Tuesday July 31.
U.S. stocks plunge into close on fresh credit worries MW
Oil Settles Above $78, Setting Record AP
Fed will act on market slide if warranted--Poole Reuters
Bernanke's disclosure shows he's a millionaire, but no-frills investments AP
WSJ: Murdoch Has Votes to Get Dow Jones AP
Worried? Friday’s Employment Numbers Are Key Crudele
AHM Shares Plunge Yahoo
PR “the Company at present is unable to borrow...”
Consumer Confidence Index Climbs to a Six-Year High Conference Board
Gentle Ben faces first crisis as Fed chief Kellner
Commentary: Markets expecting continuation of the 'Greenspan put'
SEC examining sovereign wealth funds, Cox says MW
Chicago-Area Business Activity Falls More Than Forecast BL
Home Prices Fall 2.8%, Most in Six Years, Case-Shiller Says BL S&P
Personal Spending Rises 0.1%; Core Prices Gain 0.1% BL BEA -  ECI
Midsummer Market Meltdown: Is the End Near? Baker
Liquidity is a coward; when you need her most she runs away and hides! Saut P
A look at global developments CSFB PDF
The recent sharp sell-off in world wealth has left what looks like the early stages of a quite sinister technical picture in place.
IMF chief warns of globalization risks Reuters
No Worry about Consumer Spending? Kasriel  PDF
More Job Lies Coming? Winter
All that glisters State Street PDF
Rubin Should Teach Paulson Secret PPT Handshake Baum
Paulson pledges "Chinese decision" on currency Xinhua
Paulson told China is poor, poses no threat Reuters
Wu: “Who could we threaten? We don't have the ability. China does not and will never threaten anyone."
Paulson: US should boost debt limit - Shaky time for Bush aides
Are We at The Peak of a Minsky Credit Cycle? Roubini
Bear, Lehman, Merrill, Goldman Traded as Junk, Credit-Default Swaps Show B  Corporate Bond Risk Drops By Record, Halting Three-Day Rout - FTA
What Caused the Liquidity Crunch? Mises  The Credit Crunch Explained
Repricing Risk: Phase II Berner
Time to Sell Stocks? Kiplinger
You decide: which of 20 triggers will end 'aging bull' Farrell
IMM positioning: Sentiment less JPY bearish Danske PDF
On the Minskyan Business Cycle Levy PDF
Paradox plays a part in a modern fable of economics FT
The Fear Factor Paul
Cramer: Underwater on your house? Walk away Housing Doom (Video)
Subprime woes hit credit markets FT
Other funds face losses: Absolute Australian
Joubert warned that there were managers of other funds who were not admitting their losses from the US sub-prime mortgage crisis to investors.
MGIC, Radian May Write Off $1 Billion Joint Venture BL
C-Bass Subprime Venture in Talks With Investors to Ensure Funds BL
Mortgage insurers MGIC Investment Corp. and Radian Group Inc. yesterday said their C-Bass joint venture may be worthless
Subprime - where are the winners? FT Alphaville
U.S. foreclosures jump, trending higher-RealtyTrac Reuters
RealtyTrac Accused of Plumping Foreclosure Numbers for News Media and Congress eFinance
Tangle of loans feeds foreclosure crisis Boston Globe
Developers Accused of Stealing Millions in a Mortgage Fraud AP
Immigrants' homebuying dreams lift slumping market AP
NYT: “After a weekend of marathon meetings with a small team from Citadel, the fund opted to sell the portfolio at a significant discount.”  Sowood Letter - PDF
Sowood Funds Lose More Than 50% as Bets Plunge BL
The firm didn't own subprime loans made to borrowers with poor credit histories or mortgage-backed securities...
Massive Bets On Idiots Mish
General Motors Has $891 Million Profit on GMAC, Lower Plant-Closing Costs BL
Johnson & Johnson to Cut Up to 4 Percent of Workforce to Save $1.6 Billion BL
Mitsubishi UFJ, Mizuho Profits Tumble as Credit Costs Increase BL
Peltz Readies Bid for Wendy's TheStreet
Market jitters cast doubt over Virgin Media sale Times Online
Health Management Associates net down 85%, cuts outlook MW
ValueClick Shares Crash NYP
Greenspan group presses case to buy Dow Jones stake Reuters
Five Years Under the Thumb CFO
Corporate America is learning how to live with the tough regulations introduced after the collapse of Enron.
Last two prison-bound Enron execs to surrender HChron
Ex-Exec Gets Five Years for Embezzlement CFO
Why gold didn't profit more from the stock market's difficulties Hulbert
Oil inches near record high Reuters
Morgan Stanley plans to increase commodities trading BL
UBS launches new long/short commodity product Reuters
Shell applies to build $27B oilsands plant FP
Marathon to buy Western Oil Sands FP
The hidden costs of biofuels production Asia Sentinel
Buying shotgun shells will put a bigger hole in your wallet American-Statesman
Asian markets end mostly higher - Shanghai sets yet another record MW
Japan's Wages Decline for Seventh Month, Household Spending Slows BL
Japanese Inflation: Not Supporting BoJ's Case To Hike BCA Research
Credit crunch 'threatens growth' Telegraph
UK Consumers Scrimp on Beer, Shoes as Higher Rates Spark Mortgage Crunch
The calm before the storm - Administrations down by 15% Deloitte
Emerging markets a bright spot in credit chaos Asia Times
Money flows from stocks to property China Daily
Singapore's red hot property FT
Central Bank of India prices IPO at top Finance Asia
India Raises Banks' Reserve Limit to Curb Inflation BL
Australian credit surge adds to case for rate-hike MW
Russian oil billionaire resigns after 'persecution' AFP
Consumer fightback hits banks with £1bn bill Times Online
International Views (Summer 2007) Scotia PDF
US Pressures Germany to Cut Iran Business Ties Spiegel
IMF says Zimbabwe inflation could hit 100,000 pct Reuters

Monday July 30.
Citadel Takes Over Sowood Capital's Credit Holdings BL
Stocks Rebound as Brokers Advise Buying After Sell-Off; KB Home Rises BL
Pimco's Gross, Bear on Company Debt, Buys Corporate Fund Shares BL
Corporate Bond Risk Surges by Record as Subprime Losses Spread BL
Market Internals Go Negative Hussman
US economy and the lessons of history Jackson
Monday on Wall St.: A Day Filled With Jitters NYT
Stock Bulls Grow More Bullish as Global Equity Markets Lose $2.1 Trillion BL
Bonds hit by credit market dip FT How hard will tight credit hit? CS Monitor
The Deep Risks of 'Asset-Light' Debt BW Tougher terms for hedge funds FT
How a fat tail comes home to roost FT
The $100bn of losses that funds and banks are currently nursing on CDOs could lead to a credit contraction of more than 10 times that amount...
Steven J. Lehman "I don't think it's anywhere near close to being too late to sell.”
Will investors bear more market pain? USAT
More than 75% of the stocks in the S&P 1500 index, which includes companies of all sizes, are down at least 10% from their highs. The average drop: 18.5%.
The Time to Sell is When Complacency Runs Deep Panzner
CDOs, Subprime Mortgages, Rising Debt - Investors Looking for Trouble Bonner
Fear Swells Amid Market Pullback Schaeffers
Examining the Spike in the VIX
Investors Page Greenspan; Doctor Isn't on Call Baum
Why Bernanke Won't Save Investors Business Week
After the stock market's plunge, investors are betting that the Fed could cut rates as early as August. Don't count on it
Market Volatility Won't Affect Fed's Decision Berry
FX Trading – A test of dip theory! Black Swan PDF
Yawning rich-poor gap could hobble economy CS Monitor
TIPS Prove Poor Tip for Bond Traders Anticipating Inflation's Acceleration BL
State of malaise: Researchers say consumers' gloom affects their wallets DetN
Believe it or not, there's a link about what's going on in our heads and what's leaving our wallets.
Five Signs That Subprime Infection Is Worsening Gilbert
US subprime crisis shows signs of spreading FT
Deutsche Bank Payday Burgeons on Subprime Mortgage Trading Bets BL
Is the decline in housing to be blamed for US economic slowdown Shostak
Subprime woes claim first German victim FT
IKB Cuts Profit Forecast Amid Rout in U.S. Mortgages BL
The shares fell the most in at least a decade
American Home Mortgage Shares Plummet on Dividend Delay, Writedowns BL
Home stores react to homes not selling OC Register
Living The American Nightmare SF Gate
Subprime closes shop, Prime Loans Gone Wild, and the Future of Housing Dr.HB
Pure-Play Banks Face Higher Downturn Risk Dow Jones
Investment banking revenues at the top 10 investment banks by earnings fell 13% during the last bear market in 2002...
S&P paints a gloomy picture for big banks FT
The “golden age of leveraged finance volumes and returns” is now at an end...
Short sellers bank on financial sector ETF MW
Dolan noted that the shorting activity in the financial sector ETF is extreme. "I haven't seen anything like this before"
ABN Amro Drops Support for Bid by Barclays, Posts 7 Percent Profit Decline   BL
Credit Wreck Threatens to Bang Up GM TheStreet
In Opposing Tax Plan, Schumer Breaks With Party NYT
Big Real Estate Joins the Fight Over Tax Hike NY Sun
Bill Targeting Hedge Funds Worries Partnerships
US regulators prepare to hit BA with fine for price-fixing Telegraph
Anchors away - Fund boss yacht on block NYP
Devaney received a jolt earlier this month when the $620 million hedge fund portfolios he runs were forced to suspend investor withdrawals.
The risks of rocket science Guardian
Ingrid Felderhof shares her thoughts on Bre-X G&M
Gold futures gain a slightly upward edge MW
Some Say Gold Still Glitters in Dark Times TheStreet
European Central Bank gold sales slow price increase Mineweb
U.S. gasoline prices fall to $2.88 Reuters
Rig counts give clues on oil industry, not full picture Dallas MN
Yen Trades Near 3-Month High Versus Euro as Investors Cut Carry Trades BL
Big spenders stir protectionism FT   The Great Wall of money Telegraph
Globalization and Inequality Morici
For the markets, global chill Asia Times
China Curbs Bank Lending to Cool Economy, Inflation BL
Index strikes 4440, a new high China Daily
Paulson in China AFP  Paulson Rejects Criticism on Yuan BL
CPI to rise record 4.5% in 3rd quarter, rate hike likely China Daily
China Braces for More Tightening as Excess Liquidity Persists AB PDF
Illegal government charges fuelling China's soaring house prices Xinhua
China may become 2nd largest economy in a decade China Daily
China’s IPO ‘gap’ soars to $25bn FT
House price growth hits the buffers Telegraph
EU companies face woes of a strong currency AFP
Small Firms Bleed on Currency Woes Korea Times
Asian bonds tumble as stocks plunge Finance Asia
NZ housing bubble set to burst - survey NZ Herald
Australian dream fades as cost sends some to ghetto SMH
After decades of cash under mattresses, Russians head to the bank AFP
Investor With Close Ties to Putin Is in Talks to Buy Oil Company NYT
Saudi prince's IPO generates $20.6-billion in Riyadh BL
Defiant Abe to stay in power despite crushing defeat for LDP Kyodo
Investors Are Big Losers as Japan's Abe Stays On Pesek
Zimbabwe: Investors View Bourse as Safe Haven All Africa

Downward growth trends Washington Times
The biggest revelations in the Commerce Department's report were the rather large downward revisions in the growth rates during 2004, 2005 and 2006.

Weekend Edition (July 28-29).  Key U.S. Data Releases and Events GI
Stocks to fall further as credit woes persist MW
Was Latest Market Meltdown 'The Big One'? NYP
'Reckoning' begins for prophet of doom ROB
“He makes Eric Sprott look like a cheerful optimist.�
Rebound in GDP Growth Likely Temporary Northern Trust PDF
The Past Year's Stock Market Rally Has Not Been Economically Driven
What a Difference a Week Makes! Schiff
Bear Market Warning Flags Forbes (Stack)
“That ominous divergence has never occurred in the past 75 years...�
Stack on NBR: “...we could easily see a 30 percent or more bear market.�
No apocalypse now, but the party's over Observer
The only surprise about the sharp stock market fall on both sides of the Atlantic last week is that it took so long to happen
On the Lookout for a Bear Market NYT
Let the Buyer Beware Wakefield  The Long-Term Bond Bear Saville
A return to stock market volatility Daily Herald
“The reality of risk is finally returning to the market�
Volatility to continue amid risk aversion Standard
“Clearly there has been a systemic change, what an economist would call a structural break in risk appetite�
There are bad omens, and Hindenburgs. But don't forget the market basics G&M
Joe Battipaglia: “Since we're having a credit tightening across the board, the landscape has shifted�
Markets Around the World Are Marching in Lock Step Norris
Major markets around the world now tend to move more in line with one another than ever before...  The American Flu Big Picture
Will the Market's Roof Cave In? S&P
Risk Shocks and Currency Markets   Wachovia  PDF
Assessing the Dollar Undershoot Jen
Monetary Trends, August Issue FRBSL
America's Financial Reckoning Day FSO (Audio)  Amazon
Productivity Slowdown Finishes Third Year Baker
Say so long to cheap money WP
Credit crunch ripple effects will be widespread
Fears are set aside as managers agree 'bull run still has legs' Times
Neil Woodford: “I don’t see this as the start of the bear market.�
Doug Sandler, Wachovia Securities: "I think all you really need is some green on the screen and people will want to jump in.
Ned Riley: “I think we're going to start to see the market coming back next week. Once we get over the shock of the subprime issue, which is not as big an issue as the market is making it, people will realize there is value out there.�
Frederic Dickson, D.A. Davidson: "I don't see this as a start of a 20% bear market�
Timothy Feldheim: “This is absolutely the worst possible time you could get out of the market�
Robert Walberg: “Don't panic: Markets will likely recover�
Hidden U.S. subprime losses may mirror Japan bank crisis Reuters
The Subprime Virus Mauldin  PDF
Subprime chaos could spark world funding drought Standard
Housing Data Crush the Pollyannas TheStreet
Lost in the welter of data pouring out was one sign I see as especially troubling...
Home mortgage defaults, foreclosures may pop S. Florida housing bubble SS
NYC braces for foreclosure surge NYB
Hedge fund AQR plans IPO -WSJ Reuters
$3 Billion Hedge Fund Is Down 10% for Year NYT
The sale of a block of credit-related securities on Thursday led to speculation about the demise of a multibillion-dollar hedge fund.
Corporate Debt: Dressed Up, Nowhere to Go Business Week
More than $90 billion in high-yield corporate bonds are waiting to get syndicated...record 6-month inventory of loans is about twice the typical backlog
Easy Credit Evaporates, and So Does the Market’s Buyout Frenzy NYT
Forget We Offered: Tyco Rescinds Bond Sale CFO
Sara Lee Recalls 27 Brands of Bread AP
Japan's minicars selling big AP
Former Qwest chief sentenced to six years in jail AFP
Warren Buffett reduces stake in PetroChina Standard
Siemens Managers 'Refusing to Help' with Corruption Investigation Spiegel
Justice too slow for some in Bre-X case Financial Post
The Amaranth transcripts FP
Path cleared for Portus payouts Globe & Mail
Enron fires company that miscalculated retirement funds HC
Porn Star Cited in Ronco CFO Dispute CFO
'Distribution machines' offer shelter from the bear G&M
Gold and USDX Zeal
OPEC's Reluctance Is Not Difficult to Understand Arab News
Gulf royalties targeted again HChron
Bill approved by House requires payments at certain price thresholds
Cameco: Lying low at ‘Sleepy Hollow' G&M
Gold, Jewelry Smuggling Surges Over 14 Times Korea Times
Thailand calls for global cooperation after Wall Street tumble AFP
IMF's Rato-China currency policy constrains all Asia Reuters
Fall may see foreign money exodus Economic Times
A section of traders is worried by the fact that the Nifty has fallen below the psychological 4,500-mark.
Door shut on IPOs after the summer sell-off Independent
Lies, scams and threats – banks are condemned Times Online
Will the Mighty Loonie Do the BoC’s Dirty Work? BMO Focus  PDF
China Moves to Refurbish Damaged Global Image NYT
Japan: Hot Topics for the CPI Morgan Stanley
Japan ag minister in new scandal AP
Brazil: From serial defaulter to net external creditor DB Research
Gorbachev says U.S. is sowing world ‘disorder’ Reuters
America No. 1! Maybe, but here come China and India.  SF Chronicle
-- The Elephant and the Dragon Amazon
The Rise of India and China, and What It Means for All of Us

The anatomy of a market sell off Telegraph
A true story in three parts, featuring investment banks, private equity, investors, banks and central bankers.
A Rough Week Sonders  Market Jitters! Harding  White House says don't panic
Global Equity Weekly - Subprime-terrainian LBO-sick Blues - Weekly TrendsP
Asian Stocks Have Worst Week in a Year BL
China stocks unscathed after Asian markets tumble People’s Daily
Japanese 10-Year Bonds Have Biggest Weekly Gain Since August BL
Australia: One of its biggest falls since the September 11 attacks Australian
Sensex gets a 542 pt weekend drenching Economic Times

Friday July 27.
Dow Industrials cap worst week since March 2003 MW
Fannie, Freddie seen facing $4.7 billion in losses MW
Faber Says Stock Market Decline `Long Overdue' BL Video Hubbard Optimistic
Gold futures drop to a three-week low MW
Deutsche, JPMorgan Delay KKR Alliance Boots Loan Sale Until Next Week BL
The end of the credit party CNN
Barcap highlights 'systemic liquidity drop' risk CreditFlux
A 300-point drop? It's just the start Fleck
U.S. consumers' sentiment improves in July MW
Bonds & Stocks Are "Complete Valueless Crap" Says Bernanke Spoof
Economic Growth Beats Forecasts; Price Gauge Shows Slower Inflation B  BEA
Currency Bill Aimed at China's Yuan Approved by Senate Committee, 20 to 1 B
The Band Plays On AEI (Makin)
Not Just Another Dip Comstock
Corporate Bond Risk Soars by Record as Investors Seek Safety BL
“By the time it ends, in three to four years, people will not want to hear of financial markets or real estate.� Wall Street worries about credit crunch SacBee
Around the globe, rout in credit markets accelerates MW
Credit jitters dominate in volatile markets Reuters
Inflation no longer Fed's only problem MW
Data and stock market sell-off signal softer economy
How Long Will the Fed Maintain a Hawkish Posture? NT PDF
The Crash of 1929: Are We on the Verge of a Repeat? AlterNet
Hedge funds have helped create a counterfeit economy that some experts say could lead to another full-blown economic depression.
How do you spell contagion? d-e-r-i-v-a-t-i-v-e-s Black Swan PDF
Financial Contagian Hoye
U.S. Financial Data, July 26 Issue FRBSL
Franco Is Still Dead, and Housing Is Still Bust Baum
Foreclosure rates could soar CNN
Economy.com expects delinquencies to peak in the summer of 2008 at 3.6% of all outstanding mortgage debt, up from 2.9% during the first three months of 2007.
Analyze This: U.S. Housing Crisis Is Not Over Lachman
Bear Stearns Seizes Assets Of Its High-Grade Hedge Fund Dow Jones
AHM Infected By Subprime Problems Forbes
HSBC's First-Half Earnings Growth Cut by U.S. Housing BL
Housing slump causes Black & Decker profit to stumble Baltimore BJ
Illegal workers bear brunt of U.S. housing job losses: economist G&M
Prime Contagion, Record Foreclosures, and Publicity Dr. HB
Judge Taft Denies Ml-Implode Motion To Strike via Anti-SLAPP ML-Implode
The U.S. LBO Boom: Time For A Pause? BCAR
Is the LBO "put" era drawing to a close? Reuters
Credit fears hit Cadbury’s US drinks sale FT
Boots 5 bln stg senior debt still on hold -source Reuters
Turmoil forces New Look to scrap refinancing Telegraph
Blackstone Shares Fall 17 Percent Below IPO Price as Credit Markets Freeze R
FT analysis: Banks carry $40bn of high-yield debt FTA
Gaming the U.S. Elections Outside The Box
“A Shocking Disconnect� Cross Currents
Transcript: Roger Altman FT
Wall Street Bonuses in Peril Street
Kodak Sues Matsushita Electric Industrial Over 4 Digital Camera Patents BL
Stock borrowing suspicions in Fortis bid FT
A Big Backer of Refco Sues WSJ
Heads roll at WestLB over trading scandal AFP
The Financial Apocalyptics Are Back Mises
Gold Heads for Weekly Decline on Dollar Rebound; Silver Drops BL
Oil rises above $75, eyes tight global supply Reuters
Lead Heads for Largest Weekly Loss in Eight Months in London; Nickel Falls B
The unintended consequences of the ethanol quick fix CS Monitor
Uranium stocks eat yellow cake MoneyWeb
Asia markets tumble as debt panic spreads Times Online
Asian currencies sink as credit fears bite FT
Bank of Japan Less Likely to Raise Key Rate After Stocks, Prices Decline BL
New Zealand, Australian Dollars Plunge Against Yen as Carry Trades Dumped B
Canadian dollar falls as market shuns risky assets Reuters
Think-tank warns Bank on risk of rates overkill Times Online
Top leadership warns on overheated economy China Daily
China takes the bank Economist
How sovereign investors plan to operate
Rise Of The Rupee Business Week
Iraqi government in deepest crisis CS Monitor
Pentagon May Find Bombs, Heat, Vietnam Lessons Prolong Pullout From Iraq B

People had been working on the perception that there was a bottomless pit of liquidity. Now they're wondering whether there's any liquidity left in the market at all.  IBD

Thursday July 26.  The holy bull seized for 'slaughter’
Yardeni: "Worries that have been out there for the past couple of years are coming to a head right now. It's show time..."
Financial crisis just one 'Bear-like' event away MW
Goldman: “We're seeing panic in the market today - you can almost cut the level of fear with a knife”
Wells Fargo to close non-prime mortgage unit Reuters
Paulson Says Subprime-Mortgage Collapse Doesn't Threaten Growth Reuters
Volatility Index Rises to Highest in 13 Months as Stocks Plunge B
Stocks Tumble Worldwide as Investors Avoid Risk BL
Mortgage Woes Expected to Worsen Through 2008: Moody's CNBC
Deja Vu, Spike Rally in Japanese Yen Spooks Global Markets Dorsch
U.S. mutual-fund assets drop $5.5 billion MW
Only a $6.5 billion outflow on Feb. 27 was greater.
Merrill's Bernstein Predicts Plunging Takeover Odds Will Cut Market Gains BL
“Home Prices Are Falling Like Almost Never Before” Baker
New-Home Sales Slide More Than Estimated as Slump Fails to Abate BL PDF
Capital spending weakens again in June MW JClaims down
Treasuries Rally; 10-Year Yields at Lowest Since May on Debt Risk, Stocks BL
Corporate Bond Risk Soars on Hedge Fund Loss, Failed LBO Loans BL
“The `sky is the limit' investment approach is coming to an end”
Banks feel squeeze as credit crunch deepens Telegraph
The global credit crunch has left a handful of banks holding almost $22bn of private equity financing as investor appetite dries up...
Crunch Time Forbes
The noose around the easy credit of the last few years is tightening.
Easy Money, Lifeblood Of Economy, Is Drying Up WP
Some market watchers say the credit market is simply in a midsummer pause
Fitch predicts mass loan refinancing FT
More than half of the $1,300bn leveraged loans market in the US will need to be refinanced in the next three years.
Market reprices credit risk Australian
Will temporarily suspend two of its funds "due to the current lack of liquidity in global structured credit markets".  PR
Australia's Westpac says no U.S. subprime exposure R
But has exposure to troubled hedge fund Basis Capital
Italy set to bail out bank after huge derivatives losses Tele
Bank has sent out margin calls to 2,200 clients in an attempt to stave off disaster after losses suddenly began to spiral...
Before the Stroke of Midnight iTulip
Liquidity and Leverage Fed Bubbles That May Now Burst The Curmudgeon
There's a bear in Don Hays' crystal ball Brimelow
The Old Mercantilism and the New North
FX Trading – The Biggest Dollar Bears of Them All – The U.S. Black Swan PDF
Monthly FX Outlook CIBC PDF
D.R. Horton hit by $823 million loss Reuters
No. 2 homebuilder reports its first quarterly loss as a public company
Beazer Reports Loss on Inventory Writedowns, Scrapped Land Contracts BL
Land Charges Crush Pulte, Ryland TheStreet
How Long Will Home Prices Defy Falling Sales? Realty Times
Subprime Mortgage Sector: The Current Epicenter Of Risk BCA Research
Some contagion from subprime to the broad credit market is underway
U.S. Housing: More Subprime Woes Global Insight
The recent deterioration in subprime loans also means a longer and deeper housing recession.
Defaults on Some `Alt A' Loans Surpass Subprime Ones BL
Enough subprime, let's talk housing debacle Reuters
Prime borrowers catching subprime ills CNN
Home Sales on a 'Staircase to the Basement' WP
US lenders lament housing defaults TheAge
The Housing Sector is Doing Bad Things To People With Good Credit NBR
Blackstone said to flip EOP properties CNN
NY Gold Seen Down $2.60, Silver Down 3.5c Dow Jones
The gold carry trade MoneyWeek
A bright outlook for commodities Asia Times
A dark side to the ethanol boom? CS Monitor
Shanghai Copper Futures Gain, Reversing Earlier Losses; Zinc Up BL
MBIA Net Drops After Loss on Bear Stearns Hedge Fund BL
Exxon Mobil Profit Declines, Missing Estimates, as Oil Output, Prices Drop   BL
Ford Motor Posts Surprise $750 Million Profit After Seven Quarterly Losses BL
Chrysler trouble: Are big deals over? MSN
JPMorgan, Goldman Bond Risk Rises as Chrysler Loan Sale Fails BL
Credit crunch threatens Cadbury’s US drinks sale Times Online
Buffett's Berkshire reportedly buys Kraft stake CNN
Capital Concerns CFR
Fierce competition among a handful of cities for dominance of world financial markets reflects the weight economic considerations now carry in determining geopolitical clout.
Pension systems try hedge funds WP
Resurgent 401(k) balances pass 1999 levels: Study BL
Starbucks delays open of India stores AP
Hunter to fight trading charges Globe & Mail
Parmalat’s Founder and Bankers Are Charged NYT
Judge delays ruling on whether to toss Facebook lawsuit USAT
KLA-Tencor Charged with Backdating CFO
Japanese Couple Sue Sony, Apple, in Alleged Defective Battery Accident AP
Shanghai taps new high; Asia wobbles MW
China tipped to be main driver the global economy this year Times Online
Jim Rogers cautiously bullish on China stocks Reuters
Credit market woes haunt investors, stocks fall Reuters
ADB warns on risk of carry trade unwinding FT
Yen Strengthens as Equities Decline, Prompting Unwinding of Carry Trades BL
UK house prices 'stall' in July BBC
Suggesting that higher interest rates are starting to bite
New Zealand Raises Key Rate to 8.25 Percent, Signals Increase May Be Last B
Kiwi falls as RBNZ signals end to rate hikes FT
Today's interest rate rise may signal peak - economists NZ Herald
Chances slim for Japan intervention to prop up yen Reuters
Japan: An Inconvenient Truth Morgan Stanley
Such Good Friends, For Now Asia Sentinel
A backlash could be building over Singapore’s wholesale purchase of Australian assets
Joseph Yam on spotting risks Yam
Gazprom Reviews Bonds Plan Moscow Times
Putin calls for response to US ‘threat' FT

Buyout volumes up despite credit blowout Reuters
Equity markets and private equity firms clearly still believe LBOs are possible.

Wednesday July 25.
Looking Below the Surface Panzner
Fed Survey Says Expansion Hampered by Increasing Costs BL Beige Book
Bonds' subprime rally may have run its course Reuters
Don't Underestimate How Bad Things Are Kass
Gold Falls as Banks May Increase Sales; Silver Falls BL
Chrysler, Facing Resistance, Abandons Loan Sale Plan BL
U.S. Existing-Home Sales Declined 3.8% in June to 5.75 Million Rate BL NAR
Enough is Enough Gross  Gross sees possible 5%-10% drop in stocks MW
The Slip Between the Cup and the Lip McCulley
Wealth Effect or Borrowing/Asset Sales Effect? Kasriel  PDF
Dollar tumbles as credit crunch looms Telegraph
Contrarians see little evidence major bear market has begun MW
Growing fears for credit markets sour taste for debt securities FT
Sales of CDOs were only $19.9B as of July 20, compared with $50.6B in June.
Fed's Plosser sees no sign of credit crunch--WSJ Reuters
Bearish Divergences Abound Barbera
Is it time to sell equities and sit out the turmoil? FP
Heading Towards Another LTCM Crisis? SA Hedge Funds: Let 'Em Fail AEI
FX Trading – Dead dollar bounce? Black Swan PDF
FX Crossroads, USD: "No value left" Danske PDF
Pound Falls as Investors Pare Carry Trades on Subprime Concerns BL
`Imported' Inflation? Try `Made in the U.S.A.' Baum
Governments Risk the Margin Call EW
Subprime Mess Fueled by Crack Cocaine Accounting BL
U.S. home loan demand drops to 5-month low Reuters
Japan's banks exposed to US subprime market FT Nomura May Exit Subprime
Subprime woes reach Down Under FT
China shying from shaky US mortgage market Asia Times
Moody’s: Subprime crisis is 'blessing in disguise' ThisisMoney
Trouble in Hedgistan: “Its gonna get a lot worse” Whitney
Foreclosures in state hit record high LA Times
The housing crisis spreads to middle-class buyers. The economic outlook ranges from a slowdown to recession.
More Dark Clouds in Housing's Future Realty Times
The economic projections for the housing market get more dismal by the week.
Could Hurricanes Blow Subprime Debt Investors Away? Morningstar
Which reinsurers could face a worst-case scenario--and those likely to avoid it.
Foreclosure plan would make lenders pay Boston Globe
Residents who lose homes could get cash for moving and rent
Home builders at widest CDS spreads in 5 years Reuters
Lender’s $90M hit is in ‘horizon’ NYP
Today we Salute you Lakewood. A Short Sale with a $100,000+ Loss Dr. HB
Bear hedge fund losses to hit index next month MW
Countrywide Collapses As Chief Cashes In NYP
U.S. Homebuilding Chiefs' Pay Follows the Slump BL
Gold dips as dollar rallies, oil, metals ease AFX
Gold: What’s Next? Aden
TheStreet.com on Ron Paul and the Gold Standard Nystrom
Ranchers, farmers battle over corn USAT
Soaring Prices for Salvaged Metals Spark a Wave of Property Crimes WP
KKR Offers Higher Interest on Loans for Alliance Boots Buyout, People Say BL
If Leveraged Buybacks, Why Not Leveraged Dividends? Kasriel  PDF
Are Profits Purely Random? Shostak
Tobacco May Be Put Under FDA Control AP
Lex: Challenging the TXU bid FT
ExxonMobil: How long will the profit party last? Business Week
Alcan talked with as many as six suitors Globe & Mail
Paulson Says U.S. Hurt by High Tax Rates NYT
Pink Sheets plans warnings for suspicious stocks USAT
Hedge Fund Trader Lenowitz Pleads Guilty in UBS Case BL
Former Amaranth trader in court move FT
Japan's Trade Surplus Surged 53 Percent in June on Renewed Export Demand B
Greed & Fear in the ‘commodity complex’ and EM debt spreads FT Alphaville
CDS report: “It is inherently dangerous to catch falling knives” FT Alphaville
Keep government's hands off the stock market Asia Times
Expectation is growing among Chinese investors in stocks that the government may soon take measures to boost the market...
Bulls rush on as bubble builds Standard
China Overheating Indicator Deutsche PDF
Mainland stock market eyes huge IPOs CDaily Handling the IPO flood
Private Equity in China Comes of Age Business Week
Economists warn of risks of continued yuan appreciation Xinhua
Prices to continue upward trend - agency China Daily
Baidu Takes On `Don't Be Evil' Google, Short Sellers in Chinese Showdown BL
Wary diners ask: Is fish from China? CS Monitor
Good times can't last, fund manager warns Australian
"The risk to the Australian investor at the moment is quite significant”
Private equity value plummeting, inquiry hear ABC News
Housing Craze `Gazumps' Londoners With Record Prices, $500,000 Parking BL
TSX plunges most in three years Globe & Mail
Africa offers 'final frontier' for investors Globe & Mail
Merrill Lynch's chief investment analyst says continent's development presents opportunities for those not afraid of risky stocks
JPMorgan says stay away from Russian energy stocks Reuters
Darling enters sovereign fund debate Reuters
Sports Direct gets a kicking Guardian
Bank of Italy Calls for Italease Executives to Resign, Orders Share Sale BL
Iran Is Ready to Consider High-Level Talks With U.S. on Iraqi Security   BL

Tuesday July 24.
Earnings, credit signal sell
Dow falls more than 200 points in biggest one-day drop since March
Thailand relaxes currency rules to curb baht MW
Dollar index at fresh 15-year lows amid heightened mortgage fears - Gold Gains
Dollar Could Turn on a Dime -- and Hit Stocks TheStreet  $ Bears Feasting P
Subprime loan alternatives CNN
Looking for Contagion in All the Wrong Places PIMCO (Gross)
Draining the Swamp: The Tightening of Liquidity Wachovia PDF
We think the boom in global liquidity probably peaked in the first half of 2007.
The stock market's buying climax Hulbert
Credit crunch to hit stocks, Morgan Stanley warns Telegraph
Study found that credit spreads began to widen on average six months before every stock market correction of 10pc or more over the past 20 years.
Gloom or Doom for Global Markets? Faber Q&A
OECD economist warns of global financial bubble ABC News
Financing of Global Imbalances IMF  PDF
Paulson backs strong U.S. dollar ~  Says subprime woes 'containable'
Net short dollar dollar positions at all-time high Danske PDF
Après Bretton Woods II, le déluge? State Street PDF
Dollar Declines to Lowest in Two Months BL
Is America becoming a global credit risk? Farrell
We're like out-of-control kids with stolen credit cards, spending our future with no plans to repay
The decline of Western incomes Hutchinson
US Treasury Secretary Henry Paulson: The Coming Financial Crash... Cook
Have the Junk Bond Buyers & Leveraged Loan Lenders Had Enough? Fiend
The Tyranny Of The Market Business Week
An economy grounded in rapid-fire finance will self-destruct over the long-haul
Hedge funds opt to be lenders of last resort Reuters  “The bender of last resort”
“Any notion of a crash will certainly be mitigated by hedge funds”
Monetarism: Dead at Last? NRO
Countrywide Profit Slumps 33 Percent on Late Mortgages; Forecast Cut B
Basis Hires Blackstone to Limit Losses on Hedge Funds BL
Blackstone, already helping Bear Stearns Cos. manage losses at two hedge funds, will advise Basis Capital ``to prevent adverse pricing and selling of assets''
S&P keeps rating on Australia's Basis Capital on hold AFX
S&P said it has met with the management of Basis Capital to discuss its rating
KKR, Homeowners Face Funding Drain as CDO Machine Shuts Down BL
Investors are demanding yields 10 percentage points higher than benchmark rates to compensate for the risk of losses on some of the lower investment-grade rated parts of CDOs, up from 4 percentage points at the start of the year...
Cracks in the Foundations of Growth Levy PDF
What Will the Housing Debacle Mean for the U.S. Economy?
Housing market 'wilting in the heat' MW
Deutsche Bank analysts say spring weakness carrying over into summer
Why Fannie And Freddie Are Fidgety Business Week
The financial giants are loaded down with dicey loans as defaults increase
Foreclosures Flood California Housing Market NPR
Most ruthless foreclosure states CNN
States Aim to Stem Tide Of Home Foreclosures WSJ
The states are expected to invest a total of more than $500 million in the effort.
Wells Fargo pulls popular subprime loan from mix Reuters
Subprime exposure weighs on forecast for CIBC Globe & Mail
Sector Glance: Homebuilders Tumble AP
Moody's cuts CSFB Home Equity tranches Reuters
Potential CDO downgrades climb to $1.4 bln - Fitch Reuters
S&P may cut $1.76 bln in ABS CDOs backed by subprime Reuters
Splitting up in a down market Herald Tribune
Stacked-up listings and double-digit price declines have skewed the rules for getting divorced.
ABX Derivative Index Comes Into Its Own AP
Gold: Unsustainable Developments Ing
When will gold go ballistic? Ambrose Evans-Pritchard
Gold Bugs Start To Salivate FNArena
BHP Billiton Annual Production of Copper, Nickel, Iron Ore Rises to Record BL
The Oil-Dollar Link: US Implications Berner
The ethanol boom Globe & Mail
Booming demand for ethanol is turning the global food chain upside down
Rising food prices curb aid to global poor CS Monitor
Starbucks raising U.S. drinks prices next week Reuters
Farm boom undercuts push for new subsidy package CS Monitor
Newmont's CEO Considers Takeovers, Reveals Strategy BL
China strikes gold with huge discovery Telegraph
Admiralty soars on $44b lithium deposit SMH
Texas Instruments' 2Q Profit Falls AP T - DD - MCD - EWatch
Detroit's $100 billion headache CNN
Wall Street banks pull GM Alison debt sale FT Alphaville
Deals: Private Equity Takes a Breather CFO
Blackstone Deal Scrutinized Over Hilton Stock Activity Dorfman
Politicians Will Hit Dealmakers--Not Just Yet Stelzer
Corporations have trouble borrowing USAT
Bottled Water Industry At a Tipping Point NY Sun
Beazer Homes says SEC probe now formal AP
Broadcom, Samueli Face SEC Charges CFO
Fired Iranian broker wins $1.6M from Merrill Dow Jones
Wall Street Floor Clerk Sues Another Clerk for $5M NY Sun
The Black Trial: A titan's downfall Macleans
Manufacturing, Services Growth in Europe Slowed More Than Forecast in July BL
BoE'S Gieve says credit markets a key uncertainty facing the UK Thomson
China flexes its muscles by buying Barclays stake Times Online
China: Assessing Economic Conditions BCA Research
Property prices up 7.1% in major cities China Daily
China's banks use only 26% of QDII quota in 1st half Xinhua
`Crazy' cash chases the `magic' Dragon Standard
What is Chinese GDP really doing? Econbrowser
What’s happening in Non-Japan Asia? DB Research  PDF
10 years after the crisis  An insider's view of the 1997 crisis Jakarta Post
Ratepayer funds in jeopardy Daily Telegraph
Reserve Bank Governor Glenn Stevens warned that local councils investing in the complex financial products may not be aware of their potential to implode.
South Korea's Kospi Exceeds 2,000, Boosted by China Demand BL
Philippine peso hits new 7-year high vs dollar despite deficit worries AFX
Gulf consumer spending soars FT
Belarus Misses Gas Payment Moscow Times
10,000 homes flooded, 50,000 without power and 150,000 have no water Times
"Once-In-A-Century" Floods Swamp China CBS

Monday July 23.
Stocks higher on upbeat earnings, takeover news MW
"Contagion" Could Lead to a Financial Tsunami Huffington Post
Greenspan Says Foreign-Savings Boom Isn't Permanent Bloomberg
Wall Street CEOs See `No Clear Signs' of Crisis as Subprime Woes Intensify B
Hedge funds pull in $58.7 bln in second quarter MW
Subprime mortgage woes haven't had much impact on index, firm reports
Investment Flash: Ah, The Summer of 1929! Lamont
A Gold Star for Gold Russell
Expedia trims buyback, citing 'unacceptable' debt terms MW
American Standard selling bath, kitchen lines to Bain fund MW
“You’ve got Questions. We’ve got Answers.” Saut PDF
Fed Delivers a Sobering View on Housing and the Dow Hits 14,000! WFargo P
Fed Couldn't Do What Trichet Has Done to Sarkozy Berry
'US economy at risk from ‘non-ally’ bondholders' Times Online
The US comptroller general has warned that foreign investors have more control over the US economy than Americans
Treasuries Attract Pension Funds Overflowing With Stock Gains BL
Garbage and Potatoes Hussman
Dow 14,000: I'm skipping the party Fleck
Big threats are being ignored as investors celebrate the stock market's latest milestone. We haven't seen such arrogance since the heady days of 1999 & 2000
Put piggish behavior at bay to avoid financial slaughter Pitt Tribune
New market highs, but no raging bulls CS Monitor
Junk Bonds: Are the Risks Worth Taking? WSJ
Bernanke’s fallacy that inflationary expectations are the heart of inflation? Shostak
U.S. dollar falls to record low Reuters
“There was a strange move around 4 a.m. to 5 a.m. this morning...”
The falling dollar and the US economy -- which way now? Jackson
Good news and bad news for U.S. Financial Post
The Sinking Dollar Also Has an Upside Newsweek
Even the Brazilian real and Argentine peso, the Los Angeles Clippers of currencies, are thriving against the buck.
Dollar's Bear Market More Boon Than Bane for George Bush BL
U.S. Dollar Falling Ill From Poisonous Debt Packages Bonner
Midyear economic report: 5 trends to watch Crain’s
Money, Money Everywhere and Not a Penny to Invest…. Cornerstone
Analyst says downturn will lead to a recession Herald Tribune
Trouble in Hedgefundistan: “Its gonna get a lot worse” Whitney
A dot-com bubble by any other name is still ...   Ottawa BJ
The American Dream Is Overbought and Overbuilt Mish
Fannie, Freddie deepen involvement in subprime loan market Dow Jones
U.S. states to help subprime owners refinance - WSJ Reuters
Australian banks count exposure to ailing hedge fund Reuters
HFA benefits from US sub-prime crisis AAP
Spot Gold Sets Sights On Move Up To $700/Oz Dow Jones
Gold to test $720? Brimelow
Gold's on a roll (again). And the gold bugs are gloating.
This Time It's For Real... Maund
Crude edges down on OPEC comments Reuters  $60 - $65 oil is 'appropriate'
Oil Options Show $100-a-Barrel Price by 08, Sooner Than Even Goldman Saw B
Forget the Ethanol Myth -- Avoid Biofuel Bubble BL
Corn again: Iowa finds salvation Globe & Mail
First carbon trading market opens Australian
Hewlett-Packard to Buy Opsware for $1.6 Billion, Add Data-Center Software BL
United Rentals to Be Bought by Cerberus for $6.6 Billion Including Debt BL
London vs. New York smackdown Fortune
Which city is the real financial capital of the world?
FSA chief accuses US of poor flotation standards Times Online
Bear Stearns Shares Show Cayne's Dummy `Body Blow' Won't Prove Massive B
JPMorgan says wins approval to incorporate in China Reuters
Rivals plan trading platform to challenge Goldman's system MW
Reuters FX matching system suffers outage Reuters
Wal-Mart in price-cutting mode CNN
Possible lawsuit hangs over Hong Kong banker David Li AFP
War of the Redstones: Next salvo Fortune
Running an audit on accounting scandals Union Tribune
Index overcomes monetary tightening; hits one-month high China Daily
Regulator to bring credit growth under 15% for 2007 China Daily
China's Money Hides in Harry Potter's Cloak Mukherjee
Asia's great walls of forex Australian
China is piling up foreign reserves at the astounding rate of $US1 million a minute
Sarkozy seeks tougher line on China FT
China's £10bn stake in Barclays Times Online
The concept of the government of China capturing a major stake in one of Europe’s largest financial institutions may raise questions for regulators & EU governments
Dubai's acquisitive ambitions are far-reaching NZ Herald
Bracing ourselves in case the Brown 'miracle' unravels Telegraph
10 years on, currency earthquake is waiting to rattle Asia once more Japan Times
Thailand's baht pressured again a decade after crisis AFP
Omaxe prices IPO at top of range Finance Asia
New insights on the Soviet Union's collapse CS Monitor
Should Zimbabwe adopt the rand? New Zimbabwe

Weekend Edition (July 21-22).  Key U.S. Data Releases and Events
Stocks to trade lower amid earnings tidal wave MW
Heaviest week of earnings season will see 172 S&P 500 companies reporting
Fun in the Subprime Summer Mauldin  PDF
How Do You Say "Rube Goldberg" in Chinese? Kasriel  PDF
Red Flags Are Still Flying in Debtland! Harding
The Hand of Finance Noland
Dow and Round Numbers Ticker Sense
Sorry Ben, the Buck Stops with You Schiff Alan, We Hardly Knew Ye Sheehan
Smoke, Mirrors Can’t Hide The Rising Cost of Everything Crudele
The Biggest Dollar Diversifiers Are American Jen
The Five Stages of Counterfeiting North
Richard Bookstaber Interview FSO (Audio Files)  A Demon of Our Own Design
What We Do and Don't Know about the Term Premium FRBSF
Wall Street can't cage its mortgage monster LA Times
The Foreclosure Story: What does the Process Look Like? Dr.HB
Demand and Must-Sell Supply Voice of SD
Dollar to face more subprime, housing woes next week Reuters
U.S. home builder woes reach into other industries Reuters
"It won't really be until 2010 before we start seeing normal levels of activity in most parts of the country"
Investors shun risky securities amid subprime mess Reuters
Bear Stearns to be sued over subprime funds - CNBC Reuters
Barclays may have lost big in Bear fund: report Reuters
Two lenders prolong financing for Block’s subprime mortgage unit KC Star
Subprime Survivors OC Register
Laid off New Century employees get new jobs, accept lower pay.
IndyMac cuts 4% of staff OC Register
Beazer Homes expected to take higher impairment charges FT
Countrywide CEO doesn't see mortgage rebound until 2009 Sacramento BJ
KB Home CEO sees U.S. housing market declining in '08 Reuters
Bernanke: Housing will get worse Inman
Debt Market Is Squeezing Private Equity NYT
Some 15 to 20 debt offerings — analysts’ estimates vary — have been modified or postponed as anxious investors have demanded better terms for high-yield loans and bonds, the lifeblood of the leveraged buyout.
Bridge loans becoming a bridge too far? Reuters
“The whole idea is to get in there, make the loan, spread around your risk on the loan, and not be the one left holding the bag”
Coming Week: Credit Shards TheStreet
KKR to rearrange £9bn debt ahead of Boots buy Times Online
A Blockbuster Seller Overseas: Stakes in Corporate America NYT
The month of May saw a record of more than $110 billion of foreign investments in U.S. stocks and corporate bonds.
Is America's long nightmare of rising drug prices over? MW
Google to bid for U.S. airwaves if condition added Reuters
Cramer: Don't Sell Google TheStreet
Cameco finds uranium in soil at plant G&M
Big Subsidies for Big Phone Companies AP
CV Technologies sued over financials CP
Viacom's Redstone Confirms Rift With Daughter, Considers Buying Her Out BL
OxyContin Maker, 3 Execs Fined $634.5M AP
SEC suspends 'terror link' search tool FT
Energy Stock Correction Zeal
Gas Prices Rise on Refineries’ Record Failures NYT
The Ethanol Backlash Slate
Dry cargo freight rates stabilized downward slightly this week CMaritime  PDF
Lombard Street Research - Red-hot China out of control FT Alphaville
Listed firms' 1st-half profit up 77.46%, P/E at 30.3 times China Daily
Inflation: China’s Next Big Export? BMO Focus (Article pg. 7)  PDF
Has enough been done to stop another Asian crisis? SMH
Surprise on economic growth adds to fears of interest rate rise Independent
The Delicate Relationship of the Output Gap and Prices Morgan Stanley
Thailand’s Baht Soars Higher Asia Sentinel
Thailand’s rapidly rising currency not only leads the region but could force a domestic economic restructuring  Thai FM: Baht moves won't shock markets
Canada Dollar Rises to Three-Decade High on Surging Commodities BL
Unsophisticated investors risky for mkts: WL Ross Jr MoneyControl
Technology light flashes amber Telegraph
Investors flying under the radar Times Online
While investors in the ordinary shares of any company have to disclose any holding above 3%, there is no obligation to do so for synthetic instruments...
Hedge funds defended despite subprime crisis SMH
Britain could lose out, warn Russians Telegraph
Fall of Japan's apostle of 'greed is good' Asia Times
Daily attacks in Iraq hit new high Reuters

Treasuries Rise Most Since March on Concern Subprime Crisis to Cut Growth BL
Global Economy This Week CSFB Weekly Trends Scotia PDF
Global Equity Weekly - Hairy Earnings and the Deathly Subprime BMO  PDF

Friday July 20.
Stocks in U.S. Erase a Week of Gains as Caterpillar, Google Shares Tumble BL
Subprime Investors Who Lost Money `Deserve It,' Fed's William Poole Says BL
T 10-Year Yield Drops to Six-Week Low on Subprime Mortgage Debacle BL
Bernanke Breaks With Greenspan, Emphasizes Forecasts, Consumers BL
Congress Draws Bernanke Out on Class Struggle Baum
Fed is Completely Boxed In Comstock
Dow's climb stumps skeptics ChicagoT
Records reminiscent of dot-com boom
Blue Chips = Big Winners Ticker Sense
1,000 points in 59 Days USAT
Is A Black Swan In The Way Of The 14,000 Dow? Forbes
Five Reasons to Sell, Sell, Sell Business Week
The End of Easy Money TIME
U.S. consumers can no longer count on borrowing their way out of trouble.
Alice in Liquidity Land Panzner  Money is Also Destroyed Nystrom
Dry Bulk Shipping Valuations Approach “Bubble” Proportions Seeking Alpha
FX Trading – Momentum! Is it HY*Greed? Black Swan PDF
U.S. Financial Data, July 19 Issue FRBSL
Who Do We Owe and How Much? Dollar Daze Blog
CDO fallout could spread ID What Is This Subprime CDO Crisis? FNArena
Basis capital is unlikely to be the only institution touched by the CDO meltdown.
U.S. Subprime woes hit GCC bond market Gulf News
Shaky ethics of subprime lending lead to shaken investors MW
Miami Condo Glut Pushes Florida's Economy to Brink of Recession BL
Banks Battle Housing Woes Business Week
American Home Mortage stock plunges Newsday
How Federal Regulators, Lenders, and Wall Street Created America’s Housing Crisis Weiss Research PDF
Why the IRS Is Showing Mercy To Some Home Sellers WSJ
Man Group blames price cut on credit fears Times Online
Third Point Fund Off Target In $525 Million London IPO Dow Jones
The Old Money in Private Equity Isn’t Ready to Welcome the New NYT
Private Buyers Worried about Future M&A CFO
Alcoa slumps as 'bid' evaporates Australian
Caterpillar Net Falls on U.S. Housing Market, Missing Analysts' Estimates BL
AMD posts loss amid intense price war Reuters  Ericcson Misses
Your fix price at Starbucks could be headed higher ~ Archrivals storm Starbucks
Tribune Debt Has 49 Percent Default Risk, Higher Than Ford's, Swaps Show BL
Robin Hood Fund Pulls Investments From Hedge Fund Managers Deal Breaker
New crack in the house of Redstone Fortune
Dow Jones director resigns in protest Reuters
BEA's Li vows to defend his integrity Standard
CFO Guilty of Ponzi Death Scam CFO
Conrad Black granted bail until sentencing in November, travel restricted CP
Bill Miller speaks Money Magazine
Gold off 10-week high, focus on dollar moves Reuters
Nation now No 3 gold consumer and producer People’s Daily
The visible hand on the tap Economist
Chart: Domestic Crude Oil Prices Cross Currents
Persistent $70 oil could be a test for alternative energy Chicago Tribune
House Panel Approves a Farm Bill NYT
Gold scandal rocks Vancouver miner in China Globe & Mail
FSA chief warns banks of credit risks Telegraph
Yen on defensive as carry trade swells FT Yen Declines on Carry Trades
Taiwan shares rise to new 7-year high ~ Australian stocks: Back on record turf
China Increases Rates After Fastest Growth in 12 Years BL
Stocks rocket 3.73%, regain 4,000-point ground China Daily
China's unbalanced economic engine Asia Times
China -- A Crystal Meth Mania EW
China: the land of dodgy statistics Econocator
China Bans Firms From Exporting Goods AP Jails food reporter
NBS: Government must monitor consumer price pinch China D
IMF to revise economic forecasts amid 'global boom' AFP
Australia: Age of prosperity has 'no end in sight' SMH
Investors Warned of Stock Volatility Korea Times
Aussie hedge fund punters could lose half their money SMH
RBI buying more bonds with FX reserves Reuters
Iconic U.S. Brands Making Late Entry to Russian Market Moscow Times
Putin certain Russia, Britain will overcome what he calls 'mini-crisis' AP
Burj Dubai is world's tallest building BStandard  http://www.burjdubai.com/

Europe's Junk Fear Grows WSJ (Free via Google)
The global credit-market crunch just won't go away...

Thursday July 19.
Dow ends above 14,000 for first time ever MW
Google Miss Stuns Wall Street TheStreet
Bernanke: Subprime hit could top $100B CNN
S&P slashes "AAA" ratings on some mortgage bonds Reuters
Subprime woes dominate Bernanke's second day MW
Philly Fed shows slower factory growth in July MW FRBP
Leading indicators point to softer growth MW CB
Man Raises $2.9 Billion From Unit's IPO as Subprime Concerns Cut Proceeds B
Hershey Earnings Plunge 96 Percent on Higher Dairy Prices, Job-Cut Costs BL
U.S. stock futures climb after IBM, SAP results MW JClaims Fall
Bernanke's Stagflation Proclamation Fool
Bernanke Sets Stage for Longest Freeze in Rates in Two Decades BL
Fed to Cut Rate After Housing Slowdown, McCulley Says BL
Credit Suisse sees big stock market fall in 6 months Reuters
AAA Grades on Subprime CDOs May Give Cold Comfort Gilbert
Not Invested in the Credit Markets? WSJ
Why Their Woes Could Be Your Woes
The Desperate Optimism of the Invested iTulip
Boston's Crumbling Economy Nystrom
What if you throw a ‘recovery party’ but nobody shows up? Mish
Losing the American dream Fortune
The Dow is soaring, and the economy is growing. So why are so many Americans bearish?
The unbearable lightness of optimism Brimelow
FX Trading Chinas Economy: A Train with No Brakes Black Swan PDF
As Dollar Crumples, Tourists Overseas Reel NYT
Syron, Chanos, Faber Say More Losses Coming in Subprime Bonds BL
The Sub-Prime Mess May Get Messier NBR
“We're nowhere near the peak in defaults and delinquencies” AP
Moody's Says It Is Taking Hit WSJ ($)
Investors Left Holding the Bag In a Land Project Gone Wrong WSJ
Wall Street - not the Fed - keeps subprime in line CNN
Washington Mutual to stop offering certain subprime loans MW
Allstate moves to raise homeowner rates HChron
Morgan Keegan's Kelsoe Falls From Top Ranking on Subprime Rout BL
Australia's Basis Capital investors exposed to sub-prime mortgage market AFX
California Home Sales Hit 12-Year Low; Prices Also Drop AP
Betting your home against Wall Street Money
Gold near 6-week high, Tokyo platinum hits record high Reuters
StrategEcon: $100 Oil CIBC PDF
Big Rise Seen in Demand for Energy NYT  PDF File
Poll: If gas hits $3.50, drivers will hit brakes Reuters
Hidden costs of ethanol DallasMN
Skyrocketing farmland prices a growing concern in Midwest USAT
Tin rises to an all-time high FT
Is the End of the M&A Boom at Hand? BWeeek
Private equity is having a harder time finding investors for risky LBOs. Fallout from a collapsed megadeal could prove worse than the subprime crisis
Punk Ziegel's Bove says sell top brokers MW
Hedge-fund meltdown at Bear Stearns seen as 'systemic' problem
Citigroup, Lehman Receive IRS Requests: WSJ CNBC
Probing whether ‘the trades’ were made for economic reasons, or to avoid taxation
J.P. Morgan sees some bumps in bridge-loan market MW
Honeywell Profit Climbs 17 Percent on Sales of Commercial-Aircraft Parts BL
Motorola Reports Second Straight Loss; Forecast Falls Short BL BofA
Wal-Mart considers China deal Telegraph
Credit worries knock $1bn from Man's float Telegraph
US legend Macy's in private equity's sights Independent
Quake halts Japan auto production AP
SEC to charge David Li in Dow Jones insider trading case: report AFP
Three plead guilty in major US insurance scam AFP
Enron Settles Suits for $149 Million CFO
Whole Foods CEO Apologizes for "Error" CFO
Meet the world’s biggest chocolate maker FT
Hedge-Fund Managers Cohen, Griffin, Sender Are Top Collectors BL
A Backlash Against Billionaires WP
Pound dips as UK interest rates near peak FT
Haven't we been here before? Guardian
If the pound has not been at these stratospheric levels since 1981, what was going on 26 years ago to explain its strength then?
ZEW: Signs Of A Slowdown? BCA Research
China Economy Expands 11.9% in Second Quarter, Fastest in 12 Years BL
China's Yuan Rises to Highest Since End of Link in 2005 as Growth Surges BL
Price of wholesale pork surges again Standard
Indian Outsourcing Has a Hedge in Its Backyard BL
Rising baht bites the hands that feed exports FT
Rate rises costing UK’s top businesses in excess of £1 Billion Deloitte
Thai Real Estate: What a difference 10 years makes Asia Property Report
Global risks could derail sentiment: DSP ML MF MoneyControl
The new ten-dollar polymer note Yam
Underperforming ‘dog’ funds take a £12bn bite of investors’ money Times Online
Japan Fund Manager Murakami Jailed for 2 Years on Insider Trading Charge   BL

FT:  “Basis, founded by Steven Howell and Stuart Fowler, was the seventh-largest hedge fund in Australia at the start of the year...”

Wednesday July 18.
Stocks close lower on subprime, earnings woes MW
Subprime woes will get worse, Bernanke says MW Bernanke Testimony Unforgettable Barbera
U.S. June Housing Starts Increase 2.3 Percent to 1.467 Million Annual Rate BL
Consumer Prices Increase 0.2 Percent; Core Rate Rises 0.2 Percent BL BLS
House chairman prepares to grill Bernanke MW
Credit risk poses greatest risk to stability: survey MW
Bear credit hedge funds almost wiped out MW
Leveraged fund worth nothing; larger fund reportedly loses 91%
Copy of Bear Stearns letter sent to investors last night Telegraph
“Let us take this opportunity to reconfirm that the Bear Steams franchise is financially strong and committed to meeting your investment needs.”
Dollar Slumps to Record Low Versus Euro on Bear Stearns Losses BL
'Awash in liquidity' suggests bubbly market Shiller
Warning: Financial chaos ahead Asia Times
The world has lived happily for  about 15 years under inflation targeting and without a major international currency crisis. But omens indicate that this may not last.
Dollar to collapse? Ambrose Evans-Pritchard
FX Trading Stocks adjusted by the dollar! Black Swan PDF
Dollar's loss can be your gain Seattle Times
A 10 percent decline in the dollar adds 1.5 percentage points to the earnings growth of companies in the S&P 500 stock index
Globalization creating a 'deadly brew' for national currencies ~ Foreign Affaris
Let's Play Whack-a-Mole With Blackstone Loophole Baum
The illusion of investment profits IHT
The attention that is being showered on "Dow 14,000" goes a long way toward explaining why the U.S. economy has become so susceptible to speculative bubbles.
Food Fight! Saut PDF
Mortgage applications climbed last week: MBA Reuters
Pulte Homes Expects Hefty 2Q Loss AP
CIT Group Posts Unexpected $127M Loss, Exits Home-Lending Business BL
Sub-prime road ahead 'not pretty' Telegraph
Subprime woes spread to loans; stocks next Reuters
Fed, states to crack down on lenders AP FED PR
The pilot program announced by the Federal Reserve, two other federal agencies and state banking officials is scheduled to start in the fourth quarter
The Subprime Mess: "It's Just Going To Get Worse" Business Week
Many more borrowers could default when ARM rates rise
Foreclosures likely as loan rates reset Rocky MN
Understanding CIBC's subprime mortgage exposure G&M
CIBC is having trouble assuaging investors who fear yet another cock-up from the accident-prone bank.
Fisher: Be bullish and watch the bears impale themselves FT
July 17, 07: Fisher: Housing Boom! Forbes
First rung on property ladder gets harder to reach USAT
Viva La Housing Society: Social Security, Savings and Debt, and Retirement Dr.
Billionaires snap up homes in Platinum Triangle LA Times
Luxury Houses Still Selling; Top Picks for Where to Live WSJ
Goldman and trading FT
U.S. fund Third Point postpones London IPO Reuters
Fitch Ratings survey shows rapid expansion of CDX market Hedgeweek
Imperial to buy Altadis, become Europe tobacco No.2 Reuters
Payless Recalls Toddler Shoes That May Be Hazard BL
Short-Term Hedge Fund Managers: Masochists or Yeomen? Seeking Alpha
S.E.C. Chief Seeks New Clout for Board Overseeing States NYT
There Has Never Been a Tougher Time to Be Wealthy BL
Obama, Clinton Draw Wall Street Donors Amid Bush Disenchantment BL
Gold up as the dollar falls to new all-time low against the euro AFX
Gold Exchange to Debut in 2008 Korea Times
How High can Crude Oil Fly? Dorsch
The Bin Buster U.S. Crop of 2007 Global Insight
Core inflation rise sparks interest rate fears Times Online
Too Late for the DAX Party? Spiegel
How Cheap Is The Yen? BCA Research
A dose of ‘Greed & Fear’, CDOs and Asian markets FT Alphaville
Chinese parliamentary panel warns economy overheating AFP
Shenzhen finally puts squeeze on housing speculators Asia Times
Are China's hedge funds delivering alpha? Asian Investor
China's Red Hot Art Market Business Week
Behind the hysteria about China's tainted goods Asia Times
Japan's yen for luxury leads to swankier salons, more perks McClatchy
Macau's record casino revenues challenge greater Las Vegas AFP
Armored-car repair business is booming in Baghdad McClatchy

Tuesday July 17.
Risk of Subprime Mortgage Bonds Jumps to Record for Second Day BL
Chrysler Forced to Pay Higher Interest Rates on Debt for Cerberus Takeover BL
U.S. stocks close mixed; Dow passes 14,000 level MW
Fed, on Eve of Bernanke Testimony, Announces Subprime-Lending Initiative   BL
Homebuilder Confidence Drops to 16-Year Low as Housing Slump Persists NAHB
Oil Rises to $75 in New York on Speculation Refineries Will Use More Crude BL
U.S. June industrial production up 0.5% vs 0.6% forecast FED
Foreign Buying of U.S. Assets Unexpectedly Surges to Record $126.1 Billion B
Producer Prices Fall; Core Rate Rises 0.3% B  BLS Chain-Store
Corporate Bond Risk Soars After Subprime Index Selloff in U.S. BL
Derivatives Banks Concerned by Hedge Fund Leverage BL
Hedge dough no go fund $$ dry up NYP
Big Wall Street firms' love affair with lending cash to hedge funds specializing in trading mortgage-backed securities is officially over
Goldman, JPMorgan Stuck With Debt They Can't Sell to Investors BL
A Company’s Stock Suffers, but Mostly in Silence Norris
ACA shares have lost a third of their value since Thursday...ACA has written billions of dollars worth of insurance on the value of financial assets, and it manages C.D.O.’s on billions more
Basis Capital suspends yield fund Financial Standard
...disruption to the global structured credit market had created difficulties for the fund and that it had to deal with liabilities to its financiers.
Financial shakeout in progress MoneyWeb
Former US Federal Reserve Chairman Alan Greenspan had a golden rule. Every seven years something financial blows up, as shown by history.
Quarterly Review and Outlook: Second Quarter 2007 Hoisington
China Is not the Problem Asia Sentinel
Extraordinary popular delusions and the US stock market boom
More Thoughts on the "Commodity Super Cycle" & the Effects of Inflation Saville
Sometimes it’s not just a cycle Hutchinson Mogambo
Stress test for shorting a bear market Farrell
Dollar sinking against other currencies USAT
The Federal Reserve's trade-weighted exchange index has hit its lowest point since the Fed created the index in 1973.
Overshoot and overvalued are rear view mirror terms BS PDF
Can a dollar devaluation be avoided? MoneyWeek
Bernanke's Testimony - Fed's Forecasts Will Be Highlight of Testimony NT PDF
WTF is going on in the ABX Markets? Big Picture
No bounce in sight for U.S. home builders Globe & Mail
Banks Burned by US Sub-Prime Exposure Korea Times
The FSS said it has requested financial firms to submit data on their investments in U.S. sub-prime mortgages to check how much financial damage they incurred.
Builders huddle on slack sales Palm Beach Post
A 6-month look: Housing slide continues Union Tribune
Foreclosures keep tight grip Denver Post
For every two existing homes sold in the metro area during the first half of the year, another went into foreclosure.
NovaStar unveils deal with MassMutual, Jefferies MW
Gold bounces after dip, Tokyo launches mini-gold Reuters
Gold supply to dominate long-term price Mining MX
Goldman: Oil 'could hit $95 a barrel this year' Guardian
Glow fading on uranium prices Globe & Mail
How traders gamble with your energy dollars Boston Globe
Rising cheese prices eat into area pizzerias' dough Rochester
Refco: When Smart Money Isn't So Smart Business Week
Merrill Lynch's Earnings Climb 31 Percent on Trading Gains, Banking Fees BL
J&J Profit Rises 9.9 Percent on Consumer Products, Antipsychotic Risperdal BL
Coca-Cola Profit Increases 0.8 Percent on Increased Sales in Europe, Japan BL
Basell to buy Lyondell for $12.1 billion CNN
Dow Jones and Murdoch Said to Move Close to Deal NYT
Yahoo Second-Quarter Profit Probably Fell as Google, MySpace Took Sales B
Trade gap for US tech firms hits record AP
Senator Reid Says Senate May Act on Tax Increase for Fund Managers in 08 B
Lawsuit Says Teachers Are Overcharged on Annuities Morgenson
Hey big spender, welcome to the USA Times Online
Hirst Sells $265 Million of Art in London; Skull Still for Sale BL
Warhol Foundation Accused of Dominating the Market NYT
Lenders predict British property crunch Times Online
The CML also said that consumers would have to cut back on spending as they struggle to cope with a painful increase in mortgage repayments
UK inflation at lowest in 8 months FT
German Investor Confidence Declined More Than Forecast, ZEW Index Shows B
Investors start to shun stock market amid volatility China Daily
China to allow more insurance funds into stock market China Daily Index Surges
Carry Traders in Asia Look for Alternative Bets Mukherjee
More proof of the Rising Sun's eclipse Asia Times
Bank employees decrease for 13th straight year Asahi
Factory lines suspended after big Japanese quake AFP
Loonie hits 30-year high G&M
Funding snub leaves Metronet on brink of collapse Times Online
Yakuza set sights on new turf: stock markets Asahi
American angst grows over globalization "menace" Reuters

Monday July 16.
Dow Hits Record, Misses Milestone AP
Treasuries Rise on Speculation Subprime-Mortgage Losses Will Drive Demand B
New York Area Manufacturing Unexpectedly Expands to Fastest Pace in Year BL
The Roller-Coaster Week, and a Look Ahead Schaeffers
A Who's Who of Awful Times to Invest Hussman
Like the Clinton boom the Bush boom will also crash Jackson
Fed Isn't Boxed in by Open Windows or Dry Powder Baum
Wall Street wakes up to more risk CS Monitor
Big investors looking for higher returns may have exposed themselves to more risk than they thought.
Some advisers worry surging U.S. stocks may be 'melting up' Brimelow
Debt Investors Get Skittish WSJ (Free via Google)
Lenders and Borrowers May Need to Work Together To Keep Trouble at Bay
Brokers Wilt in Debt Market's Heat TheStreet
One debt capital markets banker said the loan commitments banks have made to private-equity firms could become an unsavory, multibillion-dollar problem.
Tech funds thrive, but reasons elusive SF Chronicle
Tax Receipts Pare Treasury Sales as International Buyers Flee BL
Shareholder “Genius” Gives Way to Professional Hustlers in 2007 Bonner
FX Trading – ChartView Monday Black Swan PDF
IMM positioning: Bearish USD sentiment extended further Danske PDF
Countrywide: “The housing market continues to soften...
...and delinquencies and defaults continue to rise”
Can Wall Street be trusted to value risky CDOs? Reuters
Housing troubles begin to snowball MSN (Fleck)
S&P, Moody's Downgrade Subprime Backed Bonds: Indymac's Response SA
Supposed safe funds may harbor subprime sludge Chicago Tribune
Clayton Holdings Subpoenaed in Subprime Probe Reuters
The subpoenas were served "three weeks ago and we were not the only ones"
No Protection for Homeowners NYT
Taking Credit's Temperature U.S. News
Risky home loans run a fever, and the market prays it doesn't spread
The worst isn't over in mortgage meltdown Union Tribune
Outlook for housing: Gloomy and likely to worsen Review Journal
Post-boom hangover lingers Herald Tribune
Reverse mortgages catch on with older homeowners LA Times
Deal or No Deal for a Home Buyer? WSJ
Gold loved by funds but safe-haven status diluted Reuters
Oil climbs above $78, closes in on all-time high Reuters
Uranium Shorts Make Record Bets Against Cameco Shares, Market Mania BL
Rising Food Prices May Give Bernanke, Central Bankers Heartburn BL
UN warns it cannot afford to feed the world FT
Ice-cream makers hit by corn price rises Times Online
Zimbabwe the loser in global gold rush Mail & Guardian
KKR Cancels $1.4 Billion Loan for Maxeda of the Netherlands on Volatility BL
BHP mulls $57bn Alcoa bid Australian
Key Bancroft Aims for a Long Shot WSJ
Second Family Member Scrambles To Stop Sale of Dow Jones to News Corp.
Mighty IPO from broker MF Global awaits MW
GDI float 'signals dotcom mania' Telegraph
Blackstone’s creative accounting scrutinized AP
Why we do what we do on eBay CS Monitor
Robin Hood Nest Egg Draws Scrutiny From Congress BL
Black's victims line up for compensation Guardian What next for 'Lord Fraud'?
Stock-Picking Computers WSJ
Buffett stakes out prez race Boston Herald
America's predominance in height has faded AP
UK Profit warnings at five-year high BBC
Highest level since the low point of the tech-led stock market crash in 2001.
Britain’s hidden property slump Times Online
60 quarters, but for how much longer? Times Online
Sterling at fresh 26-year high vs broadly weak dollar R
Yen Near Record Low Vs Euro as Investors Carry On  BL
NZ Consumer Prices Up; Currency Rises B
Australian Dollar at 18-Year High BL
The euro’s rise and rise is unsustainable Times Online
Don't get gored in CND dollar's bull run Globe & Mail
If Only Bank of Japan Governor Fukui Was Dr. Who Pesek
Perils of seeking a pot of gold at the end of an overseas rainbow King
Japanese savers have recently turned hunters. As their money heads abroad, their returns have risen
Filling the Moguls' Shoes Newsweek
Asia's family dynasties are handing the reins to a new generation—but can the kids ever live up to dad?
China poised to become third-largest economy MW
Yuan May Trade Freely After Olympics, UOB's Suan Says BL
Beijing's Olympic bubble Star Tribune
Saudi prince in China link-up Standard
Neo-China outsmarts bond market Finance Asia
Confidence Returns As RTS Passes 2,000 Moscow Times
Looking for shelter in a bear market Financial Post
British retailer opens inquiry into abuses at Bangladeshi factories: report AFP
Man indicted over share price manipulation asked to buy OHT stock Yomiuri

Weekend Edition (Jul14-15).  Key U.S. Data Releases and Events GI
Investors, don't get too comfortable. The credit squeeze is slowly tightening G&M
Worse Than Irrelevant Noland
The Bull/Bear War Rages On! Harding
The Birth/Death Ratio Mauldin
Time to Face the Music Schiff
Q2 Retail Sales - Well, At Least Prez Plosser Has Exports Kasriel  PDF
Business Conditions: In a Range Morgan Stanley
Buyers polled predict sluggish growth in second half   Purchasing.com
Michael Metz, Chief Investment Strategist for Oppenheimer & Company NBR
“I think we're almost in the mania phase.”
Challenges ahead for CalSTRS SacBee
“We are faced with global financial markets the likes of which we have never seen...Never before have we seen so much global wealth chasing so few investment opportunities."
Pressure Cooker of Inflationary Food Prices Mogambo
Research - The Global Financial Accelerator and the role of International Credit Agencies Danske PDF
Are Central Banks losing control over monetary conditions in a broad sense?
U.S. Financial Data, July 13 Issue FRBSL
Why foreign retail operations are moving in on U.S. consumers Slate
Housing sales may be worse than data show Beck
Statistics don't include incentives sellers are increasingly relying on
Foreclosure damage to be worse than expected Inman
The robbery of the century Asia Times
Hard-working Asian savers will see their central banks post billions of dollars in losses on the US mortgage crisis in the next few years...
M-Equity Withdrawal Syndrome. The 3rd Rail of the Housing Led Boom Dr.HB
Six Phases Of The Housing Bubble Mish
Mortgage Swamp iTulip
Pointing the Finger IBT
Fannie, Freddie tighten policies on subprime mortgages AP
Maui home sales jump while prices drop 9.7 percent Star Bulletin
Gold Bull Seasonals 2 Zeal
Oil prices push closer to all-time highs AFP
Basil Gelpke - A Crude Awakening Financial Sense Online (Audio)
Energy Forecast Chartbook: July 2007 Wachovia PDF
Betting on China is a sure thing. Maybe. Globe & Mail
Get ready for era of rising food prices Leader-Post
Ethanol demand sends corn prices popping G&M
He had to pay farmers almost 70% more than last year to grow his popcorn
Bankruptcy filed against biofuel maker AP
Expensive pork lures Chinese robbers AP
For Conrad Black, a Downfall Shaped by Many Battles NYT
Jurors in Black Media Trial Speak Out AP
My war with Conrad Black Sunday Times
Lord Black won't be broken National Post
Without prosecutorial power to threaten, intimidate and bully, there would not have been any witnesses at all. A victory for capitalism
Self-ruined titan might as well run Toronto Star Macleans
Ford seeks to offload Volvo in $8bn sale Times
Tribune's Los Angeles Times Has `One of Worst Quarters,' Publisher Says BL
Dubai's rival bid may scupper Nasdaq merger   Telegraph
Investors push Alcoa to opt for $50bn takeover Tmes Online
A number of hedge fund investors are demanding meetings with Alcoa executives to force the company into a deal.
Massachusetts fund to sell stocks of Sudan-related firms Reuters
Boston Scientific to end suit, pay $195m Boston Globe
Fresh fighting in battle for Dutch bank ABN-Amro AFP
With Rush To Market, ETF Expenses Drift Up IBD
How Hot Investments Burn the Little Guy WSJ
Calif. Man Charged in Alleged $45M Ponzi Scheme AP
Hillary Clinton slams private equity tax rate Reuters
Hedge Funds: Reignited debate on regulation IDEAS  PDF
Credit derivatives backlog improvement praised Reuters
The New 'American Idol' of Stocks Business Week
The waitress did it: Mary Sue Williams collects the $1 million prize from CNBC's scandal-plagued stock-picking game
Ed Mirvish had ideas Toronto Star
Over for housing? Telegraph  UK property could face 'severe crash' in 2008
Bank of America economist says 20% chance Britain's housing market will crash
Homeowners feel squeeze as rates rise Times Online
Bank of Scotland and Birmingham Midshires increase rates
China & India: Fabled Cost Edge Wanes ZDNet Asia PDF File
China Fights Back, Goes After U.S. Meat AP
Suspends Imports From Major U.S. Meat Processors; Move May Be Retaliation
Japan: Aging Will Suppress Wage Growth Until Morgan Stanley
Soaring dollar brings a change of fortunes Australian
Households Exposed to Greater Debt Risks Korea Times
Dubai World eyes real estate acquisitions in US and Asia The Peninsula
Bear's best friend: An ETF to profit from bad times ROB
It's clear that many Canadian investors are worried about a serious pullback.
Perfect World launches Nasdaq IPO at a discount Finance Asia
Rosneft Wins More Yukos Assets in Auction Moscow Times
Starbucks closes Chinese palace outlet China Daily
McDonald’s to sell porkburger in Japan Japan News
Shop till you drop at Ikea ... then sleep over in the store AFP
10% of workers 'thought of suicide' Asahi
Zimbabwe mulls inflation data blackout for one year Newzimbabwe

The two sides of Wall Street are pulling apart Telegraph
The Dow soars to record high, despite the worst turmoil in credit markets since dotcom bust. Why? ~  Margin Debt Drives The Market Mish
The market's up, why aren't we? SP Times
European Gov. Bonds Post Weekly Gains on Subprime Mortgage Weakness B
U.K. Pound Gains for Fifth Week on Outlook for Higher Bank of England Rate B
Bid hopes lift shares to a seven-year high Times Online
Germany's stock market, the DAX, hit an all time high on Friday Spiegel
ast time it set a record, it promptly crashed. Will the same thing happen again?
HSI leaps past 23,000 and into new territory Standard
Weekly Focus - weeks 29-30 Danske PDF

Friday July 13.
Conrad Black Is Found Guilty of Hollinger Fraud, Faces 20 Years in Prison BL
Whole Foods' Mackey subject of SEC inquiry, WSJ says MW
U.S. stocks continue record rally MW
Buffett Rumor Lifts Builders Street
Dollar-euro? It's the yen, stupid CNN
Iran Asks Japan to Pay Yen for All Oil It Purchases, Starting Immediately BL
Confidence of U.S. Consumers Rises More Than Forecast BL
No Fear Left On Wall Street Minyanville
Retail Sales Fall Most in 2-Years BL Census -  Oil boosts import price index
Confidence Drops to Nearly 1-Year Low AP
The Mr. Magoo Market Comstock "This is a bullshit rally!" Big Picture
Bubble Morphology: Welcome to the 2007 Summer Rally Nystrom
CDOs Lose Their Marbles; Credit Cries `KerPlunk!' Gilbert
Market Watch: CDO Uh Oh -- A Day Too Late EW
Warnings! Money And Markets
I believe the next five to six months will harbor nightmares for the U.S. economy so profound that they will impact each and every one of us.
No irrational exuberance in sight Hulbert
Where the markets are going (and why you shouldn’t care) ARP  PDF
Utter Worthlessness From Chicago Fed Calculated Risk
Euro hits $1.3811 vs. dollar after weak retail sales MW
FX Trading – Enjoy, but one-way bets deserve care Black Swan PDF
Is the puny dollar a sign of America’s decline? Times Online
Is the Negative Savings Rate A Negative for the Economy? WSJ
A tamed US deficit, but can it last? CS Monitor
Another pounding Economist
Problems in America's housing market begin to undermine confidence in the global credit bubble
U.S. Urges China to Buy Mortgage Securities Amid Subprime Woes BL
S&P cuts $6.39 bln in mortgage-backed securities MW S&P
S&P admits sloppy subprime review Reuters
“The market's been so sensitive to the subprime issue...It doesn't help when S&P is changing their numbers."
Fitch May Downgrade Bonds Tied to Subprime Mortgages NYT (BL)
AAAsking for trouble Economist
Not all triple-A ratings inspire total confidence
General Electric Plans to Seek Buyer for Three-Year-Old Subprime Loan Unit BL
GE's financial adviser Morgan Stanley will explore a sale of the unit in the “next couple of months''
National Housing Horror Gets Gorier Dorfman
Subprime mortgage debacle leading to cascade of lawsuits AP
Will it be harder to get credit? CS Monitor
The problems of subprime loans hint at broader risks in financial markets.
Lenders set to foreclose on 1.8m borrowers Times Online
Half price home sale in Florida YouTube Video
Should home sale prices stay secret? Bankrate
Top Homebuilder Short Squeezes TheStreet
Gold near 5-week high, Tokyo platinum hits record Reuters
Exploding metal prices indicate a one-off 'super-cycle' Telegraph
Rio's Albanese Says Competition for Metals Drove Alcan Purchase BL
Alcoa: “...at this price level, we have more attractive options for delivering additional value to shareholders”
Rio bets the house on China boom Australian
Copper boom creates housing crunch Arizona Republic
Beijing quits pipeline, blasts Ottawa G&M
Rising cost of corn and wheat to hit UK consumers, manufacturers & farmers Del
Banks, brokers pay higher price for volatility FT
The greatest economic boom ever Fortune
These days more and more CEOs are livin' la vida BRIC
Pooh-Poohing Private Equity Cramer
“They seem like they could be the next big thing, but the truth is they're the last big thing” Four Princes of Private Equity Speak Out US News
Blackstone Founders May Avoid Paying Taxes on Gains From IPO BL
Fang, Goldman's Partner in China, Plans $790 Million Private Equity Fund   BL
Energizer to Buy Playtex for $1.2 Billion in Cash, an 18 Percent Premium BL
Target soars after report of Ackman stake Reuters
Samsung Posts Lowest Profit in 4-Years as Chip Prices Fall BL
Is Icahn Eyeing Samsung? Forbes
Christie's First-Half Auctions Rise 30% to 1.61 Billion Pounds BL
Amaranth Sued Over Claims Of Gas Price Manipulation Dow Jones
Oil Tanker Runs Aground Off NYC AP Sea piracy rises around the world
ECB demotes money supply in inflation forecast FT
European Currency Hits All-Time High against the Dollar Spiegel
Politicians say there's nothing to worry about, but German industry isn't so sure.
Kensington: Bad debts set to rise Telegraph  All set for a housing slowdown T
Emerging Markets: Long In The Tooth? IBD
In order to soak up liquidity, China to issue 110-120 bln yuan in 3-yr bills AFX
Broken China Business Week
Beijing can't clean up the environment, rein in stock speculation, or police its companies. Why the mainland's problems could keep it from becoming the next superpower
China Not Sole Source of Dubious Food NYT  Beijing’s buns include cardboard
China: The One-Child Policy Dilemma Outside The Box
Hot money influx is 'cooling down' China Daily
Perfect World launches Nasdaq IPO Finance Asia
Japan Investing: Sending Yen Overseas Business Week
“Everyone, including the housewives in Tokyo, expect the yen to weaken."
Canadian Central bank sees inflationary pressure mounting G&M
Brazil Files Broadest-Ever Attack on US Farm Spending With WTO Complaint B
Trading on America’s Future CFR
Thieves steal nearly $300 million from Baghdad bank Reuters
As well as 220 million Iraqi dinars
House votes to pull troops out after Iraq report AP

Thursday July 12.
Dow surges 283 pts to record highs MW
Dow sees best performance in nearly 4 years
The last word on gold... Russell
U.S. Trade Deficit Widened 2.3% to $60 Billion B  Census -  JClaims Down
Stores Post Lackluster Sales in June AP CEO Confidence Declines CB
Fed Plosser: Consumer Spending, Exports Are Cause for Optimism Kasriel
U.S. FDIC chief looking at banks' CDO exposure Reuters
Will Stocks Feel Subprime Sting As Debt Ratings Are Cut? Dow Jones
Saudi Arabian stocks now interesting, but shun debt risk! Faber
Dollar faces growing threat from toxic debt Telegraph
FX Trading – Carry-trade Exodus Avoided … So Far Black Swan PDF
Markets on alert as junk bonds are mauled Telegraph
We are entering "historically dangerous territory" for the markets; the sudden tightness in bonds was similar to conditions in autumn 1987, a month before the crash, and again just before the 1991 recession and the dotcom bust
Debt Market Woes: ARMs Are The Next Shoe To Drop Seeking Alpha
After the credit binge, markets fear the crunch is on the way Times Online
Australian hedge fund ‘tightens gate’ on withdrawals FT Alphaville
Warned investors on Wednesday that it could restrict withdrawals to ensure its survival as it reported losses of 14 per cent in one fund in June.
Greenspan "conundrum" unravels as bond yields rise Reuters
Federal Reserve Bank of St. Louis Review - July/Aug FRBSL (170pgs) PDF
Home foreclosures drop in June Reuters
But they remain 87 percent above last June's pace
Drop in home sales, prices forecast to persist into '08 LA Times
The NAR reduced its sales forecast for the seventh consecutive month
Fitch Sees Rising Shakiness In Commercial Mortgage WSJ (Free via Google)
Mortgage Worries Hit Alt-A Market AP
The Effects of a Declining Housing Market on the U.S. Economy Levy PDF
Southern California Housing Slump -- Part II EW
New cash idea for homeowners CS Monitor
Economists Watch for Housing to Weigh on Spending WSJ Blog
Mass Mutual Mulls NovaStar Financial Deal TheStreet
The form the bailout might take is unclear
Home builders drowning in losses, subprime fallout MW
NAACP hits subprime lenders with class action suit Reuters
Martha Stewart, KB Home Lure Buyers Despite Housing Slump WSJ
Gold creeps up near 1-month high as dollar dips Reuters
Oil Rises Above $73, Near 11-Month High, as U.S. Supply Drops BL
Rio Tinto agrees to buy Alcan for $38 bln Reuters
Porky Iowa, Texas Lead the Farm Subsidy Pig Out BL
Biofuels Boom Results in Pricey Pasta Spiegel
Milk price could rise 25 per cent Brisbane Times
Energy for China Economist
More diversity of supply, but demand is growing fast
Finance committee walking on thin ice Crudele
Blackstone, Apollo Pay Record $8.4 Billion Fees as Leveraged Buyouts Boom BL
Quebecor scrubs bond sale amid U.S. debt jitters Globe & Mail
Deepening subprime mess has sideswiped a rash of junk bond issues
Bondholders gearing up to sue BCE: source FP
Leveraged buyout would relegate bonds to junk status
The Softer Side of Sears Slate
Wal-Mart to Prosecute Young Shoplifters AP
S.E.C. Can Sue Hedge Funds SEC
Iffy iPhone Call Spurs Analyst Catfight TheStreet
Whole Foods CEO Cops to Message Board Posts TheStreet
Global 500: The world's largest corporations Fortune
For Parking Space, the Price Is Right at $225,000 NYT
Germany, France at odds over euro exchange rate AFP
Yen slips after BoJ holds rates FT
Come Back Koizumi -- All Is Forgiven After Abe Pesek
Japanese corporate failures rise 6.4% in 1st half of 2007 Kyodo
Beware Beijing's hand in the stock market Asia Times
China forex pile at US$1.3 trillion Standard Chinese IPOs FT
Interest rate hike likely this month China Daily
Chinese buyers beware Fortune
Product recalls have sent U.S. consumers running from anything labeled 'made in China,' but for Chinese consumers, it's business as usual
“Debt Time Bomb” Set to Explode in United Kingdom Trumpet
Banks stop the flow of covenant-lite credit Times Online
Canada's housing market keeps on booming Globe & Mail
Why Is the Housing Sector in Canada Not Pulling Down the Economy as It Is in the U.S.? Global Insights
Junking a Baht Idea WSJ (Free via Google)
The role of hedge funds (II) Yam
Zimbabwe price crackdown moves to Mugabe heartland Reuters

Wednesday July 11.
Bulls Fiddle as Junk Bonds Burn TheStreet
Motorola Has Loss as Sales Miss Forecasts for Third Time, Customers Defect B
Senators tackle tax treatment of fund managers MW
Pound Rises to 26-Year High Against Dollar on Rates, Subprime Concern BL
ECB says euro surge no cause for alarm FT
Alt-A: The New Home of Subprime? Calculated Risk
Fed's Warsh says no systemic risk from subprime Reuters
Fed's Plosser sanguine about housing MW Speech
Pessimism on U.S. Stocks Rises Most Since 04, Survey of Newsletters Says B
Government Bonds Rise Around World on Demand for Safest Assets BL
Continent undercut by U.S. housing, dollar MW
Corporate Bond Risk Soars Most in 3-Years on Subprime Debt Downgrades BL
“The goldilocks scenario for credit markets is definitely over”
2Q07 Rebound, Third Quarter Relapse, Fourth Quarter Rate Cut? Kasreil  PDF
Are Business Births as Rosy-Cheeked as BLS Says? Baum
North American Outlook: Shakin’ Off That Ol’ Ball and Chain BMO  PDF
Dollar sinks in U.S. subprime, credit quicksand Reuters
Dollar takes a pounding as credit fears widen Telegraph
IMM positioning: Bearish USD sentiment Danske PDF
FX Trading – New Credit Religion Rising in the Land? BS PDF
Hedge funds are short-selling the S&P 500 by the most in three years BL
Is that a triple-top forming in the stock market? Hulbert
Crack-Up Boom, Part V: Introduction Andros
It's Bigger Than Just the Dollar!
Why is housing falling nationally when the economy is booming? iTulip
Putting our economic problems in perspective Stelzer
In Economics Departments, a Growing Will to Debate Fundamental Assumptions
Mortage Demand Climbs Despite Rate Surge Reuters
Roof Caves In NYP
Schiff: “This is a disaster. I fear that this is going to be worse than the dot-com bubble. That was just a warm-up. This is the main event."
Bloomberg: “More than a few investors would like to know what took the New York-based rating companies so long to discover a U.S. liability of Iraq-sized proportions.”
Financial Times: “S&P believed that, even under catastrophic scenarios in the housing market, the senior tranches of MBS would not be hit. But investors would like more details on how it reached that conclusion.”
Dow Jones: “More than half of the mortgage-backed securities downgraded Tuesday by rating agency Moody's Investors Service are tied to home loans originated by units of...”
Moody's Lowers Ratings on $5.2 Billion of Subprime Bonds, S&P May Follow BL
Standard & Poor’s fears credit crunch Times Online
The ratings agency predicted house prices in the US would plunge 8% this year
The Subprime Mortgage Market S&P Updates Page
Hedge funds find the golden lining to subprime cloud FT Alphaville
Bear Stearns' Collateral Damage Business Week
Money manager Jeffrey Epstein, BNP Paribas, and other investors are mired in Bear's troubled hedge fund that bet big on subprime mortgages
Wolseley shares fall amid sub-prime chaos Times Online
State to refinance troubled mortgages Boston Globe
One of the first such efforts underway around the country, the Massachusetts plan has an unusual edge to it: officials said they would use hardball tactics to force lenders to take a financial hit...
"No-documentation" loans being limited Denver Post
Twin Cities housing slide picks up speed Pioneer Press
American Home Mortgage lays off hundreds Newsday
NAHB Says Massive Housing Downshift Will Improve In 2008 Realty Times
East Coast, West Coast Markets Shrug off the Housing Slowdown WSJ
26 indicted on mortgage scheme CNN
Australians Snub New York Offices, Find Value in Mineral Wells BL
This year, Australians purchased $7.7 billion of U.S. real estate, or $2.2 billion more than they acquired during all of 2006
Average gold price seen up 10 percent in 2007 Reuters
Private equity ready to target big miners: report Reuters
OPEC can do nothing about high oil price: Qatar Reuters
Strikes at Chilean mines send copper prices sky-high AFP
Speculation raises heat for energy derivatives FT
Some industry experts say the size of trades carried out by hedge funds have altered the dynamics...
Price of new power plants rises sharply IHT (NYT)
U.S. Congress eyes private equity, hedge fund titans Reuters
In three separate hearings on Capitol Hill, lawmakers are expected to ask whether these secretive and super-rich financiers pay enough taxes...
Mr. Kravis Goes to Washington (Capra Rolls Over) NYT
Buyout Firms' Tax Rise Wouldn't Hurt Workers, Pension Funds Say BL
Dow Jones meets investors on alternate bid: source Reuters
Toyota Needs Discounts for Tundra Goal, Press Says BL
Dell: 'Long way to go' Reuters
Chiquita Hopes for Less Tumultuous Year AP
U.S. airlines may face huge plane bill USAT
Judge tells stalled Black jury to resume deliberations CBC
Inquiry into suspicious trading of ABN shares Times Online
Oppenheimer Has Heart of Stone, Ethics of Putty TheStreet
Ex-workers eyed as suspects in threats against Goldman AP
Subpoena delivered to ERHC Houston Chronicle
Wuffli's Exit Is Lesson for Banks, Hedge Funds BL
Little Guy Has Little Recourse Newsweek
Pink Sheets runs new investor warning system up the flagpole MW
Buffett makes a bomb on the NZ dollar Independent Financial Review
Top George Soros Stocks With Insider Buying TheStreet
Japan Should Diversify Reserves, Abe Adviser Ito Says BL
Japan Current Account Surplus Widens; Weak Yen Boosts Investments BL
Japan's Consumers Are the Most Pessimistic Since 2004 BL
Interest rate hike likely this month China Daily
China: The Myth Of Wage Inflation BCA Research
Shenzhen flats curb Standard
Mainland private equity deals fall 83% South China Morning Post
As Hugh Hefner Hits Macau, the Fix Really Is In Pesek
First-time buyers forced to take on record debt Telegraph
Moneysupermarket founder to cash in £127m Times Online
Insider Trading Infects Brazilian Stocks as Leaks Precede Every M&A Deal BL
Russia Puts Energy Importers Over a Barrel Yale Global
Baht to Gain as Rate Cuts Spur Stock Demand, UBS Says BL
Economy risks hard landing IFR
Three international financial analysts, Citigroup, Standard & Poor’s and Moody’s, are warning New Zealanders to buckle up and prepare for a hard landing...

Tuesday July 10.
Crude futures trade near the day's high of almost $73 MW
Bernanke: Inflation Expectations Still Remain `Imperfectly Anchored' B  Speech
Euro hits record against the dollar FT Gold touches three-week high
PKN postpones bond issue on volatile market -lead Reuters
Handicapping housing's recovery Fortune
Bank of Canada Raises Rate, Says `Modest Further Increase' May Be Needed B
Corporate Bond Risk Rises Most in Four Months on Concern Earnings to Fall BL
“Subprime Sublime?!� Saut PDF
BLS "Phantom" Workers Now Account for 56% of Payroll Increase Kasriel  PDF
U.S. small business owners outlook sours in June Reuters
Will Japan Destroy the Yen to Save the Dollar? Schiff
Unstable System Money  A Demon of Our Own Design Amazon
Bookstaber warns that markets could topple at any moment. He ought to know.
World's central bankers show moderation, avoid economic derangement DeLong
The Same Old Shortcomings Panzner  Hook
S&P May Cut Ratings on $12B of Subprime Bonds BL
Home Depot cuts 2007 earnings outlook, cites housing Reuters
Home-improvement retailer sees adjusted EPS falling 15% to 18%
D.R. Horton 3Q Sales Orders Skid 40% Dow Jones
CIBC's subprime exposure in the spotlight Globe & Mail
Housing May Not Snap Out Of Slump Soon Beck
Mortgage resets: Record bill coming due CNN
When markets turn murky Boston Globe
Bought a house recently? You're losing money MoneyWeek
Hedge fund Moore Capital takes Beazer Home stake Reuters
Gold off high before Bernanke, oil supports Reuters
Oil experts see stormy weather ahead Telegraph
The International Energy Agency has predicted a supply crunch in the world's oil markets that could send prices soaring and place a severe dent in global growth.
Canada's oil boom has legs, IEA says G&M
Refinery woes shoot gas prices up USAT
Wheat shortage threatens price of loaf Times Online
Sears Says Second-Quarter Profit Will Fall as Sales Decline; Shares Drop BL
Junk-rated loans hit new lows FT
The fall in prices is significant for banks and private equity firms preparing to launch new debt deals after recent buy-outs...
Bell bid could have been higher FP
Providence Cites Junk-Bond Turmoil
End of the Party? Business Week
Investors have grown leery of "toggle" notes and other high-risk debt. That may slow private equity's buyout boom
Citigroup chief stays bullish on buy-outs FT
Fewer hedge funds under SEC watch LA Times
Air Liquide Shares Advance on Speculation About Possible Offer From KKR BL
Shareholders OK Huge CBOT, Merc Merger AP
Google in new challenge to Microsoft Times Online
Apple plans cheaper, Nano-based phone Reuters
Topps spurns Upper Deck offer Union Tribune
BP freezes payments to Browne Guardian
Steel Partners appeals Bull-Dog takeover defense ruling to top court Kyodo
Is Jimmy Cayne spending too much time on the golf course? NYP
Police have picked up fugitive financial scammer Michael Berger... NYP
...five years after he fled New York to avoid jail time for covering up $400 million in losses in his hedge fund.
Investors call for clarity on stock lending FT
'Lazy Portfolios' 2Q update (still winners!) Farrell
Benjamin Graham’s Lost Magic Formula in 1976? GuruFocus
Emerging-market stocks hit highs LA Times
Records were set Monday by key stock indexes in Egypt, India, Indonesia, South Africa, South Korea and Turkey, among other markets.
Bankers warn of emerging market bond bubble Telegraph  PDF File
The once-shunned bonds of emerging markets have drawn in a wave of "hot money" during the past three years from hedge funds, as well as from Japan's legendary grannies...
Emerging club mixes cocktail of high gains FT
The Uptrend In Emerging Market Equities Is Not Over BCAR
Emerging Currency Volatility Premium Drop From High BL
“People are happy again to put on more risk and invest in emerging markets�
China's Trade Surplus Soars to Record $26.9 Billion, Fueling U.S. Tensions BL
Can We Live Without Chinese Goods? Korea Times
“...there's no way you can live anywhere near a normal life without buying things from China.�
A Year Without "Made in China": One Family's True Life Adventure in the Global Economy Amazon
China's online spending to rise 32 pct in 2007 Xinhua
China, India to head rise in Asian IPOs FT
Companies in Asia excluding Japan are planning to launch IPOs with a total value of $47B in the 6-months ending December, up 37.8 per cent...
Another Chinese retailer prices IPO at the top Finance Asia
China executes ex-food and drug chief USAT
Strongest signal yet that it is serious about tackling its product safety crisis.
Yen rallies as risk exposure cut FT
Re-Examining the Yen (Part 2): Prospects of Weaker Yen Alliance Bernstein
BOE's Gieve:Inflation Now Coming Down 'Quite Sharply' -Report Dow Jones
Record first half for UK private equity Deloitte PDF
Darling's first budget to target private equity as public sector pay is squeezed Gu
Australia: Bankruptcies on the rise, figures show News.com.au
HSBC says Indian stocks set to fall Reuters  The Sensex story:1,000 to 15,000!
Russia to begin China oil pipeline in 2008: minister AFP
US inquiry into BAE to target Thatcher Government Times Online
Polish coalition close to collapse FT
1,300 arrested in Zimbabwe prices crackdown AFP
In Kim's North Korea, Cars Are Scarce Symbols of Power, Wealth, VIP Status B
Report: War costing US $12B a month AP Official: Iraq gov't misses all targets

Monday July 9.
Alcoa profit falls nearly 4% while sales rise MW
Treasuries Rise First Time in Four Days on Subprime Concern BL
U.S. Stocks Gain, Paced by Alcoa, Intel; S&P 500 Index Rises for 5th Day BL
May consumer credit rises $12.9 billion Reuters  FED
Interest Rate Intuition Hussman
The effect of interest rates on stock valuations is vastly overrated
Economy's Rebound May Be Bumpier Than Fed Expects as Credit Tightens BL'
'Tighter credit appears to be spreading beyond the mortgage market.''
The bear market in U.S. Treasuries is just getting started BL
Treasury Yields Hold Near Two-Week High Before Bernanke Speech BL
Skyrocketing returns might foreshadow a bubble USAT
Bubbles and manias are great good fun before they burst
Perfect recipe for swings between greed and fear FT
Fears crawl into minds of investors Chicago Tribune
Moody’s slams private equity FT
Boiler-maker Baxi feels the chill winds of credit crunch Telegraph
Owners BC Partners and Electra have told lenders the company is about to breach the terms of its loans, but asked them for a reprieve.
Debtor Nation Harvard Magazine PDF
The rising risks of the American Dream, on a borrowed
U.S. Heading For Financial Trouble? 60 Minutes
Comptroller Says Medicare Program Endangers Financial Stability
Financial engineering and a possible financial accident - what is the connection?
US Dollar Trouble, Chinese Stocks and Other Causes of a Market Crash Bonner
Why a Housing Recovery Is Far Off Barron’s
As long as buyers expected prices to keep rising, the implied real mortgage rate -- home-price increase minus mortgage-interest rate -- was minus 4.8%. This was an enormous incentive to borrow heavily to buy real estate. Result: a bubble.
Subprime CDO Losses Could Reach $52 Billion, Credit Suisse Says BL
Underwater ARMs? Big Picture
Why Haven't Home Construction Jobs Disappeared Berry
Subprime fallout wafting toward Wall St. Star Tribune
Should Wall Street be legally responsible for bad subprime loans?
Transforming the Definition of Income and Wealth Dr. HB
Where to Invest If Your Home Equity Evaporates BL
Increasing Rate of Foreclosures Upsets Atlanta NYT
Atlanta’s surge in foreclosures offers a glimpse of what experts fear may be in store for other U.S. cities.
Investors: Few deals at foreclosure auction Miami Herald
Don't lose your head, or your shirt, as valley home foreclosure auctions take off
Big Island home prices dip Star Bulletin
Hotline aims to prevent foreclosures Arizona Republic
Banks feel the backlash as buyout conditions worsen Financial News
7 out of 10 of the biggest leveraged buyouts have yet to be financed...
The $300 Trillion Time Bomb Portfolio
Nymex seeks full OTC regulation FT
Investors ignore accounting scandals MW
LTCM’s Merton says better financial controls encourage risk-taking Reuters
Merton declined to forecast possible crises in global markets
Lexmark lowers outlook, shares tumble CNN
Hexion increases bid for Hunstman to $28 a share MW
E-Trades Imperil The Floor NYP
LaBranche to Review `Strategic Alternatives,' Expects Second-Quarter Loss BL
Toshiba Says Kazakhstan May Invest in Westinghouse CNBC
Sony sparks price war with PlayStation 3 cuts Times Online
Thames River eyes shipping derivatives market Reuters
Street Dogs: Warren Buffett on efficient market theory Business Day
Are you investing in terrorism? MSN
Gold futures rise, supported by soft dollar MW
Gold to suffer on US uncertainty MiningMx
Copper eyes $8,000/t on strike, lead hits high Reuters
Oil May Hit $90 A Barrel NYP
Gold bug betting that lightning can strike twice Toronto Star
Scrap Metal: A Hot Commodity Seeking Alpha
Metal money luring thieves in odd ways CanWest
China's stockmarket at a turning point, analysts say AFP
Bull in a China market Brimelow
Commentary: Despite the chaos, why nothing's been broken yet
PBOC in policy step away from bubbles Standard
Hey Hillary, Has China Got an Issue for You! Pesek
China Should Speed Up the Yuan’s Rise Far Eastern Economic Review
Strong offshore demand for renminbi bond Finance Asia
Japan's Machinery Orders Rise More Than Expected BL
Ever-popular carry trades send yen to fresh troughs Reuters
Japan Bank-Lending Growth Is Slowest in 15 Months BL
Japan: Shares finish at 7-year high ~  Australian stocks close at record high
European leveraged finance market 'unsustainable' FT
Almost 80 per cent expected the bubble to burst in 6-12 months’ time.
A reminder to Mr Darling as sterling keeps on rising King
Finance rejects common currency G&M
Alberta finds itself in astonishing situation Calgary Sun
Lex: Vietnamese market FT
Banks, Brokers Aren't Ready for More Globalization, Survey Says BL
M&S set to reveal a slowdown Times Online
Source: A leading DIY chain has more than 30,000 pallet loads of barbecues and garden furniture left unsold – enough to fill Wembley stadium
Gazprom: how we will be first trillion-dollar firm Times
Libya to open up gas fields to foreigners AFP
Iran oil capacity seen at risk Reuters
The sinking, shrinking Dead Sea Toronto Star
Breaking locks on the pillars of finance Rogoff

Markets exceed modest expectations CS Monitor
Among 18 types of diversified US stock funds tracked by Lipper, only one – dedicated short bias funds, which thrive in bear markets – lost ground.
Profit Strategy: Set the Bar Low, Leap Over WSJ

Weekend Edition (July 7-8).  Key U.S. Data Releases and Events
The Spooky Echoes of '87 Business Week
A famed Wall Street strategist says he's haunted by today's parallels to the bust 20 years ago, even knowing history is no guide.
Where is the Real Risk in the Subprime Debacle? Mauldin  PDF
Monopoly Noland
Dog days of summer State Street
IPOs Hit a Record In First Half! Harding
The Endgame For Risky Assets? BCA Research
The Roll-Up is gone, Roach Motels are bigger, and the Sheeple still feed the wolves iTulip
On borrowed time: markets stare into abyss Sunday Observer
Doomsday ahead, author claims Financial Post Amazon: Juggling Dynamite
Why the Yield Curve Is Pointing to Cash NYT
Risks in Perspective Lord Abbett
Crash course in too much leverage SMH
Junk investors demand more risk protection MW
As 'China effect' reverses, inflation threatens Telegraph
Dry market is showing signs of turning upwards again Compass Maritime PDF
Subprime risks come home to roost for hedge funds Reuters
Some managers have resisted accepting market views on their assets, claiming declines represent short-term market volatility...
Mortgage Mess Shines Light on Brokers' Role WSJ
Barclays looks to exit sub-prime lending as FSA sounds alarm Telegraph
Commercial property cracks start to show Telegraph
Move by Standard Life will spark fears that a wall of money chasing the sector's high recent returns could switch direction and turn into a run on the asset class.
The Implode-O-Meter is being sued
Global Gold 3 Zeal
Gold: The Fundamental Rules Ash
Dubai gold sales value up by 34pc in summer The Peninsula
Commodity street faces tough times Business Standard
Petrol 'to break through £1 a litre' Guardian
Farm bill battle looms over crop subsidies AP
Meltdown Didn’t Hurt His Golf Game NYT
The near-meltdown of a hedge fund managed by Bear Stearns does not appear to have interrupted the golfing habits of its chief executive, James E. Cayne.
KKR's Asset Bloat, Builders' Value, Greenlight Caution BL
More than half of the $59.7 billion in capital that the New York-based firm raised from investors in its 31-year history was received since October 2005...
Teachers plans record sale of junk bonds to fund deal G&M
Will make Canadian history as high-yield notes expected to bring in $12.4-billion
ICE seen at risk of overpaying if raises CBOT bid Reuters
Squeeze play at Topps Chicago Tribune
Budweiser launches in India AP
Parmalat lenders 'were left unscathed' FT
Congress still follows the money Jubak
Wealthy Stake $25 Million in a War With the Sea NYT
China's forex company to officially open in September Xinhua
Why Japan Should Have Its Own Sovereign Wealth Fund Jen
Rice: China "could play fairer" on trade Reuters
Yen Falls to All-Time Low Against Euro, Drops Versus Dollar, on Rate Gap BL
Japan is hitching a ride with China Telegraph
Why shares in UK plc are falling Times Online
Fundamentals come second in soaring market Australian
Kazakhstan's banks pursue risky strategies Finance Asia
Fitch says the aggressive growth strategies may pose credit risks.
Vietnam ‘a better bet than China’ Times Online
Vietnam: From Catfish to Computers Business Week
Swiss Government Not `Troubled' by Franc's Drop, Leuthard Says BL
Estate agents angry at Tesco property website Times Online
Gang leader arrested over tycoon's revenge attack AFP
Zimbabwe Announces Price Cut Law AP
The Kremlin Flexes, and a Tycoon Reels NYT
'Nuclear Renaissance Increases Terror Risks’ Spiegel  PDF File

Weekly Trends Scotia Treasury Note Yields Climb Most Since March 2006 BL

Friday July 6.
Stocks post strong weekly gains, led by techs MW
Dominion 2Q Home Sales Fall 42 Percent AP
Florida foreclosure future shock CNN
The Risk in Mispricing Risk Minyanville
Revisiting US$80/bbl? Morgan Stanley
Hedge fund financing FT
Goldman Sachs targeted with death threats CNN
Oil Rises Near 10-Month High on Concern Unrest in Nigeria to Curb Exports BL
U.S. Payrolls Rose 132,000; Unemployment Rate at 4.5% BL BLS - Ts Fall
Second half could be struggle due to uncertainty FT
U.S. Stock `Correction' Forecasts Reach 10-Year High BL
Investor Jim Rogers says sell Wall Street banks Reuters
Heisley thinks the party is about to end TheStreet
"I've been doing this for 30 years, and this time it's no different"
The beginning of the End? Absolute Return Partners PDF
Rich U.S. investors' outlook dimmed in June-survey Reuters
Finance-Worker Confidence Takes a Plunge CFO  Hudson
Yellen Says Fed's 5.25 Percent Rate Will Encourage Growth, Slow Inflation BL
Subprime contagion? Fortune
Ohio's attorney general is investigating the role that credit-rating agencies like Moody's played in rubberstamping dicey bonds
The Ecology of Toxic Mortgages Huffingtonpost
Credit crisis to worsen as banks cut and run FT
Some say that the current troubles in collateralised debt obligations are a sneak preview of what the next broad-based downturn in markets might look like.
It’s not only h-funds playing the CDO lottery FT Who’s holding the bag? Mish
Garbage Bonds & Bonfires Willie 5-Things You Need to Know About Stagflation
U.S. Financial Data, July 5 Issue FRBSL
Why a Dollar Depreciation May Not Close the U.S. Trade Deficit FRBNY  PDF
Meritage says preliminary quarterly orders fall 28% MW
Tentacles of the Housing Recession Beginning to Strangle the Consumer Kasriel
Foreclosures soar, casting a pall over real estate OC Register
$5 Trillion in Housing Wealth Gone: The Impact of the Bubble Bursting Dr.HB
Subprime crisis to temper demand for collateralized debt Standard
Subprime Lender Option One Loses Credit Line OC Register
Takeover Rumor Lifts NovaStar TheStreet
Redemptions claim Braddock's Galena hedge fund Reuters
Reports that losses in subprime mortgages were wreaking havoc with hedge funds, especially last month  AP7 Reveals Investment In Collapsed Funds
Hedge funds face subprime 'haircut' FT
Fannie and Freddie ride again Economist
The subprime mess provides an opportunity for Fannie Mae and Freddie Mac to salvage their reputations
Silent culprit in mortgage mess: Wall St. Denver Post
Goldman sale signals end of the office party FT
News of the two deals is likely to raise questions over whether other foreign investors in German property are heading for the door.
Homeowners bear brunt of latest interest rate increase Independent
The squeeze on consumers as a result of the latest rise could be more severe than in the past
Home truths Economist
Talk of a housing bubble in China and other parts of East Asia is much exaggerated
Latin America's real estate Panamania Fortune
Once a sleepy Latin American capital, Panama City has become one of the world's hottest real estate markets. How long can the fever last?
Yield spread premiums can bite you CNN
Watch out that the loan isn't more expensive than it looks.
M&A Market Strong But Debt Concerns May Curtail Activity IBD
Congress Examines Hedge Funds Next Week AP
KKR: The Barbarians are through the gate Telegraph
Blackstone, KKR, other private equity firms slug it out on Wall St. AFP
Private equity's strengths and its increasingly apparent weaknesses Economist
Advanced Bids $75 for Bausch & Lomb, Topping Warburg Pincus Offer BL
UBS Ousts Chief Wuffli BL  Why ousting caught UBS chief by surprise FT
Nelson Peltz resigns as CEO and chairman of Triarc AP
Raines Sues OFHEO Over Stock WP
Black fights to keep $35m Palm Beach mansion Guardian
Indicted CFO: PwC Knew We Backdated CFO
Blow for DoJ in bribery hearing FT Apollo: SEC Won't Take Action CFO
Never-ending Story: Enron Botches Payout CFO
China's newest export: lawsuits Fortune
Men with a lot of testosterone make curious economic choices Economist
Contrarian analysis more bullish about gold Hulbert
Corn, gold prices no longer at top of heap Seattle Times
Oil Prices Inch Up Near $72 a Barrel AP
Riding the Energy Bull BCA Research
Nestlé chief fears food price inflation FT
Global sugar glut crushes CSR hope Australian
NEC Pushes Plastics Made From Crops Business Week
Uramium resistance and more... FP
Growers riding blueberry mania AP
GAO warns of cheese price manipulation; cheddar up 67% Baltimore Sun
In London’s Financial World, Carbon Trading Is the New Big Thing NYT
Newmont Hedge Free AP
Asia ends mostly higher in late rebound MW
Shanghai stages biggest one-day gain in six months
How Bonds Could Scuttle Asia's Stock-Market Boom Pesek
Tokyo Mom and Pop Investors Sell More Yen Than Chicago Traders BL
Worrying about a crash Economist
East European economies are still powering along—but the region is ill-prepared if the weather turns nasty
Interest rates head for 6% by year’s end FT
Canada: Personal bankruptcies on rise G&M
A reality check: Why the government's CPI calculations don't add up G&M
Guess which country's market is now a Carnival for investors G&M
Bridgecorp takes 'bunny money' before collapse NZ
Owes about half a billion dollars to 18,000 investors
Bridgecorp battering confidence   Waikato T Bridgecorp auditor saw wreck risk News
The role of hedge funds Yam
China, the Philippines, and U.S. Influence in Asia AEI
U.S. recalls Chinese-made products for children AP
Global warming threatens alternative-oil projects CS Monitor
Terrorism is no longer much of a “black swan� event for markets Economist

Cioffi's Hero-to-Villain Funds Masked Bear Peril in CDOs BL
In mid-June, as lenders to Cioffi's funds pressured him to come up with cash under the threat that they would move to seize fund assets, Cioffi's mood varied hour by hour. Throughout the period, he rarely saw his wife and children, and at times described what he was going through as a “roller-coast ride�....

Thursday July 5.
Phantom Job Numbers Could Be Fed’s Undoing Crudele
Seven Questions: The Wild, Wild East of Capitalism Foreign Policy (Xie)
H&R Block falls as mortgage unit loses credit line Reuters
Service Industries in U.S. Unexpectedly Grow at Fastest Pace in 14 Months BL
Private sector adds 150,000 jobs in June MW 5.1%
Layoff plans off 22% in June, Challenger says MW JClaims Up
Markets marching in step into trouble Asia Times
First Glimmers: New Dollar Era? Hahn PDF
Will euro dethrone dollar? Project Syndicate
Has Bear Stearns finally popped the great world bubble? Telegraph
Italease blow-up stokes derivatives fears Telegraph
“These derivatives were very complex and suddenly turned against us�
FX Trading – Interest rates, interest rates, interest rates! Black Swan PDF
Treasury Notes Retreat on Declining Demand for Safety of Government Debt BL
Troubled first half for bonds with more to come Reuters
“Every time yields have sold off meaningfully in the last 20 years the level they have reached has been lower than the previous high.  The selloff in the last couple of months has taken us above the previous high for the first time.�
Consumers are struggling MW
Analysis: Signs of household stress are all around
The VIX As Insurance? BCA Research
Taking stock of the year's 10 main themes Harrison
U.S. Subprime Defaults Set to Rise, Credit Suisse's Parker Says BL
“It's naïve to assume the worst is past us in the U.S. subprime market�
Buyers avoid Bear Stearns' cut-priced sale FT
Investors in the worse-hit of two stricken Bear Stearns hedge funds are offering to sell their holdings for as little as 11 cents on the dollar but still finding no buyers
Woes loom on housing Beck
Market may be worse than government, industry picture it
The Last Great Southern California Housing Slump EW
Wary Buyers, Lending Standards Depress Housing Market WSJ
Debt buries mortgage lender Seattle Times
Congress sets its sights on mortgage brokers Miami Herald
Gold edges higher, supported by dollar weakness, stronger oil AFX
Ruff sees golden times ahead Brimelow
Growing bio-fuel demand underpinning higher agriculture prices OECD PDF
Ethanol leads to increased beer cost Denver Post
Price of pork soars in supplies crunch Standard
Everyone wants to manage a hedge fund IHT
Hedge fund IPOs: a wise investment or smart money running for exits? Australian
KKR Earns Half as Much as Schwarzman's Blackstone BL
Lex: US car market FT
The stock is rising for day traders Orlando S
Semiconductor Maker Sues Chinese Company AP
Hollinger suit against banks seeks $65-million G&M
Bear down on risk, OSFI head tells banks G&M
British Nobility May Sell Off Art Treasures BL
Bank of England Raises Main Interest Rate, Sees Risk of Faster Inflation BL
FSA slams UK sub-prime market Telegraph
Investors Shun `Falling Knife' of Once-Booming European Real Estate Stocks BL
Rate rises hit secondary property prices FT
New Star to launch property hedge fund Reuters
Yen hits lowest level since 1985 Asahi
Diversify foreign reserves beyond T-bills: Yamamoto Kyodo
China stocks plunge as investor faith remains low China Daily
On Wednesday, only 70,132 new accounts were opened, the lowest since February 26, after 80,000 were added on Tuesday. That marked a big drop from the daily average of more than 300,000 in May.
No bulk reduction of US dollar reserve China Daily
Central bank to apply consistent, moderate tightening policies China Daily
Tianya.cn plans domestic IPO in 2009 Shanghai Daily
Thrilla in Manila, Japan's Abe Problem, Korean Credit Pesek
Steel Partners still chasing Bull-Dog despite poison pill threat Kyodo
Appetite for IPOs weakening in Gulf Reuters
Australia: 2 more property investment schemes have collapsed Herald Sun
Moscow Hotel Rates Rise to $1,000, Forcing Travelers to Suburbs BL
Soros manager regrets attack on HK dollar Standard
Fund manager attacks Brown in £5,000 ad Independent
TSX sues upstart rival G&M
Zim bans bulk buying Reuters
Fed Up With War, Some Won't Pay Taxes AP

Wednesday July 4.
Dollar Trades Near Record Low Against Euro Before Central Bank Meetings BL
Independence Day is Here, but Not for Many Americans Benson
Shorn on the Fourth of July North
Global Exodus From The US Dollar in Motion Dorsch
Hedge funds call `time out' Miami Herald
The firm's move likely signals widening woes for hedge fund...
Hedge Funds Mystify Markets, Regulators WP
Like the Wizard of Oz, these funds hide behind a cloak of mystery as they pull the levers that make Wall Street go.
Och-Ziff Hedge Fund Using IPO Funds to Pay Salaries Denning
Please Do Not Feed Bear Slate
Hey, how come that hedge fund got bailed out and I didn't?
Hilton Hotels Agrees to Be Acquired by Blackstone for $20 Billion in Cash BL
Buyout firms circle $4.2 billion HK property firm Reuters
Financial Sector Sell-Off Is Overdone, But… BCA Research
Apollo Bids $6 Billion for Huntsman, Trumping Offer From Access BL
ServiceMaster junk bond delayed due to market conditions FT
Got Gas? Ticker Sense
Why it's not easy being rich MoneyWeek
China: Equity funds posted first monthly decline since last July China Daily
New Bubble Appears as Asian Tigers Roar Again Pesek
Thai stocks hit highest since '97 crisis AP
Breather for Australian home owners as rates held SMH
U.K. Home Prices Accelerate, Services Expand as BOE Mulls Rate Increase BL
Halifax: property market cooling Guardian
Yen absorbs 'Japanese housewife effect' FT
Won Hits 7-Month High Against Dollar Korea Times
Alwaleed's Kingdom Ready to Sell Shares to the Public BL
Fund manager says loan packages pose dangers Times Online
Bolton likened the so-called CDO market to the UK’s split-capital investment trust sector, which collapsed in 2001 and 2002.
Watchdog to crack down on big bullies Australian
Collapse leads to warnings Nelson Mail
Bridgecorp Ltd and its subsidiaries were placed in receivership on Monday, leaving 18,000 investors uncertain about the future of nearly $500 million
German strikes spread chaos Reuters

Tuessday July 3.
Private-equity firm KKR files for $1.25 billion IPO MW
Big 3 serve up steep U.S. sales drop in June MW
Domestic-built vehicle sales fall to 2nd lowest level in 14 years
Late Payments Rise for Home Equity Loans AP ABA
Pending Sales of Existing Homes in U.S. Unexpectedly Fall to 5-Year Low BL
Factory Orders Drop Less Than Forecast BL Census
Investment Landfill: How Professionals Dump Their Toxic Waste on You Tustain
A Logical Inconsistency of Monumental Proportions Saville
Fidelity Says 2.3 Million Records Stolen AP
ECB takes aim at Sarkozy over exchange rate policy FT
Faber: Rate Cut This Year, Asset `Bubbles Everywhere' Bloom TV
US economy gaining steam, with inflation risks looming: survey WSJ
Oil Price Breakout Will Keep Fed On Inflation Watch Wachovia PDF
Will the Real Employment Data Please Stand Up? Berner
Credit crunch will 'shred investment portfolios to ribbons' Telegraph
Bond, share sales delayed by volatile markets Reuters
Credit crunch bites deep into Boots banks' fees Telegraph
Viability of CLOs set for big loan issue challenge FT
Market Watch: A Creeping Realization EW
CDO’s : C’mon Down Obligations Lamoureux
30+% of hedge funds trading illiquid strategies are smoothing returns HWeek
United Capital Markets halts redemptions; sources cite subprime losses FT
Fund attempted to sell assets at an accelerated pace in recent weeks...
Bloomberg: “People are very nervous about how deep the revaluations of these securities will have to go�
Storm clouds rapidly form Financial Post
Can subprime field troubles be contained?
Alt-A Loan Defaults Yet To Peak Realty Times
Opteum Completes Retail Origination Sale, Takes 70% Haircut on Deal HWire
Predators Bilk Struggling Homeowners Morgenson
If housing's down, why are interest rates up? MSNBC
FSA set to sound subprime alarm FT
The Cost of Mortgaged Suburbia: 3 Modern Housing Psychological Shifts Dr.HB
Conforming Loan Limits: Are There No Limits To Financial Fiddling?   RealtyT
Lex: Commodities outlook FT
Citigroup forecasts sustainable $3 copper price but nickel picture ‘murky’ MWeb
USDA Releases Another Shocker:"More Corn and Less Soybeans and Cotton"
Cameco uranium operation called gold mine Toronto Star
Beer prices barrel higher USAT
China commodity futures turnover tops $1.9 trillion in H1 Interfax
Stocks Lose Takeover Premium as Buyouts Slump, Bond Yields Increase BL
This year's record pace of takeovers slowed by 37 percent in June
Private equity shakeout looms CNN
Kraft Bids $7.2 Billion for Danone LU Cookie Unit to Spur European Growth BL
Peltz Considering Wendy’s Bid - Teck Cominco Buys Aur for $3.87B BL
Carlyle Group's bid for stake in Chinese bank rejected AP
Hedge fund to buy Dallas ice maker HChron
Techies Rush to Dissect iPhone ~ “All But Sold Out�
The dismantled -- and in some cases, permanently busted -- iPhones revealed one of Apple Inc.'s closely guarded secrets: The names of the companies that supplied the chips and other electronic components for the highly anticipated device.
IPhones sell for More Than Twice the Production Cost BL
Rivals Chasing iPhone ~  How Will Europe Respond?
Prices for plasma and liquid-crystal TV sets have plummeted PInquirer
Could Chrysler Go Bankrupt? BW
Fannie Mae: Another New Deal Monstrosity Mises
NASDAQ to Introduce ETF Market CNN
Private-Equity Firms Fight Tax Rise as Champions of Common Folk BL
Army of lobbyists look to derail legislation that would raise their taxes.
Private Equity Will Have to Play Fair on Tax Stelzer
Murky world of hedge funds in need of more transparency Globe & Mail
Charity cash recycled by hedge fund philanthropist Guardian
SAP says division made 'inappropriate' downloads MW
Mexican tycoon overtakes Bill Gates as world's richest man Guardian
Bush Commutes Libby Prison Sentence AP
Sterling hits a 26-year high against the dollar Telegraph
NZ Dollar Rises to 22-Year High as Yield Gap Widens Versus U.S. B
Currency Volatility Increases on Demand for Insurance Against Yen BL
Shinohara to Replace Watanabe as Japan's Top Currency Official BL
Yuan breaks key 7.6 barrier against dollar Xinhua
Index up 1.65% with turnover shrinking to new 3-month low China Daily
Global Property Investors Target Asia Business Week
Yen-Carry Survives, China's Fake Water, AirAsia's Boom Pesek
India's Foreign Reserves Must Find a Better Use Mukherjee
Experts cite risks to Asian economies AP
The schlock of the new State Street PDF
Tactical Investor, July 2007 Danske PDF
ESRI predicts fall in economic growth RTE  ESRI
Ireland: 'Long, slow house price collapse' RTE
FSA warns of insider dealing gangs Times Online
Gangs of organised criminals may be infiltrating the mergers and acquisitions departments of British investment banks
China carmakers may go on US$4b IPO drive Standard
China's auto makers to use 12.55 million tons of steel this year Xinhua
S&N warns of slowdown in the UK FT
Putin landed a fish, while his host did not AP
Russia shuts down Allofmp3.com Times Online
Jailed Yukos Ex-Chief Files Claim Moscow Times
Australian Police in Brisbane Arrest Eighth Suspect in U.K. Terrorism Plot BL

Monday July 2.
Dollar Hits 26-Year Low Versus Pound, Slides Against Euro BL Gold Up
Hedge fund Och-Ziff Capital files for IPO Reuters
Manufacturing Index Rises to 14-Month High on Increased Production B ISM
An Unacceptable (But Instructive) Model Hussman
As Per The Script? Contrary Investor
Stearns Gets Kudos for Dismembering Treasury Bear Market BL
Two-thirds of a problem Economist
Wider spreads and a stronger yen signal worry
CDOs and Subprime ~  Does it all add up? FT
It's time to reach for your tin hats as fallout threatens Telegraph
Myth that could undermine credit derivatives FT
There is a rather dispiriting resemblance between the latest credit crunch and the bursting of the dotcom bubble.   Credit meltdown on the horizon? D-Sun
Picture the domino effect Telegraph
You don't have to look far for signs of the speculative excess that marks the climactic phase of a raging bull market.
Mutually Assured Mayhem Business Week
Wall Street is on edge, scrambling to buck up Bear Stearns and avert a domino-effect debacle
The Smell of Contagion in the Air Financial Armageddon
Bear Stearns takes time to add up losses - report CNN
Investors in troubled hedge funds won't know how much they've lost until as late as July 16. Bear Stearns raises specter again Standard
US economy: the politics of deficits and power Jackson
Falling productivity and falling unemployment: is there a paradox? Jackson
How To Play Volatile Interest Rates DJ Our old pal, rising interest rates MW
Bear Stearns Meets Possums in Georgia as Foreclosures Increase BL
As foreclosures climb, Wall Street's lenders and investors are claiming a bigger chunk of Main Street.
Finally, a voice of economic reason MSN (Fleck)
Only One Word for Subprime Mes Morgenson
So Much for the Spring House Selling Season! Larson
Commercial real estate refuses to cool in New York Reuters
Buildings selling like hot cakes in Denver Rocky MN
Flood of foreclosures washing into federal courts Columbus BF  ($)
Just Say AAA Krugman ($)
Gold steady as security, inflation fears support Reuters
Goldbugs disappointed, but keep the faith Brimelow
Conspiracy theorists wonder if price drop tied to Fed meeting
Oil Trades Near 10-Month High on U.S. Fuel, Terrorism Concerns BL
US consumers pay highest energy bills in decades CS Monitor
Over the past two years, energy bills as a share of income have risen and are now at their highest point since 1987
Aluminum to Beat Copper as Takeovers Squeeze Supply BL
Uranium price still glowing but share prices cooling a little Age
Wesfarmers wins Coles with $19 bln bid Reuters
Manor Care's Bd OKs Carlyle Group's $6.3B Bid To Privatize Firm MW
Private equity has had an easy ride Times Online
The chairman of GE says the days of easy profits have passed
How Buffett Bounces Back Business Week
Lunch with Buffett goes for record $650,000 Reuters
Value Stocks Prove That the Bargain Basement Isn’t Empty NYT
Goldman, Interactive Brokers Undermined by Insider Stock-Options Trading BL
Heard off the street: When is inside trading not inside trading? PPG
Big 3 seek to shut jobs bank Detroit News
Wii demand unabated AP
Chasing the iPhone NYT
Requiem for a Trader Dorfman
Investors Bet on Commercial Spaceflight AP
Rogers: “I've sold out of nearly all the emerging markets'' BL
“Right now, there are probably 10,000 young MBAs on airplanes flying around from one emerging market to another.''
Yen at 22-Year Low Disrupts Earnings Outlooks B  Business Confidence Holds
Australian and New Zealand Dollars Near Two-Decade Highs as Yield Appeals B
Hard-Landing Risk Is Rising for China's Economy Mukherjee
Chinese Stocks finish with lowest turnover in 3 months China Daily
Trichet May Have to Scrap `Strong Vigilance' Vow on Inflation BL
Only a bigger rate rise will settle twitchy hawks King
Finland seduces seniors to work longer AFP
Banks warned not to fund Sakhalin-2 project Guardian
Why Russia resents US tack CS Monitor
A Short History of Dubai Property: Part 4 AME
Kurdish Oil Riches Lure Wildcatters Unswayed by Deaths, Carnage in Iraq BL

Stocks could slow with buyout deals USAT
“Deal mania has swept Wall Street. Five of the 10 best months for private-equity M&A occurred this year...”