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Tuesday January 15
Intel Feeds the Bear Street
Stocks in U.S. Tumble on Citigroup Earnings, Unexpected Retail-Sales Drop BL
Wall Street to Fed: Cut rates now! CNN
Bank of America Will Cut Additional 650 Jobs at Investment Banking Unit BL
Buy Citigroup for a Rainy Day? Kass
Applied Materials To Cut Global Staff By 1,000 Jobs, Or 7% MW
Williams-Sonoma Declines Most in Five Years After Cutting Profit Forecast BL
Merrill, Citigroup Get $21 Billion From Outside Investors to Boost Capital BL
Wall Street banks have now received $59 billion, mostly from investors in the Middle East and Asia, to shore up balance sheets battered by more than $100 billion of writedowns
Retail Sales Unexpectedly Fall 0.4%- Worst Year Since 02 BL Census - PPI - Empire State
Wholesale inflation shot up in 2007 by the largest amount in 26 years
Citigroup Posts Record Loss, Cuts Payout, Will Get $14.5B Infusion - PR - Notes from Call
The fourth quarter may be the worst earnings period for the financial industry since the Great Depression.
ECB warns crashing dollar may stop Fed cuts Evans-Pritchard
How To Survive In An Artificially Maintained Market Saut
The inflation iceberg Livemint
Economic stagnation in America results in inflation elsewhere and finally washes up on the shores of the US, too
The beginning of the end of the beginning State Street PDF
A contrarian take on inflation risks Hulbert
The word on the Street is stagflation USAT
U.S. Recession Is Bigger Risk Than China Slowdown, Malkiel Says BL
Running Numbers New Yorker
Subprime Nation Buchanan
Too late to rescue U.S. economy? Toronto Star
The rescue brigade has finally arrived, but does it know what to do? And isn't it already too late?
Bush, Congress Return to Faltering Economy... BL
Bernanke could be caught in tug of war over stimulus plan USAT
Bernanke Backs Some Stimulus, Democratic Aide Says BL
If the Fed is busy mobilising its economic weapons, why is the Bank holding back? King
IMM positioning - Largest net long JPY position since end of 2004 Danske PDF
What can we expect from the greenback if a U.S. recession hits? NB Financial PDF
The U.S. dollar’s performance varies widely during U.S. recessions. On average it tends to weaken slightly.
Greenspan joins NY hedge fund FT
Paulson: “Few people, if any in the world, have the experience with, and depth of understanding of, global financial markets [of Mr] Greenspan.”
Greenspan Sees U.S. as Likely In Recession, or Soon to Be WSJ
Tears on Wall Street Hutchinson Recession? Stelzer
Sub-Prime, Consumer and Commercial Debt will weigh on Markets in 2008; Roseman Blog
The Piper Comes Calling by 2009
This is not your father's recession Kellner
Stocks: Any Relief Will Be Brief Business Week
Insight: The fire threatens credit insurance FT
The next lot to ignite will be credit insurance in the form of credit default swaps and monoline insurance contracts.
Moody's lament: Our job is too hard Salon
Merrill Lynch Receives $6.6 Billion Investment From Korea, Kuwait, Mizuho BL
Citi plans 'sizable' dividend cut, Journal reports MW
State Street Earnings Fall 28% on Legal Costs for Subprime Mortgage Losses BL
California's $49 Billion of Debt May Be Cut by Fitch BL
Countrywide bankruptcy 'a malicious rumor' AP
Subprime lender to file for bankruptcy AP
CIBC braces for new hit G&M CS Cuts
“Bigger-than-expected offering ‘does suggest that clearly there are further writedowns that are going to take place'”
Credit crunch trickledown G&M Gowlings Trendwatch
Centro Chief Scott Quits, Leaving U.S. Head to Refinance Mall Owner's Debt BL
BOJ head: Subprime mortgage crisis had bigger-than-expected impact on Japan economy AP
From credit crunch to hedge credit strategies Asian Investor
Subprime or Bubble: What's the Bigger Problem? Baker
Bill Ackman on MBIA & bond insurers YouTube (Bloomberg TV - Jan 11)
Mortgage lending to fall 16 percent AP
Real estate: Darling of 2006, busted in 2007 Asian Investor
Good news and bad news for earnings CNN
Sprint to lay off thousands: Report CNN
Intel Faces Demand Doubt TheStreet
14 winning strategies for a bear-market recession Farrell
Stocks on My Short List Kiplinger (Glassman)
Ten worthy investments for 2008, culled from some of the best stock pickers in the industry.
Gold, platinum near historic highs; uptrend intact Reuters
Gold could soon pass the US$1,000 level Embry PDF
LBMA forecast contributors see average price of $862 for gold in 2008 LBMA PDF
Gold Sector Update: No Speculative Froth, Yet Saville Barbera
Gold in the time of economic cholera Mogambo
No austerity in Italy jewelry despite gold rise Reuters
Most Commodities Overbought Bespoke Blog
Chinese and U.S. Demand Drives Commodities Surge NYT
Can the global commodities boom survive a U.S recession? IHT
Ethanol Plant's Bust Offers a Preview to Bond Buyers Mysak
From cradle to grave in one year? Quite an accomplishment!
Bush urges OPEC to increase oil output G&M
Saudi Arabia Will Increase Production of Crude When Justified, Naimi Says BL
SEC takes fresh look at oil sands reserves G&M
“It's pretty tough to get the word out [on your reserve base] if you can't recognize it on the books.”
Freight Index Falling UBS
Cloned Animals May Be Used to Produce Milk, Meat for U.S. Market, FDA Says BL
Tokyo, Hong Kong stocks lead Asian retreat MW
UK high street has echoes of 1990s recession Telegraph
Food and fuel drive fastest rise in industry's costs for 16 years Times Online
Food cost increase adds £750 to annual bill Telegraph
“We now have falling real take-home pay, soaring food and fuel costs and rising commodity prices, which are made worse by the slide in the value of the pound”
German Investor Confidence Falls More Than Expected to Lowest in 15 Years BL
Japan's central bank dilemma: Raise interest rates, or lower them? IHT (Reuters)
Money For Nothing Newsweek
Asians are once again battling massive cash flows, but unlike in 97-98, the tide is coming in.
Yuan breaks 7.25 mark against dollar Xinhua
China's slowdown FT
China: Thoughts at the start of 2008 Goldman Sachs PDF
China's Consumer Is Stymied by Lack of Credit BL
Canadian Business Outlook Survey: Losing Altitude BMO PDF
China’s Holdings of U.S. Securities: Implications for the U.S. Economy CRS PDF
The unsettling zeitgeist of state capitalism FT
SKorean investigators raid Samsung head office: officials AFP
What the Iraq war will cost the U.S. Lawrence Lindsey
Discovering China on a Bicycle Platinum Quarterly PDF
Monday January 14
U.S. stocks end higher, investors cheered by IBM results MW
Who Is Buying Gold? UBS
IBM Rises Most in Five Years as Sales, Profit Top Estimates on New Markets BL
Kass Katch: Buy the Financials. Yes, Buy TheStreet
China may block $2B Citi deal - report AP
Sears Lowers 4Q Outlook, Shares Fall AP
Talk of emergency rate cut hits dollar FT
Gold hits record above $910; platinum, silver surge Reuters
FX Trading – New dollar low in the cards? Black Swan PDF
The US dollar is getting smoked this morning...
Interest Rates for Dollars Drop Before Fed Auction by Most Since Sept. 19 BL
The Fed is offering cash in the first of two $30 billion emergency-cash injections.
It is Hard to Imagine What Markets Are Hoping For Wells Fargo PDF
Past, Present and Future Hussman
We've run out of bubbles MSN (Fleck)
The US economy and Bernanke's economics Jackson
Is 2008 the year the markets crash? AME
The scent of a rat: 2008's nasty side G&M
The deflation time bomb Whitney
Americans Cut Back Sharply on Spending NYT
There are mounting anecdotal signs that beginning in December Americans cut back significantly on personal consumption
Group Sees Slower 2008 Retail Growth AP NRF Press Release
The final 2007 figure will not be known until Tuesday
Goldman sees more softness in US consumption Reuters
The Recession’s Regulatory Causes Rozeff
A perfect storm door against a U.S. recession? CS Monitor
President Bush Evokes President Bush in Considering Stimulus or Stalemate BL
Kyl: “I am not aware of any time that rebates, just dropping money out of airplanes, have done any good”
Responding to Recession Krugman
Whiz's 'Surprises' May Come True Dorfman
Deriding Deriving: Theory versus Reality Sprott PDF
Two new data points have recently been released that lend credence to our belief that the global growth of financial derivatives continues to run out of control.
Catching Falling Daggers Winter Blog
Collision Course! Investech (Free sign-up required)
This is not merely a subprime crisis FT
Wall Street's Latest $35 Billion Writedown Puts Squeeze on Profits in 2008 BL
Citigroup write-offs could reach $24 billion, 20,000 jobs at risk MW
MBIA, Ambac: Dead Men Walking Naked Capitalism
Countrywide employees are nervous LA Times
Kuwait's $200 billion fund keeps mum on Citi, Merrill Reuters
MBIA Forced to Pay 14 Percent Yield on Surplus Bonds BL
Passing The Devalued Buck Schiff
Bush's mortgage-freeze plan sets a disturbing precedent. What's next, a moratorium on car payments?
American banks set for further big write-downs Independent
Big lenders begin to find stable ground CS Monitor
Stronger financial institutions are purchasing weaker ones.
Behind Bank of America's big gamble WSJ
Spain feels the credit squeeze pain FT
£50bn bill to 'nationalise' Northern Rock Telegraph
Banks gloomy on debt outlook FT
Anna Schwartz blames Fed for sub-prime crisis Telegraph
U.S. mayors face test of spreading foreclosures Reuters
Current market leaves home sellers nostalgic for 2006 LA Times
Housing gridlock in Will County: Buyers are scared, sellers stuck Chicago Tribune
So what's the incentive? Builders ask Chicago Tribune
Cleveland sues 21 banks over wave of foreclosures AP
Lennar's New Homes Fetch 60% Less as U.S. Market Slump Deepens BL
FBI: Housing scams more than double USAT
IBM impresses with earnings CNN
Analysts increasingly wary on 4Q07 earnings results: survey Reuters
Credit Suisse, for first time this decade, overweights U.S. MW
Painful effects of a powerful force FT
The simple reason why investors in both funds lost pretty much everything is that the debt taken on by the funds to boost their returns is barely a fraction of the leverage story.
So We Thought. But Then Again . . . NYT
Bill Gross: 5 Picks for 2008 - Barron's Seeking Alpha
Options Bonanza Grows on Record Trading as U.S. Stocks Nosedive BL
SEC probing Merrill on "front running": report Reuters
Can Accounting Principles Survive the Mortgage Crisis? CFO
'Black Swan' author Nassim Taleb warns traders to look out for the improbable Chicago Tri
The Second Great Depression? CNN Video
-- The Forgotten Man: A New History of the Great Depression Amazon
Gold, Platinum Rise to Records in London on Declining Dollar; Silver Gains BL
Gold rush on despite high price Times of India
Gold demand low as prices soar to alltime high Reuters
Gleam in gold investors' eyes hints at mania AP
“Nobody knows what the next target is for gold” BBC
I like silver Russell
Why We Can’t Stop $100 Oil Newsweek (Gross)
The Spillover Effect of $100 Oil Business Week
Oil Prices Rises Above $93 a Barrel AP
Oil price: it's all about the supply MoneyWeek
Myths About Breaking Our Foreign Oil Habit WP
Gas prices back up a dime CNN
Copper gains on supply tightness in China, stockpile decline Thomson
Chicago corn soars above $5 on bullish data Reuters
Asia ends mostly lower after volatile session MW
Euro Rises to Six-Week High on Bets Fed to Cut Benchmark Rate Below ECB's BL
Britain's Producer-Price Inflation Accelerates to Fastest Pace Since 1991 BL
Bonello Says Inflation May Slow to 2% by End of Year BL
China's Growth-Slowing Efforts May Kick In at Worst Time for World Economy BL
China Makes New Anti-Inflation Move AP
Ex-minister warns on German economy FT
UK high street has echoes of 1990's recession Bootle
China and India are heading for the top of the world Independent
But along the way the climb will become treacherous
Brace for a bubble India Times
Saudis urged to revalue riyal FT
China + Citigroup + Alwaleed = Brave New World Pesek
Sovereign Wealth Funds to see another boom in 2008 Xinhua
Dubai's $600m hub in US 'corridor of shame' FT
Firms face toxic mix of rising prices and falling profits Times Online
EADS chief looks to US to avoid euro 'torture Evans-Pritchard
Business scandals teach lesson few in Japan learn Japan Times
Chinese cars headed for Canada at cut-rate prices G&M
Economists see no quick fix for U.S. downturn IHT (NYT)
Economy's stable leg starts to totter WSJ
Odds Are Growing for Economic Recession AP
Weekend Edition (Jan 12-13). Key U.S. Data Releases and Events
Bank earnings to be hit as mortgage woes spread MW
Mortgage Crisis to Corporate Debt Crisis Noland
What are They Thinking? Mauldin PDF
It's Inflation Stupid Schiff
The Economy and Inflation Nuveen PDF
So - Where Is the Fed? Harding
Some Debt Trends Are Good. This Isn’t One of Them NYT (Norris)
Symptoms of Global Transition Hahn PDF
Paulson: Economy Slowed `Materially,' Stimulus Package Should Be Quick BL
Some Fear Economic Stimulus Is Already Too Late NYT
The Need For An Open-Ended Commitment BCA Research
Compass Maritime: “The tanker and bulk charter markets have followed the USA stock market with big declines during the past several weeks.”
Monetary Policy Flexibility, Risk Management, and Financial Disruptions Mishkin
U.S. Financial Data, January 11 Issue FRBSL
FS Newshour Financial Sense (Audio Files)
Larry, Curly, Moe and the Economy NYT (Stein)
U.S. Home Prices: How Low Will They Go? BMO Focus PDF
We estimate a “fair” price by assuming that values, instead of soaring in the 2002-05 boom and falling in the 2006-07 bust, rose at a “normal” long-run rate relative to inflation and income.
A Historical Perspective on Housing Downturns FRBB
Fears About Economy Increase WP
Debt Crisis Grows; Top Mortgage Firm Sold at a Bargain
Bill Ackman, Up 22% in 2007, Boosts Bet Against MBIA BL
Stock slump the latest of Beazer's woes Charlotte Observer
Hovnanian: Housing Slump Is Nearing Bottom CNBC
Centro lenders jumpy on talks Australian
Shares suspended from trading amid concerns its listed shopping centre empire is on the verge of collapse.
Law Makes Debt Relief Harder for Homeowners NYT
Mozilo of Countrywide May Collect $83 Million After Takeover Is Completed BL
Bank of America’s Chief Makes Big Bet NYT
Rolls-Royce to axe up to 2,300 jobs worldwide AFP
Inquiry Focuses on Withholding of Data on Loans NYT
Jury convicts ex-pastor for luring investors to illegal hedge fund Rocky MN
The time to buy stocks is now - Buffett MoneyWeb
HUI and Stock Bears 2 Zeal
Five Things: Gold G&M
As gold traders eye $1,000, inflation stirs the pot MW
Commodities soar as cash wave hits Times
Commodity run has legs, guru says Edmonton Times
The crude fact: Everyone's thirsty G&M
EU Regulators Say Meat, Milk From Cloned Animals Safe to Consume BL
Recession fears as manufacturing drops Times
Bankers throw in the towel over Rock Telegraph
The pitfalls of China's rough capitalism AP
Index plunges after Beijing freezes prices Standard
Japan: Risk is on the downside for our consumption outlook CSFB PDF
Pound falls to all-time low against euro ThisisMoney
More gloom ahead for sterling FT
How Much Assets Could SWFs Farm Out? Morgan Stanley
GCC equities: The paradigm shift Bahrain Tribune
Stocks in U.S. Decline on Growth Concern in Worst Start to Year Since 1982 B
U.S. Dollar Themes for 2008 Citi Global Economy This Week CSFB PDFs
Weekly Trends Scotia Weekly Focus - 11-18 January 2008 Danske PDFs
Friday January 11
Saudi Prince, China bank to invest in Citigroup: report MW
Stocks Take A Tumble MW Homepage
Dow industrials down 5%, Nasdaq off 8% since start of year
Kass: They Have No Idea How Weak Economy Is TheStreet
Gold tops $900 on rate-cut speculation MW
What next for gold? MW
Stop obsessing about us, Fed's Mishkin pleads MW
Ex-Fed Moskow-FOMC likely to be bold on rate cuts Reuters
Weak December retail sales spark 2008 concern MW
U.S. Trade gap widens on surge in oil imports MW Census
Consumer Confidence Sinks to Record Low AP
Recession talk is rising Economist
Global Economic & Capital Markets Forecasts 2008 IIF PDF File
Poll: Bears Exceed Bulls by Most in 17 Years BL AAII
The Stages of a Bear Market Comstock
Generally bear markets go through three psychological phases - denial, concern and capitulation.
Grandich predicts long bear market FP
Poor Start For S&P 500 In 2008 May Echo 1973 Decline FP
Merrill says stocks won't stabilise until second quarter Reuters
Dugan reckons its clients should retain cash in their portfolios to buy undervalued assets next year.
The Dreaded 'P' Word Is Cropping Up Dorfman
Market action speaks louder than words Toronto Star
A morsel to feed the bears FT
Uncle Sam's credit FT
Imagine a world in which US Treasuries, the global benchmark for yields, were not regarded as absolutely rock solid.
ECB and Fed lay out sharply different paths IHT
Central Banks Dance in Denial on Stagflation BL
Democrats Push Economic Stimulus Plan AP
Citigroup’s Rubin supports $100B stimulus plan USAT Rubin Rethinks
If, When, How: A Primer on Fiscal Stimulus Brookings
Stimulus Unlikely to Counter Rise in Oil Prices WP
Fed Chief Bernanke Signals Rate Cut to Rescue Wall Street Dorsch
The governor's budget cuts nearly every state department SF Chronicle
Minsky’s Cushions of Safety: Levy
Systemic Risk and the Crisis in the U.S. Subprime Mortgage Market
Giant Write-Down Is Seen for Merrill NYT
The $15 billion loss would far exceed the $12 billion hit many on Wall Street are forecasting
BofA to Buy Countrywide for $4B in Stock AP
Countrywide Credit Risk Plunges After Bank of America Agrees to Buy Lender B
Countrywide seeks rescue deal WSJ
“From the Countrywide stockholder perspective, this is manna from heaven”
Powerhouses Look Abroad to Raise Capital AP
Sovereign wealth funds already have invested about $27 billion in Merrill, Citi, Switzerland's UBS AG and Morgan Stanley. The fact Merrill and Citi are going back for seconds indicates that the credit crisis might be taking a bigger toll on Wall Street than initially expected.
UBS Predicts Difficult Year, Asks Investors to Back $12 Billion Investment BL
Bank May Buy Troubled Giant in Home Loans NYT
Northern Rock sells assets to repay Bank Reuters
Darling: Rock faces nationalisation Times
Housing: No room for bulls CNN
Stepping beyond subprime Economist
Only Panglossians think that the sector is over the worst
US sub-prime mortgage crisis Yam
Orlando-area home prices drop 10.4% in a year Orlando Sentinel
Lex: US property rents FT
How a nasty rumour can ruin an investor's day G&M
Man suffers high redemptions FTA
LBO Firms Paid Wall St. Bankers 38% Less in Fees as Takeovers Dried Up BL
Hedge funds square off with Nexen G&M
Slow Death for GAAP: Cox CFO
Buffett Resumes BNI Stock Buys, Adding to Stake Every Day This Week CNBC
The rout in REITs spells opportunity for investors G&M
Government seeks to restore a conviction HChron
Gold steadies above 890 usd after hitting record high overnight Thomson
Gold Forecasts Raised by Goldman Sachs on Weaker Dollar Outlook BL
Shanghai market for gold futures off to a flying start FT
Traders warned that the Shanghai premium was a reflection of the lack of connectivity betweenthe Shanghai market and the London-based over-the-counter gold market, rather than a signal of the likely direction of world prices.
Good news about Global Oil Production! Fabius Maximus Blog
Commodities: Boom or Gloom? Business Week
Commodities to Remain `Supported,' Goldman Says BL
Incredible Inedible Ethanol Mogambo
Japan’s Cheese Cake Factory forced to close by churning price of milk Times
East Asian dairies are trying to cope with the soaring cost of milk.
Investors melt down Alumina Australian
The latest victim of a strong Australian dollar and weak aluminium prices
Losses accelerate in Tokyo, Seoul on subprime fears MW
China's 2007 trade surplus soars to $262.2-billion G&M
Boom-bust line raises worries of contraction Kyodo
Japan's Merchant Sentiment Falls to Five-Year Low BL
Japan's forex reserves hit fresh all-time high: government AFP
Revaluation by Stealth Economist
China is allowing its currency to rise more rapidly. Why?
China Can No Longer Procrastinate on Rates, Yuan Pesek
BOC: China's economic growth to slow down in 2008 Xinhua
Canada Unexpectedly Shed 18,700 Jobs on Factories BL
Rising risk of a US recession – time for caution AMP Capital PDF
Saudis search for inflation scapegoat FT
Saudis Boycott Products to Fight Price Rise Arab News
Who's Afraid of Mideast Money? Business Week
The real insanity in our financial crisis ThisisMoney
Thursday January 10.
U.S. stocks rally as Bernanke talk settles in MW
American Express To Take 4th Quarter Charge Of $275M Charge MW
Countrywide Shares Soar on Speculation Bank of America Will Acquire Lender B
Move might come before next formal meeting, economists say MW
Gold rallies to new record high on Bernanke comments MW
Bernankke: More `Policy Easing May Well Be Necessary' - Text
“Based on that evaluation...we stand ready to take substantive additional action as needed to support growth and to provide adequate insurance against downside risks.”
Rate on 30-year fixed's at lowest in over two years: Freddie Mac MW
Retailers Had Weak Sales in December AP
Wall St. on Bernanke watch CNN JClaims Drop
For Bernanke, a Question of Toughness NYT
Prices edge up ahead of Bernanke speech Reuters
Bernanke May Be Forced to Lower Interest Rates by 50bps B
The Fed's Message Is Getting Lost in Translation Baum
Blue Chip: Recession fears are growing Reuters
Camilli: “100% certainty" America is in a recession NY Sun
Recession or Depression? Rockwell
Economists fret about rerun of that '70s show: stagflation Star-Ledger
Possible Recession Winner: The Dollar Forbes
S&P: Time to Play Defense S&P
BCA's "Outlook" For 2008 & Beyond Investor Insight
Economy Weakening; Are More Rate Cuts Far Behind? John Burns
Recapping GDP Data for 2001 Northern Trust PDF
The $1.4 Trillion Question The Atlantic
The Chinese are subsidizing the American way of life. Are we playing them for suckers—or are they playing us?
Emerging markets hold key to oil and dollar moves FT
FX Crossroads: New year, new worries Danske PDF
A Scary Tidbit Naked Capitalism
Jittery? Mistrustful? Join the club G&M
Greenspan's 'Superstar' Status at Risk as Recession Risks Grow BL
Citi sees “terminal decline” for banks ‘modern business models FT Alphaville
Credit Card Debt Soars as House Prices Plunge Baker
“The current rate of house price decline will destroy $2.2 trillion of wealth this year."
Credit and The Real Economy: Interplay and Risk, Part II Wachovia PDF
Freddie's Financial Strength Rating May Be Cut by Moody's Amid Losses BL
Citigroup, Merrill seek fresh capital injections MW
Subprime Folly's Lasting Effects on Wall Street BL
Bear Stearns Is Closing Asset-Backed Hedge Fund After 39% Loss Last Year BL
Bank of America's Countrywide trap Fortune
Capital One Slashes 2007 Profit Forecast by 20% as Loan Losses Increase BL
Hapoalim Writes Down $380 Million on SIVs, Bonds, Expects Quarterly Profit BL
Regulators start informal probe into MBIA MW
Tarnished credit rating firms cut jobs Guardian
Search for Middle East cash to rescue Northern Rock Guardian
Slump in confidence hits Persimmon Independent
ASIC summons Centro for talks Australian
$1bn hit to banks from US Australian
How a credit crunch may hurt the world economy CS Monitor
The health of banks has become one of the biggest financial uncertainties for 08
Britain ‘at particular risk from credit crunch’ Times
Credit crunch squeezes finance firms at fastest rate for 16 years icWales
Swan discusses credit crunch with Paulson West Australian
Ghost Malls Slate (Gross)
Is retail real estate about to crash?
New Blows Hit Housing Industry WSJ
Will foreclosures spark an arson boom? Fortune
Foreclosures strain condo buildings Miami Herald
Keeping the Housing Slump at Bay NYT
Lex: Calpers and Silver Lake FT
The credit crunch has raised legitimate questions about the future for private equity, but Calpers is having none of it.
Among V.C.’s, Talk of a Bubble Arises NY Dealbook
Tony Blair joins JP Morgan BBC
Buffett’s Berkshire Insures First Bonds Bond Buyer
Toyota sales rise challenge to GM BBC
Air Travelers’ Woes Likely to Worsen This Year NY Times
Sears asks workers to take unpaid leaves G&M
UPS CEO says risk of recession looms AP
Accounting backlash FT
Dolly Parton dinner theater suddenly closes, angering employees AP
Money makes this museum go 'round USAT
Gold falls but holds near record high; targets $900 Reuters
Gold futures add luster to Shanghai China Daily
A new gold rush may be in the offing as its price skyrockets Winnipeg Sun
Ron Paul: Get Back to Gold TheStreet
“Our central banks around the world colluded over the last 10 to 20 years...”
Why oil prices are stubbornly high CS Monitor
Tough to pump more oil, even at $100 Reuters
Oil price to stay above $100 in the long-term Asian Investor
An Interview With Matthew Simmons Casey
The Geopolitics of Energy: From Security to Survival Brookings PDF
Oil 'supermajors' 10 years on FT
Tata Car will pressure crude prices upwards Livemint
Copper prices slip on recession fears G&M
Chile Says Copper Price to Slide Amid Global Surplus BL
BOE Holds Times Online ECB Holds MW
Japan, Hong Kong Fall, But India Sets Record Dow Jones
Inflationary threat looms as tide of cheap Chinese goods dries up Times Online
China Commands the Economic Waves to Stop Asia Sentinel
Goldman Says Japan Recession Risk at `Danger Level' BL
Once avid savers, Japanese saving less: government AFP
Architect of Hong Kong dollar peg defends the policy Asian Investor
Ecuador President Correa Says Using Dollar as Currency Has Slowed Growth B
The pain in Spain will fall mainly on the South Med coast FTA
Slump in Canadian housing triggers warning G&M
Canada could ride out global gloom FP
Chilean Stocks Tumble on Inflation, Pension Selloff BL
Chile, the world's biggest copper producer, met the definition for a ``bear'' market, as the index fell more than 20 percent from an October peak.
PM tells banks to pass on rate cuts ThisisMoney
Despite the unprecedented warning, lenders said they were under no obligation to pass on the cuts.
Lone Star Chief to Testify in Stock Manipulation Trial Chosun
Pakistan's paradox: bombs, blood and record profits Reuters
Wednesday January 9.
Alcoa Profit Increases 76%, Beating Estimates, on Gain From Sale of Unit BL
Stocks Bounce, but Recession Fears Linger S&P
Gold futures end up after setting new record high MW
Crude falls on concerns U.S. may fall into recession MW
Buffett's Berkshire Hathaway May Invest in Bond Insurers, Ajit Jain Says BL
Goldman warns of worse newspaper fate in recession Reuters
Auto Companies Tumble to New Lows on Worries About Recession AP
Home-builder stocks hammered again MW
Money Supply Trends Are Deflationary Mish
Kass: Help on the Way? TheStreet
Countrywide Concerns Mount TheStreet
Poole: Let’s review the five major mistakes creating the subprime mess FRBSL
Corporate Default Risk in U.S. Rises for Sixth Day as CDX Reaches a Record B
MBIA Slashes Dividend, Plans to Raise $1 Billion to Stave Off Ratings Cut BL
Goldman Says U.S. Economy Slipping Into Recession BL
How to Cure a Debt Hangover Fleck
4th Quarter Review and Outlook Hoisington PDF
Declines stir talk of bear market LA Times
With most major stock indexes now down more than 10% from their 2007 highs -- the sharpest such "correction" in at least five years -- some veteran analysts are raising the specter of a full-on bear market.
Stocks off to worst start ever USAT
Nearly 1,000 of the stocks in the broad S&P 1500, which contains shares of small, midsize and large companies, are in a bear market
Fed divisions over discount rate WSJ
Bernanke Has a Volcker Moment RealClear
Fed talk leaves investors no less fearful about a US recession BofNY
Policymakers Face New Dilemmas to Control Global Inflation in 2008 ABernstein
Stagflation: Have We Got It Again? ING Weekly
U.S. stimulus: Consumer cash or business breaks? Reuters
“It took Congress 51 weeks to pass an alternative minimum tax patch that then expired 10 days later. No way this Congress could enact meaningful economic stimulus in a timely manner"
FX Trading – Stimulus coming, but a mixed bag still BSwan
Why Washington Can't Stop Recession Forbes
Stimulate the Economy, Don't Play Politics With It WP
Schwarzenegger wants amendment for budget powers AP Warns of painful cuts
Small Business Optimism Falls to 1993 Low Reuters
Poorer Countries to Offset US Slowdown AP World Bank
“Developing countries, if you add them all up now, are basically the same size as the United States”
Global Risks 2008 World Economic Forum PDF
Elephants and Market Stabilisers Saville
The cornered rat defense Mogambo Will Work for Taxes
This Credit Crunch Has Bite: Part I - Part II Minyanville (Das)
U.S. MBA's Mortgage Applications Index Surged 32% BL
Housing: A Fresh Jolt of Bad News Business Week
As housing slumps, realtors quit CS Monitor
'House Lust' Hits Home WP
Hub Fed chief: Housing prices might plunge Boston Herald
Housing Slump to Continue: Fannie CEO AP
Ambac Now Has a Municipal Bond Issue to Worry About Mysak
Will there be an Ambac if or when this particular municipal bond issue taps out?
E*Trade Financial sells $3 billion mortgage securities Reuters
Citigroup Combining Mortgage Operations Into One Unit NYT
Barclays ousts co-president of investment bank Times Online
Investors brace for bad bank earnings as credit crisis rolls on CNN
Morgan Stanley, Citi, Merrill Spun by Reality BL
Whither Bear Stearns FT Alphaville May become takeover target amid unrest
Moody's Cuts Ratings On 46 Tranches Of Bear Deals Calculated Risk
Credit squeeze woes open the way for Buffett FT
Leverage levels unsustainable Financial News
DuPont Says 2007 Earnings at `Upper End' of Forecast, Raises 2008 Outlook B
Buffett Makes 1st Foray in Muni Bond Insuring-Sources Reuters
Regulator urged Berkshire to enter bond insurance FT
Vulture Fund Founder Singer Helps Back Giuliani Bid BL
Morgan Stanley to withdraw from China joint venture: report AFP
Trouble at Starbucks Economist
Lex: US corruption crackdown FT
Retirement tips for Bill Gates FP YouTube
Clinton, McCain score stunning wins in New Hampshire MW
China's gold futures jumps to daily limit up upon debut Xinhua
The flipside of gold's record rise G&M
Insight on gold's record, with Dennis Gartman CNBC Video
Advice for cashing in on gold's rise AP
Platinum hits new record high at 1,561 usd an ounce Thomson
Another Nail in the Coffin of the Case Against Peak Oil Simmons PDF
Oil Prices Rise to Near $97 a Barrel AP
Rubber futures fall on weak global market Reuters
Diamond find in Nunavut sparks trading frenzy FP
China to Cap Energy, Utility Prices to Cool Inflation BL
Asian Stocks Rise Most in Six Weeks; Miners, Drugmakers Climb BL
Yen Declines Most in 2-Weeks as Japanese Investors Seek Higher Returns BL
Asia's Self-Inflicted Wounds May End the Fun Pesek
From Seoul to Bangkok, Asia is awash in instances of policy failures that may imperil the region's ability to withstand a global recession.
Asia to follow serfin' USA? Asia Times
Downgrading India and China: Tigers or Kittens? IHT
Warning on shockwaves from US crisis Australian
Is America Slouching Towards Protectionism? Spiegel
Inma Bank seeks $2.8 bln in largest Saudi IPO Reuters
Early Hong Kong placements attract solid demand Finance Asia
Macquarie re-opens Chinese IPO fund Asian Investor
Competition for Chinese IPOs Heats Up Business Week
China Drives IPO Upswing CFO
The number of Chinese IPOs nearly quadrupled from 2006 to 2007,
Russian Growth Is Stalked by Inflation Demons Lachman
Marks & Spencer Plunges Most in 19 Years on Holiday Sales Drop BL
Revealed: a new bank rip-off Independent
Europe's little 'Smart' car to hit U.S. streets CS Monitor
Four Wheels for the Masses: The $2,500 Car NYT
Jan 7: Recession a reality Merrill PDF
Tuesday January 8.
Gold breaks new ground AP
Bloomberg: ”Gold is acting like the currency of last resort. There's no place to go with that paranoid money. Gold is attracting that paranoid money. Gold is sexy to own.”
Globe & Mail: Bullion, which is closing in on the $900 an ounce level, gets a lift after being labelled the new global currency
Stocks plunge in late trading; Dow down 238 ~ Street.
Market sinks as AT&T stirs recession fear Reuters
Airline stocks, sensitive both to rising oil prices and signs of economic slowdown, were hammered.
Nov. consumer credit up $15.5 billion FRB
AT&T Faces `Softness' in Consumer Unit as Economy Slows BL
Countrywide Denies Bankruptcy Imminent AP
Countrywide Shares Decline Most Since 87 Amid Speculation on Bankruptcy BL
E-Trade at All-Time Low Amid Fears Brokerage Needs More Capital
Avon Calling for Layoffs TheStreet
Dow, S&P treacherously close to major trendshift MW
Realtors Group Sees Flat Sales in '08 AP NAR
Pending Home Sales Drop More Than Forecast as Slump Deepens BL NAR
KB Home sees tough '08 for industry AP
Bush convenes Plunge Protection Team Evans-Pritchard
Paulson hints at more mortgage aid AP
Paulson Says `No Evidence' U.S. Housing Decline Is Bottoming Out BL
America's inflated asset prices must fall FT (Roach)
Pyramids Crumbling PIMCO (Gross)
Stagflation waiting in the wings Stiglitz
Economists who make the recession call Independent
Is Recession Now in the Price? Berner
Recession in the US 'has arrived' BBC
Recession Naysayers Hold Out TheStreet
Stocks: The Bear Is Growling Business Week
S&P thinks the Fed is running out of time to prevent a real decline in the equity markets The S&P 500 and Economic Recessions NTrust PDF
Uncertainty Reigns Stelzer
A stormy economic forecast, at least for the first half of the year.
Eroding Western living standards Hutchinson
Economy Headed Towards Stagflation Bonner
Is Hank Paulson as Bearish as Roubini? Roubini Blog
Plosser: Economy to improve before rate cuts hit MW Speech
Don't be a sitting duck or the bear will eat you MW
US credit cards FT
NA Outlook: New Year, Old Baggage BMOÂ PDF
The April AMT Shock Levy
Many middle-income earners will find themselves unprepared for the coming surprise in April.
Bond Issue Could Spark Credit Markets Back to Life CFO
Junk Bond Defaults to Rise Fivefold in 2008 From 26-Year Low, Moody's Says B
BOJ's Fukui calls for central bank cooperation at time of turbulence AP
Warning that a crisis in one country could now easily spill over into others
Mortgage-Related Losses: Banks In For Rough Times? CNBC
Citigroup May Take $16 Billion Subprime Writedown, Merrill Analyst Says BL
Credit turmoil engulfs Jefferies BL
Victoria Finance SIV Debt Cut to Junk After Asset Values Tumble BL
Lawsuit by city targets lender Baltimore Sun
TD shares hit by subprime speculation G&M
KB Home posts fourth-quarter loss Reuters
Hedge fund piles pressure on Northern Rock board Guardian
Bankrupted company leaves buyers homeless NYT
Massive Inventory Decrease in S.California. Is This the Fabled Bottom? DR. HB
Housing on the Way Up, Why Not the Way Down? EW
The question of bailouts begins to hit home Orlando Sentinel
Bear Stearns CEO Cayne Plans to Resign After Subprime Losses BL
Starbucks sacks chief executive BBC
Microsoft bids $1.2 billion for Fast Reuters
Circuit City Sales Tumbled in December Dow Jones
JPM, Renaissance Hedge Funds Fell in '07, as Rival Managers Rose 10% BL
Executive suite not afraid of bears yet Hulbert
GM: Gentlemen, start your turnaround Fortune
Fraud Trial Focuses on Insurance Giants NYTD
Gold Climbs to Record on Higher Oil Prices, Weakening Dollar BL
Gold is off to its best start to the year since 1980. Russell
“There's extraordinary investor appetite for gold which seems relentless†Reuters
Chinese investors favour gold, but fear futures Reuters
Gold is the new global currency FT
Global Economy: The Oil Tax BCAR
Long Term Oil Price Forecast DnB NORÂ PDF
Squeezed food producers FT
Iron Ore Prices May Gain on Vale Halt to Shipments From Port BL
Palm oil panic buying sparks new year fears Times
Tokyo switches course; Hong Kong, China end lower MW
Japan: Credit Crunch Coming Morgan Stanley
UK house price growth slowest for a decade Times
India's Future May Depend on Eggs and Condoms BL
India's benchmark share index crosses record 21,000 points AFP
The Sensex story: From 1K to 21K Rediff
US recession will hurt us: analysts Australian
The Australian economy could be harder hit by the faltering US economy plunging into recession than first thought, analysts warned yesterday
Economy may be doubly damned SMH
Among the many things to be thankful for this new year is that you're not a central banker.
Dodge flags `downside risks' Toronto Star
Sting in the tail of roaring Asian dragons Times
December CPI likely to slow down Xinhua
Chinese Currency Exchange Impacts the Supply Chain Industry Week
Emerging Markets Briefer - US recession fears Danske PDF
UK living standards to overtake the US for the first time in over a century Oxford P
Monday January 7.
Stocks End Mixed in Shaky Trading AP
Bush, Paulson Detect `Mixed' Signals as Stimulus Steps Considered B
U.S. economy in recession, Merrill's Rosenberg says MW
No quick announcement of fiscal stimulus: Paulson MW
Citigroup Seen Cutting Work Force by 5%-10% CNBC
CIBC Ousts Top Investment Banker, Risk Manager Following Writedowns BL
Krispy Kreme CEO Resigns AP
What's Ahead – More Selling or Rock Bottom? Schaeffers
Minding the Hinges on Pandora's Box Hussman
Jim Rogers Predicts U.S. Will Enter Recession, the Worst One `in a While' BL
Japan Ghosts of Bubbles Past Haunt U.S. in 2008 Pesek
Feldstein Says Odds of Recession Are More Than 50% After Jobs Report BL
Fed's `Inflation Problem' Gets Some Ad Hoc Help Baum
Why America must have a fiscal stimulus FT (Summers)
Stephen King: It's the economy again, stupid ... here we go again King
Not even a Bush New Deal can hold back the post-bubble tide Evans-Pritchard
As economy lags, what levers to pull? CS Monitor
Three reasons why the US faces recession in 2008 MoneyWeek
Market Bears See Problems for Start of 2008 Dorfman
Will the bull market survive the storm? CS Monitor
The Great Depression and forecasting -- still getting it wrong Jackson
Courting disaster Mogambo
Some Big Turkeys Revisited Winter Blog
Is the 2007 U.S. Sub-Prime Financial Crisis So Different? NBER PDF
An International Historical Comparison
CDS report: Gloomy market takes a breather FT Alphaville
Credit crunch hits financial incomes Independent
Subprime disease a traded infection Asia Times
'Subprime' named US word of the year AP
Hawaiian Homes developer bankrupt Honolulu Advertiser
Housing reversal shoves economy to brink Palm Beach Post
Watchdog Probes Wall Street's Role in the Mortgage Industry WSJ
US housing market and recession: Robert Shiller gets it wrong Jackson
Burt Reynolds Again Slashes The Price for His Florida Home WSJ
The Market Braces for the Boomers WSJ
Will the baby boomers' retirement cause the stock market to go bust?
Wall Street Peddles Blank-Check IPOs With Returns Trailing S&P 500 Index BL
Goldman BRIC Strategy Is Full of Potential Traps BL
Warren Buffett and the insurance case Telegraph
The reputation of the Sage of Omaha looks set to be dragged though the courts this week
Testing Investors' Faith in State Street NYT (Free Reg)
The McLatte? McDonald's Tries to Tackle Starbucks Reuters
Hedging Their Way to Billions NYT DealBook
Wikipedia founder launches search engine FT
Gates bids farewell to tech gathering MW
Flight to gold as investors lose faith in money Telegraph
Gold bugs savor Christmas cheer Brimelow
Oil $200 Options Increase 10-Fold in Cheapest Bet on Higher Crude Prices BL
Commodity price surge powered by supply-demand tension AFP
Solar power systems arrive in more stores USAT
Commodity stocks lead sharp declines throughout most of Asia MW
Taiwan Stock Index Plunges 4 Percent AP
U.K. Commercial Property Investors May Suffer Biggest Losses in 25 Years BL
Lex: China’s monetary policy FT
China stocks going for gold as Olympics loom MW
Crackdown on illegal share issues China Daily
Banner year for emerging market inflows Asia Investor
Net inflows to emerging market funds nearly doubled to $40.83 billion in 2007.
Economic Confidence in Europe Falls to 21-Month Low; Inflation Accelerates BL
Is this the big one? Guardian
It is 15 years since Britain last suffered a recession. But...
’Invest in Bonds in Times of Financial Turbulence’ Korea Times
Sainsbury’s misses targets Times Online
Tuna sells for record 55,700 dollars in Japan AFP
Iranian boats "provoke" U.S. Navy ships in Hormuz: CNN Reuters
Weekend Edition (Jan 5-6). Key U.S. Data Releases and Events
Forecast 2008: Recession and Recovery Mauldin PDF
Eyes Wide Shut Schiff
Issues 2008 Noland
Critical Macro Investment Themes for 2008 Berner
Pimco's Gross Says Fed May Not Avoid a Recession BL
Former Fed Official Reinhart Says Jobless Level May Prompt Bigger Rate Cut B
Fed policy views split due to uncertainty: Kohn Reuters
Goldman, JP Morgan see Fed cutting 50 bps in January Reuters
8 Big Questions for ’08 BMO Focus PDF
Schwab Market Perspective Schwab
Not a Good Start to the New Year! Harding
Restest Still In Progress Swenlin
Have You Got the Hesitation Blues? North
From the horse's mouth: Financial forecasts a mug's game G&M
Administration Considering Tax Cuts AP How Bush may boost the economy
ECB Trichet: Money Market Tensions Receded But Still Significant DJ
Bank of Canada sees credit squeeze easing G&M Statement
California Leads Borrowing Cost Rise on Housing Slump BL
Real estate means real economic risks OCRegister
Manhattan home prices: Still crazy CNN
Subprime meltdown Washington Times
Analysis: Greenspan off the beam on subprime mortgages AP
Investors May See Dividends Disappear AP
Dividends in Financial Services Sector Likely to Be Casualties of Tightening Credit Markets
What will we do if big two go bust? Baltimore Sun
How Long Will Corporate Profits Slump? NYT
The Appetite for Securities Turns Less Hearty NYT (Norris)
Citi's Dividend Under Pressure TheStreet
Negroponte on Intel's $100 laptop pullout Fortune
Alaska taps TransCanada for pipeline G&M
Charlies sue the chocolate factories AP
Man admits Ponzi scheme Baltimore Sun
Rep. Baker considers leaving Congress AP
ETFs Stoke Investors' Gold Fever WSJ
US$1,100 gold will look like a bargain, analyst says FP
Call It Heavy Metal Forbes
Forget oil, the new global crisis is food FP
OPEC Producing Adequate Oil, Can't Be Blamed for Record Price, Khelil Says B
Goodyear raising tire prices 7% in North America Reuters
U.S. Commodity Markets: What's Hot and What's Not Global Insight
Interest Rises In Uranium Recovery Ledger
Gloomy economic outlook Japan Times
TSE chief warns Japan losing appeal among investors AFP
China Autos: Chery Keeps Accelerating Business Week
China's consumption to hit record low Xinhua
French Inflation Poised to Accelerate, Fueled by Commodities, Lagarde Says BL
Chancellor to limit BoE to advisory role Telegraph
Darling to hand Bank of England's intervention powers to FSA after perceived failings during Northern Rock crisis
Say so long to diversification in the new global market FP
Girding for bear market Toronto Star
Meet one of Bay Street's biggest bears.
Dollar pegging risky: Experts Bahrain Tribune
Gulf investors buy 29 percent of Victoria Oil Reuters
Fiddling the Stradivarius Market Spiegel
In Chinese Factories, Lost Fingers and Low Pay NYT
Macau's big gamble Toronto Star
It's already topped Las Vegas with $7 billion in casino revenue, and the sky seems to be the limit...
M&S reveals Christmas blues Times
Losing an Edge, Japanese Envy India’s Schools NYT
Kenya's crisis another blow for African investments Reuters
The Invisible Hand of Globalization YALEGlobal
International Roundup: Three Transitions in China Citi PDF
Stocks Tumble on Economic Concerns in Worst Start to Year Since 2000 BL
Weekly Trends Scotia Weekly Focus - 4-11 January 2008 Danske PDFs
Friday Janaury 4.
U.S. stocks pressured by jump in unemployment MW
“Since 1949 the unemployment rate has never risen by this magnitude without the economy being in recession.”
Global Insight: “We have not seen a 0.3-percentage-point jump in the rate since the 2001 recession.”
Fed Ups Auction Amounts to Aid Banks AP PR
Ford Falls to Lowest Since 1986 After Being Passed by Toyota in U.S. Sales BL
S&P may cut $6.42 bln CDOs affecting 149 tranches Reuters
Currencies: Dollar off lows but still pressured after dismal U.S. jobs data MW
Is '70s-style stagflation returning? Jubak
SWF'S - Saviours of Harbringers of Economic Apocalypse? Financial Sense
Treasury Two-Year Note Yields Fall to Lowest in 3 Years on Payrolls Report BL
Dollar Drops as Speculation Grows Fed Will Cut Interest Rate by Half-Point BL
Payrolls Rose 18,000 in December; Unemployment Rate Increases BL BLS
Bush Will Meet Paulson, Bernanke to consider economic stimulus package BL
This will be the first time in his presidency that Bush has met with all members of the financial working group
State of Union Speech May Detail Proposal WP
Jobs Report Fuels Recession Talk TheStreet
Labor Market Sends Troubling Signals, Further Confirmation Awaited NT PDF
We're Not Immune Pearlstein
Many Signs Point to an Economic Downer for the Region in 2008
Fed's inflation fears might trump calls for another big rate cut WSJ
Don't Bank On Deflation Forbes
A not so Happy New Year! Faber PDF
Doom-and-gloom predictions, Part One G&M
Enter 2008: The System Breaks Willie
Revaluation of the Dollar Caijing (DeLong)
Consumer Bankruptcy Filings Rose 40% in '07 WSJ
U.S. Financial Data, January 3 Issue FRBSL
Mortgage applications down 11.6% last week: MBA MW
New Year Brings Another False Dawn for Housing Baum
Where's the incentive to buy a home if the real cost is high, inventory is plentiful, prices are falling and credit is harder to come by?
Deadbeat America: Late Payments Soar AP ABA
Delinquencies on Car and Home Equity Loans Hit the Highest Point Since 2001
Credit Crisis Finds New Victims CFO
The list of suffering companies keeps growing and growing.
BOE warns on mortgage defaults BBC Credit Conditions Survey
Global property sector feels heat FT
Spain's house of cards has started tumbling down FT
Testing the waters Economist
Mortgage securities sales under scrutiny AP
Owning vs. renting: still not close WSJ (Ip)
U.S. house prices would have to fall "considerably" to return to a normal relationship with rents, a study found
Credit Derivatives Markets Are Headed for Worst Week in Almost Two Months BL
Recession, Employment Concerns Trigger Worst Week for Credit in 2-Months BL
Now You See Those Securities, Now You Don’t NYT (Norris)
Sovereign wealth fund wants Greenspan Fortune
China Investment Corp. wants to add Alan Greenspan to its board
China's Wealth Fund Gets More Than 100 Applicants, Person Says B
Have Sovereign Wealth Funds bought into banks too early? AME
Sovereign Funds Invest Where Buffett Won't BL
China forex arm buys stakes in Australian banks Reuters
Whither the great wave? Economist
The greatest ever merger wave is changing shape—but it may not be breaking yet
Ex-Goldman Associate Sentenced to More Than 4 Years for Inside Trades NYT
Talbots to exit Kids, Mens units, close 78 stores Reuters
Bed Bath & Beyond falls after profit warning MW
Citibank limits ATM cash in city NY Daily
Obama, Huckabee win in Iowa CNN
Bullish on bullion: Investors seeking safety push gold ever higher FT (R)
Gold stocks regain their glitter G&M
As oil passes $100, the question: will it stop? CS Monitor
Oil Price Could Hit $200, Says German Institute Spiegel
New power brokers hold lock, stock and $100 barrels FP
The economics of energy is challenging the world's traditional hegemonies
Venezuela sees "good" 2008 oil price: official Reuters
Economy and Geopolitics Decide Where Oil Goes Next NYT
Oil: The power to shock Independent
Transport spending plans have oil at $50 Times
Iraqi oil FT
China Looks to Coal Bed Methane Business Week
Inflation to fuel commodities: Coxe FP
Flurries in Florida, but No Crop Damage AP
Plastics products price rise “inevitable” PRW
Japanese stocks plunge on concerns about U.S. economy G&M Shanghai Up
Japanese companies see slowdown in economy - surveys Thomson
An old Chinese myth Economist
Contrary to popular wisdom, China's rapid growth is not hugely dependent on exports
China to Take More Steps to Cool Economy, Inflation BL
The Short View: Emerging markets FT
Emerging Market Decoupling To Persist Into 2008 BCA Research
Chinese funds expand more than two times in 2007 Xinhua
U.K. Services Index Unexpectedly Advances, Damping Rate Cut Speculation BL
Déjà vu Economist
The euro area is not immune to the ills that afflict America and Britain
Estate agents suffer as LSL cuts back Times
PC World owner warns after weak Christmas Telegraph
Companies seen further cutting pension benefits IHT
Fed discount window borrowing largest since 9/11 Reuters
Thursday January 3.
Toyota Tops Ford in U.S. Auto Sales as Asian Automakers Hold Record Share B
Asset-Backed Paper Rises First Time Since August as Borrowing Costs Fall BL
U.A.E. Decides to Maintain Its Dollar Peg Following Review, Suwaidi Says BL
”In 12 months I can say to you that the U.A.E. will maintain the peg”
Americans Sold Out to Foreign Companies at Record Rate in Fourth Quarter BL
I am not using the R-word this time FT
Mortgage rates plunge BankRate Freddie: 6.07%
Factory orders up 1.5% in Nov. Census
Excluding the 15.9% rise in petroleum orders, new orders fell 0.2%
Private-sector job growth slows to 40,000: ADP MW JClaims Down
Layoff plans fall 8.5% in 2007, Challenger says MW
Single trader behind oil record BBC
The man behind the record rise in oil prices to $100 a barrel was a lone trader, seeking bragging rights and a minute of fame...
U.S. Yield Curve Is Steepest Since 2005 on Bets for Rate Cut BL
Fed ‘caught off guard’ by rate of US slowdown Times Minutes
“Some members noted the risk of an unfavorable feedback loop in which credit market conditions restrained economic growth further, leading to additional tightening of credit; such an adverse development could require a substantial further easing of policy.”
Bernanke, King Risk Inflation With Bid to Keep Party Going B
Student of the Depression Lachman
Danger ahead: The prospect of recession again confronts America FT
ETFs and Bear Markets: Unsuitable Bedfellows? Hahn PDF
Stagflation Jungle: “Survival of the Fleetest Wealth” Era Hahn PDF
Mood Sours as Recession Talk Does the Rounds BofNY
Wall St will ignite, but not before more pain Ambrose Evans-Pritchard
The Santa Cigarettes Caper - Well worth the 20 bucks Mogambo
Stagflation cometh Stiglitz
Is a Recession Certain? TheStreet
Why the Ratings Agencies Flunked TheStreet
Beware of Falling Knives Slate
It's tough to make money off the credit bubble—even for daredevil billionaires.
With Builder in Bankruptcy, Buyers Are Left Out NYT
The collapse of the fabled Levitt & Sons, the first big home builder to fail in the current slump, illustrates how the real estate turmoil is spreading far beyond subprime borrowers.
Leveraged Loans Lose $28 Billion While Carlyle Gets Punished BL
A total of 179 North American companies have a high risk of default or may need to change details of their debt agreements
State Street Records $279 Million Charge BW
Asset Management Chief Quits After Charge BL
Thain Makes Like Komansky in Pledge to End Mother Merrill's Subprime Orgy BL
Commerzbank removes three top credit bankers Times Online
Ghosts of Subprime Past May Continue to Haunt NYT DealBook
U.K. Banks Plan to Reduce Supply of Credit, BOE Survey Shows BL
Fixes made in 2007 not enough to halt foreclosures Boston Globe
Real Estate: How Far Will It Fall in 2008? WSJ
Reversal of fortunes for the giants of private equity Independent
Auto makers expected to detail rough year for sales MW
No manufacturer, not even Toyota Motor Corp. was immune to the harsh economic headwinds that roiled the industry through the end of the year.
In Unforgiven Margin Call, Bear Funds Foundered on Merrill's Subprime CDOs BL
It paid to be wrong in 2007 MW
Ex-E*Trade CEO Leaves with $11M TheStreet
Monsanto Profit Doubles on Seed Sales in Latin America; Forecast Boosted BL
New York IPOs eclipse LSE offerings FT
Gold shines at new record high near 868 US dollars AFP
The "Commodity Super Cycle" - Ready to Rumble in 2008 Dorsch
Gold Draws China Higher TheStreet
Oil, Gold Near Record as Dollar Drop Boosts Appeal of Commodities as Haven B
The road to $100 oil – and beyond WSJ
Oil price forecast to stay close to $100 a barrel Times Online
Asian shares slump on US recession fears FT
China a big, but not only, contributor to record oil prices: analysts AFP
China to see 6th year of double-digit growth in 2008 China Daily
German Growth Forecasts Lower for 2008 Spiegel
German Unemployment Falls to 15-Year Low; Companies Hire to Process Orders
Risk is the game in 'Wild West' of emerging markets Telegraph
How can Japan avoid catching U.S. cold? Yomiuri
China faces a second land revolution Asia Times
Short Sellers Will Make Indian Market Stronger BL
Westpac branch in Shanghai opens Australian
Inmobiliaria Colonial shares suspended Telegraph
Once the darling of the Madrid bourse, it joins a string of Spanish property groups that have either run into severe trouble or gone bankrupt over the past few months.
The sovereign wealth put FT
Chávez, China cooperate on oil, but for different reasons CS Monitor
Pakistan's economy takes a hit Asia Times
The Afghani Way of Banking Asia Sentinel
Poker players, oil traders and a disguised lottery all flourish in Afghanistan’s fledgling banking sector
Dow makes its worst new-year debut since 1983 USAT
Year of the Bear? Portfolio
It's just one day, sure, but rising oil and a slowing economy may a take greater toll on stocks.
A nice apocalyptic start to the New Year Brimelow
If there's a market slump in '08, here's how to deal with it DMN
Wednesday January 2.
U.S. stocks fall as prices of commodities rise MW
REIT, Hotel Stocks Knocked Down TheStreet
Crude Hits $100 for First Time as Record Demand Pushes Prices Higher B
Gold rises to new 28-year high on weak dollar, geopolitical fears Thom
Monster online jobs index falls in December Reuters
2-Year Ts Gain the Most in Three Weeks as Manufacturing Declines BL
ISM: U.S. factory sector contracted in December ISM
Weakest Reading since April 2003
U.S. Nov. construction spending rises 0.1% Census
Retail Sales Rose 2.3% Last Week as Consumers Pared Holiday Spending BL
National City Will Slash Payout 49%, Cut 900 More Jobs as It Curbs Lending BL
Will The Truly Efficient Market Please Stand Up? Contrary Investor
Recession risks FT
Boating Industry Slump Could Signal Recession NPR
In the Land of Many Ifs NYT
A Happy New Year! Stelzer
New Year, Same Problem TheStreet
Our Economy’s Boiler Room Trumpet
2008 outlook: Fasten your seatbelts CNN
Kass: 20 Surprises for 2008 TheStreet
A wild ride into uncertainty LA Times
Investors reintroduced to volatility Chicago Tribune
The Solvency Crisis Prospect
A Recession Shouldn't Be in Your 2008 Forecast Berry
Is the Economy Plunging or Drifting into a More Challenging Year? UOBGroup P
Economists turn doomsayers as turndown shakes faith in forecasts BrisbaneT
Dollar stumbles into 2008 FT
Credit-card issuers sock late payers with 30%-plus default rates MW
Customers, Not Brokers, Profited in an Odd 2007 NYT
An Ottoman warning for America FT
More US mortgage mayhem looms FT Alphaville
Citigroup May Write Down $12 Billion, Bernstein Says BL
Credit crisis to put the squeeze on growth around the world Times
PHH Scraps $1.8 B Sale as Blackstone Fails to Get Funding for Deal BL
Q2: How does the credit squeeze change the job of central banks? FT
Reinsurance renewal prices fall FT
The price of reinsurance fell across the board at the crucial Jan 1 renewal, amid few signs that the crisis in credit markets is affecting reinsurers' appetite for risk
Centro Puts Itself Up for Sale as $3.4 Billion Debt Deadline Approaches BL
Japan offers a salutary tale in banking crises FT
'House Lust' Hits Home Samuelson
Lender Lobbying Blitz Abetted Mortgage Mess WSJ
2007 Year in Review: Subprime Explodes, Prices go Negative, and Captain Credit Crunch Enters the Sea of Housing Dr. HB
More Aid Needed for Housing Market: White House Reuters
Malls For Sale, Mortgage Firm Sale Fails Yahoo Newsbits
Corporate Bond Yields Drop as Citi, AT&T, Companies Refinance $557 Billion BL
Bank Warnings Cast Cloud on '08 TheStreet
GM, Ford December U.S. Sales Likely Fell, Capping Slowest Year Since 98 BL
Buffett's Bond Insurer Is Good News for Ambac, MBIA Mysak
Cheapest Stocks Since 1974 Make Phone Shares Cheaper BL
How a bank fell victim to loan fraud LA Times
Gold futures rally to trade near $850 an ounce MW Crude Hits $98
Golden year predicted as yellow metal closes in on all-time high Inde
Almost nothing is as good as gold Australia
Stocks better bet than gold in 2008 Hulbert
Energy costs could rise more in '08, analysts say AP
Oil Rises Above $97 a Barrel on Speculation U.S. Stockpiles Fell Last Week BL
Peak oil theories FT
Industrial Commodities Update Saville
China starts 2008 with gains, Pakistan down again MW
2008: The year a new superpower is born Independent
Year of living expensively looms as prices soar Standard
China's Hu vows forceful measures to curb inflation AFP
Worst outlook since dotcom bust FT
House prices to fall for first time in 15 years Telegraph
Kuwaiti fund eyes US subprime bargains FT
The KIA has already made huge profits on its $700m stake in Industrial and Commercial Bank of China. But Asian banks are also expensive...
Kenyan Stocks Drop on Disputed Vote; Currency Trading, Tea Auction Halted BL
Tuesday January 1, 2008.
Dollar May Extend 2-Year Decline Versus Euro B
Home prices: Where's the bottom? CS Monitor
2008 outlook: Fasten your seatbelts CNN
FSA forces LSB to seek cash injection Times Online
The consumer lender became the first London-listed bank to admit that it had been ordered by the FSA to increase reserves dramatically
Darker 2008 for Detroit’s Automakers NYT
City faces tough times as recession threat grows and era of easy money comes to an end Times
Ten resolutions that will help you survive the coming bear market Farrell
Buffett May Not Be Called in General Re Trial, Government Says BL
Analysts see prospect of 100-dollar oil in 2008 AFP
Biggest drop for sterling since '92 Telegraph
Economists warn of a '50-50 chance' that Britain is heading for a recession.
Credit record defies rate hikes Australian
Upward pressure on SKorean prices: finance minister AFP
Chavez Revives Historic Coin to Reduce Latin America's Fastest Inflation BL
Taiwan President:US Caving To China Pressure By Opposing UN Bid AP
2008: A Look Ahead CS Monitor
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