cartels with jail, fines ABC Accountant pleads guilty to $10m fraud ABC Standard Life makes fresh round of cuts in bonuses Independent Xstrata raises WMC takeover offer by A$1bn FT Hitachi Profit Plunges Reuters New from China: wine made from fish Reuters
Tuesday February 1 U.S. Economy: Manufacturing Slows, Construction Rises BL U.S. January ISM Manufacturing Index Falls to 56.4 From 57.3 BL Just how nervous are Alan Greenspan & Co.? Jubak CBOT Fed Watch Fed Voters Face `More Difficult' Task in Chairman Greenspan's Final Year BL Handicapping Friday’s Report on Employment NYP (Crudele) Wall Street is probably expecting too much from Friday's employment report. Simple Multiplication - The Real Problem Behind The US Trade Deficit? C Stock Market Remains Risky McHugh PDF The Great Depression — then and know Brookesnews A Google-Eyed Market Puplava The New Asset Dependent Economy Rosetnko Banks feel the pinch of flattening curve CBSM Are Bond advisers are too bearish? Hulbert Wearing the Wrong Shorts Schaeffers Corporate America's new mantra: Buy, Buy Buy! Globe & Mail No Prunes at Costco? Not a Problem for the CPI Baum I doubt conspiracy theorists will be convinced by the rigorous data-collection process. Commentary: When services get ahead of demand... Francisco Declaring War On Wal-Mart Business Week First labor union at Wal-Mart? CNN GM agrees to pay Fiat two billion dollars to escape auto purchase: report AFP GM's credit crunch FT World airlines lose $4.8B in 2004; traffic up 15%, says IATA CP Few Survivors Predicted: Why Most Airlines Are Caught in a Tailspin Wharton Unions take cuts Rocky MN If AT&T executives spoke English Slate AT&T May Face Another Round of Job Cuts AP Gillette deal a distortion of 'success' Boston Globe Suggest that this is capitalism perverted and you are labeled a socialist MetLife to Buy Travelers From Citigroup AP Citigroup bond market trading memo revealed FT Entitled “Challenging the dominance of Eurex futures”, the Citigroup document outlines a plan to take advantage of liquidity differentials between the German government bond [Bund] futures and cash bonds traded on the EuroMTS electronic system. “We should be able to exploit this situation in a very profitable way,” the memo says Enron cost utilities $1.8 billion, feds say Seattle Times Paying back jilted investors CNN Long-awaited plan to distribute $433 million to investors hurt by Wall Street is made public. Actions 'Shameful,' Insurance Broker Says LAT SEC Upgrades Interstate Bakeries Probe CFO Hedge Fund Manager Snared in Short-Selling Investigation TheStreet Former SEC Chairman Hired to Help Fannie Mae WP Loyalty Strained at Caremark TheStreet Price cuts hit digital camera makers Bloomberg Embry: $800-$1000 gold is conservative Mineweb Will Silver Lag or Lap Gold? Texas Hedge Gold Bottom Imminent? GE May Make New Lows Karvy The Best Money for Long-term Investors Saville The Future of Gold As Money Hultberg Gold Consumption Up in Kingdom Arab News Raking muck in Glamis/Goldcorp/Wheaton battle Mineweb Spend. Lie. Stick your kids with the bill Jubak Investors Place Bets On Soaring Casino Stocks Gambling News Calif. Jury Awards $15.6M to Nestle Model LA Times Bubble Wrap Appreciation Day KOTV End to Global Textile Quotas: Watch China Sew Up the Market Wharton Bk Of China Upbeat About IPO Despite Latest Probe Dow Jones S Korea Exports Rise at Slowest Pace in 1 1/2 Years Bloomberg China May Alter Its Currency Policy By End of June, Lehman Says BL Asian currency regimes Reuters Exports to China surging for firms BL China imports fewer steel products in 2004 People’s Daily China 2005 steel output tipped to surpass 300 mln tonnes ETNet Iron ore is hot, but party could fade Reuters Russia to Repay IMF Debt Early AP S&P Upgrades Russia Moscow Times U.K. Mortgage Approvals Rose in December for 1st Time Since May BL The 'golden rule' should be melted down Guardian Asian Stock Focus: Japan's Nippon Steel Faces Twin Woes Dow Jones Sharp's Profit Growth Rises at Slowest Rate Since 2002 on LCD Prices Fall BL Big German builder files for bankruptcy Expatica Investors file class action against Seibu Rail FT Scams snare unwary investors in art Times Online
Oil prices rebound as US-Canadian glitch skews economic outlook AFP Canada acknowledged it made a mistake in its November trade report, underestimating its imports from the United States by over one billion dollars. GDP to Be Revised Due to Canada Error-BEA
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