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Monday January 31
Incomes Jump Record 3.7 Percent in Dec. AP BEA
The income gain would have been a smaller 0.6 percent in December without the one-time $3 per share dividend payment Microsoft
Fed's Closed-Door Meetings Affect Millions AP
Greenspan's choice: Party or pain Business Line
Greenspan’s decisions in February will dictate how history would remember him
From 'non-event' to headline grabber: a Fed meeting is about to get interesting FT
Support for the dollar is ebbing Pesek
Watching America: Will It Listen to Foreigners, or Do as It Pleases? Norris
An Unprepared World Morgan Stanley (Roach)
Cheap Vol Hussman
'January Barometer' predicts a pretty lousy year USAT
Expect soaring home prices to come back down to Earth WP
Worker Salaries Losing to Inflation Reuters
Shoppers added billions to their credit cards this past holiday season OSentinel
Does the Market Know How to Price Al-Qaeda? BL (Lewis)
SBC to buy AT&T for $16 Billion Reuters
Is SBC Rushing into Trouble? Business Week
Kodak buys Creo for $980-million G&M
Warring executives delay gold industry consolidation FT
Google lead in search is narrowing NYT
U.S. begins inquiry into Lenovo-IBM deal Bloomberg
Land of the Giants Time Canada
P&G’s megadeal with Gillette is just the latest in a new wave of merger mania. Investors beware
Gillette directors hit the jackpot This is London
These Stock Options Just Didn't Add Up NYT (Morgenson)
The Genealogy of Wall Street Crime CD (LA Times)
Marsh & McLennan to Pay $850 Million to Settle Spitzer Bid-Rigging Probe BL
Pink Sheets Threshold Securities Listed But Hundreds 'Missing In Action' IBD
What about Gold? Russell
US public Wi-Fi bubble due to burst TechWorld
Massive cow manure mound burns for third month AP
'If you don't take a job as a prostitute, we can stop your benefits' Telegraph
China's Huang, Central Bank Deputy Resist Calls for Yuan Change BL
Decoding China's Yuan Messages BW
Haitong, 2 Other China Brokerages Unveil $800 Mln of Losses BL
Energy Costs Trickle Through World Economy AP
Fall in high street spending set to undermine growth Times Online
Like Comic Relief but with bigger chequebooks Independent (King)
Is your money safe as houses? IC Liverpool
C$ Rise Is 'Major Uncertainty' for Budget-Goodale G&M
City fears grow over illegal share trading Times Online
Yushchenko to 'tackle corruption' BBC
Collapses Zim banks reopen amid confusion M&G
Audit: $9 Billion Unaccounted for in Iraq AP
Companies vie for Iraq's oil SF Chronicle
Crude Oil Futures in New York Decline After Iraqi Election, OPEC Meeting BL
Treasury Investors Less Bearish Before Fed Meeting, Jobs Report BL
Weekend Edition (Jan 29-30)
The Hollow Confidence of Davos MS (Roach)
Iraqi vote turnout tops forecast CBSM
Stocks face the storm CNN Measure for measure
Gates Bets Against the Dollar, Calls Currency's Status `Scary' BL
“I'm short the dollar. The ol' dollar, it's gonna go down.”
Soros Says Greenspan Lost Credibility Helping Bush Bloomberg
Insiders Send a Signal Mauldin
Currency Countertrends Zeal
Hong choi hin gong? Mogambo Guru
Is a new bubble ready to burst? IHT
The Fate of the Dollar Casey
Economic Opportunities are Waning Sennholz
Believe the Number... Or What Your Eyes Tell You? EW
Fed's yen for bovine policies Asia Times
Betraying People’s Trust North
Merck stock plunges as judge cuts patent term by ten years Times Online
Juries Go Easier on CEOs . . . NYP
Four years after the bubble burst, U.S. investors no longer seem to mind if their CEOs are living like kings.
Ebbers: I’ll Be Wiped Out NYP
OPEC Agrees to Maintain Oil Quotas, Suspend Price Target as `Unrealistic' BL
Saudi Oil Minister Says $50 Crude Poses Little Threat to Economic Growth BL
Secret Ł1.55bn gold pile backs new trading funds Times Online
One of the largest hoards of gold ever gathered outside a central bank has been accumulated at a secret address in London over the past few months.
Do we say, 'Charge it!' too often? Seattle PI
ECB's Weber-Dollar Risk to Global Outlook Reuters
China, EU Tell Different Economic Tales AP
China to 'phase in' currency flotation Times Online
The Week Ahead: Where Does Truth Lie for the Bank? CIBC PDF
CPI declines for the fifth straight year as deflation continues to dog economy JT
Mortgage approvals fall to five-year low Independent
Long rally in copper is likely to abate Bloomberg
Insider trader 'Walrus' gets five years Guardian
Friday January 28
Buffett: 'It's a dream deal' CNN
Billionaire investor sees longstanding bet on Gillette pay off with one-day gain of $776 million.
Gillette options buying pre-merger news questioned Reuters
“The volume was unusual compared to previous trading days, which will probably prompt an exchange investigation."
Fees for Goldman, Merrill, UBS could top $90 million CBSM
P&G, Gillette: S&P Ratings Outlook Negative BW
Yen Weakens as Spending Drops, China Says No Plan to Lose Peg BL
“I don't think that China will revalue in the next six to 18 months”
Brown calls IMF to sell gold to cut debt Times Online
Germany backs UK on IMF gold sale for debt relief Reuters
U.S. Economic Growth Slows to 3.1% Pace Amid Record Trade Deficit BL BEA
Treasuries Rise After Fourth-Quarter Economic Growth Is Less Than Forecast BL
If China Shuns Dollar, Look Out U.S. Bonds Pesek
At Davos, U.S. is seen as aloof Norris
Global Earnings: Waning Support For Stocks BCA Research
Fool's Paradise Forbes
“We've never seen U.S. companies so dependent on the steepness of the yield curve”
Prevailing Market Sentiment Often Misleading Comstock
The Bull Market is Dead! Bullnotbull
The Bubble Bowl Forbes
A look at some of the most memorable advertisers from the dot-com bowl
Booms and Bubbles Newsweek
Shiller discusses the enigma of market highs and lows
Factories Humming but Rehiring Is Slow AP
Before You Worry About 1040, You Might Want to Worry About 1160 Sch
Advertising with a new twist Hulbert
2005 Energy Market Outlook Simmons PDF
A Trillion Barrels of Oil,,, and Prices Rise? EW
There will be no shortage of oil. Not now, not next year, not in 50 or 100 years.
Commodity Strategists: Wheat Prices May Rise 15% Bloomberg
The Poultry Boom Slate
It's never a good time to be a chicken, but now is really awful
Chip inventories fell sharply at year-end Reuters
P&G in deal to buy Gillette CBSM MSFT Beats
Moody's Cuts Merck Debt Rating TheStreet
Airlines End Dismal Year With a Whimper AP
Sears Still Plagued by Weak Sales AP
Caterpillar shares fall as it misses forecasts FT
Amgen warns of pressure on biotechnology FT
Wal-Mart, Your New Banker? Business Week
Toyota: The car company in front Economist
Riggs Bank to pay $16 million fine NYT/AP
Can the new Congress cut through America's asbestos-litigation mess? E
Lehman Brothers Holdings the subject of SEC probe Bloomberg
CFO
Gold ETF Continues to Flex Muscles 321
Barclays COMEX gold trust expected to launch Today CBSM
Is there easy money in China? Blodget
An outsourcing reversal: Chinese firms in US CS Monitor
Poor face APRs of up to 1,000% for credit Guardian
Canadian tech stocks tank Globe & Mail
Celestica to cut 5,500 jobs Globe & Mail
BAE Systems to cut 1,400 jobs Times Online
Sony operating profit down 13% on poor electronics sales in quarter JTimes
Parmalat auditors' trial gets under way in Milan AP/R
Iraq's moment of decision CS Monitor Political lists to watch CSM
Stakes of Sunday's election look high for Iraq and world
Bush Says Iraqi Leaders Will Want U.S. Forces to Stay to Help NYT
Companies, politicians warned to heed risks CBSM
International corporations suffer from "boiling frog" syndrome and are in denial about the daunting array of risks they face
Thursday January 27
U.S. stocks turn lower; Caterpillar saps Dow CBSM
Durable Goods Orders Increase 0.6% BL Census Jobless Claims Up Reuters
2-Day Rally Aside, It's a Bearish January NYT
Is the global economy set for trouble? BBC
The talk of Davos: Dollar and deficit NYT
Weak dollar is all the rage at Davos conference DBreeze
China open to discussing currency at G7 finance ministers meeting AFP
Will Yuan Be Made Flexible First? Bloomberg
$ fades, yen surges -- speculation mounts on Chinese move A
Davos: US consumer ´weakest link´ in world economy AFX
Roach: “The self indulgent American consumer is an accident waiting to happen"
Current Account Deficit of the U.S. - Do We Need to Fret About It? NT PDF
Should the US Government’s Credit Rating be Downgraded to Junk? Rockwell
How to defend yourself from the declining dollar Burns
Central banks dump dollar for euro Asia Times
Fed to consider inflation target: WSJ Reuters
Will It Be Another Sleeper Year for Fed Policy? Baum
Here’s a pop quiz to check your business savvy NYP (Crudele)
Have U.S. Government Bonds Learned to Levitate? Bloomberg
OPEC May Postpone Production Cuts as Oil Rises Close to $50 a Barrel BL
Weird Stuff is Happening.... EW
Freddie Mac CEO downplays housing bubble Reuters
Homes go up, up, up Arizona Republic
Apartments hoping for worst Rocky MN
Privatization fix for Social Security is worse than doing nothing EPI
Bush: Social Security fix worth any political price AP
Thirtysomething for Mister Softee CNN Mr. Softy, Indeed Schaeffers
Reports: SBC in Talks to Buy Rival AT&T AP
Congress threatens IBM unit sale to Lenovo FT
TSMC warns of shrinking chip market in 2005 FT
Kodak delays results after accounting errors FT Beat Forecasts AP
Flat-panel industry likely to remain flat TT
Red-hot Starbucks plans 1,500 new outlets this year AFP
Jurors hear Ebbers say he's no economist Baltimore Sun
Ex-executive: Scrushy told staff to 'fix the numbers' AP
Retrial begins in N.Y. for ex-Tyco executives Bloomberg
Ex-VP of Internet ad firm charged with fraud Bloomberg
SEC Accounting Chief Eyes Cash Flow CFO
NYSE Chief Sees Growth in Derivatives Reuters
Wall Street advice: Get heavy on metal AP
China: Gold output sets new record Xinhua
It's getting harder to blame China Seattle Times
The value of the American dollar has been dropping almost as fast as temperatures on the East Coast. But there's a difference: Temperatures in New York are sure to rise some day — the dollar may not.
Debt levels ‘will hit market for first-time mortgages’ Times Online
Actions to repossess homes at 6-year high Times Online
Britain needs 11-bn-pound tax boost to keep budget promises: think-tank AFP
Pessimism on dollar gathers in Australia IHT (BL)
Watchdog examines treatment of Allders pension fund Times Online
Iran capital market in disarray,recovery expected IranMania
Merrill sets up venture in China with local broker IHT (BL)
Oil firms fund campaign to deny climate change Guardian
Canada, Russia eye 'bridge' over melting ice cap AFP
Clinton warns on American attitudes Times Online
Wednesday January 26
Economist: China loses faith in dollar CD
Oil Slips From 8-Week High Bloomberg Gold picks up in Europe Reuters
In face of weak dollar, world fears retreat by U.S. IHT (NYT)
The Shiller interview Money Magazine
Yale economist Rober Shiller worried about stocks in 2000. Now he's worried about real estate
Fed Will Increase Rates Next Month and Afterward Berry
Pimco's McCulley sees Fed caution CBSM
'Confessions of an Economic Hit Man' Wanniski
"Did You Know?" Series, Part One: Stocks Gillespie
Final report on the Bush tax cuts — nearly 50 failures JobW
$1.3 Trillion in Deficits Forecast Over Decade LATimes CBO
Cumulative total is 60% more than the estimates of just four months ago.
Oh yes, it can happen here Boston Globe
Bush's agenda faces rising budget deficit CS Monitor
UN report warns US to cut deficit Guardian UN
Global growth in 2005 hostage to how dollar and global imbalances unwind UN
The Real Retirement Time Bomb Business Week
Without reform, Medicare premiums will eat away at Social Security benefits
Echoes of the 80's: Japanese Return to U.S. Market NYT
Home sales slow in December: Could they have peaked? USAT
Mortgage Applications Dowjn Last Week Reuters
California housing prices jump 18 percent in December ACBJ
California home prices lock out new buyers Daily Breeze
What $160,000 will get you Realtor
Florida home sales register record year in 2004 ACBJ
Newspaper advertising still in doldrums AP
Ted Turner Compares FoxNews To Hitler Drudge
This Blue-Chip Has the Blues Schaeffers Home Depot
Ford sees lower profits in 2005 AP
SBC Freezing Cash Balance Pension Plan AP To eliminate 7,000 jobs in 05
Oxiana admits gold forecasts are unrealistic Wood
Buy.com Back In IPO Ring CRN
Gold Consolidation Fight Moves to Texas AP
2 Firms to Pay $40 Million Each in I.P.O. Case NYT
Scrushy masterminded fraud ~ Ebbers ‘lied again and again’ FT
BlackBerry in a legal jam AP
Martha's daughter has 59% of mom's firm Reuters
NYSE told to show Grasso pay report FT
Investors beware: Earnings quality slips CNBC
Outfoxing SOX Slate
Sarbanes-Oxley banned sweetheart loans to greedy executives. So, corporations are giving them free money instead.
Hotels 'go to the mattresses' WSJ
All the pressure to make hotel beds better is finally forcing the industry to reveal - and start to abandon - its dirtiest little secret: the fact that those colorful bedspreads on hotel-room beds sometimes get washed only a few times a year at most.
Government Seizes Oil Wells It Says Were Bought With Drug Money NYT
The federal government has never before taken control of oil wells as part of a money laundering investigation
Gold Unchanged at Three-Week Low Amid Gains in U.S. Dollar Bloomberg
Gold has moved almost in lockstep with the euro's performance against the dollar in the past month, at a correlation coefficient of 0.9
New York Stock Exchange May Open as Much as 2-Hours Earlier BL
China: A reheated economy Economist
China surpasses US as Japan’s top trade partner FT
Guangdong, the unstoppable 'world's factory' Asia Times
Bottlenecks curb China's excesses Telegraph
New scandal hits Chinese banks TheStandard
Drowned in a sea of debt FT
The end of the affair? Economist
Emerging-market debt has been a sweetheart deal over the past three years. It is almost time to move on
Oil Fuels G-7 Focus on China, India Pesek
Japan's Exports Grow at Slowest Pace in a Year; Electronics Demand Cools BL
Asia swirls in hot money Asia Times IIF
Yen slides as China sticks to its guns FT The Yen Surges Reuters
German January Business Confidence Unexpectedly Advances to 11-M High BL
Strong dollar slowing growth says central bank as it leaves rates steady CP
Firms may quit US in attempt to avoid rules Times Online
EU warned over debt and pensions Times Online
Allders on brink of collapse Guardian
Hooked on plastic Macleans
I was a hard-core credit card addict -- and withdrawal was painful
$1Bln Tax Bill Feeds New Yukos Anxiety Moscow Times
Hedge Fund Patrol trading suspended New Zealand Herald
Oil tanker hits ship, sinks Advertiser
U.S. Deploys Warship to Oil-Rich African Gulf Reuters
Tuesday January 25
Consumer Confidence Edges Up Conference Board
Bush Administration Expects U.S. Budget Deficit to Widen to $427 Billion BL
Gold futures fall as dollar gains CBSM Oil Prices Rise on Iraq Election Worries
Oil Prices Fall on Decline in Demand AP
The Simple Truths Of Life Australasian Investment Review
Slower Growth AEI (Makin)
MacroVision 2005 -- The Elastic World MS (Roach)
Earnings estimates too high: report Globe & Mail
This year a 'writeoff' Globe & Mail
Merrill: "2005 may be a writeoff -- we are positive on 2006.”
Deficit triggers rumbling at Fed NYT
Top US debt rating untarnished by weak dollar Reuters
Unloved, Undervalued and Underowned Puplava
Causes and Consequences of Kondratiev's Long-Wave Cycle FSO
Freedom and the Forty Clueless Dingbats Rostenko
2005 Outlook: The Elusive Climax Goldenbar
Calm before the storm? Hulbert
"As Goes January..."? Stock Bulls Better Hope Not! Gillespie
A big rise in interest rates could cost you a bundle NYP (Crudele)
The Greenspan Succession NYT (Krugman)
For VCs, a Virtuous or Vicious Cycle? Business Week
Some industry veterans fear a return to the bubble mentality
Privatize Social Security Before I Spend Your Pension! NT (Kasriel)
Uncle Sam gets an 'F' in money management Jubak
When you watch how the U.S. government mishandles our money, it's clear we're in for years of trouble
This Tax Break's Broken Newsweek
The Jobs Creation Act created an enormous loophole
Bush Wants $80B More for Iraq, Afghan Wars AP CNN: Social Security
Homeowners can expect bigger property tax bite USAT
Survey: Affluent Consumers See Real Estate Bubble National Underwriter
Poll 'shows world economic gloom' BBC
Another 10 years of high oil prices? AME
Oil Prices: The "Top" News Story in 2004 and the REAL Story EW
Wien's 10 Surprises Include Higher Oil Prices Dorfman
Microsoft will not fight sanctions FT
Berkshire's Buddy-Board Flunks Independence Test Bloomberg
Lehman eases GM ‘junk’ bond concern FT
Vioxx removal drops Merck's 4Q 21% Reuters
Infineon to Close 3 Fiber-Optics Plants AP
Kmart properties may be overvalued Chicago Tribune
HP's PC biz braced for SAP hell TheRegister
Citigroup traders face criminal probe in bond case FT
"There is concrete evidence that they attempted to push up the price [of the bonds] artificially and then take advantage of that”
SEC charges Penthouse with accounting fraud Dow Jones
Former HealthSouth CEO Goes on Trial AP
The Ebbers Trial's Stars and Extras BW
Scambuster Inc. Time
Barry Minkow, felon, is helping the feds uncover fraudulent financial schemes
Short-Seller Elgindy Guilty of Securities Fraud Dow Jones
Kaufmann's settles charges on phony 'sale' prices PPG
Workers Get Class-Action OK in Boeing Suit AP
SEC ends probe of Corinthian Colleges FT
Darling of doughnuts in a sour situation AP
Wary Auditors, Clients Worry FASB's Herz CFO
Accounting flaws pose legal threat to US firms Times Online
Nearly 600 listed US companies face investor lawsuits and higher borrowing costs after admitting “material weaknesses or significant deficiencies” in accounting procedures
SEC poised to ease rules for foreign listings FT
Going for the gold G&M Gold waits on the Fed MineW Who Knows Best? AIR
Euro Falls After Europe Urges Stronger Dollar, Asian Currencies BL
US dollar's slide 'more dangerous than house price fall' Times Online
China's Economic Growth Unexpectedly Accelerated to 9.5% BL
Asia/Pacific: The Market Is Dead MS (Xie)
Yuan revaluation: Little Impact seen on US deficit India Times
RMB Appreciation to create its own bubble? China Newsweek
China halves tax on stock trading to boost market Lateline
China plans fund to revive markets TheStandard
Key to curbs lies in banks' reserve ratio TheStandard
China seeks to curb corruption in big SOE Xinhua
Will coal bury Kyoto? Macleans Shenzhen Daily ~ Coal Prices EIA
The good news: Asia's hunger for coal is reviving mines in eastern and western Canada. The bad news: we may be facing an environmental calamity
Rising costs put the brakes on UK carmakers Times Online
The 130% mortgage This is London
Canadian Interest rates expected to stand pat Globe & Mail
Does CPI surprise seal a rate rise? Australian Financial Review
Venezuela Tensions Worry Oil Executives NYT
Venezuela's Robin Hood CS Monitor
A Niche For Russia Gateway to Russia
BP chief's remarks enrage Iran Guardian
Matsushita Electric to cut more than 1,000 jobs EETimes
Marks & Spencer Shares Are Living on a Prayer Bloomberg
Man held after DTZ cash goes missing Telegraph
Dubai Gold and Commodities Exchange finalises structure Gulf News
Housing Market Bubbles and the Fed: The Higher They Blow, The Harder They Crash...or Why We May Need Houdini after Greenspan... Roub Blog
Monday January 24
U.S. Stocks Decline, Extending 2005 Slide; Nasdaq Falls to Two-Month Low BL
So far, the bears have the advantage Brimelow
Oil inches higher on weekend blizzard Reuters Touch $49
Tradable black gold? CBSM
Oil ETF under development, but faces regulatory hurdles
SEC eyes suspicious Travelzoo trades Reuters
Starting Valuations Matter Hussman
Averaging historical P/E multiples and returns over periods of generally rising valuations is a dangerous way to estimate future investment results.
Behind the numbers, Fannie Mae, GM are struggling MSN (Fleck)
$ at mercy of central banks FT Foreigners buying slice of America LATimes
In 2003, the most recent year with full international statistics, central banks financed 83 per cent of the US current account deficit, with Asian central banks accounting for 86 per cent of flows.
Central banks shift funds away from US FT
John Snow's Selective Vision on Dollar Pegs Pesek
U.S. to Lead Bond Sales This Week; Japan, Germany Also to Sell BL
The U.S. sell about $32 billion of bonds this week
U.S. Treasuries May Remain Strong Taylor
Viewed from the sidelines, even bonds look hazardous Dallas Morning News
I'm finding it extremely difficult to find anything to invest in these days. And I'm not alone.
When monetary tools start to lose their edge Independent (King)
Markets At A Glance Road To Ruin Sprott PDF
Giant in decline Asia Times
Crude Oil Rises as Snowstorm Raises Heating Fuel Demand BL
Survey: Gas Prices Up More Than 5 Cents AP
Home-equity loans hit record $431 bil in 2004 WSJ
Reading Quarterly-Profit Tea Leaves WSJ
“Cash doesn't lie. A company can report positive earnings and still go bankrupt.”
GE is tops for boosting bankers' bonuses FT
Google gears up for a free-phone challenge to BT Times Online
Lex: General Motors bonds FT
General Motors' bonds are junk in all but name
GM Says Selling Bonds in Europe Is `Less Attractive' After Costs Increase BL
Silver's promise lures junior resource firm Globe & Mail
Numbed by the Numbers, When They Just Don't Add Up NYT
New Stocks, Same Old Problems Morgenson
51% of the companies that went public last year had poor to very poor governance practices. That's even worse than the 37% of new companies with dubious governance identified during the maniacal stock market of 1999.
Accounting miscues becoming more common in America Pittsburgh PG
Auditors afraid of making judgments, says FASB chief FT
FASB’s Katherine Schipper said the board was discussing some "fairly dramatic proposals" aimed at simplifying and improving its standards on financial instruments.
Trimming Hedge Funds Business Week
The industry is booming now, but new rules, sub-par performance, and copycat mutual funds with cheaper fees may spark a shakeout
Penny-Stock PayDay NYP
Beware of college financial aid scams AP
Why the credit bubble may yet burst Times Online
Are Britain and the United States in the midst of the mother and father of all credit bubbles?
Mortgage market looking grim This is London
First-time buyers face price woe BBC
Fury over banks' Ł30bn bonanza This is London
Is Aim a bubble waiting to burst? This is London
Speculators and analysts bet Malaysia will change currency peg to dollar AFP
Euro Gains After Survey Shows Central Banks Increasing Holdings Bloomberg
ADollar rallies over US1˘ AAP
China expects auto sales growth to keep slowing in 2005 AFP
Two Bank of China officials flee after 120 million dollars go missing AFP
NAB traders in court The Age
Mr Bullen has written a book about the affair, but his three co-accused have remained silent.
Citigroup Resolves Legal Dispute Preventing Sale of Brazil Fund BL
Monsanto targets seed 'piracy' AP
`Davos Men' Go to Holy Mountain to Ponder Globe, Confess Sins Bloomberg
Weekend Edition (Jan 22-23)
Elvis has left the markets NY Daily News
Stocks are off to their worst start since 1977
Investors Seen As Skittish on Risk Taking AP
Dollar, Iraq to shadow Davos summit CBSM
Deficits May Be Wearing Thin at the Fed NYT
Why Greenspan Isn't That Worried Business Week
The Mystery Of The Sleeping Long Bonds Business Week
Investors could create a 'bubble' Bellingham Herald Calverley Amazon
China: One Coin, Two Faces Mauldin
The China Syndrome, Part 1 Financial Sense
Curse of the Trading Range 2 Zeal
Inflationist Watch PBear (Noland)
The Supply of Oxen at the Federal Reserve Financial Sense
Northern Trust's Kasriel: Economy, Social Security and Fed Bloomberg (Radio)
Bush plan involves Medicaid, other cuts AP
Bush Makes False Claims About Social Security Berry
Skimming the 401(k) CBSM
Playing Penny-Stock Roulette NYT
Fannie Mae to Withhold Executives' Bonuses AP
Ford workers protest outsourcing Reuters
IBM Sale of PC Unit to Lenovo Faces Security Hurdle, People Familiar Say BL
Discount Brokers Feel the Pinch Business Week
Copper Mountain to Cut Most Staff AP
Powell Outage NYP
U.S. Importing More Liquefied Natural Gas Reuters
Technology Stocks in Europe Decline on View Sales Growth May Slow BL
High street hit by worst December sales figures in 40 years Independent
The Week Ahead: Bracing for Q4 Earnings and the Bank CIBC
Abolish the IMF Auerback
Mystery in Iraq as $300 Million is Taken Abroad NYT
UBS, Adviser to Argentina, Tells Clients Bond Restructuring Offer Is Low BL
China suffers blackouts due to severe power shortage in winter BL
Dead people get Ł400m in pensions Times Online
Dollar May Gain Against Euro for Third Week in Four, Trader Survey Finds BL
Friday January 21
Gold Rises as Higher Oil Costs Boost Metal as Inflation Hedge BL
U.S. Consumer Confidence Unexpectedly Falls; Michigan Index Slips to 95.8 BL
Spending Capital Wisely MS (Roach)
Market's Ugliness Is Rational TheStreet
Market Running Out of Time Comstock
Is January special after all? Hulbert
Dangerous complacency increases investors' appetite for risk Australian
I never get the twenty bucks, dammit Mogambo Guru
"Debt is Good - So Preach the Experts OpEd
U.S. 10-Year Yield Will Rise to 5%, Bond Firms Say Bloomberg
Shades of the Dollar Standard Sennholz Dollar crisis possible WSJ
The Free Lunch Bunch NYT (Krugman)
President Bush is like a financial adviser who tells you that at the rate you're going, you won't be able to afford retirement - but that you shouldn't do anything mundane like trying to save more.
U.S. Municipalities Try to Borrow Way to Health BL
December Book-to-Bill Falls TheStreet
GE Earnings Up 18 Percent in 4th Quarter AP
Delta Caps Worst Year in Airline History AP
Boeing warns over US spending cuts FT
The budget memo suggests a $5bn cut in the programme over the next six years
Still struggling, Euro Disney to sell more shares Norris
Goodyear considers restructuring Reuters
Fannie Mae bonuses come under scrutiny WP
Judge orders IBM to hand over code FT
Lawyers Plan Attack on Merck Over Vioxx AP
HP to Pay $141M to Settle With Intergraph AP
'Second chance' nears for Martha Stewart NYT
Merrill, Blodget dodge lawsuit again CBSM
The three-judge panel ruled Merrill and Blodget didn't mislead investors
2 more leave Fidelity amid probe Boston Globe
Chase apologizes over use of slaves as collateral AP
Newmont eyeing Gold Fields assets Rocky MN
Are we in the middle of a bull market for commodities? AME Hot Commodities
Gold ETF Continues to Flex Muscles Texas H
Some Nevada communities gain from higher gold prices Las Vegas Sun
Bank Robberies Hit All-Time High Philly (R)
Tokyo Stocks End Lower; Sony, Rivals Fall AP
Oil demand to remain high in 2005 China Daily
China orders nationwide audit of brokerages FT
U.K. Retail Sales Fall 1 Percent in Worst December Performance Since 1981 BL
Consumer Watch Canada: Are We Sitting on a Debt Time Bomb? CIBC PDF
-- Debt-Heavy Canadians Flurt With Financial Ruin TSun
BOJ trapped in policy dilemma Yomiuri
The LSE's two suitors spark a debate over market structure Economist
US judge rules against Yukos on claim FT
Deutsche Bank forges ahead with staff cuts in the City Times Online
Yukos in Default on Oil Export Contracts Moscow Times
Thursday January 20
Nasdaq Computers Hit by Glitch AP
"A network switch failed. The issue was fully resolved by 11 a.m."
Philadelphia Manufacturing Grows at Slower Pace BL PFed
Lowest level in 18 months
Leading U.S. Indicators Gain 0.2 Percent; November Revised Higher BL CB
Investors clamor for shaky debt Norris
Bush inaugural speech to stress peace through liberty CNN
Corporate America Pays Big Bucks For The Priviledge of Paryting With The President NBR
Rocky road for Bush on Social Security, tax revamping PostG
No Second Honeymoon For President Bush CBS
World fears new Bush era Guardian
Official: 250 attacks planned ahead of Iraq elections CNN
Wall St. Seen Down as Tech Gloom Deepens Reuters
Earnings Jitters Expected to Continue AP
What January Effect? Business Week
“If January can't mount a gain, any further advance we expected for 2005 is probably dead in the water."
Technical Troubles Schaeffers
$ Hits 2M High Vs. Euro R Gaymard Says Slide Must End B
Warren Buffett sees no way but down for US dollar AFP
The Falling Dollar Baker
Weakening dollar is `not worrying yet' AP
What's This? A Weak Dollar Isn't a Miracle Cure? Baum
“It's hard to find a statistical relationship between movements in the dollar and trade. Even if there is one, the trade deficit is about 25 percent of the total U.S. manufacturing base. We don't have the domestic manufacturing capability to produce what we need to correct it.''
The Global Balancing Act BCA Research
The key threat to the global economic and investment outlook is the U.S. central bank’s determination to raise interest rates.
Crude futures fall after higher US inventories FT
Too Little Oil or Too Much Money? Janszen
2004: Jobless recovery begets wageless recovery EPI
Younger Americans going deeper into debt Bankrate
Three More Reasons to Doubt Bond Market's Sanity Bloomberg
Capital Ideas: A Social Security Bubble? CFO
Talk of Changing Pension Math Raises Concern on Benefit Cuts NYT
Commodity Strategist: Pension Funds May Invest in Commodities Bloomberg
The Bear's Lair: Say no to 'reform' UPI
Party like it’s 1999 Red Herring
Is the million-dollar domain name back in vogue?
Where's the Coverage? CFO
Fewer companies are being covered by analysts today than at any time since 1995.
Restatements for '04 up 28% as law takes hold Chicago Tribune
Bankers raise red flag over hedge funds Globe & Mail
Ford Posts $104 Million Profit for 4th Quarter on Credit Unit Bloomberg
Ford's automotive operations had a pretax loss of $470 million.
AT&T's Net Income Soars to $625 Million, First Increase in Five Quarters BL
eBay Loses Some Mojo Business Week
The estimated earnings per diluted share does not include the impact of expensing stock options upon the adoption of Financial Accounting Standards Board Statement No. 123(R) “Share-Based Payment.” Ebay PDF
Sony slashes operating profit estimate by 31% FT
The Merck-Effect SH
Wachovia will cut up to 4,000 more jobs WSJ
Black & Decker laying off 350 people at Jackson plant AP
Defense contractor hands out layoff notices AP
BP aims to abandon share option incentives FT
Pension fund sues Fannie Mae over pay-offs FT
Courts May Let Fankie Skate NYP
ImClone insider trading case is settled Bloomberg
Back to the 1970s Aden
Fortis Metals Monthly PDF
Sugar prices may hit a 4-year high by June PTR (BL)
OECD sees high yen a big risk for Japan's economic recovery AFP
Bank of Japan trims growth forecast on tech production cuts B/AFP
Steel sector faces 1 trillion yen cost hike Japan Times
Emerging markets record boom 2004 FT
China's risky scramble for oil CS Monitor Chinese Puzzle AEI
Malaysia PM Repeats MYR Peg To Stay For Now DJ
ECB not obliged to raise interest rates: chief economist AFP
Forecast: Soaring Loonie Will Force a Rate Cut CIBC PDF
Already, other central banks have fallen off the Fed’s tightening bandwagon, in large measure because their rising exchange rates against the US dollar are providing all the monetary tightening that their economies can handle.
Australia's NAB May Layoff 1,500 In Overhaul - Analyst Dow Jones
T-Mobile to shed 2,200 jobs in cost cutting bid FT
Mitsubishi Motors reaches again for lifeline NYT
European Commission opens Alitalia inquiry IHT
Brussels inquiry could land BT with huge tax bill Guardian
Chemical cartel busted IHT
EU 'to target junk food adverts' BBC
Wednesday January 19
Economy shows steady growth: Beige Book CBSM FED
Consumer Prices in U.S. Decline 0.1%; Core Rate Rises 0.2% BL BLS
Prices Jump 3.3% in 2004 - Biggest Increase in Energy Costs in 14 Years AP
U.S. chain stores' comps off 0.9% last week, data show CBSM
U.S. Dec. housing starts up 10.9% CBS PDF Jobless claims fall
Mortgage Applications Increased Last Week Reuters MBA
Dollar’s Done - Euro Runs Daily FX T-bills hit 3-year high AP
The Real Interest Rate Conundrum Morgan Stanley (Roach)
Stronger productivity growth in the US: largely a statistical artefact DBResearch
As dollar weakens, hidden strengths may stave off crisis WSJ
It's been a decade since the dollar's drop seemed dangerous enough to spark a concerted response from the U.S. and its allies.
It's nail-biting time Kellner
Commentary: Corporate earnings set to slow
The Difference Between USD and USDX Pollock PDF
It Just Doesn't Matter Rostenko
Markets & Data Suggest That US Econ Recovery Is ARTIFICIAL SH
Housing Market Momentum At Risk NT PDF
Debt games could sink homeowners Petersburg Times
Why the housing bubble hasn't burst CNN
House of Cards: Refinancing the American Dream Demos PDF
The Housing Market – Are We Blowing a Bubble? ChartingTheEconomy PDF
Should You Invest in Real Estate? EW
Home prices jump record 21% in 2004 Union Tribune
Housing bubble vs. the train SM Times Hottest Zip Codes CNN
The Report Wall Street Doesn't Want You to Read Bloomberg
The States That Cut Taxes the Most During the 90s Have Suffered Lately CBPP
Social Security Deception Funded With Taxpayers' Dollars CEPR
Bush faces key economic challenges during second term AFP
Bush Tax Panel May Face Conflict With Firms' Clients BL
When your stockbroker is a robot Slate
It all sounds like a recipe for disaster. In theory, sell programs could trigger other sell programs, and cataclysm could ensue.
Citigroup's Prince, Stung by Scandals, May Post Record Profit Bloomberg
Fannie knew of Ginnie fraud probe Dow Jones Fannie Halves Dividend TS
JPMorgan Quarterly Profit Falls 11% on Costs From Bank One Purchase BL
GM Net Income Drops 37% on Health-Care Costs, Lost Sales to Toyota BL
Yahoo outshines the outlook of optimists FT
Business Outlook excludes the impact of adoption of Financial Accounting Standards Board Statement (FASB 123R) "Share Based Payments", which will be effective July 1, 2005. Yahoo PDF
Linear Technology Announces Accelerated Vesting of Stock Options PRN
The purpose of the accelerated vesting is to enable Linear to avoid recognizing in its income statement compensation expense associated with these options
Weak Dollar Helps IBM Finish 2004 Strong AP LU - MCD - PFE
ASML says outlook for 05 unclear FT AMD Posts Loss R Motorola cut - IMOS
Global PC Shipments Rise 11.8 Percent in 2004 Reuters
Charter Can't Turn Corner TheStreet
Leaving Krispy Kreme sunken is sweet, rich for exec Boston Herald
EMS founder says his ouster the result of power struggle Globe & Mail
Demise of Defined Benefits: New Evidence CFO
Tyco chief has $200m bonus pot FT
Down and Dirty at the Ebbers Trial Business Week
Hedge-Type Fund Eyes an Approach To Small Investors NY Sun
Icahn Raises About Half of $3 Billion Target for Hedge Fund Bloomberg
“I wouldn't be worried about it if I was Carl. I'm sure he will get his money.”
Fugitive indicted in Colorado fraud case caught in Spain Denver Post
Silver As An Investment: My .0031 Ounces Worth GE Get Up, Stand Up Butler
Streettracks Gold Trust rediscovers some of its appeal FT
BoJ Gov Fukui says forex movements have become unsteady AFX
Yen calling the shots in currency markets Business Times
Bank of Japan leaves ultra-easy monetary policy unchanged AFP
H.K. peg a separate issue from yuan link Bloomberg
China Wary About Canada's Push in Resources Sector Reuters
Politics versus monetary policy IHT (BL)
Predicting the People's Bank in China is a guessing game
China suspends 26 power projects BBC
Wal-Mart venture to expand in China Reuters
Venezuela Debt Rating Cut to Selective Default by S&P Bloomberg
Surge in oil price piles agony on consumers as household bills soar TOnline
Mitsui Mining draws pursuers as steel prices soar FT
'04 steel output highest in 30 years Japan Times
Broad backlash to Putin reforms CS Monitor
Rosneft Seeks $6Bln From China's CNPC Moscow Times
Swiss cuts up to 1,000 jobs Swiss Info
Tuesday January 18
U.S. Nov. capital flows $81 bln vs Oct. $48.3 bln CBSM US Treas
Factory activity slows in New York CBSM NY Fed
Survey shows greater aversion to risk CBSM
Global fund managers change views post Fed meeting
CEO Ousted at Troubled Krispy Kreme AP
For Hedge Funds Investors, Silence Is Golden Baum
Crude Prices Surge to Almost $50 a Barrel AP
Dollar Gains on Speculation Fed Officials Will Signal Faster Rate Increase BL
Dollar on the comeback trail Asia Times
2004 Quarterly Review and Outlook Hoisington
Wall St’s poor start could bode ill for year FT
Investors flock to corporate debt NYT
US distressed debt trading ‘dominated’ by hedge funds FT
“Hedge funds made up 82 per cent of trade volume in US distressed debt and almost 30 per cent of volume in US below-investment grade bonds and credit derivatives”
Has the hedge fund bubble burst? Scotsman
Market Action as Information Hussman
"Taylor" your Fed Expectations Hussman
US retail sales growth to slow FT
Sales in the first quarter are expected to slow to 3.7 per cent, against a 9.9 per cent jump in the same period last year
Housing bubble strong Boston Herald
More students sold on studying real estate CS Monitor
Home builders warn about rates? CNN
Who Suffers Most in Bubble? WSJ
First-Time Owners May Bear Brunt Of Any Bust in Home Prices
Is the Steel Industry in a Boom or on a Bubble? NYT
“China was sucking up all the steel on the planet. Customers feared shortages, and they bought double, triple what they needed."
Citigroup, Financial Companies' Earnings May Deepen S&P 500's 05 Losses BL
Weak dollar hangs over U.S. carmakers Reuters
Intel to split into five divisions FT
Airlines' losses expected to top $5B USAT
Nortel seen on borrowed time Globe & Mail
It is in non-compliance with debt obligations and, according to industry analysts, lags in product development.
Oracle conducts layoffs through letters Rocky MN
Industry picks up pieces as Ebbers trial begins NYT
EMS fires founder after review Globe & Mail
Parmalat Founder Blames Pride, CFO CFO
Comair President Resigns After Fiasco AP
Tale of the Tape NYP (Crudele) The 'idiot' defense Boston Globe
Suit alleges Janus was negligent Rocky MN
A New Economic Elite Sennholz
Business regulators set for tug of war CBSM
Business lobbyists plan to campaign this year to lighten what they consider excessive regulations governing financial disclosure and stock options. They're meeting with top staff of the Securities and Exchange Commission and also challenging the agency in court. Rules spur demand for accountants USAT
Not all stocks are created equal Hulbert
News flash: Legendary mutual fund manager Bill Miller last year did not outperform the average stock in the S&P 500 index.
Archipelago ahead in race for early trades FT
Manuel backs plan to sell IMF's gold Business Report
End of an era: tape fades out Daily News
Fears for global trade as shipping costs sink Times Online
Ports seize on south state backlog LA Times
Falling dollar puts squeeze on Asia FT
China's foreign exchange reserve exceeds 600b dollars in 2004 PDaily
EU Drops Probe of Widening Budget Deficits in France, Germany BL
Lenders in India cashing in on boom Bloomberg
Bundesbank criticizes Schröder plea on deficit IHT
Mexico Pension Funds May Favor Foreign Stocks as Rules Change BL
S&P cuts Philippines debt ratings IHT (BL)
Soaring CND dollar taking toll Globe & Mail
Demand for KFC Soaring in China AP
"In many parts of China, the local municipal governments actually view the arrival of a KFC as a sign of the city coming of age”
The Coming Wars New Yorker
Monday January 17
Markets Closed For Martin Luther King, Jr. Day
Inflation: if not now, later Brimelow
Intel's 'turnaround' will run aground MSN (Fleck)
Is a Home-Price Decline Crossing the Atlantic? Bloomberg
Is Social Security in Trouble? Depends on Whom You Ask Wharton
Waiting For The First Airline To Die Business Week
Delta's price war is bound to sink an airline or three. Who will fall soonest?
Alcan says weak US dollar has hit profits FT
Remember When Ken Lay Was a Genius? Morgenson
Tyco and WorldCom bosses for trial in adjacent courts Times Online
Tyco ex-chief unapologetic NYT
Kozlowski wants to be clear: the $6,000 shower curtain wasn't his idea.
Funds' trading abuses go unpunished CBSM
Yields on some money market funds go above 2% USAT
Gold will shine again, research house says Times Online
Gold may reach 25-year high, say strategists Bloomberg
Global impact of US economic woes TheStar
A weak currency doesn't equal higher inflation Independent (King)
Japan Fighting Deflation Decade After Kobe Pesek Wholesale pricesup 1.3% JT
Beijing will not allow RMB to appreciate People’s Daily
China's Shanghai Stock Index Falls to Lowest for Almost 6 Years BL
House price decline claims scalps among estate agents Independent
Khodorkovsky Faces Laundering Charges Moscow Times
BBC Investigates Abramovich's Money Moscow Times
Japan moves to drill in East China Sea Japan Times
Project sure to draw Beijing's wrath
China arms buildup key concern Asahi
Treasuries May Fall as Fed Officials Signal More Rate Increases Bloomberg
Gold May Gain ~ Yen May Extend Gain
Weekend Edition (Jan 15-16)
Analysts Fear Buying of Overvalued Stocks AP
Stock Funds May See Rare January Outflow R
Brad & Jen Aren’t Only ‘05 Breakup NYP
The Dollar Can?t Do It Alone Morgan Stanlley (Roach)
Shades of Irrational Exuberance PIMCO (McCulley)
Happy days are here -- now head for the exits Globe & Mail
The Problem of the Endgame Mauldin
No Fear in Stocks 2 Zeal
Bush's Achilles' heel? CBSM Viewpoints: Deeper into an abyss IHT
High U.S. debt ranks as global concern in the year ahead
Fed Again Falls Flat with Bubble Analysisd PBear (Noland)
The Battle for Social Security Chapman
Fewer Words Than Five Years Ago, Same Faith EW
Bush Social Security Proposal Is a Rip-off of the Baby Boomers PRN
Sooner or later, U.S. car buyers will pay - less IHT (BL)
Oracle Fires 5,000 Workers After PeopleSoft Takeover Bloomberg
Pendulum is swinging back in U.S. corporate crackdown NYT
Coffee, Milk $$ Fleece the Caffinated NYP
Bond markets braced for GM downgrade FT
The Donald's "Discount" Wedding Business Week
Bank of America fires analyst over photograph FT
Grasso Hits Blood on the Streets Fete NYP Book: Blood on The Street Amazon
Brave nightmare world Asia Times Review of The End of Oil Amazon
Nasdaq market continues to shed stock listings USAT
The Great Wall of shopping Asia Times
After 100 years, Japan goes abroad to find buyers for its bonds IHT (NYT)
'Golden economic period' to end BBC
Messages Falling on Deaf Ears CIBC PDF
Parmalat founder offers apology BBC
Friday January 14
Dollar Up vs. Currencies in Asia Trading AP
Dollar Gains; Poole Suggests Fed May Accelerate Rate Increases Bloomberg
U.S. Tech Exports Slide, but Trash Sales Are Up NYT (Norris)
Exports of advanced technology products are down 21 percent [since 1999], while those of scrap and waste are up 135 percent. To some extent the technology decline reflects the bursting of the bubble, but imports of technology products are up 28 percent, indicating that it's not just the bubble at work.
A cautionary tale about earnings Hulbert
Secular Bear Markets and the Presidential Cycle Comstock
Bears' Growl Grows Louder Business Week
Less A Secret Now, If No Less Dirty EW
Healthcare inflation to hit GM costs FT GM Shares Cut to Sell BW
Sun slips 5% after poor figures Reuters
Oracle readies PeopleSoft pink slips CBSM
Apple's Valuation Debate Begins TheStreet
EBay to Increase Fees, Angering Sellers AP
AMAT cutting up to 240 positions CBSM
Airlines Seen Losing More Than $2B in 4Q AP
Google Settles Options Case TheStreet
Nortel heads into Sarbanes-Oxley headwind Ottawa Citizen
Nine Will Plead in Ahold Fraud Probe CFO
Gold prices to rebound to 447 dollar average in 2005: study AFP GFMS
Not So Golden? BCA Research
Gold tends to respond relatively early to a shift in liquidity conditions, and lower bullion prices would confirm that the environment was becoming less friendly for financial assets as well.
Canadian Steel Prettier Than Gold? Fool
10 Day New Highs/Lows Cross Currents
Malaysia May Scrap Dollar Peg Before China Pesek
Thai foreign reserves seek refuge from US$ funds Business Day
A Chinese Revaluation May Not Help U.S. NYT
China's edge in exports these days goes far beyond the low wages of Ms. Pan, who earns $1 an hour, with free room and board.
China Money Mkts Week: Record Activity Shows Yuan Risks Dow Jones
China`s FDI inflows are not yet as strong as they appear H Thornton
U.S. official gives China a last nudge on piracy IHT
U.S.' Evans backs GM Daewoo claim CBSM
Mathematical formulas and other design information "were simply stolen from GM Daewoo"
China quashes the hopes of world's big tobacco firms AFP
Giants push FDI to US$60b high Standard
Textile jobs: The dragon's share BL
ECB May Increase Rates Should Economic Growth Pick Up, Weber Says BL
Risk of Irish property bubble - Trichet BizWorld RTB
Venezuelan Currency Weakens in Street Trading on Devaluation Speculation BL
Flush Russia Turns Tables on the West Moscow Times
Nearly six years ago, the world's rich nations were busy bailing out Russia from the throes of a deep financial crisis...
Elderly warned on equity release Guardian
75 detained in 2.8b yuan tax fraud case Xinhua
US investigates risk of losing oil supplies from Venezuela FT
Saboteurs strike Iraq's oil industry on daily basis: minister AFPIraq War Cost $102 Billion Through September, Pentagon Says Bloomberg
War Created Haven, CIA Advisers Report WP
Bush Expresses Misgivings About 'Bring 'Em On' Expression Dow Jones
Bush acknowledged that his tough language "had an unintended consequence."
Thursday January 13
U.S. stock losses deepen at midday as crude rises CBSM
Crude Prices Rise Above $48 a Barrel AP
U.S. powerless to dollar's plunge? CNN
Retail Sales in U.S. Rise 1.2%; Excluding Autos Gain 0.3% BL Census
Initial Jobless Claims Up 10K Last Week BL Import Prices Drop Sharply R
Bubble anniversary this week AP
Five years later, irrational exuberance still lurks on the stock market
Asset bubbles may be impossible to see-Ferguson Reuters Text
The Tech Illusion Schaeffers
American deficit hits record despite dollar NYT
"The trade deficit is a crisis waiting to happen."
U.S. wasting the edge it has in trade Norris
Two stunnings numbers Setser
Both start with six. China's end 2004 reserves: $609.9 billion . And the United States’ $60.3 billion November trade deficit.
Why the World Loves America's Deficits Benson
Take Profits On Overweight Corporate Bond Positions BCAR
Bond market swings mystify experts AP
I see a bad moon a-rising Mogambo Guru
Debt Safe Haven
It Certainly Feels Like 1929 Texas Hedge
The "House" Buys Stocks: What's Wrong With That? FallStreet (EW)
This is What REAL Growth in Credit Looks Like EW
Small firms plan to raise prices USAT NFIB
The share of small firms planning increases in the next three months rose to 30% in December, tied for the biggest share in six years
Apple Computer's Profit More Than Quadruples on IPod Sales; Shares Surge BL
Ultimately Bankrupt Fool
Fannie Mae's Annual Earnings May Drop for First Time Since 1985 Bloomberg
Fixing Fannie Mae AEI
Who else got options from Taser? CBSM
TheStreet.com for sale? Reuters
Airlines: "Cutting Off Their Nose" Business Week
American carmakers are facing tough year AP
Is Bond Market Still Too Complacent on Ford, GM? BL
Level 3 plans layoffs RockyMN
Chipmaker Infineon warns on quarterly results FT
Tenet Tries to Shake Redding Woes TheStreet
Feds Agree to Extend US Airways Financing AP
SEC prepares NYSE charges - report CBSM
The SEC is preparing to charge the NYSE with failing to police its specialists firms and ignoring violations that cheated investors out of millions of dollars...
SEC Wants to Settle Auction-Rate Bond Investigation Bloomberg
Sales of the bonds, whose yields are reset periodically by auctions, can be manipulated when brokers share information on bids.
SEC Steps Up SunTrust Probe TheStreet
McKesson to Settle Shareholder Lawsuit AP
Lease Accounting: Food for Thought CFO
Don King Sues ESPN for $2.5 Billion AP
Trump sues Cordish Co. over Fla. casino project BSun
Morgan Stanley fined - record $19 million settlement with NYSE IHT
M&A Action Expected To Get Hot and Heavy This Year Crudele
Fed chief's legacy gets bad review Dallas News
Gold's Dust vs Dusty Gold North
Super Bowls Don't Equal Super-Sized Profits Forbes
Interest rates stay unchanged Guardian
Borrowing boom coming to an end This is Money
Argentina gives debtholders ultimatum: Now or never Reuters
"There will be no improvement, there will be no new swap”
China's `Long Landing' Looks Deceptively Soft Bloomberg
China: Crude oil imports top a hundred million tons in 2004 People’s Daily
That is a year-on-year leap of 34.8 percent.
China's busy consumers flock to easier credit CS Monitor
China cracks down on gambling BBC
China's authorities have announced a campaign to stop rampant gambling, especially among government officials.
Strength of loonie lowers board's economic forecast Globe & Mail
Argentine Debt Investors Plan to Reject Government's Restructuring Offer BL
Share investment level set by some brokers 'is unfair' Gulf News
Russian tycoon gives away holdings in Yukos NYT
Nigerian decision baffles investors FT
Russian Missiles Put Israel on Alert Moscow Times
US warns Russia on selling missiles to Syria AFP
Debt freeze for tsunami nations BBC
Wednesday January 12
Fed will closely watch housing prices Reuters
Subprime lending a worry for Fed exec USAT
Trade Deficit an Ugly Reminder for US$ CIBC PDF
U.S. Trade Gap Widened to Record $60.3 Bln in Nov. BL Census
$ Falls Against Euro, Yen After U.S. T-Deficit Widens to a Record BL Gold Up
Crude Prices Gain on Heating Oil Demand AP The Myth of "Peak Oil" Mises
Mortgage Applications Decline Reuters MBA
Debunking the January Barometer Schaeffers
Dollar on an oily slope Asia Times
Morgan Stanley Expecting a `War of Interventions' Bloomberg
Not where we should want to be Setser
Asian countries spent almost $530 billion propping up the dollar in 2004.
Fed's Greenspan faces a tricky balancing act Times Online
The dark side of the boom CNN Money
Giddy about soaring real estate values? Darlene Murdick was too - until she saw her latest property tax bill.
Active fund managers fall short of indexes in 2004 CBSM
U.S. would link scrutiny of pensions to companies' credit ratings NYT
401K FallStreet (EW)
Provisions used to trigger Nortel bonuses FT A Nortel dilemma TSun
WorldCom settlement challenged Reuters
SBC says Q4 earns to include $250 mln in charges Reuters
Bush pension plan may hit Qwest hard Denver Post
Harvard fund managers leave amid furor AP
Feds: FBI Agent Fooled Public NYP
Monitor says probe needs access to Black Globe & Mail
Paid Enough to Buy the Product Mises
Forex trade volumes hit record levels FT
NYSE Cheap Seats: $975K NYP
The crashing value is one of the steepest suffered in the 137-year-old history of the exchange
SEC's Donaldson easing on reform? Reuters
Chairman now backs watered-down trading rule fixes.
Is gold losing the Midas touch Reuters
ScotiaMocatta Montly Metal Matters SM
U.S. Lost 1.5 Mln Jobs to China in 1989-2003, Report Says Reuters
U.S.-China Trade, 1989-2003 EPI
China jumps to be world third largest trader People’s Daily
China Risks Backlash From U.S. Over Subsidies, Currency Peg, Evans Says BL
Foreign Investment in China in Major Retreat Epoch Times
China: 2005 Policy Scenarios Morgan Stanley (Xie)
It's a Dollar-Eat-Dollar World Here in Asia Pesek
Key gauge of economy again shows bust Japan Times
Japan's $3T postal privatization to have significant impact on markets AFAR
Economic Growth Falls to 5-Year Low Moscow Times
Europeans and U.S. avert clash on trade NYT
Euro to Play Greater Role in Global Reserves, Says SAMA Chief ArabN
Bank of England seen keeping rates steady despite Christmas blues AFP
Australian Consumer Confidence Surges to 11-Year High Bloomberg
Argentina's debt plan on tour NYT
Chile Unexpectedly Raises Benchmark Rates After Expansion Quickens BL
Strong euro to dent Mercedes earnings AFP
Canada Finds New Mad Cow Case Reuters
Search for Banned Arms In Iraq Ended Last Month WP
Bush Paints Grim Outlook to Sell Social Security Plan Reuters
Bush offered no new details on how he would pay for the estimated $1 trillion to $2 trillion transition costs for establishing private accounts.
Tuesday January 11
Intel: Record Sales, But Profit Falls Reuters
AMD plummets after Q4 warning CBSM
UPS Lowers Forecast, Shares Fall Reuters
Breaking Point FS (Puplava)
Has the financial world has lost its marbles again?
Chain Store Sales Fall in the Latest Week Reuters
Fallacy of Composition Hussman
The Sure-Thing Syndrome Morgan Stanley (Roach)
Dollar Dips Against Euro for Second Day AP Oil Prices Edge Up
Dollar Falls on Report Snow Says `Market Forces' Determine Rate Bloomberg
The Calm Before The Storm Rostenko
Wall Street Hears Pitch for Social Security Plan NYT
Even a hint of panic in the bond markets would be enough to kill support for Mr. Bush's plans in Congress.
The Iceberg Cometh Krugman
“It's the standard Bush administration tactic: invent a fake crisis to bully people into doing what you want.”
In GOP, resistance on Social Security WP
I’m Worried About My Retirement; You Should Be, Too Crudele
Bush Names Hubbard as Economic Adviser RÂ Can we sink any lower? NR
Bush's Plan for the PBGC CFO
Impervious Economists, Exploding Myths EW
Has the Resources Boom Come and Gone? Wood
Alcoa Profit Slips on Costs, Weak Dollar Reuters
Textile Maker to Cut Nearly 2,500 Jobs AP
Nokia to Lay Off a Few Hundred R&D Staff AP
AMD warning raises concerns ahead of Intel report Reuters
Nortel Completes Restatement; Officials to Repay $8.6 Million in Bonuses BL
Airlines see little relief in year ahead MSNBCÂ A Precarious Perch Schaeffers
Columnist Calandra in $540,000 SEC Settlement TheStreet
Two Former AOL Execs Charged With Fraud AP
China's Exports Rise 33%; Trade Gap Widens to Record BL
U.S. says Chinese tax isn't enough NYT
The fault lines that could shake Asia Asia Times
Russia's economy minister lashes out at Yukos re-nationalization AFP
U.K. Retailers Had Worst December in Over a Decade Bloomberg
Morrisons suffers flat Christmas sales Guardian
Kassie denies raiding CIBC Globe & Mail
Monday Janaury 10
November Wholesale Inventories Up 1.1 Pct Reuters Census
Geezers and grumps dig in Brimelow
Crude pushes toward $46 a barrel CBSM
Iraq's northern pipelines smolder Reuters Storms Disrupt North Sea Output B
Refining operations halted as fighters declare "total war" on the country's oil infrastructure.
U.S. Dollar Drops Slightly AP
2005 – Another Year of Gains for all Asset Classes???? Faber
Political blame prevents policy co-operation Independent
Lex: US Treasuries FT
Where Oh Where Has Bond Market Volatility Gone? Baum
Bankers alarmed for dollar IHT (Reuters)
Greenspan: 'The Devil Made Me Do It!' North
World On Brink Of Ruin Ackman
The difficulty may not be living up to the chairman's reputation so much as cleaning up his mess.
What Mr. Market can learn from Mother Nature MSN (Fleck)
Financial insanity is gripping the country. We’re speculating on everything from stocks and bonds to houses. When a dislocation comes -- and it will -- watch out.
Gold hasn't lost its shine MW Gold funds may shine in '05 GM
A heart of gold gives portfolios a natural edge FT
Taylor On US Markets & Gold GE
Gold May Rise on Concern Inflation Will Accelerate BL
US pensions pain ‘to get worse' FT
Increasing pension costs are likely to remain a concern for years to come
Wall Street Turns Into Heartburn Alley WSJ
Past experience shows that if stocks fall at the start of January, it can be a sign that something isn't quite right.
Start Weighing the Options Smart Pros (Business Week)
Barring congressional intervention, one of the great accounting debates of all time has ended
Critics eye timing of stock options Boston Globe
Shame on the SEC Byron
A bad idea comes back again Harding
Pay is great for surviving tech titans Chicago Tribune
GM chief admits doubts over targets ~ Carmakers face pick-up showdown FT
China 'not ready' to export cars to US: GM executive AFP
Toyota Threatens General Motors' 80-Year Reign as Top Automaker Bloomberg
GM poised to cut jobs AP
Murdoch Will Buy Rest of Fox Shares in $7 Billion Deal NYT
Alltel in $6B wireless deal Reuters
Truck driver and cargo of nickels missing UPI
Evans to Prod China to Toughen Copyright, Trademark Crackdown BL
South Korea's Kospi Falls for Sixth Session; Kookmin Bank Drops BL
Banks face increasing pressure to improve quality People’s Daily
The worst of bourses TheStandard
The market is steered by the ``visible hand'' of the government, which, King Canute-like, continues to hope it can command the market's direction. In the four-year bear market, the government has continued to release bullish news without hiding its desire to prop up the market.
So private Chinese citizens now prefer renminbi to dollars ... Setser
Let China's Retail Wars Begin Business Week
Bearish sentiment likely to continue Korea Herald
ECB plunges deeper into the red as a result of weak dollar AFP
U.K. Real-Estate Slump May Cause Equities Decline BL
Citigroup executive to lead Bank of Israel FT
Indonesia's in Spotlight Amid Death and Debt BL
Abbas declares victory in election NY
Weekend Edition (Jan 8-9)
U.S. Stocks Have Worst Start to Year Since 1991 on Interest Rates Concern BL
Markets see worst start in decades CBSM (Video)
We have seen the worst opening three days of a new year in breadth in the history of the markets going back to '26
More losses ahead after rough week CBSM
Kohn Says Fed Will Weigh More Steps to Transparency BL
If Directors Snooze, Now They May Lose Morgenson
Forecast 2005: The See-Saw Economy Mauldin
Apocalypse Later Richebächer The Missing Link
Issues 2005 PBear (Noland)
Tactical Silver Trends 2 Zeal
The New Year Chapman
The Real Social Security Issue NT (Kasriel)
Fed: Doesn't Lead, Usually Follows, Sometimes in the Way EW
Ex-Enron Directors Settle Investor Suit for $168 Mln Bloomberg
Those I.P.O.'s Are Sizzling Hot. Uh-Oh. NYT
New Threats to a Five-Year Run NYT
Don’t count on a repetition of the brilliant five-year run of emerging-markets bond funds.
For Unemployed, Wait for New Work Grows Longer NYT
3.6 million American workers who ran out of unemployment insurance benefits last year, the most in at least three decades,
Festive season hangover felt across the high street Times Online
The Week Ahead: Does This Change Anything? CIBC PDF
Ex-finance chief quits Shell after reserves scandal IHT (NYT)
U.N. Audits Show Oil-For-Food Bilking AP
Argentina Urges Bondholders to Participate in Default Debt Swap BL
G7 supports tsunami debt freeze BBC
U.S. consumer credit falls record $8.7 bln in Nov Reuters FED
Friday January 7
Metals Stocks: Gold futures log one-week loss of almost $19 an ounce CBSM
Airbus to Raise Jet Production by 15 Percent in 2005, Person Familiar Says BL
Payrolls increase by 157,000; Unemployment Rate at 5.4 Percent BL BLS
Employment Picture Still Dreary Comstock
Dollar Falls for First Day This Year Against Euro on U.S. Payrolls Report BL
Dollar Days Schaeffers
Dollar May Snap Three-Year Drop Versus Euro in '05, Survey Says BL
Markets Changing Character Financial Sense
CEOs today hear no evil, see no evil NYT (Norris)
WorldCom settlement makes directors fret NYT
The Naked Hegemon Asia Times
PART 2: The center of the doughnut
A golden wall of worry Hulbert
Gold bullion's plunge over the past month is likely to be a mere correction within the confines of a long-term bull market.
Edge of unknown Toronto Sun
Is it just gold bugs espousing "voodoo" to try to scare us into buying the glittery stuff? Or is a financial Armeggedon really upon us?
Housing sector shows few signs of slowing MSNBC
Real estate funds rose an astounding 32% USAT
Pension Agency Is About to Get a Rescue Plan NYT
The administration also hopes to make companies freeze their pension plans when they are in bankruptcy.
US court lets US Airways void labor contract, drop pensions AFP
Workers Suffer As Air Carriers Cut Costs AP
Continental Could Face Liquidity Crisis AP
American Plans to Match Delta Fare Cuts AP
Bond trade damage to Citigroup name FT
Taser Is Subject of SEC Inquiry AP
Brocade to restate results for two years CBSM
Bad news hits stocks of Target, Best Buy PP
Spitzer subpoenas Buffett's Berkshire CBSM
Monsanto agrees to $1.5m crop bribe penalty FT
Marsh boss pleads guilty to fraud BBC
Former Hollinger officials resisting interview G&M
Jury Finds Wal-Mart Worker Poisoned Boss AP
McKesson wants fraud probe sealed CBSM
Refunding Bonuses for Restated Earnings CFO
SEC Risk Chief Lost Money On Enron NYP
Big Board seat price hits 9-year-low DJ/AP
Tanigaki Says Japan Must Work Harder to End Deflation Bloomberg
German Factory Orders Fall 2.3%, the Biggest Decline in 5-Months BL
Will carmakers reignite U.S. trade war? Yomiuri
Put the brakes on, car firms told Guardian
Global overcapacity risk revealed
EU car industry set for margin squeeze amid soaring raw materials costs AFP
China wants to build world-class companies. Can it succeed? Economist
China Inc. Flounders in Foreign Waters Reuters
Bundesbank profits whittled down to nothing by strong euro AFP
Ashikaga Bank misstated borrowers' condition Yomiuri
India Is `Interested' in Yukos Assets, Minister Says Bloomberg
Yukos wonders whom to sue Houston Chronicle
Unemployment rate fell to seven per cent in December, says StatsCan CP
Brothers urged to settle feud over Reliance FT
Turks adjust to new currency CS Monitor
Marks & Spencer's Annual Profit Will Miss Estimates BL
Will Bono Be There for Asia If World Forgets? Pesek
Ravaged Sri Lanka seeks EU duty cut Times Online
Tsunami impact on Asian economies DBResearch
Thursday January 6
NY Gold Tumbles Early, Eyes on $420 Support Level Reuters
US Treasuries cling to gains, ruffled by Hoenig Reuters
Jobless Claims Surge Unexpectedly Reuters
Dollar Gains Against Euro, Heading for Longest Rally in More Than a Year BL
Oil Prices Decline on Inventory Report AP EIA
Jobs Report Could Be Bad News For Investors NYP (Crudele)
The Naked Hegemon Asia Times
Part 1: Why the emperor has no clothes
The Sun'll Come Out? Or Not. Schaeffers
I am starting to LOVE this Casey guy! Mogambo Guru
I want to talk about one problem... Russell
Tragedy or Mystery or Both? Bonner
Foreclosures grow as refinancing increases MSNBC
Junk defaults fall to 80% below 2002 peak FT
Investors lament the drought in dividend, interest yields Currier
If economic conditions deteriorate, increasing the chance of defaults, yield hounds can all too easily wind up trading a little short-term gain for a lot of long-term pain.
Spread widening: The beginning of the end? Reuters
Outlook 2005: Reflation Trades Are In The Final Innings BCAR
Unraveling the mysteries of the Treasury yield curve Setser
Rushed Fed Minutes Could Use a Good Rewrite Man Baum
Newcomers to Energy Could Make This Year's Price Swings Wild NYT
Flirting With Disaster Smart Money
Airlines balk at Delta's fare cuts AP Moove could finish off US Airways PG
United in Standoff With Unions, Creditors AP
Sovereign Writing Down Fannie, Freddie Preferred TheStreet
1st round of layoffs at Cingular disclosed Seattle Times
National Semiconductor to Cut Staff Reuters
Carat cuts advertisement growth forecasts FT
Falcon Products stumbles to the brink STLtoday
D.E. Shaw, a Hedge Fund, Loses Right to Keep Investments Secret NYT
Wal-Mart comp sales growth slows CBSM Mixed Holiday Sales ~ Schaeffers
Retail giant forecasts 2-4% January same-store sales rise
Harmony up 7%, Gold Fields up 5.9% Business Day
Ten WorldCom ex-directors to pay millions Morgenson
ACE to take $298m charge for asbestos claims FT
More Than $4.8 Million for Lucent CFO CFO
SEC Examines Rebates Paid to Large Funds Dow Jones
Have some money managers, including hedge-fund managers, used rebates to enrich themselves or their firms?
U.S. Chamber chief blasts Spitzer Reuters
"It is the most egregious and unacceptable form of intimidation that we have seen in this country in modern times."
Sarbanes-Oxley: A Sense of "Siege" Business Week
"The system may have become too prosecutorial," fears John Snow
Sarbanes-Oxley corporate reform measure under attack Seattle Times
No Escaping Sarbanes-Oxley Business Week S-ox.com
Flavored cigarettes, colorful wrappers ignite ire USAT
Fred McConnell, a spokesman for RJ Reynolds Tobacco Co., says flavored cigarettes are priced to make them less affordable to children.
Why Gift Cards Are Evil Slate
In a Booming Market, Houses Hike Commissions NY Sun
Two tech titans are replaying the VHS vs. Betamax fight Macleans
Business Confidence in Europe Unexpectedly Falls; Euro Gains Hurt BL
Dollar widely expected to slide further in 2005 Business Times
Asian currencies could emerge tops if China and Malaysia adjust pegs
CIMB sees ‘bubble’ in Malaysian bond valuations BT
Asia posing major challenge to American competitiveness: US chamber AFP
Rethinking the China Threat BW
China close to approving $30bn injection for ICBC FT
Consumers pay Ł400m credit card penalties Times Online
Chinese overseas investment hit 1.8 bln US dollars from Jan. to Nov. PD
Top execs tick off litany of concerns for 2005 Japan Times
Central bank has reason to clip loonie's wings, forecasters say G&M
Irish exporters issue growth warning in 2005 IOL
Credit firms 'using sneaky tricks' to boost borrowing Scotsman (R)
Plumber declared bankrupt with debts of more than Ł20m Guardian
CIBC sues six former employees Globe & Mail
Scandal at NAB: three more charged This is London
The shifting politics of global giving CS Monitor
Government pledges of relief top $3 billion. Why some recipients say, 'No, thank you.'
Debt relief for tsunami-hit countries bears risks, say experts AF
Wednesday January 5
U.S. Services Industry Expands -- ISM Index Climbs to 63.1 BL ISM
US Dec. layoffs up 4.3% to 109,045 CBSM
Dollar Rises to 3-Week High Against Euro; Fed May Speed Rate Increases BL
All eyes on dollar's yo-yo ride Business Day Gold Eases in Asia Reuters
Just a Singer in a Rock & Roll Band PIMCO (Gross)
Stocks are not cheap Hulbert
New S&P chart shows valuations have risen as quality has declined.
Happy Endings? Schaeffers
Dealing with a high-expectational environment is like dealing with a schoolyard bully. Just the slightest show of weakness can result in a beating.
What to Do about Bubbles? Janszen
Bond bubble, American-style Asia Times
The Fed has engineered the largest one-way bet in history.
Pimco Bets on TIPS, Bunds in 2005 Bloomberg
A Guide to Global Inflation-Linked Bonds PIMCO
Are we spent on buying yet? AP
The stimulus valves tapped by consumers in the past five years — such as low interest rates, tax breaks and the mortgage cash-out craze — are drying up.
Deliver us from our credit cards CS Monitor
More weary shoppers are turning to God as an antidote to out-of-control debt levels.
'04 foreclosures climb Denver Post
Stopping the Bum's Rush Krugman
Guns Won't Give Investors Butter Business Week
S&P believes defense stocks like Lockheed Martin and Northrop Grumman are overpriced and has a negative outlook on the group
The Trouble With Fannie Newsweek
GM, Ford sales down in 2004 AP
Amid woes, US Airways lowers fares Miami Herald Delta Announces Cuts AP
Eastman Chemical tumbles on warning Reuters
Circuit City same-store sales fall 5.8% Reuters
Ex-Cendant vice-chairman convicted of fraud FT
Federated ex-CEO charged with perjury Reuters
SEC Files Fraud Charges Against TV Azteca AP
Recent SEC about-faces reek of corporate currying Houston Chronicle
CNBC-U-Later NYP
Since the Internet meltdown of 2000, CNBC's daytime viewers have declined 61 percent, while its primetime ratings have skidded 64 percent.
The Genius and Struggle of PayPal Mises Book: The PayPal Wars Amazon
Crude Oil Little Changed After Surging on Saudi Production Cut Bloomberg
China Cuts Money Supply Goal to 15% to Curb Inflation Bloomberg
Fear that spending will follow housing market Times Online
Hedge Funds in Asia -- Mania or Mere Trend? Bloomberg
Merrill's first China fund falls flat in weak mkt Reuters
Korean Won Drops on Concern Nation to Sell; Taiwan Dollar Falls BL
France and Germany likely to miss growth targets Guardian
Vehicle sales fall to lowest level since '99 Globe & Mail
Public Distrust A New Challenge For HK Govt Dow Jones
China Aviation Oil Creditors May Lose 60% of Money Owed, People Say BL
Advance to accounting's holy grail FT
UK fraud levels double Accountancy Age
Debt relief for disaster countries is gaining IHT
Fed Minutes Hold More for the Markets to Ponder Berry
Fed minutes reflect inflation concerns Reuters FED
Tuesday January 4
Gold logs steeper drop on dollar gain CBSM
Dollar strength sparks rout in base metals FT
Krispy Kreme to Restate '04 Results Reuters
U.S. Factory Orders Rise 1.2 Percent, the Biggest Increase in 4Months BL C
The Lessons of 2004 Morgan Stanley (Roach)
Laffer's Laugher Northern Trust PDF
Art Laffer’s op-ed piece in today’s WSJ, “Destination U.S.A.,” is another example of card-carrying supply-siders’ ability to get any economic nonsense published in this rag.
The Stock Market’s Rally Could Be Winding Down NYP (Crudele)
Euphoria? Schaeffers
The Consensus Puplava
Forecasting the stock market's future WSJ
Acampora versus Bernstein
New year, new uncertainties for global economy Independent (King)
Relief Slow in Coming for the Great Yield Drought Currier
U.S. Currency's Weakness Has Far-Reaching Ramifications WP
Prospects are grim for dollar NYT
Why Should the Dollar Rally? Saville
"Take Care in the Stock Market" Business Week
Cash Flow in '04 Found Its Way Into Dividends NYT (Norris)
Social Security Formula Weighed Washington Post
Bush Plan to Cut Promised Benefits
Lawsuit: Krispy Kreme Knew of Slow Sales AP
Capital One sued over marketing practices MSNBC
Billionaire Seeks Safekeeping NYP
Soros is suddenly worried Big Brother might now come after him.
SEC Should Follow FASB and Clean Up Its Own Act Bloomberg
Bracing for record coal prices IHT (BL)
Oil Prices Sag on Continued Mild Weather AP
Aluminum, Copper Fall Most in 2M on Concern Chinese Demand to Slow BL
Preparing for a doomsday internet attack CNet
German Unemployment Rises to Seven-Year High BL
Wobbly dollar spells big trouble for central bankers The Australian
China textile makers bask as quotas expire IHT (BL)
Europe 'will have to act on dollar' Telegraph
UK November Mortgage Lending Slows to Weakest Since June 2002 BL
Housing slowdown on cards Herald Sun
A top Putin critic is taken down a peg IHT (NYT)
Malaysia seizes $A1b in fake US bonds AAP
GE unit in Japan targeted in tax investigation Asahi
Monday January 3
Gold, silver hit multimonth lows on liquidation Reuters
U.S. Stocks Fall on Employment, Construction Data BL
Stocks to Surge at Start of 2005 Trading AP
Leverage and after FT
Reacting to a Dollar With No Muscle Norris
Unsettling thoughts for dollar-lite punters: A new Asian crisis in reverse FT
A Wild Guess For 2005 Decision Point
Greenspan, Clinton fueled '90s boom: Morgan Stanley TT (Bloomberg)
Has Greenspan Over-Pumped the Real Estate Bubble? OpEd RE bonanza SF
Manhattan's price per pad tops $1M Nd House in Hamptons sells for $45M AP
Booming China heads for collision with West Times Online
Intransigence over fixed exchange rate will cause tension, ‘prophet of doom’ Marc Faber says
An Interview with Dr. Marc Faber 321
In the new year, companies will try to reduce cost of stock options AP
U.S. market crash is in the stars Globe & Mail
Warning over US pension insurance fund liabilities FT
Crude Oil Falls as Much as 1.8% as Mild Weather Heads North in U.S. BL
Wal-Mart's December Sales Rise About 3%, Boosted by Late Shoppers BL
Intel Brings N.Mexico Jobs, Pollution Reuters
U.S. Air avoids another debacle AP
Two Faces For PWC NYP
Weight loss companies: low-carb is dead Reuters
Year ends quietly -- except for gold Brimelow
Taylor On US Markets & Gold G-E
In The Cards For Gold: Spectacular Upward Move Emry PDF
New highs in gold to glitter 2005 Financial Express
Gold prices could shine in the new year Harding
Metals look solid for 2005 IHT (NYT)
Why metals are now a precious commodity Guardian
Wall on the Street Citizen-Times
Studies by Dalbar Inc. have consistently shown that the average mutual fund investor underperforms not only the market indices but also the performance of the funds in which they invest.
The true stock market investor looks at returns, not price Jamaica Observer
A 'purchaser of price' is a speculator; a 'purchaser of solid businesses' with sound fundamentals is an investor.
Maybe at the billionaire level, happiness is assured... USAT
The Catastrophe Problem New Yorker
Chinese-made cars to hit U.S. soon CBSM Patently Absurd CATO
Dell/HP Slash Notebook Prices to Compete with Lenovo-IBM China.org
Singapore growth at 8.1% in 2004 BBC
Falling house prices the biggest worry FT
UK housing: remember who told you so? AME
Nightmare scenarios for 2005 -- new year dreams for economists Japan Times
The severing of the dollar's relationship with gold did not happen over half a century -- it happened overnight.
Too much of a good thing? Globe & Mail
Canadian equities are "priced for perfection. I need the market to crap out, or 2005 will be the last year of my career."
Fears over new 'fair value' accounts Guardian
Canada Reports Mad Cow Infection, Third Case Ever Found in North America BL
Federal Bank loses $111-million Financial Post
Madagascar completes currency switch BBC
Dollar May Decline ~ Gold May Rise BL
Wall Street Bears Look to '05, Nurse '04 Wounds Reuters
Weekend Edition (Jan 1-2)
ROC And Rollover? Contrary Investor
Getting Close to the End? Schaeffers
The Envelopes, Please Morgenson
Questions on Jobs May Slow Buying Spree AP
America's Creativity Crisis Mauldin
Year in Review: Reflation to Gross Over-Liquefication PBear (Noland)
Surviving Speculation Zeal
Insiders Out NYP
Executives at United States companies sold stock last year at levels not seen since the bursting of the Internet bubble in 2000.
A New Year's Stock Story So Dumb It Might Be Wise BL
Lilly Said to Know of Prozac Risk in '80s AP
Battle looms for US float of Chinese banking giant Times Online
Turkey Launches New Currency AP
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