Weekend Edition (May 29-31)
It's Time for the Fed to Reload Frontline
Real Rates and Gold 7 Zeal
Will the Fed's Slow-Mo Approach Backfire? Morgenson (NYT)
Hey Greenspan, Duisenberg, and Fukui: Alchemy Is Junk Science (& Junk Economics Too) Northern Trust
Shouldn't Greenspan Quit While He's Ahead? NYT (R)
Companies, time has come to pay for those options HC
Dollar could be jostled by OPEC news CBS
Cough Up More For Your Coffee NYP
Bank of Ireland Chief Soden Quits After Violating Company Internet Policy Bl
Borrowing boom set to force up interest rates Times Online
Borrowers must face up to home truths Times Online
China to punish currency speculation PD

Friday May 28
April Personal Spending Rises 0.3%; Incomes Rise 0.6% Bloomberg  BEA
OPEC May Consider Oil Quotas Suspension Reuters
The Great Oil Debate Morgan Stanley (Roach)
Monthly FX Outlook CIBC PDF
Fed's Chief Spoilsport Becomes Mr. Accommodation Bloomberg
Market Downtrend Intact Comstock
Is the Market Poised to Tumble? Schaffers
WiFi hotspots not all that hot Mecury News
Public WiFi hotspots are turning into the latest example of what are sometimes called ”zero billion dollar'' markets”
Fidelity manager: I made mistakes Reuters
Use of credit options has exploded this year FT
Fannie Mae inquiry widens FT
Fannie Mae CEO Franklin Raines is Porker of the Month CAGW
Ex-Rite Aid boss gets 8-year prison term AP
Citigroup fined $70 million AP
Pension funds sue Royal Dutch, Shell AP
IPO sales see more fizzle than sizzle USAT
When 'IT' Stands for Interrogation Smart Money
Telecom files for bankruptcy Boston Globe Paul Allen Loses Another One NYP
American raises cargo rates to compensate for fuel costs AP
Cost of jet fuel is trouble, says NWA official Det Free P
High fuel costs wing Frontier Rocky MN
Nortel faces deadline for continued support from EDC Globe & Mail
First trial not high profile, but may show a lot Houston Chron
Enron creditors approve its plan to emerge from bankruptcy BL Enron
Buffalo spammer jailed TheRegister
Food for Thought: The Big Mac Index CFO
Coeur d'Alene offers to buy Wheaton CBSM
China’s growth is good news for gold, says Merrill duo CityWire
Individuals to directly buy, sell bullion in China People’s Daily
Analyst: Farm Subsidies Still A Cash Crop For The Rich and Famous Heritage
China May Be a Prisoner of Greenspan's Fed Bloomberg
Desert find does little to ease China's oil worries Times Online
Cooling China's economy and red-hot oil prices Asia Times
China turns the hose on currency speculators and car finance market SMH
Is property in Hong Kong set for a fall? IHT (Bloomberg)
Japan's Jobless Rate Is Unchanged; Spending Surges Bloomberg
Big Hopes Survive the Decline in Emerging Markets Bloomberg
Riding the buy-to-let wave BBC
Dollar-linked countries urged to unpeg currency Gulf News
Argentina to Have Debt Restructuring Plan Next Week Bloomberg
Citigroup apology for Ł750m error lifts RSA Independent
PetroChina makes the biggest oil discovery in decade People’s Daily
Yukos Market Value Falls by $3Bln MosNews  May Sell Assets UPI
Court awaits richest Russian Cox
If Oil Supplies Were Disrupted, Then ... NYT (RThe Oil “Crisis” of 2004 Cin
To Tell the Truth NYT (R) (Krugman)

Thursday May 27
Doing the Fed's dirty work CNN/Money
Wall Street has already done some of the heavy lifting for the Fed.
Greenspan a White House regular CNN/Money
Fed chairman has visited Pennsylvania Avenue more frequently since Bush took office.
Fixed-rate mortgages resume climb AP
First-Quarter Gross Domestic Product Grew at a 4.4% Rate Bloomberg  BEA
Initial Jobless Claims Fell 3,000 to 344,000 Last Week Bloomberg
Futures Now See June Interest Rate Hike Reuters
Dollar remains pegged back by oil price fears FT Oil Lower = Stocks Up? CNN
Dlr Sharply Lower On Rumoured Hedge Fund Selling FX
Fed Fudged Accounting After 911, Says Bank Big NYP (Crudele)
Bush prolongs the Greenspan agony TheStreet
Unknowingly, Snow held stake in mortgage companies TD
While Snow has been receiving periodic financial statements during the past year showing that he owned the mortgage-company bonds, Snow did not bother to open the statements, his spokesman said.
Snow Asks Inspector to Review His GSE Bond Holdings BL
Snow yesterday said he was unaware that he owned about $10 million in Fannie Mae and Freddie Mac bonds for 15 months
Schiff's Bear Market Necessities Reuters
Schiff joked that he is dismissed as an oddball on the fringes by some in the mainstream of the markets
Bulls and bears are both right, investors say Reuters
Many see as a cyclical bull market in a secular bear.
Growth signals turn yellow MSN  ECRI
One of the better economic forecasters around says the economy will slow dramatically over the next three to six months
Nasdaq letters stick to bearish bent CBSM
The Housing Bubble GoldMoney
Bad Combo for New Housing - Demand Down and Supply Up Northern Trust
Shorts in the Utilities Sector Schaffers
U.S.: Mexico to the rescue on oil Reuters
The High Price of No Inflation Etherzone
Reality vs. Govt. Statistics
The Impact of Higher Oil Prices NYT (RDoc
Oil shock likely to herald world recession within next 10 years IN
Rising inflation due to profit margins/energy, not labor costs EPI
Controlling Energy Costs on the Factory Floor NYT (R)
Scotia’s Commodity Price Index Jumps to Record High PDF
Gas Pains Up Sales of Hydrids, Beat up SUVS NYP
Gas increases pushing up prices of some other goods Gannett
Fuel costs spur $10 hike for United, American tickets ChicagoST
Steel: Short supply has towns worried. . . Boston Globe
The price of shredded steel has jumped from $95 a ton to about $300 a ton in three months
Exxon CEO: We're not gouging Reuters
Chicago city council OKs city's first-ever outlet Reuters
RCN files for bankruptcy Reuters
Trump bailout progressing, overdue bond payment likely AP
Topps Fined $1.9M Over Pokemon Pricing   AP
Aetna sues Abbott over 478% Norvir price rise FT
Problems with AOL accounting leave Dick Parsons in a tight spot BWeek
Empire Financial, CEO get Wells Notice from SEC Reuters
SEC fights for overcharged fund buyers USAT
SEC probes money managers over IPO allocations -WSJ Reuters
Ingram: Why target just Grasso? Globe & Mail
Some investors question pay of bank chief Lewis AP
Wealthy investors sue Alex. Brown over losses Baltimore Sun
The list of angry investors includes some of the brightest names in American industry.
Elite Bankers Now Pulling Plug On US Economy & Currency! Federal Observer
Gold vs. the USDX: Is the USD Topping Out ? RBC  PDF
Gold still glitters MorningStar
Short-term indicators point to higher price for bullion
Merrill sees gold trade in $370-390 range in near term CBSM
Newmont sees second half gold recovery TheAge
Dutch Ctrl Bank To Sell 100 Tons Gold In Next 5 Yrs DJ
European Commission assesses threat to oil supplies FT
Emerging Markets: Pricing in the Fed Morgan Stanley
Inflation targeting back on BOJ agenda Asahi
Retail woes hit Japan's recovery BBC
The March on Moscow Economist
Caveat emptor is a phrase that might have been specifically invented for investors in Russia
The Price of a Worthless Government Moscow Times
Bank moves to quell fears of interest rates doubling TIme O
No slowdown in UK housing market BBC
Stamp duty rise could end house price inflation FT
Playing the China Card on the Street Business Week
China: Bank cards taking up 20% of total consumption People’s Daily
Failed Bank Depositors Want Vekselberg's Eggs Moscow Time
Wall Street wary of Argentina bond price rise Reuters
Cubans Hit With Wave of Price Hikes APs
Fuel costs put Asia airlines in a bind IHT (Bloomberg)
Soaring soybean prices hurt tofu makers Japan Times
Diageo to raise price of Guinness IHT (Bloomberg)
O'Donoghue warns against drink price increase Ireland Online
UAE: Cement shortage sparks black market trend Khaleej Times
EU agrees to France's Alstom rescue Guardian
Yukos warns that gov’s tax claims could force the company into bankruptcy AP
Did Someone Say Bubble? Macleans A Bubble Ready To Burst
Canada's rocketing real estate market is defying pessimists -- heck, it's defying realists

Wednesday May 26
New Home Sales Have Biggest Drop Since January 1994 Bloomberg  Census
April Durables Orders Fall 2.9%; Ex-Transport. Fall 2.1%Census T’s Gain
Secular Bear Markets Not Uncommon Comstock
Abu Ghraib and the Dow North
Wishing Upon a Star Puplava
Stagflation makes a comeback CBSM (Kellner)
Which airline is next? CNN/Money
Fuel crisis could be the beginning of end of one or more of the nation's major carriers
June: swoon or boom? CNN/Money  Election Year Chart Chart of the Day
It has typically been an up month in election years since '52. But this is no typical election year.
Mortgage Applications Fall Again Reuters  MBAA
Mass. condo prices hit record Boston Globe Home-buying spree Rocky MN
Punishing credit card rates? Just wait CNN/Money
The noose around credit card holders may tighten after the Fed hikes rates
Credit card late fees continue to climb MSNBC
Drug prices rising faster than other inflation AP
Stormy Conditions May Dampen Emerging Mkt Debt Issuance Dow Jones
Hedge funds take in record in first quarter-TASS Reuters
Hedge funds smell trouble, dump stocks, buy oil Reuters
Boss departs with zillions, his enabler is lingering on Baltirmore Sun
We could call CEO-pay consultants the handmaidens of munificence, except they're not very maidenly.
Schwab to cut trading commissionsCuts May Slash Bottom Line TStreet
At Nortel, All the Straws Are Short Business Week
Adding to the telecom-equipment maker's woes: It could soon be in default of a $326 million guarantee by Export Development Canada
GE Launches Biggest IPO in Two Years CFO  Flat Debut CBSM
Furious Grasso to counter-sue over $189m pay claims Indepen
Spitzer Vs. Grasso--For Love Or Money Forbes
The Public Should Be Outraged - Not Grasso NYP
Grasso's delusional self- defense, outlined in The Wall Street Journal yesterday, would be laughable if it weren't so pathetic.
NASD fines former Merrill analyst Phua Young Reuters
Young issued research recommending that investors buy the stock despite characterizing the company as a "totally unmitigated disaster"
Wellington Management under SEC investigation JSO (NYT)
Ex-star banker Quattrone asks for new trial AP
Ex-Rite Aid exec sentenced in scandal AP
CA Offers $10 Mln to Settle Probe Reuters
Amazon.com's Bezos ducks questions on Toysrus.com suit Seattle Times
Conoco refuses Saudi offer of extra oil -trader Reuters
SEC Fines Approaching 2003 Levels CFO
Gold seen soaring to more than $1,000 an ounce by end of decade G&M
DrokePaulWillieAuerback
EU says switch oil from dollar to currency basket Reuters
China economists: change yuan peg CBSM
Report suggests peg to basket of currencies
The Calm Before the Storm Morgan Stanley (Xie)
The period of the Fed raising interest rates usually precedes emerging-market crises. In the current cycle, the Fed has kept interest rates lower and longer than in any previous cycle.  China: Soft Landing or Bust? Mises
China: The Unplannable, Planned Economy AEI (Makin)
China Producer Prices Climb 5% on Rising Investments Bloomberg
Wuhan Steel Wins Approval for 9 Bln Yuan Share Sale Bloomberg
Great Wall of Unknowns WP
Yen Trades at 2-Week High; Trade Report Shows Economic Growth Bloomberg
Bank of England Follows `Gradualism' With Rates Bloomberg (Berry)
Don't bank on your house for retirement income CityWire
Brazil: Unemployment exceeds 13 percent UPI
Ryanair says it won't pay back state subsidies FT
O'Leary, Ryanair chief executive, said that the Belgian authorities had written to the airline demanding the repayment of around 3M.  “We have written back to say fuck off”
New fears of financial crisis as Jarvis delays its results Independent
Interpol seeks help against counterfeiters FT
AP: Terrorists Planning Summer Attack AP

Tuesday May 25
Crude eases as market ponders Saudi plan FT
Bond jury out on effects of oil FT
Oil, gasoline surges to new high AP Speculators blamed FT
Oil close to record as markets scorn Saudi offer to up output FT
No respite from sky-high gas prices Globe & Mail
“It is a huge derivatives casino right now.  When prices start to fall, there is going to be just one massive hedging collapse.”
Gasoline price increases fire up inflation worries AP
In today’s dollars, oil hit a peak of around $80/barrel in the early 1980s and gasoline sold for the equivalent of $2.85/gallon.
'Gas roots' protest over pump prices CS Monitor
NIMBY pressures . . . and oil slicks Washington Timesl
Electricity-type probe into gas prices SF Gate
Fuel Costs Squeeze UAL Rocky MN   FedEx Freight hikes rates 5.9% TT
U.S. Notes May Advance on Speculation Rising Oil Price Will Curb Growth BL
The Bear's Lair: Empty mansions UPI
High-yield securities may have hit their peak, an indicator says CC (NYT)
Is gold's gut check over? CBSM   The Road to $1,000 GoldenBar
Second quarter will be hedge barometer Mineweb
Rising oil prices + rising interest rates = end of the bull market? Business Times
Google, just say no to lockups CBSM
The other day, my cleaning woman said she was going to bid on Google.
Krispy Kreme Posts First Net Loss Reuters
Spitzer files suit against Grasso, NYSE, Langone AP Full Text
Who’s (Mis) Leading Whom?  AG Gives McCall A Pass NYP
Prosecutors bring new charges against Ebbers AP
Ernst & Young investigated over tax shelter endorsements Times Online
Judge rules tobacco case can go forward FT T-Stocks HitS&P Comments
Toys R Us Sues Amazon.com TheStreet
China's quest for secure energy supplies FT
Chinese Bank gets derivatives green light CDaily China to issue new T-bonds
'Slowdown likely to raise bad loans of smaller banks' China Daily
Brewers flock to China with eye to future Reuters
Rising oil prices may stunt growth and prolong deflation, Tanigaki says Kyodo
Mortgage lenders 'not in favour of doubled rates' FT
Euroland: When Rates Rise (Part 1) Morgan Stanley (Roach)
German Inflation Speeds to Most in More Than 2 Years Bloomberg
Mexico's Silver Mines Lose Luster From Falling China Demand Bloomberg
Resona racks up 1.66 trillion yen net loss Japan Times
Alstom crisis drags on and on FT
Transcript Of Bush Speech AP
Delusions of Triumph NYT (R) (Krugman)

Monday May 24
Oil Price Settles at New High AP
Average GasPrice Hits New Record WP
Spitzer to Sue Former NYSE Head Grasso Reuters
What Could We Be Missing? Morgan Stanley (Roach)
Holy cow! $3.62 for a gallon of milk? AP
3 reasons Dell shares are sliding MSN (Fleck)
Breaking Monetary Policy into Pieces Hussman
A No Win Scenario Cross Currents
The moribund markets are all about the 'multiple' G&M (Ingram)
70% of the market's rise between 1980 and 2000 came not from profit growth but from higher price-earnings ratios. What happens when the reverse occurs?
US stock charts mirror the 1930s AME
The chart of the US stock market from the mid-1920s to early 1930s is almost a mirror image of that seen from the mid-1990s to date.
All Bubbles eventually burst Russell  Flash Bubbles 321
Are equities heading for a bumpy ride? Telegraph
Housing Markets Brace For Impact NYP
As margin debt builds, investors should be wary CBSM
Mortgage Lenders Getting More Creative AP
Junk bond bubble starts to deflate FT
A rash of cancelled debt deals underscores the cold reality that the days of easy money are gone.
Junk: Traders expect a doubling of borrowing costs by 2005 Bloomberg
Inflation was real, but deflation only illusion HChron (Burns)
New Forecast Says Inflation May Get Worse AP NABE
Profits Do Not Cause High Prices Mises
Personal bankruptcies in U.S. increase 2.8% AP US Courts
Going Public Without Profits or a Product? Yes, in 2004 NYT (R)
Insiders Are Selling Like It's 1999 NYT (R)
When Times Are Good, Forecasting is Easy NYP
A growing number of analysts, despite how badly they were misled just a few years back, are herding along for the ride, predicting stock prices based on these long-term earnings projections.
Greenspan, his limo rides, and the future of interest rates CS Monitor
On the road and in the red CS Monitor
Higher prices and longer loans are pushing new-car buyers into a debt spiral
Automotive hedge fund to launch in July FT
Your debt may cost you more if the Fed hikes rates CNN/Money
It seems everyone is buying into the dollar-store discount craze Knight Ridder
As more people shop on credit, stores rack up profits on high interest and fees
Flash memory prices slump as market showdown looms Reuters
“We are beginning to see the oligopoly between Toshiba and Samsung hang on to the last stages of its life”
Cisco and FASB: Options Showdown CFO
Shell cuts oil reserves again Reuters
Sarbanes-Oxley Forces Options Exercise CFO
Money, Murk, & Muck NYP (Byron)
Watch Out For Central Bank Sales Gold-Eagle
Gold bullion securities begin to attract investor attention Reuters
Nasdaq to close China office - reports CBSM
China: Oil Price May Drop Sharply Morgan S (Xie)
China: The World's Powerhouse NewsWeek
But what if its economy is caught in a bubble?
Behind the mask Economist
Hailed as the business opportunity of the century, China is bound to disappoint.
Is inflation Japan's next battle? IHT (BL)
Japan grows 'much slower' than Tokyo suggests FT
Top Japan banks in profit, but recovery looks fragile Reuters
Rising rates will put Brown's boast to the test Independent  (King)
Mortgage rates 'must be doubled' BBC
Interest rates will have to double to avoid the property market spiralling out of control then crashing
Have analysts learned their lesson? This is London
Gold producers going public in Hong Kong China Daily
Ship carrying 4,190 cars sinks off Singapore Reuters
Bush to spell out Iraq plan, major fighting flares Reuters
Big hurdles loom with handover CS Monitor

G7 pleads for lower oil prices BBC  G7 Full Text Reuters
Crude Oil Falls as Saudi Arabia Promises to Raise Production BL
Saudi bid to puncture oil price bubble may fail Reuters
Dissent in OPEC on Saudi Arabia's pledge Reuters
To Fret or Not to Fret NYT (R)  What, Me Worry? SMoney (Luskin)
Will Gas/Energy Prices Hurt the Economy? AP

Weekend Edition (May 22-23)
Wall Street avoids a meltdown, but can't make progress AFP
G7 Ministers Will Ask Oil Producers to Raise Output Bloomberg
Alan’s View On Inflation Perils Bush NYP
Inflation Accommodation PBear (Noland)
The Sleaziest Journalism on Earth Mauldin
Gold Boiling in Oil 3 Zeal
What a Week: Fear Factor Multiplies TheStreet
OPEC: Wait until June CNN
Oil cartel ministers delay decision on production; dodge discussion of Saudi boost proposal.
Still at its mercy Economist
The world economy remains vulnerable to the price of oil
Look who gets rich on $40-a-barrel oil CBSM
Fallout may be worse than 1929 market crash Miami Herald (CEPR.net) Baker
The Cheap Credit Crutch NewsWeek
House buying spree likely to bring new interest rate rise Guardian
China feasts on Canada's resources Globe & Mail
Canada: Household Credit Analysis CIBC PDF
The economic sheriff who stood up to inflation Boston Globe
Paul Volcker : The Making of a Financial Legend Amazon

Friday May 21
Forensic Expert Charged With Lying in Martha Stewart CaseMSO Surges
Prices at Gas Pump Hit $2.02/gallon-AAA Reuters
Saudis to Increase Oil Production by 8%, Propose Higher OPEC Quotas BL
Oil price hovers near recent high Reuters
OPEC maintains it's powerless
Fears of dwindling oil supply unfounded? Scotsman
High gas prices create dilemma Washington Times
High gas prices fuel lifestyle changes News Tribune
Gas prices may spawn new pirates Denver Post
When driving is a living, gas prices hit even harder USAT
Fed fiddles as inflation roars to life Larry Kudlow (Reg)
Ultimately, all these price movements are driven by excess liquidity supplied by the central bank...Supply-siders have every reason to be concerned that the Fed has waited too long to rein in unusually easy money. 
Flashback:
Dead-wrong inflation hawks Jan 9, 2004
Liberal Keynesian politicians and their academic advisors predicted inflation in the 1980s. They were dead wrong. Some of the very same voices are again predicting inflation now. They will be dead wrong again.
Bernanke: Fed Won't Rush Hikes IDB  Bernanke’s Remarks on Gradualism F
Dollar Softens on Dovish Fed Talk FT
Fed Funds at 4 Percent? Not Until Year-End 2005, Survey Shows Bloomberg
The Case For Deflation (Continued) Comstock
PIMCO's Gross sees deflation risk Reuters
Let the Market Do the Talking... Gold-Eagle (Rostenko)
Dollar bets come home to roost IHT (NYT) Norris
Risk Management' Is in the Eye of the Beholder Bloomberg (Baum)
The Political Stock Market Project Syndicate (Shiller)
Wi-Fi Service Market Braces For Fallout From Cometa Failure IBD
“Wi-Fi service providers are living in a dream world.  Many if not all of them will never be earnings-positive."
High gas prices tarnish SUV's appeal CS Monitor
Sales for large models fell 15 percent from a year ago
Mortgage rush leaves some homeowners overexposed Chicago Tribune
Lenders seeking to squeeze every last drop out of the housing boom are rolling out increasingly exotic and risky mortgages that bring inflated housing prices within reach of less-qualified buyers
Median price of housing in county hits record Sign-On SD
Home buyers scrambling to outrun rising interest rates...
Average home price tops half-million Davis Enterprise
“It used to be that in a situation like that, buyers would say they'd pay $1,000 or $2,000 over the asking price. But we have recently seen people paying as much as $50,000 over the asking price
Manufactured-home dealerships have been hammered in recent years Spokane
“It put people into homes who really shouldn’t have been there”
Pundits In War of Words NYP
A little feud is brewing between BusinessWeek chief economist Michael Mandel, author of the new book "
Rational Exuberance," and Princeton economist and regular New York Times columnist Paul Krugman.
Options Today, Restatement Tomorrow? Business Week  SSRN (R)
Swanson and his team found a direct correlation between large numbers of in-the-money stock options held by CEOs and an increased likelihood of an accounting restatement.
Wall Street Pay Soars; Directors Earn $1 Million as Signing Bonuses Double BL
Bezos got in on Google for six cents a share ST (Bloom)
Halliburton struggles with millstone around its neck HChron
Xcel shareholders fume over bonuses RockyMN
Qwest settlement a 'scam' RockyMN
Union at SBC Launches Strike in 13 States Reuters
Strong Capital and founder to pay $140 million for trading abuses ST (WP)
Apparel Maker CFO's Background Unravels CFO
CIBC to repay millions in customer fees CP
LCD shortage threatens new games handhelds Reuters
Chip equipment orders jump 111% Reuters  SEMI
NYSE Short Interest Dips NYSE
U.S. stocks funds have outflows of $200 mln for week ended May 19 TT
India and China -- Bumps in the Road MStanley (Roach)
Booming China Devouring Raw Materials WP Print
The construction frenzy that is crowning China's cities with skyscrapers and laying the works for modern industry has transformed it from a minor consumer of raw materials into a country that absorbed roughly half the world's cement production last year, one-third of its steel, one-fifth of its aluminum and nearly one-fourth of its copper.
China's current water shortage CE
China Is Global Economy's 800-Pound Gorilla Bloomberg
China's energy appetite fuels record prices FT
China's Energy supply 'dwindling' BBC
Real estate fever needs a cure China Daily
As to the causes for driving up property prices, many point to so-called "Wenzhou property-buying gangs."
China's gold market posts shining growth CD
The lure of China's new rich IHT (Bloomberg)
Brazil's Lula, Losing Support at Home, Seeks Recovery in China Bloomberg
Brazil's Central Bank Begins Taking the Heat Bloomberg
UK household debt hits Ł1 trillion This is Money
“Our borrow-now-pay-later culture has resulted in a new milestone for borrowing. The debt bubble facing the British public is truly awesome.”
Slowdown Or Crash? FindaProperty  OEF
Going, going ... The Age
Property prices are dropping, auctions are failing and buyers are suing to get out of contracts. The property party is over
No Mas: The Coming Argentinian Meltdown Mises
Venezuela: Strange figures from the Central Bank VCrisis
South Korea bails out borrowers BBC
Plan to assist millions of consumers who have built up huge credit card debts
M'bishi Motors gets $4 billion bailout CBSM Sells Stake to Phoenix Amid Loss
S.Korea to Indict Samsung Exec Reuters
Shanghai property mogul stands trial Shenzhen Daily
Moscow Government May Be Implicated in Sibir Energy Scandal MosNews

Oil prices pressuring the Fed SF Chron
The Fed and Pavlov's Sheep Gold-Eagle
Satire: Fed Chairman celebrates 100th birthday 321

Thursday May 20
Strong, firm to pay $140M in settlement CNN/Money
The Longer You Play, The More You Lose Sunday Times
U.S. May Philadelphia Fed Factory Index Falls to 23.8 Bloomberg
Intel Balks at a Request to Expense Stock Options NYT (R)
"It is Mr. Barrett's view that this is such a divisive issue, with roughly equal support on both sides, that it doesn't make sense to make a change at this time''
Fitch to keep negative outlook on Japan Reuters
What lies ahead in global oil crisis CBSM
The U.S. Leading Index Edges Up in April Conference Board
U.S. Initial Jobless Claims Rose 12,000 to 345,000 Bloomberg
Circus Game Pimco (Gross)
Prediction: The future of the USA stock market UCLA (Sornette) May 15
Hiistory books will record the true cost of Greenspan's cheap money policy Inde
Alan Greenspan Is No William McChesney Martin Forbes
Alan’s Re-nomination: Pride Goeth Before A Fall? NT PDF
The Short View: The Fed's big challenge NYT (FT) (R)
Underwriting Exuberance Gold-Eagle
Larry Kudlow insisted we're in a "boom" that would actually be helped out if the Fed got some backbone and started raising rates in half-point chunks; something he insisted would actually benefit the market.
What goes up... CBSM
Market recovery may take longer yet
Crude Oil Gains as Gasoline Reaches Record on Shortage Concerns Bloomberg
OPEC May Approve Saudi Plan to Boost Oil Quotas Bloomberg
OPEC: oil prices out of our control Reuters
Will We Run Out of Energy? Mises  PreMarket: Oil could foul stocks CNN
U.S. Treasuries May Fall; Inflation Concerns Curb Debt Demand Bloomberg
Bulls, Biases, and Hard Facts Elliott Wave
Fears over banks' lending to hedge funds FT
Regulators try to stop silver rumors CBSM
"(For) anybody who is a true believer that silver is manipulated and believes that with a religious fever, I'm sure this won't have much affect"
CBOT to challenge Nymex on metals FT
Profiling the new 'irrational investor' CBSM
Six mental traps investors blindly fall into, over and over
Selling Short Fannie Mae, Ligand and XM Satellite Bloomberg
Unprofitable companies turn to IPOs USAT
Of 11 companies scheduled to go public the next two weeks, seven lost money last year and six bled red in the first quarter.
Backlash on Stock-Option Bill CFO FASB Release
The proposed House legislation ''harms the credibility of America's system for providing transparent and unbiased financial information to investors,'' says the head of FASB's parent corporation.
Intel Shareholders Vote for Options Expensing AP
Don't pin hopes on HP Globe & Mail (Ingram)
Several Airlines Up Fares to Offset Fuel Prices Reuters
Amex faces charges over fund sales FT
Former Enron exec pleads to inside trading AP
Suits against ex-NYSE chief to come next week FT
Honeywell faces possible criminal charges FT
Five protesters arrested at Halliburton meeting Reuters
Funds need to wake up and smell the cynicism USAT
Sarbox Costs ''Unpredictable,'' Still Rising CFO
China voices caution on rate increases IHT (Bloom)
Is China's $1.4 trillion economy growing too fast? MSNBC
United Kingdom: A Little More, a Little Earlier Morgan Stanley
Italian May Consumer Confidence Falls to 10-Year Low Bloomberg
Blair's Profitless Prosperity Sidelines Investors Bloomberg
$1Bln of 'Suspicious' Sodbiznes Deals Moscow Times
The Central Bank revoked the bank's license on Thursday for breaking banking and money laundering laws, and unidentified gunmen took over the Moscow-based lender's offices Tuesday...tthe gunmen were suspected of shredding documents
Jailed Tycoons Circle Wagons Moscow Times
Coup fells Rentokil chairman Guardian
A breather for Yukos in tax fight IHT (NYT)
General Tells Congress Iraq Mission at 'Vulnerable' Point AFP

Wednesday May 19
Gold futures rise as much as $8 an ounce CBSM
Bush rejects calls to tap oil reserves Reuters
The Bubbles Mr. Greenspan has Created! Faber
Interest Rates in One Lesson North
The officially licensed counterfeiters gave  the T-bill market a shot in the arm. They still are doing this.
Bush Nominates Greenspan for Fifth Term AP
If Fed doesn’t act soon, the markets could see real trouble Jubak
Fed: Rate Rises Coming, But Slowly Reuters
Oil prices likely to keep rates low USAT
Special Report: Gas Pains CNN/Money
So why wouldn't oil prices rocket? Sydney Morning Herald
Up, Up and Away ABC
Ongoing Rise of Gas Prices Hurts Consumer Spending, Could Slow Economic Growth
Atlanta Fed Misses the Point Comstock
Fraud and Deception is the order of the Day! Financial Sense
Continental raises fares to pay for fuel CBSM
Food retailers likely to raise prices Dow Jones
Mortgage Applications Dropped Last Week Reuters  MBAA
FBI probes Cisco code possible theft FT
Three investment firms fined over IPO deals AP
The 3 firms neither admitted to nor denied the allegations in their settlements
Martha Fades to Black Business Week
Gold, Touted as Shelter, Gets Caught Up in Storms BL
Precious-metals funds rank as the best performing category of mutual funds over the last three years by almost 2-to-1 over their nearest competitor. They also stand as the worst performing group of funds for 2004 to date by almost 3-to-1 over the next biggest loser.
Gold prices seen shining in coming months Globe & Mail
CFTC: No silver market manipulation Reuters  CFTC LetterPDF
Butler: It is hard to imagine a more bullish conclusion and document than what the CFTC has just produced IR
Fast Forward Four Quarters - ‘BOJ Seeking Stronger Yen?’ NTrust
“
The dollar could be in for a tumble next year if central banks, led by the BOJ, cut back on their purchases of dollars as they no longer resist the appreciation in their home currencies.”
China: Growth of fixed asset investment slows down Xinhuanet
Beijing may raise rates to prevent overheating Guardian
Bottleneck in China threatens soyabean market FT
Old Reflexes Hurting 2 Asian Economic Giants NYT (R)
From India to Korea, Politics Spooks Markets Bloomberg
India: Equity funds bore brunt of Monday mayhem Rediff
Bank of England Says Rates May Need to Rise Faster Bloomberg
Venture capitalists warn of pension disaster Times Online
Europe: Rough markets threaten IPOs FT
Venezuela 1st Qtr GDP Grew Record 29.8 Percent on Oil Rebound Bloomberg
World Bank warns on Iraq reconstruction BBC
Economic oasis flourishes despite Mideast tensions FT
Bailout to leave Paris with third of Alstom IHT
Sodbiznesbank Locks Out Depositors
Scores of depositors lining up outside Sodbiznesbank's headquarters demanding the return of their money Tuesday. The Central Bank pulled the bank's license last week....It was unclear how the Sodbiznesbank affair might affect the public's trust in the banking system.
Central Bank Blacklists Sodbiznesbank’s Management Mosnews

Tuesday May 18
Lessons on rates from '94 fiasco Boston Globe
Housing Starts Fell 2.1% to 1.969 Million Rate in April Bloomberg  Census
Where have you gone, Rosy Scenario? CBSM (Kellner)
It is nothing short of amazing that there are economists out there who are still looking for strong growth in the months ahead.
Housing market is just a bubble waiting to pop HChron (Baker)
OPEC prepares for emergency talks AP
Facing up to the reality of a new oil crisis AME
Average Gasoline Price Tops $2 a Gallon Reuters
Taxi, trucking, airline and delivery companies are raising prices U
IMF talks down oil price surge danger BizWorld
1987 Warnings Revisited SH   Fahrenheit 451 321
On The US Dollar Squeeze Thesis Financial Sense
What's Really Eating the Markets? U.S. Debt TheStreet
A gigantic credit bust is about to happen in America. The prospect of that, not political or international events, is what's driving the stock market down.
Retirees drastically underestimate health care costs NCPA
Study: Offshoring of U.S. jobs accelerating AP
U.S. Questions More Halliburton Bills
Reuters
SEC accuses Lucent of $1bn dotcom era fraud Guardian
Nortel Probe Turns Criminal CFO
Ford Credit to Cut Branches, Shift Jobs Reuters
Fannie Mae average duration gap widens in April Reuters
Guilty Plea in Phony Google IPO NYP
Deutsche junk bond deal blows up NYP
India's Gandhi Trying to Back Out of PM Job Reuters
A day after their greatest loss in history, shares on the Bombay exchange extended morning gains, jumping almost 10 percent higher on the news before closing up 8.25 percent
Shattered and broke on Dalal Street Express I
“Everyone expected a decline in the Sensex. Why couldn’t the authorities have met on Sunday to prepare?”
Huge margin calls triggered free fall Rediff
Cascading margin calls forced speculators and big investors to keep selling in order to raise cash.
Coverage: Bloodbath on Dalal Street! Rediff
How much did the czars lose? TofIndia
RBI forms task force to monitor markets TodIndia
India Bullion markets saw huge volumes Sify
http://www.bseindia.com/
Rate fears, oil hikes savage Asian markets Business Times
Europe - All: Back to the Seventies? Morgan Stanley
Japanese GDP Grew at Annual 5.6% Pace in 1st Qtr Bloomberg
China: Credit support for projects in 10 industries suspended People’s Daily
Chinese flocking to gaming tables of Burma's sin city Independent
China's Congested Ports Delay Deliveries, Curb Growth Bloomberg
“It's typical for shipping lines to wait about 10 days to have cargoes of raw materials unloaded in China because they're so backed up”
Asia Honeymoons in Scary Shadow of Global Risks Bloomberg
It's futile to talk about a common Asian bond market as long as central banks dutifully hand over the region's savings to the U.S. Treasury.
Living in the shadow of Ming Sydney Morning Herald


Monday May 17
Brutal Monday on Street CNN/Money
The NY Fed May Empire State Index Eases Reuters  NYF
Dow drops triple digits CBSM
Stock futures set for rocky start CBSM
$, Stocks Fall After Crude Surges, Iraqi Leader Is Killed Bloom
$ Falls Versus Yen, Euro in Asia on HSBC Bombing in Turkey B
Gold Prices Jump in London After Bomb Attacks in Turkey, Iraq
Oil Hits Fresh High, Asia Stocks Drop Reuters
Stocks are Not Thermometers Hussman
Shocks and Landings Morgan Stanley (Roach)
Fed announces that they expect a stock market crash any day now McH (Pg3)
Oh, they didn't "speak" the words, no sage quote from a Fed governor or the venerable Chairman, but their actions did the talking.
We are not going to see new highs in stocks MSN (Fleck)
Russell on Bonds & Gold Gold-Eagle  Death Metal Obscene Prophets
Take it from Hu He and Buffett's pig - inflation isn't dead, it was only resting Tele
Don't Let the Fed Catch You Flat-Footed WSJ
Some Analysts Salute Markets for Already Raising Rates NYT (R)
Next financial bubble may hit close to home Philly Inquirer
Credit card rewards can help pay mortgage USAT
The Funk On The Street Business Week
Investors have too much faith, say hedge funds FT
Investors, Issuers Flee Junk-Bond Market CFO
Contagion is back and the damage is in junk FT
Apologies for so much gloom on a Monday, but someone has to provide an antidote to Wall Street's perpetual good news machine.
Treasury Notes Set to Resume DeclinesGold May Gain Bloomberg
In-Vest-Ment Worries NYP (Byron)
Intel's Big Shift After Hitting Technical Wall NYT (R)
DPL Removes Top Three Execs After Probe Reuters
Mutual funds face minimal scrutiny Knight Ridder
Senate Passes Measure To End Bias Against Investments In Gold, Silver Reid
London police thwart $70M gold robbery AP
Indian Markets Crash on Turmoil Reuters
Nikkei Below 10,500, Hits 3-Mth LowEurostocks Sink 2 Pct to 2004 Low R
China's Bubble Trouble CS Monitor
Asian Ministers Say Oil Prices, U.S. Rates Are Risks Bloomberg
Behind the volatility lie opportunity and fear Independent (King)
UFJ to shed half its bad loans by March Asahi
Brussels warns IASB over derivatives rules FT
Powell says his assertions were wrong ST

Weekend Edition (May 15-16)
Fannie Mae faces more income issues CBSM
Low Rates, High Expectations NYT (R) (Grant)
It’s Time To Cross Over Financial Sense
Market's stall may not be just temporary JS Online
Time Bomb Corrigan
The Summer Swoon: A Dearth of Value Frontline
NASDAQ Nation North
Wisdom of Jesse Livermore 8 ZEAL
Money and The Flip-side of Speculator De-leveraging PBear (Noland)
Inflation Consciousness Stirs Bugos  Richebacher
Gold: The China Syndrome Ing
Go Gently Into The Night? CIBC PDF
Oil Prices And Harbingers Of Doom Forbes
Rate Fears Stir the Bears on Wall Street AP
Risky bet for techs? CNN/Money
Tech companies are building up inventories, citing healthy demand. But what if the economy cools?
Junk bonds hit by prospect of higher rates FT
Freddie Mac, Fannie Mae Are Fast-Growing No Longer WP
When Citigroup Met WorldCom NYT (R) (Morgenson)
Vivendi chief investigated over bond purchase FT
Alarm bells ringing on bankrupt China World Net Daily
Assurances on China's Economy Belie Doubt Reuters
BOK's Park Says Rate Rise Wouldn't Curb Inflation Bloomberg
US trade panel approves duties on Chinese TV sets Reuters

Friday May 14
Oil Prices Reach a 21-Year High Today Reuters
WSJ: Russian bond market faces major crunch GTR
Fund Flows Mirror the Markets TheStreet
How Buffett Invests When Bargain Ideas are Scarce Bloomberg
U.S. Grand Jury Subpoenas Nortel Records Reuters
Industrial Output Stronger Than Expected Reuters  FED
Michigan Sentiment Index Holds at 94.2 in May, MNS Says Bloomberg
Consumer Prices Rise 0.2% Bloomberg  BLS
Rate hike agenda depends on CPI data Reuters
Oil at $41 All-Time High on Supply Fear Reuters
Opec defends oil quota Times Online
Markets are braced for long stay above $40 FT
A Crude Shock NYT (R) (Krugman)
So far, the current world oil crunch doesn't look at all like the crises of 1973 or 1979. That's why it's so scary.
Mr. Reflation Forbes
If Kubarych's inflation jeremiads sound something like those of Henry Kaufman, known in his heyday as Dr. Doom, there's a reason.
U.S. pump prices hit all-time high again Reuters
Economists Aren't Overly Worried about Rising Fuel Prices, but Consumers Are Dallas Morning News
Bill Coming Due - Energy Fuels Inflation Fears NYP
"These prices are economy wreckers.  The emergency is here and now."
Nova Scotia set to force oil companies to provide 48hrs notice of gas hikes G&M
OECD says the oil price angst is getting too crude Age (Bloom)
"A lot of the comments we've had on oil belong to the category of overreaction, and it's not helpful for public confidence"
The Long Road Morgan Stanley (Roach)
Fed Appears Certain to Raise Rate by .25 Percent Bloomberg (Berry)
Tech stock worries permeate market USA Today
'Fear' markers send mixed signal CBSM
If the so-called options market "fear" gauge is an accurate barometer, bearishness has infiltrated the broader stock market.
The 4-1/4% solution CBSM Fed funds may hit 3.5% next year CNN/M
A professor of economics at Miami University of Ohio, Seiver expects "rates to go up faster and farther than the Wall Street consensus."
Only 31 Jobs Added in 29 Months! Comstock
Al-Addin’s Lamp Corrigan
Take lid off inside sales before IPOs IHT (NYT)
Who's not going to get hurt when housing prices collapse? Slate
House Bill Would Impede FASB CFO
:The bill would require companies to expense only stock options granted to the CEO and the next four highest-paid officers”
Wave of Tax Shelters Could be Unleashed in Coming Weeks Accounting Web
“The House bill would send the message that the widely criticized style of income shifting associated with WorldCom and Tyco in order to avoid state taxes is just fine with Congress”
Consumer debt is skyrocketing. What does that mean for the U.S.? FLance-Star
Building big houses boosts plywood industry AP
U.S. airlines face crisis, despite big bailouts IHT (NYT)
How many lives does game industry have left? Cox
Dell's Income Up 22%, but Analysts Concerned About Chip Costs, Inventory AP
Cisco Board OKs Up to $5 Billion in Stock Repurchases TheStreet
Pfizer fined for false advertising Reuters
Riggs Fined $25 Mln in Laundering Probe Reuters
Five metals brokers convicted of bank fraud FT
3 of 7 alleged in scam land in custody Miami Herald
Former Rite Aid CEO could serve up to 10 years in prison AP
Black in fight to get his legal bills paid TStar  Black Days Indeed Economist
'Money Honey' leaves NYSE floor AP
“I'm still a little teary-eyed over it. I really don't want to leave, but I want to put more energy into doing some of these other things."
Maria Bartiromo Celebrates Ten Years at the NYSE NYSE
New flaw takes Wi-Fi off the air Register
Gold: The 50% Principle Russell
OTC derivatives statistics at end-December 2003 BIS  PDF
The bonds from Brazil Economist
Markets everywhere have fallen as the day nears when the Federal Reserve raises rates. Hardest hit have been emerging-market bonds
May 11: The echoes of history Buttonwood
China's April Inflation: Fastest Pace in 7 Years Bloom
The Hang Seng China Enterprises Index dropped as much as 4% today, taking its slide in the past month to about 20%.
China's molten-hot industry a mixed blessing for Canada Globe & Mail
“When you hear people talking about getting out of the chicken-producing business amid the bird-flu crisis to invest in steel, you have an idea how hot the investment sentiment is”
Shanda IPO falls $110m short of target FT
Turkey, Russia, Brazil Bonds Fall Before U.S. Inflation Report Bloomberg
Sensex crashes 333 points; biggest fall in 7 years Rediff
Nifty also fell 8 per cent, the biggest intra-day fall in its history India Times
Foreign Funds Won't Flee New Government? Dow Jones
Germany falls deeper into stability pact breach Guardian
Higher Costs To Hurt Nestle Malaysia Dow Jones
Mitsubishi eyes private equity for bail-out Age
Witching hour approaches for insolvent Air Canada T-Star
World Bank Corruption May Exceed $100 Billion Reuters
Defense official estimates '05 war budget will top $50 billion AP
Iraq's Central Bank Plan Goes Beyond Basics Bloomberg
Iraq Contractors Fight Thinning Ranks, High Insurance
Saddam lawyer suing UK for prisoner abuse UPI

Thursday May 13
Greenspan to students: Music was first love AP
U.S. Oil Price Hits $41 on Global Growth Reuters
Dollar Trades Higher Dow Jones
The euro suffered earlier Thursday after Saudi Arabian Monetary Agency vice central bank governor Muhammad Al-Jasser suggested it's not yet a major reserve currency.
Rates spike to eight-month high CBSM
Homebuyers flock to adjustables as fixed-loans jump
China Releases Mixed Report Card on Effort to Slow Roaring Growth AP
Producer Prices Rise 0.7%; Core Rate Rises 0.2% Bloom  BLS
Retail Sales Fall 0.5%; Ex-Autos Decrease 0.1% Bloom  Census
Initial Jobless Claims Increased to 331,000 Last Week Bloomberg
Treasuries Yields: Fresh Highs After Data Reuters
”In our view, the table above is proof that the mania endures” Cross Currents
Why do people fall in love with stocks? Cuban
Great Grump has a sunny side CBSM
Corporate Bond Issuance at 18-Month Low CFO
Opec undecided over oil increase BBC  “OPEC Powerless” R
Oil Holds Above $40 a Barrel for 3rd Day Reuters
Feeling for Oil's Ceiling TheStreet
“I think that $45 area is going to do the job and lighten up the demand a little bit”
Hubbert's Peak goes global CBSM
Why the coming oil crisis will be structural
Whose pocketbooks are hit by $2 gas prices CS Monitor
Gas prices hitting SUV sales? CNN
Natural gas storage firms subpoenaed in probe-WSJ Reuters
Attacks from the Periphery PBear
Real World Economics: Was the boom just an echo? Pioneer Press
Bond Funds Head for Biggest Losses Since 1990 Bloomberg
Most corporate pensions remain underfunded -survey Reuters
Companies Must Issue Pension Warnings CFO  PBGC
The Rise (and Fall?) of Housing Schaeffers
Drop the Hammer on Homebuilders? Business Week
People throw out common sense in rush to buy homes Mecury News (R)
You don't go deep-sea diving with just a snorkel. Sorry to say, that's what folks are doing today. The water could get darker, and colder, than they think.
Housing bubble has definitely not burst SCruz Sentinel Top Housing Markets
Freddie Mac chief says company growth to slow-WSJ Reuters
Optimism, Facts, Thorns ... and "Rosie scenario"? Elliott Wave
CEO Pay Continues To Soar CBSM
Cisco's story doesn't add up CNN/Money
Networking giant's good news predictions should be taken with some cautious salt.
Jefferson furniture maker closing AP
Partial settlement reached in Enron case USAT
Gap finds worldwide labor violations Reuters
Wal-Mart Profit Up; Gas Prices Worry CEO Reuters
States May Bear Brunt of `New Imperialism' Bloomberg
“Colossus'' is compelling and statistics-laden. Read it if you want to know why we win the war, and lose the peace, and why your taxes are going to go up.
Book: Colossus: The Price of America's Empire Amazon
China's Industrial Production, Money Supply Grow 19% Bloomberg
Is China's economic miracle in meltdown? BBC
China's banks are technically insolvent, with bad debts making up 45% of their loans, according to Standard & Poor's.
China's Bubble Tempers Korean Investment Korea Times
New economic giants India and China give a twist to the global recovery Inde
This year alone China is adding as much new generating capacity as the entire installed capacity of the UK.
Rates must rise to halt inflation, says Bank Times Online
Whiskey Gauge Shows South Korea's Debt Hangover Bloomberg
Korea's whiskey consumption is a barometer of how confident the country's 48 million people are feeling about the economy.
India industrial production jumps 6.9% IHT (BL)

US trade gap fuels fears over global economy FT
Economists had hoped the fall in the dollar of nearly 30 per cent since its 2001 peak would help close the ballooning US trade gap.

Wednesday May 12
March Trade Gap Widens to Record $46 Billion Bloomberg
Bush taking time to renominate Fed chief Greenspan Reuters
“The longer the White House waits to reappoint him, the more it will invite speculation that the appointment is being held up to lean on him over hiking rates so close to the election”
A Highly Significant Market Breakdown Comstock
Oil Demand to Rise the Most in 16 Years, IEA Say Bloomberg
U.S. gas prices to hit $2.03 a gallon Reuters  EIA Release
Oil isn't the only fossil fuel that's in crisis Slate
What's the cause behind rising gas prices: differing views Scripps
How soaring gas prices affect everyday life ST
The Threat of Rising Interest Rates North
Deny, Deny, Deny, $2.65 Billion Forbes
Back to the '70s CNN/Money
Disco, bell-bottoms and the Eagles may not make a comeback, but lousy stock market returns might.
U.S. consumer debt Globe & Mail
A one-percentage-point rise in rates reduces U.S. consumer cash flow by nearly $200-billion.
Housing bets SacBee
Bill Ick lost big in the stock market four years ago but says he's since more than recouped those losses playing Sacramento's housing market
Home Loan Refinancings Fall as Rates Rise Reuters
No Partying Like It's 1999 Newsweek
More investors opting off roller coaster AP
The struggle to pay rent is about to get harder CS Monitor
For many Americans the claim of an economic recovery is laughable TomPaine
Hollinger may sue Perle and Kissinger Times Online
Basel II rules pose sweeping changes for banks Reuters
There is nothing new under the sun, particularly in accountancy TO
Sarbanes-Oxley is turning into the Y2K of accountancy
Bank of England hikes inflation forecast, paving way for more rate rises AFP
Japan Sold a Record 14.8 Trillion Yen in 1st Qtr Bloomberg
Russian stocks slide, wiping out 2004 gain IHT
India: Waning FII flows ring alarm The Telegraph
GoldSpring Requests Delisting From Berlin Bremen Stock Exchange PM
Listing Took Place Without Knowledge, Consent Or Cooperation From Company Or Officers And Directors;
China: Public toilets in capital attract investment Xinhuanet
Analysis: US dream for Iraq in doubt BBC
Video shows beheading of American captive in Iraq CNN

Tuesday May 11
Exported Inflation and Crises Financial Sense
Oil futures end above $40 for first time since Oct 90 CBS
U.S. Panel Asks Probe of Bank Mutual Fund `Conflicts' Bloomberg
Oil Rebounds on OPEC Capacity Doubts Reuters
China to tighten monetary policy Xinhuanet
Europe Think Tank Sees U.S. Rates Rising Reuters  OECD economic Outlook
Is a U.S. Bond Crash Coming? Cycle Pro
Is the Tightening Cycle Likely to Be Different From 1994? Northern Trust PDF
Schaeffer is long-term bearish Schaeffers
What Are They Smoking At The Labor Department? NYP (Crudele)
Don’t get too excited about all those new jobs that were supposed to have been created in April.
Oil kingdom 'in chaos' unnerves markets and threatens health of g-economy IND
Indonesia warns of high oil prices through summer FT
“There is not much Opec can do.”
Kuwait Says OPEC Not to Blame for Oil Price Spike Reuters
OPEC is not to blame for a spike in oil prices...most oil producer cartel members were pumping oil well over their official quotas to keep the markets calm.
Fed's Olson concerned over real estate lending Reuters
Cassandras & the Optimists Gold-Eagle
Buffett’s Dollar Bet Goes Bad? NYP
The legendary investor bungled an $18 billion bet on a weaker U.S. dollar last quarter, and lost as much as $600 million in five weeks...the positions have produced more investment gains than losses to date
Wage Rage CS Monitor
Average weekly wages in 2003 for nonmanagement workers in private industry were actually $116 lower than 30 years before
Missing their cut Boston Globe
Companies are profiting, but workers aren't seeing it in their paychecks
Inflation Returns, with Different Causes This Time Miami Herald
Increase in Plywood Prices Revive Mills AP
Ice cream prices heat up for summer AP
Builders say buyers hurt by rising cost of materials Bradenton Herald
Construction booms even as prices for material soar Alaska Journal
Home prices in region continue to surge Baltimore Sun
Home prices still climbing on Valley Isle Star Bulletin
Analysts Fear Bubble on Biotechnology IPOs E-Commerce Times
Atlanta Fed paper urges tough GSE oversight Reuters
Fannie Mae Says Its Equity Fell by $1.6 Billion in First Quarter NYT
Delta Air May Seek Bankruptcy If It Can't Cut Costs Bloomberg
Revlon to Sell Debt as Interest Rates Rise, Slowing Issuance Bloomberg
Anyone who placed debt last week is glad they did versus doing it later
The Bear's Lair: The Google gross-out UPI
For a start, Google doesn't actually make any money, if you value the company on a "going concern" basis and take account of stock option issuance.
EDS Considers Cutting Dividend AP MCI to cut a further 7,500 jobs FT
Ford gives dealers incentive to move F-150s Reuters
Churchill Downs to Restate Revenues CFO
The racetrack owner determines that ''different horses for different courses'' shouldn't apply to its accounting practices.
IBM to launch Microsoft software bypass FT
Former Cendant executives accused of inflating earnings AP
Morgan Stanley may face action by Wash. state -WSJ Reuters
Martha may play layoff card Reuters
Report: Stewart's lawyers to argue she should be spared jail time to avoid job cuts at her company
Former Reliant trader to pay $25,000 in fines H Chron
Black 'plundered company to fund his extravagance (and pay his wife's tips)' Inde
NYSE Response: Apology?  Fuggedaboudit NYP
Tax refunds falling short of most hopes BS
Physical demand picks up, India slows down Reuters
Premiums for gold bars in Asia are at their highest this year
China: Administrative Tightening Measures -- Now on Prices MS (Xie)
China fears prompt outflows from Asia FT
Largest weekly outflow since UBS began keeping records in 1998
Manic Monday on Asia stock markets Asian Times
One broker in Seoul told reporters it  was "worse than the Asian crisis".
South Korea feeling pinch from 'China shock' AFP
S. Korean Govt Holds Emergency Meeting on Stock Market Crash Yonhap
South Korea takes quick steps to control markets AFP
"Institutional investors will be asked to hold off excessive stop-loss selling of their shares"
Will China export a slowdown? IHT (Bloomberg)
Steel price drops 17% as slowdown bid pays off Xinhua
Is East Asian Currency a Pipe Dream? Bloomberg
Individuals join online-trading bandwagon Japan Times
Recovery of Japanese share prices tied to rising tide of Internet investors
Brazil markets slammed again by U.S. rate outlook Reuters
Latinamerican markets collapse MercoPress
How Scary Is The Aussie Dollar's Dive? Business Week
Qantas: fuel surcharge "due to a substantial rise in jet fuel prices." Dow Jones
Italy escapes Euro budget rap BBC
Dr Doom predicts looming gloom for the Swiss Swiss Info
Faber says the standard of living in Switzerland will go down and that adjusting to the situation will be a painful process for many people.
Russian gold, forex reserves down $734 mln in April Interfax
ECB's Issing says central banks should not try to 'prick' asset price bubbles AFX
EU eyes first WTO action against China over coke Reuters
UBS fined for issuing dollars to Cuba Swiss Info
Another conspiracy hunt Globe & Mail (Ingram)
The federal Competition Bureau said recently that it is conducting yet another investigation into collusion in the gasoline business in Canada
Canada a money-laundering haven: agency G&M
There are more active terrorist groups operating in the country than anywhere else in the world
Chiquita paid alleged terror groups Reuters

Behind dip on Wall St. is sheer fear Det FP

Monday May 10
U.S. stocks tumble as rate fears push Dow below 10,000 CBSM
Even doubters see June rate hike CBSM
The last three holdouts on Wall Street have surrendered.
Treasuries Steady, Carry Trade Unravels Reuters
Rate fears batter global markets BBC  Brace yourself, Wall St.! CNN
Debt traders fear 'meltdown' aftermath FT
“The last time we saw something like this was in 1998 during the Russian crisis."
Turkey, Brazil Lead Third Day of Emerging-Market Bond Declines Bloomberg
Emerging bond sale frenzy seen slowing Reuters
Worst Emerging-Market Bond Drop in 5 Years Bloomberg
Could a crash be coming? CBSM (on Russell)
Global Wild Cards Morgan Stanley (Roach)
Fed to Tighten in June; Storm Clouds Ahead? Morgan Stanley
Softly approach might prove to be Greenspan’s ruin TO
The Fed has lost the bond market’s confidence Fleck
People are starting to believe the inflation they see, not what Alan Greenspan tells them.
That old Greenspan magic seems to be fading Guardian
The Trillion Dollar Question: Interest Rates Kitco (Russell)
US trade deficits and foreign debt: problems or symptoms? Brookesnews
Rate level is no yardstick to predict the future Independent (King)
The Coming Slowdown Hoisington PDF
Managing a Portfolio of Risks Hussman
Inflation fears on the rise again SF Gate
US furniture makers to risk lifting prices FT
Price Hikes for Milk Are Bad News for Chocolate Makers/Lovers ABC
Saudi Oil Minister Calls on OPEC to Boost Output Bloomberg
Oil May Rise Above $40 This Week, Survey Shows Bloom
Sabotage Hits Iraq's Southern Oil Exports Reuters
Gas Prices Jump 10 Cents to $1.93/Gallon Reuters
Pump Price Pain Percolates CBS
Gas theft needles area merchants Baltimore Sun
Gas Thefts Rising In Rock Hill WSOCTV Texas
War tab swamps Bush’s estimate SF Gate
Spending projection: $150 billion by 2005
Can Schwarzenegger tame states $17 billion shortfall? AP
Zoos Grappling With Lions, Tigers and Deficits FoxNews
State might seek more gambling money Chicago Sun Times
Big raises not coming for workers COX  JobWatch
The Looming Property Crash Gold-Eagle
Fewer Government Bailouts for GSEs? CFO
Fannie's 10-Q filing to reveal missing data FT
Fannie To Avoid Restating Results After Accord With SEC Dow Jones
Nortel in Default of Financial Reporting Rules CFO
Citigroup to take $4.95B charge CNN  Settlement Hits Citigroup in Pre-Trade R
Gray Outlook At MSO NYP
Prince pasta firm may file Ch. 11 Reuters
Grasso: Street Fighting Man Newsweek
"If I give back a dime, that's an admission of guilt. I can't do that. But if they say I'm an honorable man and I did nothing wrong, it's the end of the issue. If not, let's go to war."
Inbox Inquiries NYP
CEOs still riding the gravy train CST
The Quattrone Conviction Mises
Quattrone's past returns to haunt him Denver Post
Schwab cuts headquarters in half American CBJ
Ebookers to cut 270 jobs Reuters
Feeling lucky? Watch out for IPO hype Silicon Valley/SJ BJ
Gold Falls to Six-Month Low in London as Dollar Strengthens Bloomberg
Gold Price Revised UBS PDF  Gold May Rise, Survey Says Bloom
Nikkei suffers biggest daily loss since 9/11 FT
Asian Stocks Have Biggest Plunge in 2 1/2 Years Bloomberg
China's Plan to Raise Rates, Tame Growth May Hurt World Economy Bloomberg
Will China's boom end in a crash? Taipei Times (NYN)
China caps provincial price hikes amid inflation fears Reuters
U.S. presses China on currency reform Reuters
German deficit may breach EU fiscal rules again, admits Eichel FT
Shareholder group tackles big business over bosses' options Times Online
What's a poor investor to do when houses, bonds and shares are dogged by the bears? Independent
India sees the tip of the foreign cash iceberg FT
Public continues to lose millions to evolving illegal schemes Chicago Tribune

Weekend Edition (May 8-9)
Charts: Inflated Anxieties CIBC PDF
Illusions  Financial Sense (Puplava)
Faltering "Financial Sphere" PBear (Noland)
A Mass of Alpha Frontline (Mauldin)
Emerging debt-Prices collapse after U.S. jobs data Reuters
“The only people who should invest in emerging-market debt are those who need a loss for tax purposes” 
Economist Feb 3, 04
"Market Monitor"-Bernie Schaeffer NBR
Hollinger lawsuit against Black increases Globe & Mail
US Airways May File Second Bankruptcy NYP
Personal bankruptcies at 10-year high Independent
Be happy, says Dr Doom Guardian
“When you hear people talk of a new era, you know you are in huge trouble”
Olympics' cost pushes Greece over EU deficit limits IHT (BL)
More petrol price rises on way Guardian
Fear for growth as oil futures hit $40 a barrel Inde Chart
U.S. planning for Israeli strike at Iran UPI

Friday May 7
Oil Hits $40, First Time Since Gulf War Reuters
Payrolls up 288K Bloomberg  BLS - T’s Fall - $ Surges - Gold drops
Measured Bubbles Morgan Stanley (Roach)
Double Bubble  Cross Currents
Market Again in No-Win Situation Comstock
The Fed's Inflationary Cocktail 321
The 'New Economists' and the Great Depression of the 1970s Mises
Emerging-Market Bonds Have Biggest One-Day Decline Since 2002 Bloomberg
Oil Price Update: Still Higher and More Uncertain Morgan Stanley
The Oil Crunch NYT (R) (Krugman)  On Brink of $40 Reuters
Gas prices at another record high Newsday
More pipeline problems could further affect gas prices RenoG
Fears that oil price is fuelling inflation FT
Gold Stock Valuations Zeal Will Gold Hold Its Luster? IW
Rates on 30-year mortgages rise for a 7th week USAT
Freddie, Fannie are risks - Fed's Poole CBS
Fannie Mae Is Ordered to Restate Some Losses NYT (R)
Google urged not to become “fat, dumb and lazy” Times Online
Krispy Kreme Warns on Profits Reuters
Martha's media company posts loss AP
Big Three Automakers Beef Up Incentives   Reuters
InfraSource chops IPO in half to get it done CBS
Does Morningstar's upcoming IPO deserve a 5-star rating? CBS
Spitzer insurance probe wider than thought WSJ
SEC accuses Pimco firms of fraud in trading probe AP
NYSE Banishes All Signs of Grasso NYP
Microsoft's Sales Growth Limited by Delays in Windows Upgrades Bloomberg
Intel to 'ditch' Pentium 4 core after Prescott TheRegister
KPMG Must Reveal Tax-Shelter Clients CFO
U.S. stock funds have inflows of $600 mln CBSM
Bank lifts rates and signals more increases to come Independent
China Anxiously Seeks a Soft Economic Landing NYT (R)  Alternative
3 big threats to China’s economic miracle MSN (Jubak)
China auto production up 25 percent in first quarter AFP
Asian economies to suffer from soaring price of oil Business Times
Jasdaq chief to resign over unreported Yahoo trading Japan Times
Buyers of Philippine sovereign bonds beware Dow Jones
Bush Apologizes for Abuse, Backs Rumsfeld Reuters

Greenspan’s Dire warning on deficit AP

Thursday May 6
Greenspan Warns on Trade, Budget Gap Reuters
“The United States economy appears to have been pressing a number of historic limits in recent years without experiencing the types of financial disruption that almost surely would have arisen in decades past...”  
Greenspan’s Remarks FED
IMF's Rato Urges Action on U.S. Deficits Reuters
U.S. Initial Jobless Claims Fell to 315,000 Last Week Bloomberg
Productivity, Labor Costs Rise Reuters  BLS
Treasury Yields Hit Two-Yr Highs on Data Reuters
Expect Big Job Boost for April NYP (Crudele)
Inept politicians a financial threat CBSM (Farrell)
The looming oil crisis will dwarf 73 CBSM (Erdman)  Near $40/B
A disruption of Saudi supply: "event to which no one has an answer."
Higher oil could be here to stay Globe & Mail (Ingram)
Analysis of the Impact of High Oil Prices on Global Economy IEA
Book: The Coming Oil Crisis Amazon
Is inflation lurking around the corner? Or is it already here? USAT
Inflation, Then Rising Rates Industry Week
Inflation Trends and The Federal Reserve BofA PDF
Margin Lending Goes Mainstream, Again Business Week
Four years after the bubble burst, investors are stepping up their borrowing to buy stocks
Retail Sales Slow After Strong Easter Reuters
Citigroup Says SEC Is Probing its Losses in Argentina Bloomberg
Lea Fastow to Plead Guilty in Tax Case AP
Fannie courts SEC on accounting Reuters
Quarterly report shows squeeze at Trump casinos IHT (NYT)
eBay Wants More Options but Balks on Expensing TheStreet
The Stock-Option Myth Business Week
Study indicates that they do little to lift the performance of rank-and-file workers
Disney accused of censorship FT
Adidas will put microprocessor in shoe CNN/M
Early Picasso fetches a record $104m FT
AG ending Grasso probe Newsday
Now he's getting ready to slap a lawsuit on the former New York Stock Exchange chairman
NYSE's Thain Calls $36M Grasso Pay Reserve Conservative DJ
NYSE Reports Net Income of $49.6 Million in 2003 NYSE
China: Gauging the Coming Adjustment Morgan Stanley (Roach)
China's Demand for African Oil Helps Boost Gasoline Prices Bloomberg
Korea on alert over Chinese slowdown Korea Herald
Bank of England raises rates to 4.25 per cent FT
Failure to raise rates ‘would wrong-foot City’ Times Online
Abbey's pre-emptive strike with mortgage rate rise Guardian
Mortgages follow buyers to the grave Times Online
Leading lenders are offering deals that will last until a prospective homeowner is over the age of 100
Thailand: Visa moves to ease concerns over consumer-finance bubble TheNation
Bush Seeks $25 Billion More for Iraq, Afghanistan Reuters
The White House had long insisted it would not need extra money until next year
Treasury to Offer 2 Inflation-Indexed Notes to Help Finance National Debt AP
Why Bush Didn't Apologize Slate
Car Bomb Blasts Entrance to Baghdad's Green Zone Reuters

Wednesday May 5
Oil Surges to New Highs on Security Fears Reuters
Services Index Reaches Record in April Bloomberg  ISM
Prepare for worst, market seer warns MSN
Stewart and Ex-Broker Bacanovic Denied a New Trial Bloomberg
Li may sell Priceline.com stake Bloomberg
A Brave New World Pimco (McCulley)
China and the Fed: twin piques Economist
China and America are both about to start tightening monetary policy to ward off inflation. Financial-market traders have reasons to worry
Mortgaged to the hilt, betting rates stay low IHT (NYT)
"I may think a person is being allowed to borrow too much. But if the computer tells them they're approved, what can you tell them?"
Oil Prices Hold Strong Near 13-Year High Reuters
Oil boils: Letters expect more CBSM
OPEC's shocking oil reserve boondoggle Asia Times
The FOMC Statement: Something For Everyone Comstock
Fed Drops `Patient'; Now the Question Is, When? Bloomberg (Berry)
Last-chancers lift mortgage demand Reuters
Economic Parasitism -- a liquidity crisis coming? Daily Reckoning
For Wall Street, signs that the '90s are over CS Monitor
States Spend Tobacco Settlement on Budget Shortfalls Heartland
Workers charged $16 billion to federal credit cards in 2003 Washington Times
SEC Sues Former Controller CFO
No rush for gold anymore in uncertain times Mineweb
Seven tips for avoiding 'Googlebay' CBSM
The Coming Profit Shock Morgan Stanley (XIe)
The Chinese Syndrome In Reverse? Asia Times
Fears of boom going bust loom in China Chicago Tribune
China's appetite for metals seen largely intact Reuters
Rate rise 'inevitable' after triple whammy Times Online
Australia's Macfarlane Leaves Punchbowl Out Bloomberg
Emerging market debt: worst month in April since the Argentine debt crisis FT
Recurrence of Financial Crisis Warned Korean Times
Bankruptcy warning for Alitalia BBC
BAE chairman named in 'slush fund' files Guardian
London Bankers Splurge on $169 Chablis, Gems as Profits Return BL
Greek capital hit by triple blast BBC

Tuesday May 4
FOMC Statement FED
At this  juncture, with inflation low and resource use slack, the Committee believes that policy accommodation can be removed at a pace that is likely to be  measured.
Layoffs in April Rise 6.1 Percent AP
March Factory Orders Rise 4.3%; Ex-Transport Rise 4.4% Bloomberg  Census
Translating word of the Fed to man Boston Globe
As a member of a Federal Reserve advisory panel in the mid-90s, economist Ken Mayland noticed only two books in the Fed's board room in Washington, D.C. One was a thesaurus.
Cheap money era is ending This is London
The Fed's oil slick CNN/Money
Fed Should Have Raised Rates by Now, Buffett, Pimco's Gross Say Bloomberg
The Fed should lift its benchmark rate to 2.5 percent and `”they should get there quick and not with baby steps” 
Fed Won't Raise, Just Move Rhetorically Closer Bloomberg (Berry)
Slower Growth, Higher Inflation Puts Fed in a Squeeze NYP (Crudele)
Six in 10 Americans Confident in Greenspan’s Economic Leadership Gallup
Will Asia Get Jumpy When Fed Loses Patience? Bloomberg
Pray that China's bubble won't burst IHT (NYT-Friedman)
If the China bubble bursts, it will be the mother of all burst bubbles.
Completing the Top! Gold-Eagle
A Record Buying Binge vs a Record Selling Binge: Who's Right? Eliott Wave
The Bear's Lair: The demographic dilemma UPI
Aging Population/Growth in Retirees Will Impact Investing Landscape PRN
Soaring health care costs squeeze states Stateline  Free Market Medicine Paul
Social Security bailout left out longer life factor HChron (Burns)
Oil Price Hits Highest Level Since 1990 Reuters
Pump price going up again Rocky Mountain News
Many save on food to buy gasoline Baltimore Sun
Why Are Gas Prices Climbing? New American
Consumer goods prices edge higher USAT
Big jump in farm prices filters down to area stores Boston Globe
Manufacturing survey: Inflation pressures highest in 10 years in Midwest AP
The Deflation Dog Didn't Bite After All Mises
Taxpayers and Consumers are being Milked NCPA
Milk will cost 60 cents more this week than last, and twice as much as it did last year -- because the U.S. government has decreed it.
'Hedge funds are an accident waiting to happen' ST (R)
NASD Warns on Mortgage Risks AP NASD Release
Gates agrees to pay $800,000 penalty for Icos investment S-Times
Coke criticism just fizz, Buffett says AP
Airline executives predict some carriers will fail AP
US fund criticises Google's share structure FT
Two biggest U.S. futures marts post record volume Reuters
Viet Nam imports more than 15 tonnes of gold in four months VNA
Barclays and JP Morgan front runners for gold seat Independent
Euro Rises to a 2-Week High Bloom  Gold Up Ahead of Fed Kitco  - Reuters
What Warren Buffett wants you to know CNN/Money
Sasser worm creates havoc TheRegister
When China brakes, the world slows MSN (Jubak)
When China's economy sneezes ... Asia Times
Who’ll pick up the pieces when the bubble bursts? Sunday Herald
AIM to battle Nasdaq for floats by Chinese growth companies Independent
Slow growth in Europe's economic old age Independent (King)
British Borrowing continues to soar Times Online
Statistics watchdog demands end to government spinning Times Online
Shell signs 'Mother of all outsourcing deals' TheRegister
Iraq Costs Surge, May Force Bush to Shuffle Funds, Seek More Bloomberg
China Confirms 3 More SARS Cases DPA

Monday May 3
US SWAPS-Long end pushes wider, anticipating FOMC Reuters
CSFB's Quattrone Convicted of Obstruction, Tampering Bloomberg
GM delays April sales report due to glitch Reuters  Ford's Sales Slip DJ
April ISM Manufacturing Index Falls to 62.4 From 62.5 Bloomberg ISM
Construction Spending Rose 1.5% in March to Record Pace Bloom  Census
Second guessing Mr Greenspan FT
Fed Speaks, Jobs Report Provides Accompaniment Baum
Fed, mindful of jolt in 94, exercises caution on rate rise AP
Fed May Lay Groundwork for Rate Hike Reuters
Rates can't remain low much longer Det Free Press
Buffett warns inflation 'heating up' AP
U.S. Readies World for Higher Interest Rates AFP
“Back in 1994, the Federal Reserve surprised the market by pushing the interest rate to six percent from three percent in a year.  The mortgage market almost melted, Orange County went bankrupt and the Mexican peso crisis ensued..."
Alan probably goes into a cold sweat when he thinks about China overheating B
When China Sneezes... Morgan Stanley (Roach)
Commodity markets are no different from any other markets: If you take away the major demand spark, pricing should follow -- possibly with a vengeance.
Investors finally may be waking up MSN (Fleck)
The harsh reality of how overvalued stocks really are -- and how the Fed’s overvalued reputation has led them astray -- is setting in at last.
It's Dark, and We're Wearing Sunglasses Hussman
Russell On The Bear Market Gold-Eagle
The Dollar: What Goes Up... Business Week  May: FX Outlook Scotia PDF
Its revival has relieved the world's central bankers of a major worry. Sooner or later, however, they know the decline will resume
Debt risks are a time bomb set to explode Herald Net
The market for credit derivatives such as CDOs is expanding rapidly, and the lack of an integrated risk model becomes more critical each day.
In the Spinoff Sunshine, Storms Are Easy to Forget NYT (R) (Morgenson)
Turnaround in Advertising Doesn't Extend to Magazines NYT (R)
It's Better (and Worse) Than You Think CFO
Nearly half of the finance executives we surveyed report that they still feel pressure from their superiors to use aggressive accounting to make results look better.
Another brick in the wall (of worry) CBSM
The average investment newsletter editor is just as bearish today as he was when the Iraq war began, 14 months ago
Skittish Investors Toss Their Chips TheStreet
Teenagers are facing the worst summer job market in decades USAT
“If anything like this happened to the adult workforce, you'd call it a depression. It's that severe."
Virginia tax hike could lead to higher taxes elsewhere Stateline
Anti-tax groups fear the first major tax hike in nearly two decades in the Old Dominion may have a ripple effect in other states.
UAE: OPEC could boost oil output Reuters
Bulls dominate crude price forecasting Financial Post
“Though most analysts believe the inexorable rise of crude prices must end some time, no one is willing to predict just when the bubble will burst” 
Oil: Still crucial and perilous Guardian
The Case for a Genuine Gold Dollar Mises
Put my money on gold, not dollars Sunday Times
Hugo warns that US debt will make markets unstable
Analyst still bullish on Gold MoneyWeb
Gold May Rise as Fed Likely to Leave Rates Unchanged BL
Precious metals are getting set to go for gold Independent
Buffett Increases Bet Against Dollar, Looks for Acquisitions BL
Joy and worry in land of the 'Oracle' Newsday
“They are experts more in sales than financial management or wealth creation”
Buffett aligns himself with Kerry Times Online
Time for US rates to rise - Buffett SMH
Consolidated banking statistics for 4Q03 BIS
Bank Failures in Mature Economies BIS
Report: Grand Jury to Probe Coke Reuters
UBS braced for Fed punishment FT
NYSE’s No-Tell Nortel NYP
NYSE Sets Aside $36 Mln to Cover Severance for Grasso Bloomberg
Beware IPO snake in Google's Garden of Eden Toronto Star
Angry Google cuts Goldman out of IPO Reuters
Bank of America Uses Own Home Loans to Beat UBS, Bear in CMOs Bloom
U.S. Is Losing Its Dominance in the Sciences NYT (RLiquid armor RMN
China's Turn to Take Away Party's Punch Bowl Bloomberg
Global View: The Chinese century begins UPI
Corruption probe into China Life BBC
China seeks to rein in rising fuel prices IHT (Bloomberg)
Volkswagen Plans to Build Plant in China Reuters
Anheuser-Busch buys Chinese stake CBSM
Twilight is falling...and Brown's successor may have that morning-after feeling In
Will intervention-happy BOJ see new risks as danger or deja vu? Japan Times
Aristocrat investors sue the company SMH

Weekend Edition (May 1-2)
T
he Character Of Slack  Contrary Investor
Financial Markets Forecast and Analysis SH
Silver Corrects or Crashes? Zeal
Federal Reserve Miracle? PBear (Noland)
Building on the Bubble The New America
The Yield Curve, Part 7 Frontline (Mauldin)
Keep Partying Like It’s 1999? Northern Trust PDF
The deficit debate CNN/Money
The Conventional Wisdom -- Then and Now Elliott Wave
Harsh lessons don't dim new investors' faith St. Louis Post-Dispatch
The Case for Privatizing Fannie Mae and Freddie Mac Grows Stronger AEI
How Much Longer Will We Be Conned by `Talent?' Bloomberg
Hollinger Inc. to Delay Results, Meeting Reuters
PepsiCo Faces SEC Complaint in Kmart Probe TheStreet
Trump to delay a payment Newsday
Pimco's Bill Gross Battles Regulators, Shaky Market Bloomberg
Fidelity patriarch sells $184M in stock Reuters
SARS: China confirms fresh case CNN

What a Week: Bets Are Unraveling TheStreet  Sell in May?
Volatile week costs Nasdaq 6.3%, Dow 2.4% CBSM
Gold's monthly loss tops $40 CBSM