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Europe Debt Woes Cast Shadow on Earnings, Market CNBC The Lion in the Grass Mauldin Risk On, Risk Off and the Spanish/Chinese Tug of War Noland Global QE Is Coming: Let the Gold Mania Begin! Puplava American Pie in the Sky Roubini Worse than pushing on a string - The dangers of a liquidity trap Strategas AAII Investor Sentiment Shows a Lot of Bears Swenlin A Mid-Year Update On Market Seasonality! Harding Silver Undervalued ZEAL The sinister nature of inflation MyBudget A Nation That’s Losing Its Toolbox NYT Who Will Guarantee This Guarantor? Part Two Pollock California Goes Bankrupt Reason Private Pension Plans, Even at Big Companies, May Be Underfunded Norris
Into the Bailout Buzz Saw Morgenson Financial Scandal Scorecard Nocera On Wall Street, They Call Him an Optimist WSJ Dimon Buys $17M of JPM Shares as Trusts Sell BL Exclusive: Labor Dept looking into JPMorgan stable value fund Reuters The LIBOR Mess: How Did It Happen -- and What Lies Ahead? Wharton For UBS, a Record of Averting Prosecution NYT Banking suffers another blow as scandals pile up G&M Chart of the Day: Corn-Crop Damage BL Guitar maker Fender pulls its IPO AP Private student loan debt reaches $150B CNN
European Investment Bank agrees to fund Greek firms Reuters ECB's Draghi says euro not in danger Reuters Bond Rates in Spain Inch Higher Amid Fears NYT ECB's Coeure says negative bank deposit rate an option Reuters Here's All You Need To Know About China's $2.2 Trillion Shadow Banking System via BInsider Loonie on 'full-fledged secular bull run' G&M
S&P 500 Caps Biggest Drop in 1 Month BL Evidence Of Coming Recession Is Overwhelming Comstock Stratfor Third Quarter Forecast via Mauldin Imagining a global crash every two years Saft Krugmenistan vs. Estonia BW Pathos of the Plutocrat Krugman Smith - Mish - Panzner - TCrisis The First World’s Fiscal Follies Frankel Bair: Two Years After Dodd-Frank, Why Isn’t Anything Fixed? Exchange Austerity is unavoidable after a bout of profligacy Gros Trump: 'I’ve Never Seen a Mess Like It' CNBC
Hedge Fund Assets Sink as Performance Ebbs Reuters Exclusive: Banks in Libor probe consider group settlement-sources Reuters Analysts have estimated that the scandal could cost the industry between $20 billion to $40 billion Libor fraud exposes Wall Street’s rotten core Warren Accounting Detente Delayed Norris Citi may have been the biggest Libor liar of all Fortune HSBC Shows Why Anger at Bankers Is Normal Pesek Invisible' minister who ran HSBC dodges questions over scandal Inde Ex-Goldman mortgage chief plans foreclosed home fund Reuters World braced for new food crisis FT Agriculture Secretary tells White House drought getting worse Reuters Govt 'set' to resume nuclear projects China Daily
Spain Insists $15 Billion Aid for Regions Won’t Swell Debt BL Euro Crisis: Reading the Fine Print BL Sell Spain Before Troika Comes to Town: S&P CNBC Ireland Bulldozes Ghost Estate After Bubble BL Property loan growth gathers pace in Q2 Shanghai Daily Chinese bid for US jet maker fuels debate Shanghai Daily Nürburgring Nightmare - Fabled German Racetrack Faces Bankruptcy Spiegel Canada slams China, Russia for UN Syria vetoes AFP Syria Collapse Would Reverberate Throughout Mideast BL
Hedge Fund Assets Sink as Performance Ebbs Reuters Sales of Existing U.S. Homes Fall to Eight-Month Low BL Mid-Atlantic Factory Activity Contracts Again in July Reuters Weekly Jobless Claims in U.S. Rise BL Roubini sticks to 2013 "perfect storm" prediction Reuters Finance’s Crisis of Legitimacy Johnson The unacceptable behavior of the market Pettis Making money: Bubbles, banks, and bad behavior Fiscal Times Retirees hit hard by foreclosures MW Post Office Might Miss Retirees' Payment WSJ Ron Paul, fed up with trying to end the Fed WP -- Ron Paul's Last Stand Against The Fed! via YouTube Wall Street is ruining America Mirhaydari Monetary Policy: Why Money Matters, and Interest Rates Don’t FRBNY Global economic outlook: Headwinds stiffening DB Research
Libor Rigging Probe Turns to Europe's Big Four Banks FT Britain cannot be trusted to reform Libor by itself, warns US Treasury Inde Behind Credit Default Swaps Market, a Cartel Left Open to Collusion NYT HSBC 'sorry' for aiding Mexican drugs lords, rogue states and terrorists Gaurdian Consumer Watchdog Fines Capital One for Deceptive Credit Card Practices DBook Samsung Faces Chinese Challenger With Cheaper Smartphones BL Chanos: This Stock Is the 'Ultimate Value Trap' CNBC The End of Exorbitant CEO Exit Packages? Don't Hold Your Breath Wharton
I.M.F. Warns of “Sizable Risk” of Deflation in Euro Zone NYT -- IMF Calls on Eurozone to Take Determined Action in Response to Crisis IMF Germany’s twin euro-martyrs tell Merkel to put up or break up Pritchard Euro Crisis Means More Power for European Commission Spiegel Greece Says It Has Found More Areas for Possible Cuts NYT Spanish banks' profits to be hit by property cleanup Reuters A weak currency is no panacea, but it sure does help Warner Economist: Guard against investment fever China Daily Japan Billionaire Mori Bets $202M on China BL Tall tales of melting Canadian currency bills MW
Fed Survey: Growth, Hiring Slow in Parts of U.S. AP BBook Bernanke: 'We Don't See a Double-Dip Recession' Reuters Ron Paul: Federal Reserve a Fallacy, Flawed System BL U.S. Public-Pension Shortfall $4.6T: Group BL Housing Starts in U.S. Rose in June to Highest Since 2008 BL Vital Signs: Up and Down Manufacturing WSJ Hendry – ‘Bad Things are Going to Happen’ FT Playing to win Price Fund managers expect more trouble in Germany Pritchard The not-so-powerful Ben Bernanke La Monica High Inflation at the Gates? EB Smith - Salmon - Paul Craig Roberts Money managers growing gloomy G&M Analysis: Lawyers eye payday in record credit card settlement Reuters Calif. cities eye plan to seize mortgages AP Americans Joining Disability Now Outpacing Americans Finding Jobs Weekly Standard
EU Opens Antitrust Probe Into Microsoft Spiegel Great Woman theory of history a bad bet Hulbert Forget TBTF, banks too big for investors Saft Intel forecast portends weak PC sales Reuters Pawn Shops Go Upscale for Affluent Clients USAT How U.S. Kids Get Dumb and Fat in Summer Orszag In Shocking Twist, Goldman Sachs Reveals It Is a Bank NYM The case for a new gold rush G&M This year’s 120-page report includes such quirky measures as how many litres of beer can be purchased at Munich’s Oktoberfest each year with an ounce of gold. Corn Prices Headed for Record Highs as Crop Shrinks FT
Professor Propaganda - Is German Economist Exacerbating Euro Crisis? Spiegel The euro graph of doom Warner Greece’s Highways Are Smoother Than Its Finances BL So two countries representing 11 percent of the EU's population accounted for 54 percent of the bloc's transport funds... The Euro's Fate Forsyth China's Wen vows job creation as growth slows - paper Reuters China’s Wen Warns of Severe Job Outlook BL China Braces for ‘Hard Landing’ in Corporate Profits CNBC Fitch: No hard landing for China China Daily Paulson sees no hard landing for China CD China Home Prices Rebound After Rates Cut BL FDI drops amid economic slowdown CD New yuan loans in June hit 25-month high Shanghai Daily Will Canada’s housing boom end with a whimper or a bang? FP HSBC boss quits for failing to put a stop to money laundering Telegraph
China Raises Treasuries 1st Time in 3 Months BL Treasury
Belief in the Fed Heads South Lamont U.S. Stocks Gain as Bernanke Says Fed Prepared to Act BL Chairman Ben S. Bernanke Semiannual Monetary Policy Report to the Congress FRB Bernanke Heads to the Hill: 'Only One Bullet Left' CNBC How Bernanke will cause the next crash before 2014 Farrell Commentary: Rich will lose 50% in massive wealth destruction Inflation is a Monetary Phenomenon Paul "Cognitive Dissonance" Saut Against the Wind: Stocks Fight Macro Headwinds Sonders Global banks still seen as risky five years after start of crisis Reuters Witness the Epic Battle Between Investor Hope and Investor Fear IMF Cuts Global Outlook as EU Ensnares Emerging Economies BL IMF Pimco's Gross Says U.S. Is Nearing Recession BL S&P 500 Nears 'Ultimate' Death Cross: SocGen CNBC At the Forefront Once Again? Panzner - MB - Summers - Krugman - SL - Climateer Are California Muni Bond ETFs In Trouble? Zacks Solutions to the Trading Problem Bear’s Lair The Cure for Our Economy’s Stationary State Ferguson This Week In The Great Depression - Summer Unemployment Blues BL The top 10 threats facing real estate Hoak Baker Rest in Peace, Barton Biggs Kass
Credit-rating agencies draw federal scrutiny AP The companies that determine Americans’ credit scores are about to come under government oversight for the first time. Zuckerberg’s Loan Gives New Meaning to the 1% BL More Evidence That LIBOR Is Hazardous to Economic Health CFR King tells MPs 'fears of Libor rigging not same as actual fraud' Telegraph Tim Geithner's Libor Recommendations Came Straight From Banks, Documents Show HP Ignore Libor scandal at your own risk Weidner Citigroup still counting credit crisis cost Inde Peregrine Financial Group's Former Employees Recall A Troubled Workplace HP Idle cash piles up: David Cay Johnston Reuters Investors day trading within 401(k)s, IRAs LAT Billionaire Peltz is selling this stock MW 2012 gold price forecasts cut further: Reuters Poll Reuters Good Dirt Gone Dry Wilting Corn Crop as Food Costs Rally BL Embry Lobster Glut Slams Prices WSJ
Eurozone Needs Process, Not Money Merk Is Italy Just Spain With Better PR? CNBC Moody’s downgrades 13 Italian banks on weak govt credit profile IANS ZEW Investor Confidence Declines to Lowest Since January BL Chancellor Schröder's Legacy - Germany's Leading Role in Weakening the Euro Spiegel In Spain, a Thrifty Olympics Bid WSJ World economy heads for another perfect storm Warner China Slowdown Stymies Plan to Curb Shadow-Banking Risks BL Wage growth falters amid slowdown China Daily June FDI inflow drops 7% on slowing economy Shanghia Daily North Korea's Unreported Economic Figures Asia Sentinel
Retail Purchases in U.S. Unexpectedly Decrease 0.5% BL Fewer U.S. companies planning to hire; Europe looms - poll Reuters Fed fiddles as America slides back into recession Pritchard The Third Law of Randomness Hussman When bankers get nervous, watch out Fleck Treasuries Doomsday 4 Years Away for Vanguard BL “In the absence of a long-term credible plan, we are somewhere around four years away on where the markets are going to say ‘enough is enough” Faber’s Gloomy China Warning CNBC Is QE3 coming? EB Dr.HB - Psy-Fi - Smith Are Millennials the Screwed Generation? Daily Beast Move America’s economic debate out of its time warp FT
JPMorgan Blaming Marks on Traders Baffles Ex-Employees BL Analysis: Banks behave badly redux: Is it killing confidence? Reuters The Real Libor Scandal Roberts and Prins How Hedge Funds Get an Early Peek at Analyst Information NYT In the darkness, solar industry sees some light G&M Wilbur Ross: U.S. Coal Faces Years of Headwinds BL Radical gold bugs vindicated? Brimelow
Merkel Won't Budge Over Debt Crisis Oversight BL A Grimm tale from the euro zone Marsh Eurozone rescue without growth means Finland could be first to leave Bootle It’s sunk costs all the way down Fistful of Euros GMO White Paper - The Pain In Spain via ScribD Wen warns of economic problems facing China Shanghai DailyThe State Nomura: “Council meeting may help shed some light on specific policy easing measures” Just how bad is China's economy? Finance Asia China's Lenovo inches closer to a global tech title Reuters China’s deflationary growth threatens profit MW Hardheaded Socialism Makes Canada Richer Than U.S. BL Japan Inc's foreign forays recall bubble economy Straits Times Insider trading becomes headache for Japan Majiroxnews
Bernanke May Set the Tone for the Rest of the Summer CNBC Week Ahead The Beginning of the Endgame Mauldin Game Theory and Crowded Trades Noland Rydex Cash Flow Ratio Overbought Swenlin The 'Banking Industry/Regulators' Time-Bomb! Harding Bear Market Watch is On - Weekend Wisdom ZACKS As Bad as It May Be in the U.S., It’s Worse in Europe Norris Here Comes the Catch in Home Equity Loans Morgenson The easy terms of many home equity lines of credit are about to end, as borrowers will have to start paying principal as well as interest The Effects of Wealth Bubbles on Consumption FRBNY Research US: Revising down US growth Danske The Euro and the Dollar Puplava Global Views Scotia Global Equity BMO Social Security - The $20 trillion timebomb Kotlikoff
Perils of a profit slowdown MW Goldman Sachs and the $580 Million Black Hole NYT U.S. Is Building Criminal Cases in Rate-Fixing NYT California County Weighs Drastic Plan to Aid Homeowners NYT How Jamie Dimon hid the $6 billion loss Fortune Hey, San Bernardino, it's a rainy day LAT Author details end of American dream China Daily Computer Cowboys Wrestle w/Volatile Commodities & Currencies Dorsch What a Roman centurion's pay says about gold Mining Storm could be brewing again as gold and the dollar compete for safe-haven status GNews Next Stop for Oil: $40 or $200? BMO Always Ask a Banker to Put the Lie in Writing Weil
Germany Rejects Greek Plea for More Time Spiegel Sir Mervyn left to flounder in a Libor can of worms Telegraph Calculated Deal in a Rate-Rigging Inquiry NYT Libor: They all knew - and no one acted Inde Confidence down Shanghai Daily Final US audit of reconstruction effort in Iraq says billions of dollars likely wasted AP
PFG Founder Admits: I Forged Bank Statements for 20 Years CNBC Buffett: Muni Bankruptcies Are Set to Climb BL NY Fed Knew Barclays Was Underreporting Libor BL JPMorgan loses $5.8 billion on trades; traders may have hidden losses Reuters Producer prices edge up, consumer sentiment cools Reuters The Bear Market Is Only Beginning Comstock Pervasive Gloom About the World Economy PEW The Fed Manipulates Rates All the Time: James Grant CNBC Ben S. Bernanke is no Jesus Russell Inflate or Die Bernanke to face tough questions from Congress The Hill UBS AG: They’re not entirely confident that the options they have are good ones Fed Has No Hammer, Uses Handsaw and Chisel... Smith Can Bernanke Force Banks to Lend...? Mish Lawsuit: Fed bailing out Europe WMD Dollar Could Fall Off Fiscal Cliff Into Euro Abyss CNBC Market Savior? Stocks Might Be 50% Lower Without Fed CNBC Fed Bet Obama Would Be Fiscally Responsibe—And Lost IBD CHART: Fed Meetings Best Time For Stocks BL FRBNY Market wondering where Bernanke put priced MW Ben Bernanke’s Superpowers Include... DealBreaker Rising costs push California cities to fiscal brink LA Times Comeback kid - America’s economy is once again reinventing itself Economist Hedge funds - Mastered by the universe Economist Exclusive: Barclays' Diamond turns to top lawyer for Libor scandal Reuters Geithner Proposed Libor Changes in 2008 Memo BL Warren Buffett: Libor Scandal Involves 'The Whole World' via HP JPMorgan Is in a No-Win Situation of Its Own Creation TheStreet 'London Whale,' associates out at J.P. Morgan: WSJ MW A look at forecasts for peak oil – and the end of civilization Fabius Maximus The Deleveraging Trap Azizonomics FDL - Krugman - Sheehan Insight: The curious case of Iowa broker's Romanian property empire Reuters
Moody's Downgrades Italy by Two Notches; May Cut Further R Italy Shrugs Off Downgrade UK austerity set to last decades as cost of ageing population rises Guardian China’s Economic Growth Slows to 3-Year Low of 7.6% BL Most listed firms see earnings slump China Daily More than half of the mainland's public companies reported lower earnings or losses... China Stimulus: Politically Inspired, Wrong-headed Asia Sentinel Is China Catching the US in R&D? Asia Sentinel Singapore second-quarter GDP contracts 1.1% MW Japan's 10-year bond yield hit nine-year low Reuters Finding the Anti-World - The Next Holy Grail for Physics Spiegel
Closer to a bailout? FHA's mortgage delinquencies soar CNN Bubble vs. Rubble? Rosenberg Weighs in on Canada-U.S. Housing Divide WSJ Treasury yields fall toward all-time lows MW Mortgage Rates at a Record-Low BL Jobless Claims in U.S. Plunge on Fewer Auto Plant Furloughs BL China’s ‘5 apocalypses’ signal global recession Farrell Bond Markets Rule? Schwab Bond Insights Investor flight out of stocks continues CNN Au Revoir, Optimism Kass Central banks are losing the battle Arora Problems, but no panic Brimelow Ritholtz - Arends Fear of Year-End Fiscal Stalemate May Be Having Effect Now CNBC Buffett: US Growth Slowing, Europe Slipping 'Pretty Fast' CNBC California bankruptcies are only the beginning CNN
Diamond Seeks Return to Parliament to Rebut Accusation He Misled Lawmakers BL New York Fed to Release Libor Documents Friday CNBC Why Hasn’t the LIBOR Scandal Blown Up? No Victims New Republic I'd Run Barclays For $1 Million Forbes Recipe for Success: Pick 30 Stocks, Then Just Sit Back for the Next 77 Years WSJ Further Fed Easing to Drive Gold to $2000: Merrill Lynch CNBC Asteroid Mining Startup Planetary Resources Teams With Virgin Galactic Forbes Falling Food Prices May Not Last, Report Says Asia Sentinel FAO
Brazil Cuts Rates For 8th Time as Recovery Falters Reuters The language used in the statement left the door open for more rate cuts Bank of Korea Cuts Rates for First Time Since 2009 Reuters Only three of the 26 analysts surveyed predicted a cut... BOJ Refrains From Adding Stimulus, Spurring Stock-Market Decline BL The euro dropped below the $1.22 level... MW ECB Overnight Deposits Fall to Lowest This Year BL Merkel breaks German law on ESM rescue Pritchard Italian Debt Still Hangs in the Balance WSJ Just another scary Spanish capital flight chart FTA Proud Spain again humbles itself to the euro’s demands Warner Blood, debt and fears: crowds rise up as Spain agrees new 65bn cuts Inde China Q2 growth likely around 7.5 pct - govt think tank Reuters Direct currency conversion mulled Shanghai Daily Consumption collapses amid prolonged downturn Korea Times Japan told to respect sovereignty over islands China Daily
Few on FOMC Said More Stimulus Likely Needed BL Minutes Trade Deficit in U.S. Narrows BL Wholesalers Lift Stockpiles at Slower Pace Too fat to fail Kohler Insiders betting on a correction Hulbert Gold to Outshine Dollar? Merk Embry ECRI's Achuthan Says U.S. Economy Is in Recession BL Video Looking for cheap stocks? You won’t find them in the U.S. G&M Goldman Sachs: Stock picking isn't paying off CNN Labor Market and Sales News Remains Unsatisfactory Bangalore Fitch affirms U.S. AAA credit rating, outlook still negative Reuters Third Californian City Files for Bankruptcy Reuters How Long Will This Go On? Sheehan Panzner - FM - Paul - Fry - Rithotlz - Smith - EB The Puzzling Pre-FOMC Announcement “Drift” FRBNY A Four-Chart Lesson in Spotting Trade Setups EW
Libor scandal: Bob Diamond says allegations 'unfair and unfounded' Telegraph Barclays Affair Rocks European Banking Industry Spiegel A number of other banks are suspected of having manipulated interest rates, and Deutsche Bank has already suspended two employees. Experts warn of a wave of lawsuits that could ruin some institutions. US Cities Scramble for Damages as Rate Scandal Escalates NYT Baltimore has been leading a battle in Manhattan federal court against the banks that determine the interest rate... Peregrine files for Chapter 7 bankruptcy Reuters Aubrey Lee Price, Missing Georgia Bank Director, Left Behind Confession, Possible Suicide Note HP What Alcoa's Stock Drop Is Telling Investors CNBC Chevy offers 60-day money-back guarantee USAT Living Cells Show How to Fix the Financial System BL Bulls Lift Wagers by Most in Two Years After Rally: Commodities BL What’s Iran doing with Turkish gold? FT U.S. Corn-Crop Forecast Cut as Drought Dims Supply Outlook BL
Financial Crisis Could Destroy 8 Million Jobs in Europe CNBC ILO Watching France BCA Research Spain Hikes Sales Tax to 21%, Deepens Austerity Pain Reuters The eurozone impact: What’s in store for Asian sovereigns? Finance Asia Bubble warning on property despite signs of a cooldown Standard Canada's housing market at 'tipping point' G&M Russia Sending Warships on Maneuvers Near Syria NYT
Barclays Chief Accused of Lying in Testimony to Lawmakers BL Fed Knew of Libor Issue in 2007-08, Proposed Reforms Reuters Fed Should Raise Interest Rates to 2-3 Percent: Einhorn CNBC Top Fed officials set table for more easing Economists See 70% Likelihood of QE3 Small Business Swoon: Confidence Index Drops CNBC All the world needs now is a deflationary shock in China Pritchard All engines of the global economy are sputtering at the same time. Is this all the recovery we get? Jubak So why is the Great Recession so much worse than a run-of-the-mill business-cycle recession? Four fiscal cliffs ahead, and a jobs war Farrell The Fiscal Cliff: A Hard Landing Becomes More Likely Brookings "One Way Pockets" Saut The US Economy: 'Things Could Get Much Worse' CNBC A Crumb of Comfort for Investors FT This month, the US broker is quietly circulating a memo which tells its affluent clients to reposition themselves — and their portfolios — for a fundamental geopolitical shift. Preparing for negative rates Saft Should you sell a dull market short? Hulbert Economic Indicators Review NB Financial
Gates, Buffett Talk Currencies CNBC via GF Buffett: “I don’t like any currencies over time...” Lessons from the Barclays Debacle Bear’s Lair Paulson Funds Fell in June Amid Euro Wager BL Einhorn's Call on 'The Best Growth Company We Have' CNBC Broker Missing $220 Million; Founder Attempts Suicide Reuters Barclays' Agius faces lawmakers over rate-rigging scandal Reuters Bankrupt Alabama county asks for second look at lawyer fees Reuters Patriot Coal files for bankruptcy protection Reuters
China's June inflation hits 29-month low China Daily The government is expected to take measures to boost growth... Chinese Imports Miss Forecasts, Exports Slow BL Yuan dips under lowest parity rate Small firms in Zhejiang confront 'life or death' struggle to survive Shnaghai Daily ECB pledges action as southern Europe buckles Pritchard EU gives Spain more time on deficit, sets bank aid Reuters Embattled fraud office reopens inquiry into hedge fund Inde Shanghai makes it easier to set up company HQs Shanghai Daily Japan, World's Third Largest Economy, In The Stranglehold Of A Recession IBT A Disaster Made in Japan Pesek Tokyo prostitution prices going down as stagnation stiffens Tokyo reporter Russia's Putin says the West is on the decline Reuters Economist |