Weekend Edition (July 30-July 31)
The Week Ahead: A Long Hot Summer CIBC
The Fallacy of International Comparisons Roach
A Chinese/Asian Currency Zone? Wanniski
India - The Next Big Player Mauldin
Just the Facts II Noland
Madness on main street Observer
Booming real estate prices cloud the view from the top FT (NYT)
At arm's length, nine signs of a bubble AXcess
Yellen ponders real estate slump CBSM
The luxury home market is booming CNN
IMF warns high oil prices could hurt US economy AFP  PDF
Senate Panel OKs Fannie, Freddie Bill CFO
A Consuming Folly Mises
The Social Security Sting! One of the Great Scams! Howe
Counterparty Risks under the Lens CFO
The war of the wires Economist
Wal-Mart sees July same-store sales up Reuters
Home Depot Gets Subpoena TheStreet
Altera CFO Apologizes to Equity Analyst CFO
Wendy's Int'l to Spin Off Tim Hortons AP
Ballmer talks up Microsoft stock IHT (NYT)
SEC Investigates Indiana Brokerage AP
A Golden Solution To The China Syndrome? Forbes
With Interest: 'China model' is tough to copy IHT
No more China on the cheap Jubak
Asia Pacific: How Long Can the Liquidity Rally Last? Xie
Consumer borrowing grows at slowest rate for four years Times Online
Foreign banks under fire in Parmalat case IHT

Friday July 29
Economic Expansion Surpasses 3% for the Ninth Straight Quarter BL BEA
Treasuries in U.S. Decline After Report That Economy Expanded 3.4 Percent BL
Crude Oil, Gasoline Prices Jump After Explosion at BP's Biggest Refinery BL
A High-Risk Market Comstock
Bear Market Rally Shilling
Treasuries rally, yield curve flattest in 4-1/2 yrs Reuters
Signs of Distress in the Effervescent Housing Market? NT
Getting a Mortgage Becomes Ever Easier WSJ
Broker Offers Tips on Speculating in Real Estate ABC
In-Home ATM Provides Fast Cash Wall St. Examiner
Card costs: Are you getting slammed? CNN
Senate Panel Passes Bill On Fannie, Freddie WP
Silicon Valley's Risky Complacency Business Week
Silicon Insider: Faking It, CEO Style ABC
Morgan Stanley Will Eliminate About 1,000 Jobs From Retail Brokerage Unit BL
Slow Summer for La-Z-Boy TheStreet
Interpol-Sought financier finds quiet life in Jersey NYP
Senate Banking Committee Endorses Cox CFO
Regulation-- A lesson for chief-to-be Norris
The great Chinese currency shift that wasn't Berry
Senators urge China to further boost yuan AFP
WTO chief warns trading nations to bridge differences by October AFP
China, India Get Mired in Verbal Quicksand BL
German Retail Sales Unexpectedly Drop on Higher Oil Costs, Unemployment BL
Berlusconi: Euro 'screwed everyone' Independent
Currencies: Berlusconi jibe fails to dampen the euro IHT (BL)
Guessing game starts in Italy over banker IHT
House price growth at new low Guardian
Real estate 'bubble warning' for Vancouver, Victoria CBC
Shell's woes mount as it admits cost overruns and delays Times Online
CNOOC Nixes Report of Dumping Unocal Bid AP

S&P, Nasdaq Climb to Four-Year Highs AP

Thursday July 28
Oil tops $60 market digests data CBSM
Greenspan Sticks to Safe Investments AP
Jobless claims up, but below estimates Reuters
"They’re" Winning Pimco (Gross)
Job cuts signalling economic peak? Globe & Mail
“We may have reached the tipping point for this period of lacklustre economic expansion” ~ John Challenger
U.S. Equities: Insiders Are Unloading BCA Research
It's a scary new world Mogambo Guru
Can Americans Compete? Fortune
The core rate of frustration KC Star
No matter what the government says, de facto inflation is gnawing at consumers
Mortgage Lenders Loosen Standards WSJ
Mortgage lenders are continuing to loosen their standards, despite growing fears that relaxed lending practices could increase risks for borrowers and lenders in overheated housing markets.
Trapped in the Bubble NYT
Fears of US property bust revive on record new-home sales AFP
Survey: Growing risk in South Bay housing market Mecury News
Doomsday: The Final Months of the ‘Housing Bubble’ DV
The Allure of Cold-Hard Cash Schaeffers
Jim Rogers: Hot on Commodities Investmest U
After Greenspan, who's next for the most difficult job in the world? Guardian
Bush Plan to Curb Tech Exports to China Threatens Intel, Boeing BL
Central American Free Trade Agreement Approved by House by Two Votes BL
Can we starve the beast? Bartlett
Gateway delays earnings report CBSM
GM finance arm warns it could cut lending FT Car lenders' heyday ending DFP
Sony Slashes Forecast as TV Prices Drop, PlayStation Costs Climb BL
Hitachi Reports $214 Million 1Q Loss AP
Countrywide Profit Drops as It Retains More Loans LAT
Delta memo fans bankruptcy fears BBC
Wal-Mart Sues Former Top Executive AP
Sunoco to Pay $3.6 Million Over 2000 Spill AP
Microsoft Releases 'Vista' Beta TheStreet
What's Wrong With Payola? Slate
Heavy metal Economist
Copper hit an all-time high this week, after China announced plans to revalue the yuan. Why?
Searing heat strains U.S. power grid Reuters
Money: The last Laffer World Magazine
Ron Paul`s Great Question Wanniski
Don't Start a Trade War With China Paul
Senate sets SEC vote, Cox foes seek delay Reuters
The Coming Trade War -- Part 4 Asia Times
Scarcity economics and overcapacity
Central bank said cooling yuan down Reuters  A yuan yawn LA Times
Will "Hot Money" Chase the Yuan? BWeek  Whats Ahead ~
Traders decrease yuan bets Standard
Gov't to bail out poor financial institutions China Daily
De-Pegging Ringgit May Uncork Malaysian Boom Pesek
Mexico, Brazil Cut 05 Growth Forecasts Amid Higher Rates, U.S. Slowdown BL
BOJ keeps ultra-loose money policy Japan Times
Increase in repossessed homes hits 13-year high Times Online
Hawk warns on slowdown as repossessions hit 13-year high Inde
Hedge fund launches soar to record Times Online
'Payout culture'a myth, says TUC report FT
Chinese Firms: Taking a Gamble on Finding Customers Abroad Wharton
China launches campaign to counter critics in US FT
Central government calls for redressing financial malfeasance People’s Daily
10.6 bln yuan misused in Guangdong Shenzhen Daily
Japan to impose first-ever retaliatory sanctions against US AFP
Unions in fury over Time's collapse Independent
Employees vent anger at O2 annual meeting Guardian
Former Telstra director fined, banned for insider trading AFP
Italian bankers caught on tape Guardian
In a statement, the Bank of Italy said it had "acted correctly".
Germany ponders extent of corruption as heads roll FT
Court cancels debt that grew from £6,000 to £380,000 Guardian

Wednesday July 27
U.S. economy gaining strength CBSM FED
Oil Nears $59 a Barrel on Supply Report AP EIA
Another new home sale record in June CBSM
U.S. June Durable Goods Orders Unexpectedly Increase 1.4% BL Census
Mortgage applications down Reuters
A Snowball in the Making: China's Basket of Currencies Merk
Greenspan Not Easily Led by Leading Indicators Baum
Greenspan Hints at Risk-Free Trade in Treasuries Gilbert
What FOMC Immunity? Bugos
Financial Insiders: Abandon Ship, Abandon Ship! BCA Research
Merrill cuts Citigroup, Bank of America to neutral CBSM
Speed bump Kellner
A funny thing happened on the way to solid economic growth over the next few quarters: a sudden spurt in layoffs.
Dollar May Gain as Gap in Bond Yields Approaches Five-Year High BL
“The markets overreacted to the Chinese revaluation”
Gossipy Guide to `Mass Hysteria' Over Manhattan Real Estate BL
As home prices rise, so does buyer risk USAT
Should you cash out while you can? Money Magazine
As home prices soar, you're nuts not to ask.
Power companies warm up to summer heat Reuters
Cost of electricity rising like summer heat CS Monitor
Beach Balls Schaeffers
Bumper year for leveraged loans FT
Bankruptcy filings rise as change in laws nears USAT
Next generation learning our bad spending habits HChron
California Fashion Includes Refinancing, Bankruptcy BL
California Leavin' Forbes
Amazon.com 2Q Net Profit Falls AP
Boeing Profit Dips, 2005 Outlook Raised AP MSO - K
GMAC will sell up to $55 billion in auto loans AP
Airlines Face Bleak Horizon TheStreet
U.S. to give a 2nd look to Cnooc's bid BL
Lexmark Cutting 275 Jobs TheStreet
An Analyst Receives a Time Out From Altera NYT
Toyota, Moving Northward Krugman
Krispy Kreme must supply all stores, even troubled ones AP
GM to end its employee-discount program MSNBC
Former Qwest Exec Settles SEC Allegations AP
SEC Sues Two on Merix Trading TheStreet
FBI investigates death threat in battle to block NYSE merger Times Online
Cox Pledges Support for Options Rule CFO
How To Invest Like a Supreme Court Justice Slate
White House To Withhold Nominee's Tax Returns AP
Is There an Extra Ingredient in Nonstick Pans? NYT
An Empirical Evaluation of Structural Credit Risk Models BIS
How Scary Is the Deficit? Setser
Our Money, Our Debt, Our Problem
Never mind the price, gold still dazzles Asia Reuters
China: What Can 2% Do? Xie
BOJ Keeps Reserve Target, Holds Rates at Almost Zero
Hangzhou property market 'cooling down' China Daily
Rates must fall, insists CBI despite upturn at factories Independent
Trade deal in Congress troubled by globalization doubts CS Monitor
UK's top computer firm lays off staff and closes stores Guardian
Brazil's Lula Shuns Tainted Friends to Bolster Election Hopes BL
Monthly FX Outlook CIBC PDF
Malaysian Peg Change to Boost Economy, Moody's Says BL
Thai Baht Falls After Trade Deficit Widens to the Highest in Nine Years BL
Strong Dollar Drives More Cash Overseas Moscow Times
Asia Central Banks Start Bond Funds to Lure Investors BL
Great black north is an oil power Ottawa Citizen
China, unlike the U.S., grasps Canada's growing influence as an oil-exporting nation
Credit card default penalties too harsh, says watchdog Guardian
Loan shark who charged 8,000% is sent to jail Guardian
All insurers told to probe payouts Japan Times
Honda workers in India in violent clash with police Japan Times
Poll: Most believe U.S. won't win war USAT

Tuesday July 26
Auto Sales Expected to Hit Four-Year High AP
Consumer Confidence Dips on Job Worries AP Conference Board
If there is ever a run on the dollar, blame Greenspan - not Beijing Brookes
Greenspan Has Spoken, China Is Revaluing And I'm Reevaluating Kasriel
Can the Fed Achieve a Goldilocks Tightening? Makin
Greenspan Era's Few Downturns Fuel Spending Spree BL
Mr.Greenspan, care to reconsider? Inside Wall St.
Homeowners afraid housing bubble will burst News-Sentinel
Home Builder 'Babies' / San Diego / Yuan   Russell
Bubble's fallout? Two views DiMartino
Keeping an eye on the bubble St. Petersburg Times
Are bubbles only seen in retrospect? Hulbert
US urged to issue 30-year paper FT BMA
Moody's finds link between high pay and credit risk Dow Jones
Fidelity Says SEC Staff May Recommend Civil Action in Gift Investigation BL
Wells Notices for RenaissanceRe Execs CFO
Sony agrees to $10M 'payola' settlement AP
The Bush Family Connection To CNOOC’s Bid For Unocal Crudele (R)
Hedge Fund Probe Ensnares SEC Big NYP
2 Connected to Reinsurer May Face U.S. Action NYT
TI net rises 42%; sales flat - IP Profit Falls - DD
Wal-Mart's China Card Business Week
The Golden Constant Saville
China CB Says Yuan Rate Won't Be Changed in `Foreseeable Future' BL
Mainland property cools as curbs bite Standard
U.S. firms join China mall surge IHT (NYT)
Is the Euro Forever? Mises
The Economic Framework for Flourishing Pensions Smithers
Pensions savers to pour £10bn into house markets Times Online
Hubble bubble trouble over in Iran IranMania
Conspiracy theories swirl around Danone's phantom takeover threat AFP
Ex-Shell chief seeks to clear his name Guardian
Commerzbank linked to Russia money-laundering inquiry IHT
Depositor Seeks Lost Savings in Strasbourg Moscow Times

Monday July 25
China's Rebalancing Tactic Roach
HBoom Shows No Sign of Peak - Home Resales, Prices Hit Record BL NAR
Roadblocks May Stall Wall Street Rally AP Earnings Season Continues WSJ
China Revalues Hussman
Countdown to a Meltdown Atlantic Monthly
Running On Empty? Yeald
U.S. Borrowing Costs May Increase to Highest in Four-Year at Debt Auction BL
Buy the VIX index for renewed volatility! Faber
Happy 81st birthday, Richard Russell! Brimelow
Will China's float sink the housing bubble? MSN (Fleck)
First-time buyers' wild ride CBSM
Homebuilders Are About to BARF Safe Haven
Untangling pensions CS Monitor
Waging war on payday lenders Det FP
Maytag Hesitant to Open Books to Whirlpool AP
Shareholder Presses Unocal Board on Bid AP
Next version of Windows named 'Vista' AP
Gas Prices Drop Slightly After Record High AP
China: Hedge Funds May Delay Yuan's Full Convertibility BL
China won't make its currency fully convertible for at least five years because it worries hedge funds may force the yuan to plunge
With Yuan Move, China Shows It's Got Game Pesek
Who's Afraid of China Inc.? NYT
How China Influences U.S. Rates WSJ
Beijing's currency gesture fails to defuse threat of US protectionism King
China: Fooling the world? Fosters
China tightens grip on the global purse strings Guardian
Soaring forex reserve a challenge Xinhuanet
Bank of England Rate Split to Dominate 100th Vote Gilbert
Economic slowdown 'could lead to £18 billion shortfall' Times Online
Workers 'do not believe pensions warnings' Times Online
Not for sale in housing bubble Australian
Tax scam probe widens to 500 Australian
Olive oil prices set to soar as drought hits crops Times Online

Treasuries May Fall as China Fuels Inflation Concern BL

Weekend Edition (July 23-24)
Those Clever Chinese Mauldin
Just the Facts Noland
Trading Gold Volatility Zeal
The Pension Crisis is Upon Us Chapman
The Week Ahead: China and Treasuries CIBC PDF
China's freer yuan brings risk of speculators NYT
Stronger yuan won't cure US trade gap Reuters
Beijing's 'Thursday surprise' Asia Times
Unpegged yuan to impact firms Japan Times
Surfing the Tsunami Safe Haven
Silver Is Money : Behold A Pale Horse - Part Four - A   Gnazzo
Whirlpool lifts Maytag bid   Reuters
EU Wins Renewed Attack on US Tax Breaks for Companies at WTO BL
Industry sinks back into recession Guardian
Pressure on Bank of England with growth rate worst in 12 years
China's oldest carmaker buys MG Rover for £60 million TO
UBS case: SAT chief quits Sify
Egyptian resort town blasts kill scores CNN

Revaluation could be the pin that finally pricks America's bubble economy AJC

Friday July 22
High expectations weighs on Google; $400 target slapped CBSM
No Bottlenecks without a Bottle Roach  The Rise to Ruin Faber
Whither the Yuan? WSJ
The beginning of the end for Bretton Woods 2?
Beijing policy a dollar short NYT
A double-edged sword for China FT
How far will it go? Econ Making sense of China's choice FT
Chinese Revaluation - A Long March CIBC PDF
Who Says No One Rings a Bell? EP
China to the rescue? Kellner  History of RMB Wikipedia
Stop Partying John Snow -- GDP Forced China Pesek
China Revalues; Trade Gap Still a Basket Case Baum
China's Currency Change May Ultimately Mean Little WP
Tony Fratto, a U.S. Treasury spokesman, said the department's understanding of the new system was that the yuan would be allowed to rise by the maximum amount day after day...
Greenspan's Real Concerns Comstock
Greenspan Points to Dangers of a Volatility Trap Currier
Risk-taking for workers-- A new day Norris
The Alan Greenspan era, which is drawing to an end, deserves to be remembered as the era in which many millions of Americans were forced to become gamblers.
Fed looked to still more rate increases, June minutes show AP Minutes
Interest rates are headed higher in the long term Kitco
The Prick That Bursts The Housing Bubble Forbes
Assessing the Demand for Residential Real Estate PBear
U.S. home market is hot, but Europe's sizzles USAT
Closing-cost maze spawns document-review services CBSM
Workers today near retirement more vulnerable and with lower pensions EPI
Insuring America's Workers in a New Era of Offshoring Brookings
Thoughts on Volatility Schaeffers
Funds take in $1.5 billion in week CBSM
Fitch adds voice to concerns over hedge fund risk IHT
Warren Buffett goes RV'ing as Berkshire buys Forest River AP
Ford may cut 30% of North Amer. salaried jobs: WSJ CBSM
Kimberly-Clark to Eliminate as Many as 6,000 Jobs, 10 Percent of Workforce   BL
ACE Restates over Finite-Risk Accounting CFO
Vioxx lawsuits snowballed in 2Q CNN
Scrushy asks court to throw out SEC suit AP
Two indicted in alleged mortgage fraud Rocky MN
As prices climb, more drivers flee pumps without paying CS Monitor
FAS 123R Reining in Tech Options CFO
Asian Currencies Surge, Led by Taiwan Dollar, Won BL
Yen Falls on Speculation Japan to Sell Currency BL
China's Yuan Decision Is `Just Beginning,' Tanigaki Says BL
Malaysian Ringgit Rises on Peg Removal, First Gain in 7 Years
Malaysia currency stands ground after peg scrapped Reuters
The Yuan: A Baby -- but Key -- Step BW What Happens Next?
Sens Schumer, Graham Suspend Vote On China Tariff Bill DJ
Chinese initiative unlikely to satisfy US protectionists Inde
China's move may offer small relief for US's deficit blues TO
Oil Rises on Speculation Yuan Revaluation to Boost Demand BL
China's Demand for Oil, Copper May Rise as Yuan Gains BL
Revaluation planned far in advance Times Online
China Inc. reels, rejoices, recoils over yuan move Reuters
China: Booming Inner Mongolia Xie
Surprise retail sales rise gives Bank rates dilemma Times Online
US Congress to consider blocking CNOOC bid for Unocal AFP
The French are in a tizzy over rumours of an American bid for Danone Economist
US jury orders French firm to pay 700 mln dlrs, but decision in doubt AFP
Zim defiant over loan conditions Mail & Guardian
Iraqi refugees spur housing boom CS Monitor
Money 'keeps unhappy couples together' Guardian

Thursday July 21
GOOG net rises more than fourfold, shares slump ~  MSFT’s outlook lags
What Greenspan didn't know CNN
Greenspan says yuan step a 'good start' Reuters
Philli Fed Reports Modest Increase in Activity PFed
The U.S. Leading Index Increases Sharply Conference Board
China Allows Yuan to Strengthen Against Dollar BL
Yen Soars After China Lets Currency Fluctuate BL
Treasuries Drop After China Allows Currency to Strengthen Against Dollar BL
Dollar decline against yen translates into drop vs. Europe CBSM
London rocked by apparent attacks CBSM
Initial Jobless Claims Fell 34,000 to 303,000 Last Week BL
Choice of Poisons Mogambo Guru
Another tech-stocks bubble? Buttonwood
Internet firms are all the rage again. Another triumph of hope over experience?
There's no bubble; it's a dream economy Burns
Direct investing in oil and gas, real estate back in limelight CBSM
Limited partnerships are back, with some of the same warnings from the '80s
Deflation is NOT a Pure Monetary Phenomenon M2
Greenspan points to “significant uncertainties” in US economy WSWS
Mortgage Salesman Pitches Fast Loans WSJ
Area rental prices ignore housing bubble SF Chronicle
Top title insurers settle with California regulator MarketWatch
Ohio moving to block land seizures AP
Two airlines back in the black AP Continental's profit could be fleeting HChron
Citigroup files $300M shelf Reuters Weill proves you can take it with you CBSM
Honeywell to cut 2,000 jobs in aerospace division AP
Nokia plunges on outlook Reuters
Ericsson Profit Rises 18% ~
Microsoft Will Swallow RSS PC Magazine
Photo companies struggle to keep up with digital revolution Seattle PI
School Spending To Cool NYP
Grasso - Fighting Words NYP
Scrushy forced to turn over $17 million NYP
Berkowitz to Head Enron Task Force CFO
Enron jurors acquit on some charges, deadlock on others AP
Real estate broker accused of equity skimming Arizona Republic
SEC Probes Fidelity Ties To Front Running NYP
Brokers: Employers encouraged lavish parties to woo Fidelity's business BG
Gold: The Long And Short Of It Forbes
End of the US-China honeymoon Asia Times
Chinese set back in efforts to buy into U.S. IHT (NYT)
Chinese Oil Firm to Stick With Unocal Bid AP
Cnooc May Drop Unocal, Seek Marathon, Amerada, Murphyl BL
Joined at the Hip Friedman
Start Expecting Less From China AIR
China's GDP Report to Boost Yuan Speculation BL
Is A Renminbi Revaluation Imminent? BCA Research
IMF says China technically ready for yuan move Reuters
China to Allow Stock Options as Employee Incentives BL
Mills fight iron ore prices Standard Demand Slows, but the Mills Keep Churning
A new bubble for Asia, but less cause for alarm Reuters
City banks on interest rate cut after close MPC vote Times Online
'Golden rule' is saved by sleight of calendar Times Online
Corruption 'skyrockets' in Russia BBC
Contemporary Indian art gains stature on a global canvas CS Monitor
Many pieces go for $50,000 to $70,000, and are thought to be a reliable investment.
WTO probes EU-US air trade battle BBC
US, Canada end lumber talks without resolution AFP
Singapore Min: Government To Step In If Property Rises Excessively DJ
Shell failed to disclose spiralling costs in merger prospectus Times Online
Mugabe to beg China for rescue Inde (Zim)
Just what are credit derivatives? Rediff

Wednesday July 20
Greenspan sees good times ahead CBSM Testimony
Stock futures fall further on GM loss AP Mortgage applications rise MBA
Is The Fed Bent On Inducing A 2006 Recession? Kasriel
Greenspan May Remain Chairman a Little Longer Berry
US housing bubble expected to spread FT
Funds expect US rates to reach 4% FT
Who Suffers From Inflation? Gross
It's not you. It's rich people
The Inflation/Deflation Debate Continues Taylor
Debt, Delusion, Deception Daily Reckoning
Chevron Raises Unocal Offer to $17.1 Billion in Contest With China's Cnooc BL
Unocal backs sweetened $17 bln Chevron bid WP
Maytag Says China's Haier Drops Out of Bidding Contest, Leaving Whirlpool BL
JPMorgan Chase Profit Is Smallest in Four Quarters Amid a Drop in Trading BL
GM Reports $286 Million Loss as Surging Costs Erase Benefit of Sales Gain BL
Kodak Posts Second-Quarter Loss, to Cut an Additional 7,500 to 10,000 Jobs BL
PNC to cut 3,000 jobs, save $300 million PPG
DuPont sued for $5bn over Teflon cancer claims Times Online
Microsoft sues Google over search expert's defection Guardian
Sun Communities Receives Wells Notice CFO
CIBC to settle mutual-fund trading charges-WSJ Globe & Mail
Money Doesn't Buy Happiness -- But Nothing Does BL