feedjuly04






		Weekend Edition (July 31-Aug 1) The Week Ahead: A Crude Assault CIBC PDF The Endgame For Mutual Funds Mauldin Trouble at The Core PBear (Noland) Euro Gold Stealth Bull Zeal The US Dollar and Gold at the Crossroads Again Financial Sense Q&A: Dealing with Debt Times Online Friday July 30 An Open Letter to CNBC SH Economic Growth Slows More Than Expected to 3% pace BL BEA - T’s Firm Crude Oil Rises to Record on Concern Supplies Will Be Disrupted Bloomberg Global oil production now flat out Energy Inst Tiny bubbles? CNN Big Board to unveil expanded electronic trading CBSM Builders fear pinch from shipping prices could hurt economy HChron The Unbearable Costs of Empire Business Week Clinton Hints at China Role in U.S. Election Bloomberg Is Stock Market Cheap or Expensive? Comstock Cheap again Economist After a brief pause in May, money is once more being thrown at borrowers Wall Street Economists See Fed Rate at 2% or Higher Bloomberg Spiders Fall Down the Spout Again Schaeffers Isn't It Odd? Schaeffers John Q. Investor was painfully fooled in the bubble but he gamely came back for more. If he experiences “deja vu all over again" in terms of an accelerated market plunge below a bogus "support level," we can forget about him participating in the market for many years to come Kerry's Deficit-Cutting Math May Not Add Up WSJ AT&T Credit Rating Cut Two Levels to Junk by Moody's Bloomberg Krispy Kreme Reveals SEC Probe Reuters US court delivers crushing blow to Black FT CoolBrands trading frenzy cancelled Globe & Mail Doug Maybee said the trades were cancelled because of the Markham, Ont.-based company's "improper dissemination of the news” Time Warner Expands Internal Probe CFO Shell pays $151m in fines to watchdogs FT Coral Energy must pay $30 million for exaggerations HChron Citigroup targeted in Parmalat lawsuit FT How IT spending is changing McKinsey ($) Gold is OK Russell Wife of billionaire investor Warren Buffet dies AP The destruction of Yukos is nearly complete Economist Boom, bust and hubris Economist Politics risks undermining Britain's economic success The shadow of an overvalued market FT Personal debt in Britain equals entire economy in size IHT (BL) Pace of Japan's recovery steady but slowing FT IMF Report Faults Fund for Lending to Argentina Before Default BL Transcript Brazil's central bank rocked by resignation IHT (NYT) House price survey comes under fire Times Online Hashimoto faction accountant grilled Japan Times Derivatives ploy casts shadow on Tata IPO FT Thursday July 29 Employment costs up 0.9% in 2Q CNNÂ Jobless claims inch up GDP Report Could Spur Talk of Stagflation TheStreet Bush Has A Lot Riding On Revised GDP Data NYP (Crudele) Oil Prices Fall As YUKOS Threat Recedes Globe & Mail Slowing earnings may fuel the bears Desert Sun Americans' incomes fell for two years CNN IRS data shows first-ever consecutive-year drop; loss of jobs blamed. The Wall Street Self-Defense Manual, Part 3: Your Real Projected Returns Slate Part 4: What financial advisers are good for -- and what they probably aren't Slate Schaeffer on Charts: Sweating the Small Stuff Schaeffers The Cultural and Spiritual Legacy of Fiat Inflation Mises The Good Old Days North What's the REAL Reason McDonald's Will Take Your Plastic? Elliott Wave Are there too many ATMs? Post-Enron, Structured Finance Addiction Hasn't Ebbed TheStreet Will oil prices vindicate Allmon? CBSM Losing patience with US trade deficit CS Monitor The Deficit Estimating Cycle CATO Wave of Regulations Will Follow Tsunami of Federal Spending IBD An Intel Payout? Watch Out Business Week Steel costs, pricey gas squeeze automakers AFX Schwab to close 53 branches Reuters Bristol-Myers Squibb Says Earnings Fall Reuters Shell Pays $150 Million to End Probes; Output to Fall Bloomberg Four Firms Settle NASD Bond Allegations CFO Express Scripts Hit on Probes TheStreet Monthly FX Outlook CIBC PDFÂ Gold and the Dollar Saville Money Matters & Gold # 3 Â Schmidt How Much Gold? GalMarley Consolidated banking statistics for the first quarter of 2004 BIS Central Bank Closes 4 Delinquent Banks Moscow Times ECB Trumps the Fed on Achieving Price Stability Bloomberg UK debt likely to top Â£1 trillion BBC Bank chief raises fears of collapse in housing market Independent Wimpey: Property bonanza is over Independent Bank expert reassures on 'debt bomb' Times Online Concern over Berlin trading Knight Ridder Suspicions arise that short selling may be motive Inflation Targeting and the Strong Rand AEI Major violence back in Iraq CS Monitor Wednesday July 28 Fed: growth slowing in some regions CBSM Fed’s Beige Book FED Consumer spending moderated across much of the country in June and early July Gold set for first rise in eight sessions CBSM Oil Hits $43, YUKOS Told to Stop Sales Reuters Report Expected to Show Deficit of $420 Bln Reuters Durables Orders Rise 0.7%; Less Than Expected B Census - Treasuries Gain Oil Higher as Yukos warns of possible production halt AFX Back to Basics: Warnings of Impending Pain GMO Quarterly PDF US Wants Shady Bank Moves Reported Faster Reuters Schaeffer on Charts: A Threshold Breached Schaeffers Are you irrationally exuberant? CNN The bubble question If you think you can't lose with real estate, think again Are Hedge Funds Ready to Blow? Kiplinger Anyone want to bet where the next big financial blow-up will occur? My money is on hedge funds. What Do Dot-coms & Hedge Funds Have in Common? NBR Hedge fund sleuths in demand CBSM More investors hire investigators as industry booms The added expense of hedge funds FP Is Saudi Arabia running out of oil? MSN Refineries Making Huge Profits but Major Companies Avoid Building in U.S. AP Why your electricity bills are soaring Forbes Tech sector is feeling the squeeze FT Pension safety nets under threat FT United warned over pension plan BBC Time Warner Profit Falls; Sales Rise on Cable, Film BL Nortel to reveal further cuts FT EDS Cuts Dividend TheS E-Calendar CBSM Google: Paper millionaires bring back memories of bubble AP PeopleSoft Fails to Hit Reduced Revenue Target TheStreet Electronics, Furnishings Chains Face a Lean Fall TheStreet Former US Ahold directors charged with fraud FT The Poet of Finance Mayer Shoppers Putting the Tiger Back Into Asia Bloomberg The Chinese audit that went nowhere Asia Times Chinese hunger for scrap TheAge Nickel price highs 'won't last T OECD slates eurozone for 'lack of dynamism' FT OECD 70% of Russians Don't Bank Moscow Times EU Says Putin Out to Destroy Yukos ~ Putin Aide Named Rosneft Chairman MT Kremlin soothes BP over trading in Russia Guardian Germany's preeminence in engineering declining InTech Failure in Cancun Haunts WTO WP Currencies: Dollar soars on hopes for higher U.S. rates IHT (B) Tuesday July 27 New home sales ease from record pace CNNÂ Census U.S. consumer confidence surges to 106.1 in July Conference Board Technology? We Have a Problem Schaeffers Free Trade and a Big US Debt CS Monitor The 'New' Paradigm? PBear Analysts Continue Bearish on Market, Economy CFO That Came From Barron's?! Elliott Wave The July Jolt -- What Tripped the Stock Market Bloomberg More Funnies from the Fed Rostenko Fed's Bluff and Bluster: Where's Sgt. Friday? Kitco Both Parties Get Blame for Economic Mess CrudeleÂ Book: Running On Empty Speculative investors buying metro Phoenix homes Business Journal Poll criticizes marketing of adjustable-rate mortgages AP Interest-Only Mortgage Turns Up the Heat in Homes Bloomberg Google Says It Is Worth Up to $36B NYTÂ Google's 15 minutes of fame CBSM Google's proposed price would value the company at 150 to 187 times its last four quarters of earnings. By contrast Yahoo is valued at 105 times its earnings. Chipmakers' Problems Are Speeding Up Business Week The industry faces delays, sliced profits, and overheating chips. Struggling chip plant trims Chartered's value IHT (BL) Output may fall at the factory after orders were canceled for cellphone and Internet equipment chips, the chief executive, Chia Song Hwee, said Car makers on skids North Queensland The car industry is heading for financial crisis followed by years of "graceless degradation", the authors of a controversial new book claim Verizon 2nd-Quarter Earnings Rise ReutersÂ DD - LMT - GSK - ABX Insider Watch: Executives cash out with options IBD (CBSM) Bear Trading Unit Joins Trading Floor Exodus NYP Report: U.S. set to file Ahold charges CBSN 'Sobering' sentence Rocky MN Will Hoover's 100-year jail sentence appears to have set a Colorado record - one that prosecutors say the convicted financial adviser could have avoided had he not elected to take the case to trial Stewart may 'sacrifice' freedom for company AP Two Small NYSE Specialists Settle Trading Allegations TheStreetÂ NYSE Spiegel Stock Gets The Hook NYP Citigroup's Faithful Ignore Tarnished Reputation Bloomberg Spitzerâ€™s newest target: energy companies that release carbon dioxide Forbes No 9/11 ''Insider Profits,'' SEC Finds CFOÂ SEC India bank's woes spark panic BBC â€œMany are waiting anxiously to see if their money will be recoveredâ€ GTB shareholders the ultimate losers Rediff Merger brings little cheer to bust-bank customers Times of India People have been led to believe that money in banks is safe Indian Express Hayek, Once China's Poison, Is Now Its Prophet Bloomberg Acute power shortages cause disruptions across China WSWS Plane shortages, infrastructure issues hamper China's aviation sector AFP China bars Beijing Capital stock sale IHT (Bloomberg) Crisis Of Confidence In Russia's Central Bank? RFE A recent study found that 56 percent of Russians believe that a crisis similar to the August 1998 financial meltdown could happen again in the near future German Business Confidence Rises for First Month in Three as Exports Gain BL The Enemy Within Forbes A corporate feud in Brazil that already involves Citicorp now drags J.P. Morgan Chase into the mess. Mexico has no immediate plan to switch debt from bailout Reuters The debt in question resulted from the near-collapse of Mexico's banking system in late 1994 IMF reviews role in Argentine crisis Merco A sign of rebuilding: Iraqi mortgage fund Reuters Monday July 26 Fed still long way from neutral rates, Hoenig says Stocks Fall; S&P 500, Nasdaq at 2004 Lows Reuters Gold futures fall under $390 CBSM U.S. Existing Home Sales Rose to a Record in June Bloomberg Social Security crash closer than you think UPS Google Applies to List on Nasdaq Reuters Google's Drummond gets SEC notice Reuters Wal-Mart Backs July Guidance TheStreet This Bull's a Little Long in the Tooth Wall Street Journal Sorry, but we're not in a new bull market Independent (King) The contrarian’s goal: To make money MSN (Fleck) Markets brace for Perfect Storm Scotsman Second Wind Hussman Meyer Looks at the Fed and a `Private' Greenspan Berry Has earnings quality really improved? CBSM One accounting pro doesn't think so Ingram on Earnings Globe & Mail First Call Calender ~ Analytics 'Time bomb' signals end of US house party FT Housing - turn out the lights, party over FT Mortgages Get More Exotic WSJ ARMs gain appeal as rates rise USAT Ten Recurring Economic Fallacies, 1774-2004 Mises Venture funding stagnant Mecury News In the latest sign the economy may be cooling off, venture capital funding remained flat in Silicon Valley and fell nationwide for the first time in 18 months. HP chief hits back at US tech criticism FT Analysts predicted levels of performance for some high-tech companies that went "far beyond what was reasonable" Google set to reveal IPO price range FT AT&T said to be takeover target CNN Ford and GM -- Banks on Wheels? Reuters Booming LCD bubble may burst due to supply glut Times of India Attention, Kmart Holders: Game Plan Has Pitfalls WSJ The CEO Dunce Card NY Post Scope of CEC probe widens FT Broker Sands is Probed by NASD NY Post After Defeat in House, FASB Finds Allies in Senate Smart Pros Gold May Rise on Increased Demand From Jewelers, Survey Shows Bloomberg Commentary: Expect a rally in battered gold shares CBSM Australia: Wholesale inflation pressures rising Financial Review House price tide has turned This is Money Is China heading for a financial crisis? Brookesnews Efficiency, quality and innovation: before China becomes world's plant PDaily Steel officials to be punished for illegal expansion TheStandard Massive boost to US-China flights BBC Saudis 'can raise oil output to 16m bpd' Gulf News Weekend Edition (July 24-25) Recession Watch Mauldin Normalization Means Higher Inflation AEI (Makin) Is a Stock Market Crash Imminent? Droke Housing Bust: It Won't Be Pretty NYT (R) (Morgenson) Some fear natural gas dependence may be trouble HChron Ominous Stock Technicals Zeal The Great Mortgage Spread Trade PBear (Noland) Housing Market May Become A Laggard Northern Trust Ask the Expert: Panzner Financial Sense UAL may cut $500m pension contributions FT Grand Jury Eyes Newsday Numbers NY Post OSC May Take Action Against Mutual Funds in Trading Probe Bloomberg Former Boeing CFO Sears to Plead Guilty in Pentagon Case Bloomberg Even in a bear market, some fund managers saw a bonanza G&M Many mutual fund investors left their monthly statements in piles of unopened mail...Fund executives couldn't wait to tear open their pay envelopes Rich are spending, while poor tighten their belts USAT The Chinese Boom Can't Last Mises Chinese Economy After the Bubble - Lessons to be Learned From Japan CIT Rate rises loom in near-boom conditions Times Online UK: Judging the extent of summertime blues FT SA Property: is there a bubble? PF Friday July 23 What a Week: Growling Bear TheStreet Blue-Chip Dow Closes Below 10,000 Level CBSM Amazon Down 13 Pct on Slow Growth Fears Reuters Techs face tattooing CNN Prospects and Policies for the U.S. Economy: Levy Why Net Exports Must Now Be the Motor for U.S. Growth Debate Over June Data Going Strong ECRI (Bloom) The U.S. economy is "on the cusp of a slowdown that will persist at least through year-end." Global: Taming the Dragon Morgan Stanley (Roach) The Fed Is to Blame Forbes (Shilling) The ills that the Fed is fighting are largely of its own making...the effects could be brutal for a lot of people Fed's economic view too rosy for some analysts Reuters Fed Thinks Too Much of This Economy TheStreet The Mystery of Central Banking Mises Growing imbalances belie Greenspan’s confidence WSWS On the Margin Cross Currents Dullsville, U.S.A. Comstock Too much complacency CBSM (Hulbert) Advisers are significantly more bullish today than they were earlier this year when the stock market was at levels similar to today's. Time to dump stocks? CNN Technical and geopolitical woes build CBSM An eerie calm Economist The fact that implied - ie, expected - volatility in financial markets is so low should give investors everywhere pause for thought Credit recovery looks fragile FT Prediction: Nasdaq Will Not Crash for Awhile Financial Sense Reality vs. politics in accounting NYT (Norris) More cash, bigger dividend? Not necessarily IHT (NYT) What's your adviser selling? CBSM Just because someone is promoted as a financial genius doesn't make it true. On the crest of a wave? Economist Things have been so good in the bulk-shipping market that it is hard to believe they can stay that way Florida's Insurance Crisis PalmBeachPost An impending crisis looms across all lines of insurance in Florida. Jemmco Capital Winding Down Hedge Fund TheStreet Sinking Feeling Intensifies at Fannie TheStreet Fitch Cuts AT&T to Junk CFO Microsoft profit rises but misses forecasts MSNBC Amazon.com shy of Wall Street view CNNÂ BBI - SLB - WY - HAL Volkswagen's Profit Drops, Issues Warning AP Baxter to Restate Three Years of Results CFO Maytag Reports 2nd-Qtr Loss; Slashes 2004 Forecast Bloomberg Weak Dollar Helps Coke Post Bigger Profit Reuters Report says Schwab may sell itself Reuters Viacom Gives Mel $35M Goodbye Kiss NYP USDA Says Investigators to Probe Pilgrim's Pride Reuters Accounting Rulemakers Get Support from Senate WebCPA NYSE Short Interest Down Slightly NYSE U.S. stock fund inflows dip to $1.4B: Trim Tabs CBSM Return Of The "Next Big Thing" In IPOs Forbes IPOs Run Hot and Cold DFP Monetary policy and asset price bubbles: calibrating the trade-offs BIS PDF Market distress and vanishing liquidity: anatomy and policy options BIS PDF $ Gains to 3-Week High - Oil steady, gold falls - Copper Falls Is Gold in Short Supply? SH Summer Doldrums Won’t Last Long G-E Yukos warns it could be bankrupt by middle of August IHT (NYT) IPO boom prompts overheating concerns Japan Times Ultraeasy monetary policy to go unchanged Japan Times Health, cash woes push suicides to record high Asahi Attack North Korea's Kim With Global Markets Bloomberg China to further reform on investment system People’s Daily The great Indian mall boom Asia Times AMP Capital says 'exceptional' returns won't last NZ Herald Business sees slowdown for exports in coming year Joong Ang Fear of debt shakes shares This is Money Bank of Canada Signals That It's Ready to Raise Rates Bloomberg EU Investigators Raid Euronext Offices AP Bank manager jailed HS Request for China sock import quota focused China Daily Is America over a barrel? KC Star China tells US not to sell arms to Taiwan People’s Daily 9/11 report: "Terrorism" catchall too vague an enemy ST The Drop in the June Leading Index May be Transitory NT (Kasriel) Thursday July 22 The U.S. Leading Index Falls Slightly Conference Board Jobless claims dip by 11,000 CNN DOL Washington Mutual Cuts 2,500 More Jobs Reuters Caterpillar Earnings Fall Short Reuters Don’t Ask Greenspan For Advice On What Mortgage To Get NYP (Crudele) Happy 80th birthday, Richard Russell CBSM Global: The Job-Quality Debate Morgan Stanley (Roach) Global Funds: Lots of cash, little to buy IHT U.S. Underestimated War Costs by $12.3 Billion - GAO Reuters Housing Construction Plunges Weiss The Wall Street Self-Defense Manual, Part 1 Blodget The Wall Street Self-Defense Manual, Part 2 Blodget Stocks are a great investment -- if you can wait 30 years. Disgraced Analyst Blodget Warns of Wall St. Tricks NYP Midyear Economic & Market Review: More Disappointment Ahead? Gillespie Home Owners Rush to Sell as Boom Cools Off Reuters Indebted Spendthrifts Bonner From the Horse's Mouth Hudson What Do WMD's And Your Portfolio Have In Common? Tim Picks The Sheer Hypocrisy of U.S. Trade Policy FEE US watchdog under fire over oil reserves scandal Times Online Petroleum traders walk out in electronic switch protest Guardian Accounting Issues Delay Ceridian Results CFO Soros salary tops Wall Street CBSM Capital One Q2 rises; 1,400 jobs cut CBSM MCD - SEBL - UST - KMB - UPS Market Slump May Hit Fund Company Results TheStreet NYSE specialist VDM Q2 rev drops as vol. decline CBSM Washington Mutual Q2 profit halves CBSM The $32 Billion With a Bonus in Tax Breaks NYT (R) (Norris) Mitsubishi Motors Cuts U.S. Work Force Reuters Don't Ask Jeeves CBSM EBay: Shares Fall on Forecast B Janus remains loyal Rocky M AT&T Will Stop Vying for Consumers, 2nd-Qtr Profit Plunges Bloomberg Sears warns earns to miss forecast on sales decline CBSM China's Murky Statistics Complicate Analysis Reuters Yukos May Go Bankrupt, Has Three Weeks of Cash Bloomberg Yukos warns of impending bankruptcy FT House price crash across the Atlantic could give us a soaking over here too Inde Plastic's not so fantastic as retailers slash rates Guardian Companies failing to plug pension shorfall FT Ford set to build its 3rd car factory in China IHT (BL) Government 'feared a betting bonanza' Guardian Asset bubble needs monetary policy tightening Financial Gazette Nikkei falls 1.5%; techs down CBSM Nasdaq Skids to Year's Low TheStreet Spooked investors 1, Greenspan 0 CBSM Greenspan Effect Didn’t Last Long Financial Sense Wednesday July 21 Greenspan Says Fed is not Worried About Deflation Comstock Fed's Inflation Optimism Buoys `Measured' Steps Berry Baum Prediction: The future of the USA stock market Sornette Will the Market Range Trade Until 2008? Schaeffers Strategists mull end of bond bear market Reuters “Markets will really start to worry if we get, say, just 100,000 job additions for July...it could be panic stations as people worry about a return to negative growth and talk again about deflation.” Ho Hum leads to Bah Humbug Tuscan Business Mortgage Applications Fell Last Week Reuters House Votes to Block Stock Option Mandate AP Ford, GM bonds fall amid earnings CBSM Ingram: At Ford, credit is job one Globe & Mail GM Q2 net boosted by finance arm CBSM J.P. Morgan Posts Quarterly Loss Reuters AMTD Bill Gates Shakes Spare Change From Couch Komo Grasso sues, demanding 50 million IHT (NYT) Financial Planners Cry Foul Over SEC Policy TheStreet Hedge funds fill a strategy gap FT Hedge funds, faced with weak returns or losses on some of their strategies, have been flocking to a new one called capital structure arbitrage, which exploits mispricings between a company's equity and debt. Were They Ever Really the "Masters of the Universe"? Elliott Wave Domain name sells for $2.75 million MSNBC Deal reminiscent of Net's bubble days Gold Declines for Third Day in London as Dollar Rises on Greenspan Comment B Still more upside for gold Mineweb Japan Almost Doubles Growth Forecast Reuters China's auto storage rises in 1st half of 2004 People’s Daily Order halts property grab TheStandard Energy shortfall to persist PD Bank of England Policy Makers Signal Rates to Rise BL Is Korea Facing a Japan-Like Lost Decade? BL Ministry prepares to break up Yukos Guardian Markets Tumble Moscow Times Investors react with dismay over Yukos move FT Profit warning halves Converium's market value Swiss Info South Korea: 'Bad bank' fails to lure many debtors FT Managed funds bleed cash New Zealand Herald Being and nothingness Economist All is quiet on the financial front, despite many a doom-laden prediction, not least from Yours Truly. Time to stop worrying and learn to love the recovery, then Tuesday July 20 Highlights from Greenspan Q&A Reuters Greenspan Testimony FED “The considerable monetary accommodation put in place starting in 2001 is becoming increasingly unnecessary.” “An unwinding of carry trades seems to be under way... Indeed, the swing toward a net short position on ten-year Treasury note futures has been the largest since the inception of the contract in the 1980s” Greenspan Expected to Say All's Well Reuters The `Greenspan Made Me Do It' Excuse Won't Cut It Bloomberg The Bear's Lair: Life after Greenspan UPI Fed Sees Inflation Rise as Temporary Reuters Broaddus Q&A U U.S. June Housing Starts Fell to Lowest in a Year Bloomberg Census Basic Training Doesn't Guard Against Insurance Pitch to G.I.'s NY Times “I asked him what this money was coming out of his paycheck for, and he didn't even know” This is as Good as it Gets Financial Sense A top performer throws in the towel CBSM Monetizing Envy and America’s Housing Bubble Englund Bad News Is Good News...As Always Rostenko The Road to Profits is (Still!) Paved With Gold Schaeffers HUI chart Russell Indiana Jones and the China crusade Guardian Jim Rogers, investment guru; co-founder of Quantum Fund with George Soros Concrete shortage begins to harden The Enquirer Demand is so strong that concrete makers are reporting shortages in 23 states Lumber prices poise for decline Purchasing.com Big Rise in IT Outsourcing, Says Survey CFO States to outsource more jobs DetFP Upromise Aids U.S. Savers With Indian Secret NYP Congestion Ahead for Ford and GM Business Week Ford's 2nd-Qtr Net Triples to $1.2 Billion on Loans BL CAL - MO S.& P. Downgrades Delta's Debt After It Posts Big Loss NYT 23 Reasons Google Could Become a Penny Stock PRWeb Google searching for worth AP Newsday, Hoy Ax 2 ~ Advertisers Blast Paper NYP Pottruck ousted from Schwab CBSM KFC supplier in cruelty furor Reuters Options Bill Could Face Vote Today CFO Big Severance Packages Mark Recent Deals CFO Spitzer Wants Grasso in State Court TheStreet Stewart considers serving jail time now CNN/Money Funds battled market timing Boston Globe Despite profits, hedge funds remain in limbo IHT (B) SEC Hedge Fund Proposal Doesn't Go Far Enough Bloomberg How has the US been spending other people's billions? Guardian Saving the World with Your Money Ron Paul Halliburton Subpoenaed Over Unit's Iran Work Reuters Over-hyped hypermarkets Asia Times Review of “The Power of Productivity” A Internet exchange luring investors Bloom HedgeStreet Asian techs tumble Reuters China: Regional Imbalances and Macro Policy-Making Xie China: No Further Tightening Needed BCA China June car sales slip for third straight month Reuters Strategy targets £1 trillion debt pile Guardian Listless hedge funds stuck in the doldrums of FTSE 100 stability Times Online Mortgage borrowing hits record high Guardian Property price bubble has burst This is Money Real estate fairytale over TheAge India's Current Account Surplus Limits Growth Bloomberg India is complicating its growth agenda by parking money in U.S. Treasuries even when its savings aren't enough to meet investment needs Alfa: Crisis May Sink Realty Prices Moscow Times Banks draw a line under July crisis RosBusiness How trader’s firms profitted from CBK cash East African Standard Scrap metal thieves on the prowl Straits Times Earnings expectations help explain market lull USAT High expectations set companies up for a fall USAT Monday July 19 Oil nears $42, closes at 7-week high CBSM Intel's twin woes: excess capacity, slack demand MSN (Fleck) Chip giant's results expose huge problems the whole industry faces Tech stocks stalled, but are they headed for a crash? SF Chronicle Tech investors could be in for a double dose of bad medicine Globe & Mail How To Sail Hussman The World's Biggest Hedge Fund Morgan Stanley (Roach) The bear is back Warsaw Business Journal The demise of the equity culture will, once again, be blamed on corporate malfeasance, as a whole wave of new scandals is about to hit the headlines With bears more persuasive than usual, consider survivalist mode G&M Veteran letters getting grimmer CBSM How low will the dollar go? A little lower, maybe, or not FT Tomorrow's Profits Matter Today Wall St. Journal IPO Market Uncertain After Tough Week Reuters Rate Rise Could Bankrupt Debtors NY Post Rising Risk of US Debt Costs Morgan Stanley Bankruptcy bill fades. Why it won't go away CS Monitor Bank Mergers Worry Business Owners TheStreet A signal to investors -- Pros boosting cash stakes AP GDP and equities: don't be fooled Brookesnews All of America is dancing to the Wall Street Waffle SF Chron A swift fall is not on the cards FT The US stock market is about 25% undervalued or is due for a 48% decline. The long, slow road to recovery Rocky (NYT) California's Silicon Valley avoids 'death's door,' but travails go on Stock option excess may be costly to companies HChron Intel Delays Introduction of a New Chip Reuters Is Warren Buffett about to walk all over the London insurance market? Observer Crybaby’s Prison Rap NYP (Byron) Stewart's outrageous attempt, in both her courtroom statement on Friday and thereafter to the press, to wave away her conviction as the criminalization of a "small personal matter" should have disgusted every law-abiding citizen in America SEC Probes Brokers' Ties to Bond-Auction Investors, People Say Bloomberg Natural gas crisis looms, study warns Financial Post CERA Gold still outshines alternatives Courier-Mail Where Bill Gross and `Mr. Yen' Agree on Debt Bloomberg Choices facing Brown get harder all the time Independent (King) CBI weighs in behind calls for retirement at 70 Times Online Graphic: Growing cost of state pensions TO Regulators blamed for S Korea card crisis FT Moody's, Morgan: Crisis Over Moscow Times China's Policy Makers Have Cases of Market Phobia Bloomberg Tightening Is No Drag On Shanghai Ppty Mkt Dow Jones China plans $1bn bond to ease fears FT Oracle: Linux the choice in China FT US to impose tariffs on Chinese products People’s Daily Another 400 Shanghai firms to work at night BBC The Franco-German Alliance Against Market Freedom Mises Iraqi premier reopens paper AP Now America accuses Iran of complicity in World Trade Center attack Telegraph Soft June Noise Or Signal? Northern Trust (Kasriel) U.S. Stocks May Fall as Fewer Companies Raise Profit Estimates Bloomberg Metz: “Earnings momentum is slowing down. It's going to be a down year for stocks” Dollar May Decline for Sixth Week Against Euro, Survey Shows Bloomberg U.S. Treasury Notes Poised to End Longest Rally Since September BL Gold May Rise as Dollar Falls, Oil Price Rallies, Survey Shows BL Soft economic data unlikely to faze Greenspan MSNBC 'Speed bump' slows growth at inconvenient moment for Bush Weekend Edition (July 17-18) This Week: Earnings, Greenspan to set the tone CBSM CIBC Preview (Canada) The Financial Sector Earnings Illusion PBear (Noland) The China Productivity Miracle Mauldin Synthetic HUI Options Zeal Indebted U.S. Ponders Maggots, Robbery Reuters Reality Always Returns Financial Sense Real estate tells tales of impending bubble Inman Appraisals Misused in Missouri Fraud Scheme FSO Balance Sheet: Accounting in Darwinian terms IHT Pay Hikes Won't Top 4 Percent in 2005 CFO Weak GM Sales Cast Shadow Over Industry Reuters Metals shine again as China fears subside FT The China Factor Kitco Pensions crisis to cost £2bn in lost taxes Times Online Yukos chief defiant in courtroom cage Guardian Weekly Leading Index Falls to 15-Month Low ECRI Chart "Despite the optimism of a rebound, this index is telling us that the current deceleration is likely to continue” Stewart: “There's many other people that have gone to prison. Look at Nelson Mandela” Martha Talks to Barbara ABC Grounds for Appeal? Prison Blues: 12¢ an Hour, Loss of Control and No Tennis NY Times (R) She Goes Down Plugging NY Post Friday July 16 Dollar Drops to 4-Month Low Versus Euro on Tame U.S. Inflation Bloomberg Domestic maven to appeal; broker gets identical term CBS Martha Gets 5-Months in Jail CNN Stock Surges Martha's day of reckoning CNN/Money Martha Stewart Living stock rises before sentencing Reuters Martha sells posh New York condo CNN/Money Martha Stewart Could Face Bare Walls and 'Scrubs' TheS Martha Watch: CNN Consumer sentiment improves a bit in early July, UMich C Consumer Prices in U.S. Rise 0.3%; Core Index Up 0.1% Bloomberg BLS Elections not always good for stocks CBSM (Hulbert) What Is Stock Action of Blue-Chip Company "Paychex" Telling Us? And FSense Unlike Last time, When this Bubble Bursts, the Average Joe Will Feel the Pain Nasdaq 100 Sentiment Still Too Rosy Schaeffers United States: A Whiff of Stagflation? Morgan Stanley (Berner) More M3 Money Supply - When Indicators Fail Gold-Eagle Norris: Who says boring is bad? IHT Companies, investors suffer maturity mismatch Reuters From alpha to omega Economist The rush into hedge funds is pushing down returns Hedge Funds March on D.C. NY Post 3 ways we already feel inflation's sting MSN (Jubak) Bies: Fed Must Watch for Higher Inflation Reuters Treasuries Drop BL Inflation- linked bonds 'set for solid growth' FT Commodity Price Estimates Raised Again BMO Commodity prices fall BMO Gold and Interest Rates Saville Can Kerry find his own Robert Rubin? Slate The Diamond cartel isn't for ever Economist U.S. Companies Pile Up Cash, Face Alternatives BL U.S. companies built the largest cash reserves in more than 40 years...Surging cash levels don't guarantee stocks will rise. Dell Says Second-Quarter Profit Will Exceed Its Forecast on Lower Tax Rate BL IBM Beats Estimates, Affirms Guidance TheStreet EDS reassures investors after rating cut FT Motorola Cuts Price of Freescale Unit Shares by as Much as a Third to $13 BL Blackridge delays its public offering FT Freescale IPO Getting Cheaper TS Questions of insider trading raised in OSC probe Globe & Mail US bank 'hid Pinochet millions' BBC PNC to Buy Riggs National, Bank Faulted by U.S. Senate in Corruption Probe B Doubts grow on tech sector recovery AFP One Voice ... Makes the Air Noxious? Elliott Wave Chinese economic growth slowing BBC Inflation in Europe Slowed From Two-Year High in June as Oil Costs Dropped BL Taiwan Central Bank Pledges to Curtail Run on Funds BL The rush is ``irrational'' and sufficient money will be made available to provide ``liquidity to stabilize money markets'' Shell had early reserves warning Guardian Cheap takeover faces troubled Japanese bank Asia Times Yukos, Bank Woes May Boost Euro MTimes Russian Banks: Crisis or Panic? Government Deepened Card Crisis Korea Times High commodity prices expected to keep oilpatch awash in profits CP An embarrassment of riches is becoming commonplace in the oilpatch... Opec cancels Vienna meet Gulf News Strong rand is stairway to ruin Business Day SA: 'Road Accident Fund on the verge of bankruptcy' M&G Guinea: Economic crisis and Liberian gunmen threaten stability IRN U.S. House Votes to Cut Saudi Arabian Aid in Terrorism Protest Bloomberg Bank of America, Top Forecaster, Says Dollar to Rise Bloomberg `Europe is dead in the water. Japanese growth will slow.'' Thursday July 15 Philadelphia area's factory activity rises FED N.Y. factories strong CBSM U.S. June Producer Price Index Fall 0.3%; Core Rate Rises 0.2% B BLS Industrial output down 0.3%; capacity utilization slips to 77.2% CBSM Fed U.S. jobless claims bounce back CBSM DOL Global Property Bubble? (Part I & II) Morgan Stanley (Roach) Is tech a 'ticking time bomb?' CBSM Suddenly, a Mushy Software Market Business Week U.S. Treasury says likely to hit debt limit in Oct Reuters Falling corporate tax revenues push budget deficits even higher EPI Drawing lines in the sand CBSM There Maybe More Gold in Ringgits Than Dollars Reuters Any sign that Asia is favoring domestic-driven growth by letting exchange rates firm could hasten the unwinding of the U.S. current account deficit with potentially dire consequences for the dollar Al "the Shadow" Greenspan Gold-Eagle Inflation has Returned 321 (Aden) Investors in U.S. like quick gains Reuters Survey: “Today's investors, fueled by the boom markets of the late 1990s, are not content with achieving long-term growth. They want results now."' Credit card fees become cash cow USAT Doomed stocks to avoid at all costs MSN Citigroup 2nd-Qtr Net Falls 73% on Legal Expenses Bloomberg Nokia posts lower income, warns Reuters Harrah's Agrees to Buy Caesars for $5.2 Bln Reuters NY Times reduces ad revenue growth figures FT Boston Properties’ $5B Debt is Just Mort-ifying NYP United Skips Pension Payment; Unions Wary AP Riggs Bank Hid Assets Of Pinochet, Report Says WP Martha Stewart preps for prison, consultant in tow CS Monitor Expert’s Juicy Emails Complicate Martha Stewart Case NYP Lay Says He Was Clueless About Fraud AP Principles for the management and supervision of interest rate risk BIS Gold ad doesn't glitter SF Chronicle Gold bullions sell well at south China's Shenzhen market PD The unprocessed lumps of metal sold like hot cakes in the boomtown... Mega Bank Merger Won't Impact Japan's Gold Buying DJones Gold and currency reserves of Central Bank stubbornly grow R DotComGuy Goes Bust and Changes Name BizReport 70s Style Stagflation Is Possible in Asia Bloomberg Yukos Offers to Pay a Third of Its Tax Bill IHT (NYT) Default Is Becoming a Way of Life in Argentina Bloomberg Hedging is hot again in Asia IHT Bank of Canada Adviser Expects Rate Rise `Very Soon' Bloomberg NAB warning, investors pile out SMH Russia's richest among Forbes murder suspects Reuters Nymex Oil Rallies to Six-Week High as U.S. Crude Supplies Drop Bloomberg Saudi Arabia Ratifies a Fait Accompli PBear Wednesday July 14 Divided SEC Proposes More Oversight of Hedge Funds Bloomberg Intel Gloom Looms CNN Retail Sales: Larger-Than-Expected Fall Reuters Census Import Prices Decline Unexpectedly Reuters Mortgage Applications Fall Reuters MBAA $ Falls Against Euro as US Retail Sales Declined in June Bloomberg Market Technically Weak Comstock Hoisington Second Quarter Review and Outlook H PDF As the historical record indicates, the real rate may even need to fall below zero before the secular bull market in bonds is over. Sell now while stocks last Economist Stockmarkets look set to follow corporate profits down. Technology stocks are already showing the way Fed study: House-price growth to be slow AP PDF File The $600,000 Question CNN/Money How will rising interest rates affect housing prices? The frozen orange juice syndrome CBSM (Hulbert) Despite all the favorable tax treatment, dividends still appear to be less heavily utilized than they were during the go-go years of the late 1990s. Is Today a good day on Wall Street? CNN/Money July 14 scores the highest probability of the year -- better than 85 percent -- for a gain in the Standard & Poor's 500 index, based on more than 20 years of trading history. Bubble, Bubble, Spoils And Rubble SF Gate Why the current talk of a real estate bubble is virtually impossible to understand Lions and Tigers and Bears -- Oh, My! Elliott Wave Can she do something about the Wicked Witch again to prevent a liquidity crisis from rolling in from the East? Letting the Chips Fall Where they Must Corrigan Board Concerned Over Iraq Oil Production AP IEA: Yukos Case Threatens Output Moscow Times As Inflation Builds Gold Comes Back In Fashion Reuters Gold bullions sell well at Shenzhen market Xinhuanet I.M.F. Gold - The issues Involved SH Nanotech: Wall Street's latest love USAT CSFB Promotes Executives Hired by Mack to Help Reduce Defections BL Buffett invests in Lloyd's insurer consolidation FT Blame Sarbox for Earnings Woes, Too? CFO Global Accounting Outsourcing to Surpass $47 Billion by 2008 Accounting Web Pursuing best practice in bank turnarounds McKinsey Cabinet Office says recovery 'solid' for first time since 1997 Japan Times Ultraeasy monetary policy to stay despite steady growth Japan Times Banking on a Purge Moscow Times Climbing $A alarm for exporters The Age Korea: Downgrading GDP Morgan Stanley (Xie) Investigators to scrutinise Mayflower's audits Guardian Intel's Earnings Almost Double; Shares Slide as PMargins May Narrow Bloom Tuesday July 12 Trade Gap Narrowed to $46B in May After Exports Reached Record BL Census MER Misses ~ JNJ Beats ~ RHAT to Restates ~ INTC ~ STT ~ CBH ~ CTAS Factory Production Is Likely to Show A Decline in June NTrust Speculation on The Bulletin Board Cross Currents Yes, we’ve shown this picture before but it just keeps getting worse and worse. Ominous Clouds Emerging over Equities Markets HoweStreet Revisited Comparisons To Japan Financial Sense The Bear's Lair: The return of the rentier UPI Is this superpower headed for a bust? Workers World Is the slot machine, roulette-wheel fever that has gripped millions of investors coming to an end? Hedge Fundsâ€™ Dirty Secret NYP (Crudele)Â Quick & dirty primer BH Hedge funds unite against rules: `Sophisticated' investors don't need protection, industry says Boston Herald An Unusual Decade for Dividends Business Week Deficits, Interest Rates and the Fed CATO Foreclosure rates in Pa. at crisis level AP VA foreclosures plague city LC 3 More American seniors struggle with excess debt AP GE lobbies hard for U.S. tax break IHT (BL) General Electric may never have to pay taxes on as much as $21 billion earned outside the United States since 1999 if the U.S. Congress approves legislation now under consideration. Morgan Stanley Settles Sex-Discrimination Case for $54 Million TheStreet De Beers to Plead Guilty; Return to U.S. Reuters AmSouth's sales tactics draw fire in Mississippi USAT Lay's a Victim? Not a Chance Newsweek If Enron's indicted former CEO was as clueless as he claims to have been, he should return all the money he made for running the company Piper Jaffray fined over IPO spinning Reuters Newsday Ripped NYP Delta to take $1.65B in charges Reuters Many Cos Struggling To Set Up Internal Controls -Survey Dow Jones Domino's IPO prices at $14 per share, below targets ~ Google Selects NASD CME to list first ever Asian weather contracts later this month FT The global market for weather derivatives grew by 10 per cent to $4.6bn in the year to March The Economics of Water in the West Mises Capitalism is a danger to itself Guardian Australia's CBA Bearish On Gold, Says $400 Won't Hold DJ The Gold Sector Q Russia's Run on Deposits & Yukos: Ominous Signs for the Global Economy? SH Moscow: Banks Move to Calm Depositors ~ Foreign Lenders Bet Against Crisis Yen Drops on Speculation Bank of Japan Will Sell Its Currency Bloomberg Just Like Kudzu, Japan is Creeping Back into the News Elliott Wave China's fate may turn Asian shares volatile TheStandard In China, A Growing Taste for Chic WP But Fakes Also Vex Developing Market Canadian Bonds Fall as Business Survey Prompts Inflation Fear Bloomberg Warning: Irish people are up to their necks in debt Irish Examiner Daimler threatens 6,000 job cuts in Germany FT Hong Kong Execs Arrested in Stock Scam AP Monday July 11 Merrill Lynch downgrades entire global chip sector CNN/Money Odds of a crash are higher than you think MSN (Fleck) The Physics of Bounce Hussman Global: Payback Time Morgan Stanley (Roach) The Burden of Monetarism Wanniski The Fed Is to Blame Forbes (G. Shilling) “These are worrisome times that require equity investor caution” Bulls Losing Grip GoldSeek (Rostenko) A Recovery Trying to Keep Its Legs Suddenly Feels Woozy NYT Less than three years since the United States emerged from a recession, a patchwork of unexpectedly soft economic reports is raising doubts about the vigor of the recovery. Is the US Recovery Running Out of Steam? Arab News Keep an eye on it Economist After a buoyant start to the year, the dollar seems headed for a tumble Global: Imbalances, Take 2 Morgan S Different indexes paint different pictures CBSM (Hulbert) Earlier Release of Fed Minutes Would Help Market BL (Berry) The Lure of High-Risk Loans WP Home buyers gamble with adjustable mortgage rate loans Post-Crescent Gold Expected to Rise for a 2nd Straight Week, Survey BL Headed for $420 R Gasoline Prices Dip to $1.93/gallon Reuters No pleasant surprises in the new oil order Asia Times Democrats Push a Bill That Might Kill OPEC Reuters DeLay's Corporate Fundraising Investigated WP DeLay requested that the new donation come from "a combination of corporate and personal money from Enron's executives”... Hedge Funds Turn to Congress in Opposing SEC's Regulatory Plans Bloomberg Since September, regulators have identified more than 40 hedge funds that engaged in improper trading... Hedge Funds Try to stand out from the crowd FT A situation developing at Kmart is starting to stink out loud NYP (Byron) Morningstar prepares to go public Newsday Nokia's Mobile-Phone Sales, Profit Lag as Ollila Cuts Products BL Internet opens new avenue for penny stock fraud AP “When you receive this information -- no matter where it's coming from -- if it's a bull market, you may be more willing to listen to it” Lea Fastow starts serving sentence Today AP PBS ranks U.S. Global's precious minerals fund No. 1 ABJ Asia Pacific: Should Central Banks Fight Stagflation Now? Morgan S (Xie) Duma Expedites Deposit Bill, Bank Fears Ease Moscow Times Russia's banks run out of credit Guardian Shades of '90s instability return to Russia CS Monitor If this bubble bursts it will be the bears' turn to smile Guardian Let's not get sentimental over manufacturing Independent (King) S&P says China's banks are the most vulnerable Business Times Chinese auto makers in state of fear after 'black May' of falling sales AFP Japan's MOF Puts the Squeeze on Bond Traders BL (DeRosa) Japan's long winter over. But one small boom won't melt the snow on Mount Fuji Bond victims are abandoned and morally, it stinks This is Money Exclusive: Election Day Worries Newsweek Weekend Edition (July 10-11) That High-Tech Balloon Is Going Ssssssssss NYT (Morgenson) Beyond a President's Control NYT Will the Fed Have to Play Catch-Up? NYT US Blue Chip Poll Revised Lower Reuters Outside the Box PBear (Noland) Tactical Gold Trends Zeal Dollar Horror Maund ~ Chapman ~ Mayer Lots of glitter left in gold G&M (Ingram) A Most Savage Credit Crunch Richebacher How to Recognize a Housing Bubble Mauldin Is A Housing Bubble About To Burst? Business Week The most expensive homes in the Northeast Forbes The slope of hope CBSM (Hulbert) The past 10 trading sessions have provided a textbook illustration of how sentiment behaves during a bear market Learned Behavior, Lost Histories, and Salivation Elliott Wave The Benefits Trap Business Week Old-line companies have pledged a trillion dollars to retirees. Now they're struggling to compete with new rivals, and many can't pay the bill Why Capitalism is Inevitable Mises Hedge Funds Brace for New Rules Reuters CSFB's Chief Financial Officer Yastine to Leave as Dougan Shakes Up Staff BL Nasdaq closes Montreal office G&M MCI files suit against Ebbers for $400m FT UK's Brown urges IMF to revalue gold for debt relief Reuters Vneshtorgbank Buys 86% of Guta Bank Shares Mosnews Inflation Near Term Market Mover NTrust PDF Friday July 9 Why Rates Will Go Up Forbes (Grant) Bond yields move in generation-long swings. And the current swing is in the up direction. If history is a guide, it will last for 25 years or so. The next wave of airline bankruptcies MSN (Jubak) Jobless claims drop, but... CNN Report shows sharp drop in those filing for benefits, but seasonal factors distort results. Dollar Drops to 3-Month Low Versus Euro After Terror Warning Bloomberg Gold heads for $410/oz MineWebÂ Gold to $450 By Mid-August? Ackerman N.Y. Crude Oil Above $40 Bloomberg GE CEO: â€œThis is the best economy we've seen in years" Reuters Americaâ€™s Job-Quality Trap Morgan Stanley (Roach) Slowing Business Conditions: Temporary or Lasting? MS (Berner) Secular Bear Market Set to Resume Comstock Two scenarios for equities -- both bad Reuters The Perfect Real Estate Storm Gathers More Wind Realty Times Why Home Prices Are The Next Bubble EM The Housing Bubble Builds Fool “The faulty analysis” Sabat says, “by Federal Reserve economists McCarthy and Peach may go down in financial history as the greatest forecasting error since Irving Fisher...” Fewer can afford to buy home here Sign On SanDiego Mortgage rates at lowest levels since late April HC Better temper that optimism with a few facts CBSM Don't Read This If You Think For Yourself Elliott Wave Why does rubbish like this make it into print? Joe Six-Pack's Reality Check G-E Report warns on soaring US natural gas prices FT CERA Student loans, debt on the rise IndyStar Rates Fall, Bond Issues Arise CFO Bond investors ask midyear: When will pain end? USAT More investors use hedge funds Reuters NASD Shows Broker Bids on Bonds Can Be Funny Things Bloomberg Newmont restates 2002, 2003 and Q1 2004 cash flows, but no profit change CP Titanic Concerns Over Freddie Mac Forbes The concern is that if rates rise, Freddie could implode much like the Long Term Capital Management hedge fund Biggest leveraged buyout ending as a costly fizzle IHT (NYT) Yahoo: Great expectations Ingram At the Helm and Ignorant of Company Troubles NYT Lay: Cuffed but confident U Zing went the sting of pop culture for Enron USAT McDonald's hit with fat lawsuit CNN OMNI Discovers Unauthorized Listing on Berlin Stock Exchange; Company Believes Unauthorized Listing Could Permit 'Naked Short Selling' ESC Watchdog hits at US groups over options FT Many US companies are "gaming" the system of executive pay by granting stock options before the release of favourable earnings announcements Rigas: 2 Guilty Jury Out on 3rd NYP SEC battles online get-rich-quick scams AP Program Trading Averaged 58.0% during June 28-July 2 NYSE Seat Sale Buffett lunch fetches $202,100 Reuters Russia's Fiscal Crisis Explodes UPI Alfa Bank Depositors Withdraw $200 Million in 3 Days Amid Run BL Russian bank fears $700m client withdrawals FT Russian bank imposes withdrawal surcharge as jitters continue AFP Illarionov: Central Bank Fueled Crisis Moscow Times Moody’s reviews Russian banks for possible downgrade Russian Journal Russian papers mull banking problems RBC China's Industrial Production Growth Slowed to 16.2% Bloomberg China car sales slip after credit squeeze FT China's Slowing Economy May Threaten Global Growth Bloomberg Homes 'heading for the doldrums' This is Money Dotcom fund faces crunch vote This is London The future of one of the last surviving dotcom funds was hanging in the balance today Italy's Berlusconi Turns to Reaganomics Bloomberg Investors Give a Thumbs Down to Indian Budget Bloomberg Hynix fails to persuade bankers to reduce debt Bloomberg Lord Owen flies to Yukos defence Guardian Balkans trouble-shooter says oil group's fate could go either way Ridge Warns of Election Terror Plot AP Thursday July 8 Ruble Falls by Most in a Month as Moody's Weighs Downgrading ... BL Crude Oil Climbs Above $40 a Barrel on Concern About Disruptions in Supply BL Enron Ex-Chief Pleads Not Guilty to Fraud Reuters Martha Stewart retrial bid again denied CBSM Lay Surrenders Reuters Bush refuses to answer questions about “Kenny Boy” Yahoo Jobless Claims Rise Unexpectedly Reuters DOL Oil Heads Toward $40, Fuel Stocks Low R $ Near Multi-Month Low Vs Euro R Euro continues to boost support -- New York Bullion Update Bullion Desk A President Bush Economic Boom???? Faber Taking Stock NYP (Crudele) Roll up! Roll up! Corrigan Heading for a reckoning Supply Management The global economy has continued to expand through recent troubles, but much of the transatlantic growth is fuelled by loans and budget deficits. Sooner or later it'll be time to pay Bernie Schaeffer on the markets (June 14) Welling@Weeden PDF Boring, Yes, but Fixing Accounting Rules Is Vital for Budget Sanity AEI Inflation gobbles debt, but it's costly MyrtleB (LAT) Rise in family work hours leads many to struggle to balance work and family EPI Mortgage demand up 19.5% in a week BG MBAA Property Bubbles Bursting Bulletin The end of cheap money threatens local property bubbles from Seattle to Sydney The Myth of Shock-Free Monetary Policy Mises One Week Report Card For Federal Reserve Rate Increase Financial Sense Greenspan: By the Seat of His Pants Newsweek By Meyer's account, Greenspan and the Fed often fly by the seats of their pants. Despite a staff of 220 economists, armed with computer models, the Fed is regularly surprised. A Term at the Fed : An Insider's View Amazon Inflation Forces May Be Deflating Business Week Careful, quiet accumulation Russell Gold Futures Little Changed After Biggest Gain in 13 Months B Bid to restore gleam to gold market China Daily Russia's gold, forex reserves up almost 18% ~ Record High Analyst sees Iamgold stirring up bidding war CP Gold, silver will be the new MF investment Sify Three held on charge of trying to sell fake gold The Hindu The Mystery of Wall Street's Stubborn Fees Bloomberg (Lewis) Freddie Mac's Impending Fiasco Forbes GM offering $5,000 rebate AP Recalls increase affecting bottom line Mcall Ford also dangling cash back to trim bloated inventories View From Eight Mile Road Is Rows of Unsold Cars Bloomberg American Airlines survival in doubt --union leader Reuters Is this CEO worth $7 billion? Slate SEC commissioner lashes out at Donaldson FT The SEC votes to publish its hedge fund plans next Wednesday SEC probes hedge funds over "Pipe" deals - WSJ Reuters State cheers news of Lay SF Gate Time runs out for Kenny Boy CBSM Scandal scorecard News-D Thankfully for his friends in the White House, his trial is almost certainly to be held after the election. Lay to surrender, but insists charges are 'not justified' Reuters How Ken Lay's Charity Could Pay Off Business Week Snow: Lawsuits Restraining Economy Reuters CASF Announces Lawsuit Regarding NASD Rules Affecting Short Sellers BW HealthSouth: Lack of prison time in scandal draws fire AP Tougher OBS Scrutiny by Moody's CFO Trading matchmaker settles in investigation SS Intel sues Woodinville company Seattle PI Judge orders mediation in burger dispute AP Google sued by Planet Goo Reg Merrill workers punished DetFP NYSE Monthly Disciplinary Report NYSE Tech Companies Scaling Back Options CFO Ingram: Letter to a senator Globe & Mail Nervous Depositors Make Run on Banks Moscow Times After three bank closures in as many months -- each bigger than the last -- intervention and reassurance by the Central Bank was not enough to calm growing concerns that a full-fledged crisis was in the making. Alfa-Bank Claims It Fell Victim to Premeditated Attack Mos U.S. Investors Trust Russian Bank Crisis to Resolve Itself There Is No “Blacklist” of Problem Banks -- CB Chief MN Deadline Passes, YUKOS Waits for Bailiffs Reuters Moscow Raid Begins Action To Seize Assets of Yukos Oil WP LDP Is Japan's `Let Down the People' Party Bloomberg Lord George: property crash looks unlikely Scotsman PwC: House prices could slump 15% ThisisLondon No interest rate rise, but the currency traders say it's coming Sydney M Herald Cut in Italy's credit rating puts Berlusconi coalition at risk IHT China: Investors Shy of Mutual Funds Standard Zimbabwe's harvest 'insufficient' BBC Iraq to get new start with bond market USAT The Chicken Little market CNN/Money Investors are running for cover following some nasty warnings... Wal-Mart posts sales at low end of forecast CNN Retailers Blame Weather for Poor Sales Yahoo hit after meeting Q2 est. CBSM Yahoo!'s Long Casualty List TheStreet Siebel warns ~ Alcoa slumps CBSM BMC Tumbles on Warning TS PeopleSoft, Knight Warn on Earnings Profit Warnings Slam Software Sector F 'Sluggish' Barbie sales dog Mattel CBSM Wednesday July 7 New Enron indictment believed to target man at top: Ken Lay HChron Russian banks 'are not in crisis' BBC In a echo of the country's financial crisis of 1998, many are trying to withdraw as much of their cash as possible. Dollar Slides Broadly on Rate Outlook Reuters Gold Climbs Above $400 Kitco Back to the Garden Pimco (Gross) Debt Load Etherzone Forecasting Armageddon is a tricky business. Mankind’s indominatably optimistic spirit has a habit of postponing foggy days until the gloomster’s warnings and ultimate sanity is called into question. So Much for the Strong Economic Recovery Comstock Emerging markets, emerging risks Economist Investors are once again buying emerging-market debt. A perilous punt, if ever there was one. Investors Flee Emerging Market Funds TheStreet Bye-Bye, Bush Boom NYT (Krugman) Americans put away their wallets CS Monitor As economy generates fewer jobs than expected, consumer spending and confidence are down. Lagging Investment: The Cost of the Upside-Down Economy American Progress Although the economy appears to have found more solid ground in recent months, a number of problems still remain. Buffett attacks options bill CNN Fuzzy Math And Stock Options WP (Buffett) Too much of a good thing CBSM (Hulbert) True or false: The stock market performs better when corporate earnings are growing more quickly. ECB, Fed mulling ways to corral hedge funds: Bundesbank chief AFP The ‘Special Relationship’ Doesn’t Extend To Central Banking PBear Preview: Bubble Babble: Who's got it right? Inman ($) Democrats, the economy and taxes ~ Wall Street no fan of Edwards CNN The Use and Misuse of Credit Cards North Yahoo! search results: overvalued? CNN GM Adds Incentives to Spur Sales Reuters "We've been calling customers from last month, and we've been able to drop their payments by $30 (a month) or more" Microsoft planning $1 bln in annual cost cuts-WSJ Reuters Insider watch: Ellison Cashes In CBSM Iamgold Shareholders Reject Wheaton Deal G&M S.E.C. Inquiry to Encompass 401(k) Plans NYT (Morgenson) Adelphia jury still without verdict AP Wellman named in U.S. price-fixing investigation Reuters MCI, Ebbers settle 401(k) suit CBSM Wal-Mart Asks for Review of Ruling Reuters Good as Gold CATO AIER "It is not easy to be born again." H. David Willey, a retired official with the New York Fed, framed the central problem confronting advocates of a return to a gold standard: how to effect a rebirth of gold. There are no “effective” GATA or COT Conspiracies Krautkramer NYSE Program Trading reached a record 70.5% NYSE Guta-Bank Officially Joins Ranks of Crisis Banks MosNews Guta Bank Locks Out Its Depositors Moscow Times Banking Crisis Russian-Style Moscow Times The only thing saving Russia from a fully fledged banking crisis is the absence of a fully fledged banking system. Banks have nothing to invest in but dollar RosBusiness Flashback: Russian crisis shakes global markets (1998) WSWS Khodorkovsky offers his shares to save Yukos FT US concerned about YUKOS Gateway2 Pondering China’s Rates Through a Central Prism NYT When inflation is accelerating and the central bank warns that it will not stand idle, people in advanced economies start watching for a rise in interest rates. In China, this could mean padlocks and handcuffs. U.S. Slaps Dumping Duties on Asian Shrimp Reuters Vietnam Protests R China takes a sock in Alabama WT Chinese imports have people running scared in the self-proclaimed Sock Capital of the World. Hong Kong plans bond debut on global stage IHT (Bloomberg) Australian Central Bank Keeps Rate at 5.25% as Housing Market Cools BL House prices to 'continue climbing' Advertiser Italy's Debt Rating Cut by Standard & Poor's Amid Widening Budget Deficit BL Europe Reluctantly Deciding It Has Less Time for Time Off NYT Debt structure doubts in Latin America FT 1.5 Billion Finnish Marks Go Missing YLE Investors returned from their Independence Day vacations to be greeted by a bloodysell-off in technology stocks NY Post Tuesday July 6 Gold futures close nearly $6 lower CBSM Services Growth Slows, Job Picture Hazy Reuters ISM Russia's Guta Bank Suspends Operations AP GUTA-Bank suspends payments, closes some branches ITAR-TASS Wave of Companies Issue Earnings Warnings Reuters Stagflation, anyone? The slowdown has begun MSN (Fleck) All those bits of bad or mediocre economic and corporate news are not a coincidence. This isn't just a hitch in a recovery. Impatient With The Fed, Rates Are Dropping On Their Own NYP (Crudele) US rate rise is set to exceed wisdom on Wall Street Times Online The Bear's Lair: The Fiscal Crisis of 2005 UPI Global: Growth Risks Morgan Stanley (Roach) Alan Greenspan's rate rise: what does it mean for the US economy? Brookes Greenspan: Blowing Bubbles New Yorker Fed Is More Likely to Continue Moving Carefully Berry Stronger Earnings Are Likely. So What? Hussman U.S. Oil Breaks Above $39 on Supply Fears Reuters High-end condos turning over before construction completed AP Your Unreliable Friend: Variable Rates Wall Street Journal Trendy loans not a good fit for everyone Knight Ridder Blind-Pool Politics NYP (Byron) This IPO -- the see-through vehicle of two ambitious deal promoters from the junk bond world of Wall Street -- seeks to raise $200 million from retail investors on grand claims for a company that, functionally speaking, does not yet even exist Survey shows IPO level best since tech bubble Investors Now it's gold's turn CBSM (Hulbert) Gold industry on tenterhooks before ballots in 4-firm battle CP Echoes of the Wild West in gold bidding war FT Advice to gold investors: Don’t Get Over-Leveraged Embry PDF India's Gold Demand, Imports To Rise In 2004 Dow Jones China's gold consumption for jewelry ranks world's third P’sD Canada's Minco Has High Hopes For China Gold DJ Pay for independent directors soars FT U.S. wages losing ground Rocky MN Donaldson's Former Company Probed by SEC CFO This investigation may mark the first time the commission has probed the role played by its own chairman based on his former role as a corporate director. SEC Probing Telecoms' Accounting CFO Are some of the largest telephone and cable companies keeping former customers on their books? Rash of recalls dogs tech companies USAT Ballmer blames Y2K, dot-com bubble for IT spending pressure ITBusiness.ca Monetary and real shocks, the b-cycle and the value of the euro BIS PDF Apprentice Fukui and the prisoner of the Bank of Japan Japan Times Prepare for higher interest rates Japan Times Pension plans drowning in debt Asahi House prices force velvet revolution at Bank Inde (King) Willetts sees bleak future on pensions FT Economy running low on miracles The Australian CPY Warns About Possible HK Housing Bubble DJ Brazil's Stock Market Loses Foreign Investment as U.S. Interest Rates Rise BL Business confidence plunges in Korea IHT (Bloomberg) Australia: Businesses predict economic slowdown ABC UK Manufacturing in 'dramatic decline' Guardian Italy avoids EU deficit warning BBC CFO: Government Drove Yukos to Bankruptcy Mosnews Carve Up Looms MT US shareholders accuse Yukos, PWC of fraud Russia Journal Forex affair hits NAB share Australian LG Card seeks US$1.3b more aid from creditors BT Jarvis shares slump amid fears of collapse Independent China Power $500m IPO to be delayed FT It is understood that the initial public offering, originally scheduled for June or July, has been held up by regulators in China Fish eyes and pearls in China FT Funds provided minimal returns, with most sectors turning negative AP Weekend Edition (July 3-5) YUKOS in Loan Default, Shares Tumble Reuters Yukos Press Release Yukos Can you say high risk? Ingram On the brink of insolvency, some call Yukos a buy Iraq Oil Pipeline Hit, Exports Reeling Reuters Active Applause for Fahrenheit 9/11: Beginning of Bush Demise & Early Signs of Real Estate Crisis Sandspring Finance; Goodbye, Punchbowl Reuters 'The Fed's behind the curve' USAT Inflated expectations Economist Shopping 'Till the Stock Market Drops Reuters Russell On Dow, Gold & US Dollar Russell The Real Growth in Housing Mauldin Ebbs & Flows and Dollar Woes PBear (Noland) Gold Confiscation Hydra 1.1 Zeal As Bills Mount, Debts on Homes Rise for Elderly NYT Rate Hike Could Pop Housing Bubble NYP Kukla, Fran, and Alan North When Funds Have to Show Their Hand Morgenson Prosecutors set to charge Kenneth Lay FT Commentary: Earth To Silicon Valley: You've Lost This Battle Business Week United's Pensions on Increasingly Shaky Ground NYT Newmont exec sees gold in 'paradigm shift'-Barron's Reuters Brown set to break 'golden rule' on borrowing, say economists Times Online The Chinese Century NYT Japan Gets New Finance Chief in Charge of the Yen Bloomberg Blackwell family feud erupts over mounting losses at publishing firm Times Online Russian Police Raid Offices of Yukos NYT Creditors issue warning to Yukos F Friday July 2 Challenger: Fewer firms hiring in 2nd half 2004 Reuters US Economy Added 112K Jobs in June, Less Than Half Forecasted B BLS Futures Fall ~ Treasuries Surge ~ $ Tumbles ~ Gold Jump Up Enough Rope? Contrary Investor Economist warns of deflation in '05 Daily Record Bernie Schaeffer Says Don't Buy Now Barron’s Series of Rate Hikes? Maybe Not Comstock Can Consumers Cope with Higher Rates? Business Week Can Rising Rates Stimulate Housing? Fed Makes It Happen, for Now Norris Rates May Rise More Than You Expect TheStreet A Graphical Illustration Of Inflation G-E Who's "Fighting the Fed" Now? Elliott Wave Bubble Blower Daily Reckoning How to Manipulate the Stock Market with only $12 million per day FSense They did it again CBSM (Hulbert) Did many mutual fund managers break the law again Wednesday? It sure looks as though they did. Second-quarter IPOs most since 2000 Seattle Times Goldman settles IPO charges CBSM New SEC Squad To Target Bad Guys NYP Moneymakers: Five questions with Tom Ajamie Houston Chronicle Fighting for investors against financial powers United's Pensions on Increasingly Shaky Ground NYT SBC fights rush of spam SF Gate Sallie Mae and Bank One Are at Odds Reuters Martin Wolf Vs. the World Bank Globalist Crisis on the Inter-Bank Credit Market Gateway To Russia Last week, hysteria broke out among bankers, their clients, and banking analysts Maybe Japan's Bond Market Does Make Sense Bloomberg Japanese debt can't grow faster than gross domestic product for ”an unlimited time'' without a default. Yen Has Biggest Drop Against $ in Three Weeks as Japanese Stocks Fall BL Bank of China targets major investors IHT (Bloom) HK raises base rate to 2.75% Business Times Analysts voiced doubts, however, about whether Hong Kong commercial banks would match the rate increase. HBOS denies TMB closure sign of 'bubble' panic Scotsman Firms face crippling energy bills Times Online Colt crashes after warning tough telecoms trading could hit profits Times Online $20Bln Lines Up for Russian Debt Bonds Moscow Times Yukos account freeze threatens its oil output IHT (NYT) Bankruptcy Threat FT Morrison to Miss Profit Forecasts on Safeway Chain Bloomberg Mitsubishi ex-officers charged over defects TStar Europe's power struggle Economist Thursday July 1 Oil Rises for Second Day on Concern Over Supply Disruption Bloomberg GM's U.S. Sales Fall 15 Percent in June Reuters Ford Sales Fall... R FOMC debated wording at May 4 meeting CBSM Minutes Cardinal Health Drops as Outlook Trimmed Reuters Goldman Settles SEC Charges for $2 Mln Reuters ISM Gauge Declines to 61.1, Holding Close to 20-Year High ISM Construction Spending Up 0.3% in May to $988.5 Billion Bloom JClaims Unexpectedly Climbed by 1K to 351K Last Week Bloom 25 Basis Points Down, How Many More? PBear Fed’s Effect on Inflation Sensitive Assets Pimco (McCulley) Banks boost prime following Fed hike CBSM How soon will it hurt, Dr. Greenspan? Bankrate What a Rate Increase Can't Hide NYT As Greenspan Chases Inflation, Critics Shout, 'Faster!' Morgenson Waiting for the first rate-hike blow-up CBSM Berry on Fed Bloom Commentary: With everyone so confident, it's inevitable Between Scylla and Charybdis CBSM (Kellner) Commentary: Rate hike brings a new set of problems Fed's Greenspan Still Doing Backbends at Age 78 Baum The only way is up for interest rates and inflation Times Online Rate hike may jolt home values ~ Boston Globe ~ Is Alan Greenspan a Money Launderer? InsightMag Rapid increase in foreign liabilities threatens U.S. recovery EPI Why Can’t Congress Stop Spending? Paul Watch for hands in the government cookie jar TheStreet If your favorite company does lots of business with the government, it's time to worry. Donaldson defends hedge fund oversight FT Investors warn US over options battle FT JP Morgan chief sued over '$7bn premium' Times Online The Enron You've Never Heard Of Smart Money Microsoft Puts Google In Its Sites Reuters Japan's Tankan Business Confidence Index Rises to 22 Bloom Nikkei Rises Why Debt Could Drag Japan Back Down Business Week As interest rates climb, Tokyo's staggering obligations may bring on a full-scale fiscal crisis ECB Leaves Rates Unchanged Reuters Inside the Bank of England Business Week The venerable central bank has led England to unprecedented prosperity. Now it's trying to contain a housing bubble. Will it succeed? £80m pension deficit at financial watchdog Guardian Second downgrade reveals further £12bn pension shortfall Guardian Canada: Growth Falls Short G&M Balance Sheet Recession: Japan’s Struggle With Unchartered Economics and Its Global Implications Business-In-Asia Greenspan gambles on low inflation BBC ”If Mr Greenspan manages to snuff out incipient inflation without halting growth, his place of honour will be secure”