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Tuesday May 31 Strong May ends on a whimper CBSM 10-year Treasury yields hit three-month lows FT Silver, copper pace resilient metals CBSM Consumer Confidence Index Rebounds In May Conference Board Chicago region activity falls to 2-year low CBSM Andersen's conviction overturned TheStreet 2nd-Qtr Profits Forecast to Rise at Slowest Pace in 3 Years BL Bull and Bear Markets Exist Only in Hindsight Hussman Is tech back? Not if fears of a US recession pan out Yeald If You’re Betting on the Jobs Figures, Take the ‘Over’ Crudele U.S. living beyond means, Dodge warns CBC Is the US Still a Good Risk? Mises Globalization game Boston Globe U.S. Trade Deficit, Defying Predictions, Grows as Dollar Slides BL Some homeowners delay sale in hopes of higher profit USAT Housing bubble will bring pain to many DiMartino (Free R) For Homeowners, It's All in the Timing WSJR Fed Debates Pricking the U.S. Housing 'Bubble' NYT Middleman Now Rich Man in Real Estate Boom NYT Ratios of Home Prices to Rental Prices in Metro Areas NYT Crude awakening (Part I) Union-Tribune Difficult choices await a nation and world stuck on oil Recession still a possibility, economists warn (Part II) Union-Tribune Hedge funds are seen as threat to central banks' role Reuters US economy, trade deficit, money supply and growth Brookesnews Bond market braces for auto turmoil CBSM AIG Cuts Profit by $3.9 Billion for Improper Accounting, Asbestos Reserves BL Once a billionaire, now a prisoner CNN Russell On Gold & US Dollar ~ Taylor GCC Urged to Peg Its Currency to Gold Arab News After the Vote, No Signs of Collapse NYT Euro fall accelerates as US traders start selling AFP French 'No' vote is real crisis BBC Chirac to announce 'new line-up' BBC Even Italy begins to doubt EU Reuters KO from Dutch likely AFP Row flares over textiles Standard China takes off textile gloves G&M Textile Trade Trouble? Bangladesh Has It Worse BL China may use forex funds to buy oil CBSM China banker warns on real estate loans AP China stock traders post losses IHT (BL) The 60s were groovy - but it's time for Europe to embrace the modern world Inde Bank of Canada warns of risks of fixed forex rates Reuters Dodge repeats that Canada rates to rise over time Reuters Buyers beware FT When widows and orphans are enticed into an investment boom, that is usually a signal for everyone else to sell out. Global airlines confront fuel crisis, consolidation Japan Times Khodorkovsky Sentenced to 9Years in Moscow Jail for Tax Evasion, Fraud BL RBC traders face 'wash trading' allegations CBC Asia DRAM Report:Prices Stabilize But Demand Still Soft Dow Jones
Weekend Edition (May 28-30) Euro Weakens After French Voters Reject EU Constitution BL EU faces crisis after France rejects EU charter Reuters Charter 'not dead,' EU insists IHT Gutierrez, Portman to Press China on Yuan, Piracy to Ease U.S. Trade Gap BL Hedge funds hit by redemptions CBSM Recent trouble roiling the highflying world of hedge funds may get worse before it gets better. The ‘Neutral Rate’ Noland Dollar, my foot Fekete Which Way Next for Gold Aden Gold to End 2005 at $455 as U.S. Dollar Falls, Murenbeeld Says BL U.S. Current Account Deficit May Hit $900 Billion Next Year Merk IMF report warns of growing U.S. deficits Reuters Experts: Petroleum May Be Nearing Peak AP Derivatives Spread -- and Heighten -- Risk WSJ Lending Standards Plumb New Depths 321 Borrowers return to corporate bond market FT Is Your House Overvalued? NYT Hear a Pop? Watch Out A Bane Amid The Housing Boom: Rising Foreclosures WP It's Not a Bubble Until It Burst LAT Foreclosures on my Mind The Interest-Only Trap ~ The real risks of investing in real estate Beleaguered Companies and Long-Term Support Schaeffers Billions Pour Into Private Equity LA Times A Mini-Enron on Every Corner? NYT Mirror, Mirror, Who Is the Unfairest? Morgenson (NYT) New breed of trader-baron takes over as the big fish of Wall Street Times Online Greenspan's Rate Moves Roiling Asian Bonds Pesek China Cancels Textile Tariffs Ahead of U.S., EU Talks BL The China Scapegoat NYT Anchor To Gold -- More Unsolicited Advice To the Chinese NT Japanese Expert Urges Chinese Shift on Currency; Beijing Hesitant NYT China Lashes Out at EU Over Textile Dispute AP Does the Future Belong to China? Sennholz Japan's Industrial Production Climbed for First Month in Three in April BL Week Ahead: Non Merci CIBC PDF 'Cooling-off' period planned in event of No vote FT Hard lessons from easy money Guardian China Construction Bank removes two senior leaders amid listing plans AFP Friends to sell Isis to avoid new accounting standards Times Online Moscow to sue power company for massive blackout AFP Marathon Yukos trial nears climax BBC Botswana devalues pula currency by 12 percent Reuters
Ten-Year Treasury Yield May Hold Near 4 Percent, Survey Shows  BL
Friday May 27 NY silver settles at 5-week peak as funds buy Reuters Ferguson: Home prices in some U.S. markets 'relatively high' CBSM Remarks Agent boom could signal housing bubble CNBC For homeowners, it's all in the timing WSJ House of Cards? WSJ Real Estate Mutuals Back Up Greenspan's Appraisal Currier Consumer spending slows Reuters BEA Oil holds above $51, driving season looms Reuters Dead, or just resting? Economist Reports of the death of hedge funds have been greatly exaggerated Hedge funds are newest scapegoat Norris Credit derivative swings hit hedge funds FT Man defies hedge fund gloom Guardian Citigroup says unhurt by hedge fund losses Reuters Hedge Funds Are Stumbling but Manager Salaries Aren't NYT Hedge funds go mainstream CNN 2005 is Not Like 1995 Comstock Running Out of Bubbles Krugman The Fed's ability to manage the economy mainly comes from its ability to create booms and busts in the housing market. If housing enters a post-bubble slump, what's left? Hedging against a housing bubble CNBC HedgeStreet.com Hidden taxes behind US housing boom FT Housing Bubble Metrics Morgan Stanley The Cost of All Those McMansions Business Week Bond Wars II: Revenge of the Conundrum CNN The rising stakes of job loss EPI New Chrysler Pensions Make Workers Accept Risk BL Spitzer sues AIG, Greenberg CBSM Computer Associates to restate 4-years results Reuters Small chips may be big concern for Intel CNN FDA Looking Into Blindness-Viagra Link AP SEC Finds Itself $48 Million Short CFO “The SEC polices other people’s books, yet they themselves have huge overruns.” Price dollars in oil, not oil in dollars Asia Times Billionaire Mittal Says Steel Price Slump Won't Wipe Out Profit BL Stelco warns of weakening steel market G&M Sherritt losing interest CP UBS cuts steel producer price targets, steel price est. Metals Place All that glitters is not gold Hulbert Inflation and Deflation: Why it's important to get the definitions right Saville Emerging markets face rising risks, warns IIF Reuters China stands firm on yuan CNN Here Come Chinese Cars Business Week Keep your (made-in-China) shirt on ... Asia Times Calpers Tiptoes Up to Asia's Hedge Fund Boom Pesek Managing China's Rise Atlantic Monthly (R) Treasury chief draws fire on U.S. yuan policy IHT (BL) CBI cuts economic growth estimate BBC Don't Write Off Europe Roach Asia/Pacific: The Sky Isn't Falling Xie French Confidence Drops to 19-Month Low BL Turmoil as Chirac plots to disregard 'non' vote Times Online Chirac: Rejection of treaty would cause Europe to break down FT Chirac's final plea looks like falling on deaf ears Telegraph A softly spoken 'oui' from French business IHT French vote could push the ECB to lower rates IHT Euro: 5th Losing Week on View France Will Reject EU Constitution Euro hits low on fears of volatility FT Barclays warns shareholders of trouble on the credit cards Times Online Morrisons finances run out of control Guardian Thousands to stage strike at HSBC BBC Nokia warned by market regulator BBC Sebi hunts with Hong Kong cop India Telegraph 14 officials arrested in bid-rigging scandal Asahi
Thursday May 26 Euro Falls as Polls Show Growing Opposition to EU Constitution BL Mortgage rates dip again AP Snow keeps pressure on China CBSM Oil: Caveat Empty Bulletin U.S. stock funds take in less money in April Reuters ICI U.S. Economy Grew 3.5% Last Quarter, Faster Than Initially Reported BL BEA Economy may soon fall flat DiMartino (R) "Once you go below 50 basis points, the market is giving a clear signal the economy is going to slow” Details sought on pension hedge fund data AP Review of hedge-fund instant messaging is urged IHT Hedge Funds Nip at Wall Street WSJ Swimming in the froth of worry CBSM Housing, hedge fund concerns mask rally Nothing Makes Sense Anymore Mogambo Guru How 9/11, Wall Street woes buoyed DC real estate WSJ Boston condo prices average $572,000 Boston Herald How much is that house next door? USAT Foreign Central Banks Remain The Buyer Of Last Resort For Treasurys BCAR We’re Over a Barrel Crudele Inflated Anxieties CIBC PDF Fed Rate Hikes Could End Badly NYP Emperor Greenspan Has No Clothes Texas Hedge Who Will Fill Greenspan's Shoes? BW Bernanke will have to abandon his preference for "Hawaiian shirts and Bermuda shorts" over business suits Bernanke's Outspokenness at Fed Faces Test in White House Job BL Investment bank second-quarter profits seen poor Reuters New Fannie Mae Bill Disappoints Some UPI House.gov Franklin Currency Fund Falters After Rebound in U.S. Dollar BL Google: New look, same conclusion Hulbert General Motors - A Contrarian's Dream Schaeffers GMAC prices $3 bln auto loan ABS deal-source Reuters The deal garnered orders twice the offering size before pricing New York Times Co. to cut 190 jobs Reuters Boston Scientific cuts 2005 earnings Reuters Fitch Downgrades STEERS 2004 R-GM to 'BB+' BW 20,000 ex-Enron employees split $85M Reuters Ex-Friedman Billings CEO Faces Civil Charges TheStreet 'Dennis, You Crook, Keep Up The Good Work' Forbes A Setback For Linux Forbes Analysis: Social Security and Medicare Are Unsustainable Heartland Bank Credit Cycles Gorton/He PDF What Remains from the Volcker Experiment? Friedman PDF Gold mining 'key to poor nations' BBC Rumbling the Legacy of Deep Mining AA EU cuts off China talks and moves to WTO IHT Currency questions intensify between US and China CS Monitor HK BOC: Slim Chance Of A Significant Yuan Revaluation Dow Jones HKMA in surprise bid to drive down dollar Standard Bank of Korea's Park Signals Asian Currencies May Need to Rise BL Shanghai real estate curbs slow sales Standard Energy sector risking glut CD China need for trash insatiable BostonH Citigroup, Silver Grant to Buy at Least $352 Million of China's Bad Debts BL Asian exports face bigger-than-expected drop: IMF AFP PDF File Euro Declines to a 7-Month Low as French Opposition Grows to EU Treaty BL Euro Poised to Score `Nul Points' in Referendums Gilbert French non a disaster for world says EU chief Guardian Brussels looks into the abyss as 'No' vote surges In 'Competitiveness at risk' UK growth weakest for two years Times Online India's Pension Fund Is `Practically Bankrupt' BL Portugal to hike VAT, oil and tobacco taxes, bring in new income tax band AFX Venezuela Says Oil Companies Owe Taxes, Royalties ~ 30% royalty on Sincor World Bank exposes corruption in grant to Indonesia AFP Abbey fined over endowments Guardian CIBC 2nd-Qtr Profit Falls on Hedge Fund Costs Globe & Mail Outage Brings Big Businesses to a Standstill Moscow Times Return to China Is Risky for U.S. Citizens LA Times
Wednesday May 25 Atlanta Fed's Guynn hints at rate rises Reuters Fed's Bernanke pledges sound analysis for Bush Reuters Crude Oil Rises Above $51 as Report Shows U.S. Inventories Fell BL EIA New home sales set another record CBSM Census GM downgrade averts index havoc CBSM Bond Strategists: Merrill Slashes Treasury Yield Call BL Bond bubble, American-style Asia Times Durable Goods Orders Increase by 1.9%, More Than Forecast BL Census Mortgage applications increase last week Reuters Stocks may slip on oil CNN Crude Approaches $50. . . BL Investors flee convertible arb hedge funds-report Reuters What Markets Are Saying AEI (Makin) Investor Paradise Lost Cross Currents Fed Minutes Show One Sure Thing -- Uncertainty Berry Greenspan Misfires on Fannie, Freddie WP Then, at a crucial moment, he departed from the staff's conclusions to add one of his own... Steep Rise in Prices for Homes Adds to Worry About a Bubble NYT More Amass Big Debt To Buy Real Estate WSJ Housing Frenzy Are they buying multiple properties in a “roll-the-dice” act of desperation to rebuild their retirement nest eggs that got cracked when the NASDAQ bubble burst? Florida's housing bubble, is it ready to burst St. Petersburg Times Is Valley facing housing bubble? Arizona Republic Real estate goes boom in Hawaii HStar Predatory lending rules debated USAT Are the dollar's gains here to stay? AP Trump Is Desperate. It’s Not Pretty Slate Buffett Pays $5.1 Billion for Utility and Promises More Deals NYT "There is no limit to the amount of money we would have available for the right acquisition" Will GM part with GMAC? CNN Billion dollar drugs, pipeline dreams CNN Hedge Fund is under fire NYP Civil complaint vs AIG filed soon-WSJ Reuters Jury Can't Agree on Verdict for Scrushy AP Making Millions From Disgrace Forbes Northwest to cut half of mechanics' jobs Reuters Tyco trial wrapping up AP Owens-Illinois Firing 460 TheStreet Gold: Be Careful What You Wish For Ing Got Gold Fever? Fool Waiting for the Interest Rate Boom Wood China Demands Place at BIS Dinners Where Global Plans Are Laid BL China's exchange rate reform is a 'slow business', CB head says AFP Stronger Yuan Won't Mend U.S. Apparel Industry Baum EU Gives China Deadline on Textile Dispute AP China, New Land of Shoppers, Builds Malls on Gigantic Scale NYT Accommodating China in global economy Korea Herald Yale Never before has the rise of a nation occurred while it was so intertwined economically with those countries that might wish to slow it down. Bank hints at cheaper borrowing costs Guardian Bank will be forced to cut rates to avert recession, leading analyst Inde German Business Confidence Unexpectedly Declines to Lowest in 21 Months BL Hedge funds' worst month since 1988 Times Online Regulators Alert Over Hedge Funds Korea Times “Few countries will be free from the fallout of the sudden collapse of hedge funds in today’s globalized financial markets.” Five Reasons to Be Nervous About a 50-Year Bond BL U.S. Housing Hot Toronto Sun Believe it or not, Toronto's market is calm and cool when compared to some of the hot spots south of the border. FSA attacks poor advice to pensioners over equity plans Guardian Japan listed firms' dividend yields at post-bubble highs - report Forbes Stockmarket scam effect: UBS may not get a banking licence BS Agencies' concerns surprise Norshield Globe & Mail Heads to roll at Deutsche Boerse AGM This is London Comet shocks with profit warning This is London Zimbabwe locks up traders CS Monitor Insurers’ liquidity decline on stock market slump Nigeria Vanguard Money order scam costs Japan Post 14 million yen Asahi Azerbaijan oil "rebirth" seen as Caspian pipeline inaugurated AFP The pipeline that will change the world Independent
Tuesday May 24 May 3 FOMC Minutes FED Hedge funds take in $25B in first quarter CBSM Investor confidence continues to slide Reuters State Street Lifeway sets Target deal, shares rise 30 pct Reuters Fed could hike rates for another year-SF Fed study Reuters Fitch lowers GM, units' debt to 'junk' CBSM GM 'feels the pain' Reuters U.S. Home Resales Rise, Pushing Median Price Above $200K for First Time BL Median Price of a Home in California Breaks $500,000 for First Time BW Sir John Templeton is Shorting U.S. and Japanese Stocks... BW Stocks' rate anxiety CNN OECD OECD Cuts Global Growth Estimates for 2005, 2006 on Oil, Europe BL Mania over real estate spurs fears of a crash Globe & Mail Real estate investment clubs build up USAT Housing Market - Another Information Tidbit Northern Trust PDF Study: Home prices rising across the country BJ The kevlar housing bubble? CNN Moody's sees bumper year for CDO deals FT “Real estate [financing] was in the stone age until a decade ago. Now it has entered the space age." Should Consumers Be Wary of Home Equity Lending? Gallup Federated Manager Wary Of The Rally IBD "I'm convinced we didn't reach a lasting bottom in October 2002 or March 2003" A Few Fires, Lots of Smoke Seen in Hedge Funds Gilbert The Fed is all wrong about inflation Jubak Why The Greenspan Fix Didn't Work BW Potluck à la Wall Street: 'Idea dinners' IHT (NYT) "Creative Destruction" -- The One Exception? EW U.S. Cautions Bank on Fees Intended to Steer Retiree Accounts Morgenson Take That, Google: Bill Gates Struts Microsoft's New Search Stuff NYT Gates: “Google is still perfect, the bubble is floating and they can do everything. You should buy their stock at any price..." Gillette Awards Options to Top Execs CFO Buffett's MidAmerican to Buy Scottish Power's PacifiCorp for $5.1 Billion BL Sallie Mae Rivals Say Banning Fixed-Rate Loans Will Hurt Them BL Big Buybacks Back in Vogue CFO Semiconductor capex spending to decline 5% in 2005 IT Facts Wireless Spending Slows Red Herring Fab-tool orders flat despite jump in wafer starts EETimes Microsoft, Apple gird for war over wireless digital music CBSM Gaming's Clash of the Titans Business Week Microsoft faces $5m-a-day fine after warning FT PalmSource chief quits FT Workers at Coke bottling plants strike AP Bank security breach may be biggest yet CNN Tens of thousands of cases seen over Vioxx AP The Millions Kozlowski Didn't Steal Forbes Golden times for jewellery makers China Daily UBS Believes Gold Could Rally Soon AIR The Case for the 100 Percent Gold Dollar Mises Intervention against Gold Rising Sharply, GATA Says Business Wire The End of the China Love Affair FEER China told by US to revalue renminbi by 10% FT China says no timetable on yuan reform China Daily China eases currency rule to encourage outflows IHT (BL) China tougher nut than Japan on forex Yomiuri The next reserve currency Asia Times Europe voting (maybe unwittingly) for reform Norris Germany and France are struggling with a new world Guardian Pension funds' UK shares investment at all-time low Guardian ECB chief signals no rush to raise rates IHT Pushing Around Germany Inc. BW Home-loan warning to banks Mecury EU warns of action over US insurance collateral demands Times Online Chinese threaten long court battle over Rover rights Times Online US threatens China with WTO action over piracy FT Jarvis shareholders almost wiped out Guardian Founder of Russian oil giant Yukos hears drawn-out verdict AFP Hedge Fund Managers Forced to Walk a Fine Line Moscow Times
Monday May 23 Fundamentals In Technical Drag Are Still Fundamentals PIMCO Congress and the Federal Reserve Erode Your Dollars Paul Appraisal fraud: your home at risk CNN Appraisers say they're being pressured by lenders to inflate their estimates of home values. Why Don't Economists Follow The Leaders? Kasriel What if China Slows? Roach Approaching Neutrality? Berner Experts Lower Projected 2005 Growth Rate AP NABE Cross Currents Hussman Dangerous days for investors AME Storm Clouds Gathering Over U.S. Economy? Blackman A Gross Error In Judgement Sage Quadriga, Bailey Coates Hedge Fund Declines Exceed 20 Percent BL Some hedge funds have been surfing on the edge and they have been caught out Collapse in bonds may top $32 billion Times Online Hedge Funds and banks could be sitting on losses of more than $32 billion Regulators step up hedge fund scrutiny amid concerns over risk of collapse FT Property Taxes Questioned As Prices Zoom AP 'Envy' fuels real estate bubble talk Inman Making Do by Making Nice WP Fannie Mae and Freddie Mac, Humbled, Cooperate With Congress Microsoft Urged to Settle Antitrust Case AP Darkest Side of Pension Consultants Still Unseen BL Faber Says Asian Currencies, Crops Among World's Best Buys BL Warren Buffett's Invisible Empire Business Week Gold and silver won't be down for long MSN (Fleck) Maund on Silver ~ Maund on Gold ~ Taylor on the markets China in for 'rude shock' over asset bubble Telegraph “We're seeing a bubble similar to what we had in Japan in the 1980s. Just look at property prices in Shanghai...” Fast-living Shanghai at crash risk Standard Shanghai and Beijing property to fall FinanceAsia Yuan Hype Raises Asian Hot Money Conundrum Pesek Revaluation: A dangerous distraction? Asia Times Hong Kong: It's Back! Business Week Consumers may at last be recognising their riches were an illusion King Economic data to test Chancellor's growth prediction Times Online Keeping tabs on the risk of easy credit Bangkok Post Blowing up a new dotcom bubble Warsaw BJ MG Rover in talks to activate pensions safety net Times Online BBC faces strike over job cuts IHT (AFP) Fuel crisis drags Yushchenko back into the fray of Ukraine's politics FT Investors smell a rat in Kremlin's Gazprom plan Reuters
Greenspan Fights a War Bond Traders Say He Has Won BL Fed policy lends impetus to one harbinger of recession Globe & Mail Dollar May Extend Gains; Some Investors Say Bear Market Is Over BL Treasuries May Decline on Faster Growth Estimate, Debt Auction BL Fed Meeting Minutes, GDP May Roil Market AP This Week WSJ
Weekend Edition (May 21-22) Mr. Chairman, You Can't Control China. So Just Relax. NYT Tipping Points: Leading to a fall Puplava Conundrums Noland Kicks Just Keep Getting Harder to Find Mauldin Signs Of A Slowdown CSFB PDF Globalist: China and the politics of a U.S. awash in debt IHT Putting 'nuclear bond option' on the table Farrell Going for brokers Guardian Gunslingers No More: The Cautious Cash In NYT Rumor has it that chief executives are overpaid in America. Compared with the hedge fund managers, the C.E.O.'s may have a bad deal. Closer Scrutiny Won't Stop ‘Hedge Fund Express' Currier Hedge funds: Wall Street's new bogeyman AP Housing, hedge funds spur bubble worries SF Gate Low interest rates may have pumped too much cash into global markets Where Does All the Money Come From? Bonner Real Estate Bubble 2 Zeal Interest-only loans stirring concern WSJ High interest in interest-only home loans SF Gate 2 out of 3 Bay Area home buyers are choosing interest-only loans Taking a spin on the housing carousel Oregonian Stock market predictability may be coming to an end Ledger Dispatch Stop stalling and pay up, judge tells ExxonMobil AP Experts: Too Many Carriers in Air Industry AP A Love Affair With S.U.V.'s Begins to Cool NYT Wal-Mart Says Sales This Month Are Rising Within Its Forecast on Groceries BL Quantitative Analysis of Crisis: Crisis Identification and Causality World Bank China's bank imbalance Standard Maplin's woes add to fears for private equity Times Online Report says Italy set for financial disaster UPI Canadian regulator suspends fund firm Norshield Reuters Venezuela Says Foreign Oil Companies Owe $4 Billion in Taxes, Royalties BL Zimbabwe, Long Destitute, Teeters Toward Ruin NYT Zimbabwe c.bank chief dragged into corruption case Reuters China: It's a Juggernaut ... Not! LA Times
Friday May 20 Dollar sets fresh 2005 high against euro FT COMEX gold closes at 3-month low on fund selling Reuters Greenspan: 'Local bubbles' build in housing sector USAT Greenspan: China Revaluation Won't Help AP Greenspan: Home pricesare "going to soon simmer down" Fed chair: oil inventories building as expected CBSM Speech The Echoes of Beijing Roach The Chinese Connection NYT (Roach) New York Grand Jury Considers Indictments at AIG, People Say BL Hedge Funds Play the Heavy WSJ Microsoft May Face New EU Charges Over Open-Source Competition BL Oil Prices Up on Conflicting OPEC Signals AP Going on the Defensive Smart Money (Stack Q&A) It's Not Different This Time Comstock Yuan revaluation won't help US, predicts Marc Faber FA High-yield bonds not pricing default risk-analysts Reuters Bernanke's global avings glut Sester Mortgage rates fall to lowest level since February Reuters The Next Recession Has Started Hoye Got Your Fed-Speak Decoder Ring? EW Damaged goods Economist The American economic model is doing all right. It could be doing even better Have We Saved Enough? Mises Muni Market's Conundrum: Higher Supply, Lower Yields BL America West to acquire U.S. Airways - Maytag to be acquired Reuters Kerr-McGee buys shares to fight off Icahn Reuters The Poisonous Gift Slate Ford Downgraded Ford and GM are in big trouble. So, why do they keep paying fat dividends? Morgan Stanley to pull ads from 'negative' newspapers Inde New York Grand Jury Considers Criminal Charges in AIG Probe, People Say BL Big guys win, little folk lose Norris Family atmosphere fades from NYSE's floor IHT (NYT) Sarbanes-Oxley: A price worth paying? Economist Net phone providers ordered to supply 911 AP TRDO Surges China to raise export tariffs on 74 clothing categories CD Chinese threaten lawsuit on US textile quotas Times Online Barroso says more EU measures on Chinese textiles may be taken AFP Deposit rates raised for US, HK dollars CD Hanke Says China Would Be `Foolish' to Let Yuan Rise BL Shanghai Stock Slump Shadows Real Estate in China's Finance Hub BL South Korea's First-Quarter Growth Slows as Overseas Demand Cools BL Japan finance minister says no need to change easy monetary policy AFP Lending on property is heading out of control, banks told Times Online Mortgage lending predicted to fall 30% this year Times Online Gloom deepens over high street's downturn Times Online Zimbabwe devalues currency by 31% BBC Canada PM wins no-confidence vote BBC
Thursday May 19 Snow names envoy to pursue China forex reform Reuters Leading Economic Indicators Fall; Philli Fed Slumps BL CBoard ~ PFed Fed voices concern at signs of a housing bubble WSJ Mr. Greenspan hasn't yet hit the "irrational exuberance" gong U.S. jobless claims drop 20,000 to 321,000 CBSM Oil Falls to Three-Month Low After U.S. Fuel Stockpiles Surged BL Could hedge funds cause market meltdown? USAT Teething problems or genetic flaw? FT Fed May Curb Rate Gains on Hedge Fund Concern BL Hedge Funds facing the chop This is London Are the horses a better bet than hedge funds? Inde Ex-Hedge Fund Chief Settles for $1.45 Million TheStreet US housing bubble spreads FR (BL) It's Time to Drop the Home Mortgage Deduction Berry Greenspan: GSE porfolios do not support ownership Reuters Remarks Krugman: 'We are a banana republic' Asia Times The Short Story Schaeffers Nasdaq breaks free and clear CBSM Chart: Dow Adjusted For Inflation Cross Currents Do investors behave like lemmings? Southampton 30-year bond may cool the economy Star-Ledger What's So Special About Central Bank Purchases? Baum Overview: The Dollar Debate Dreyfus PDF Report: States face long-term budget gaps Stateline PDF Perelman Wins $1.4B Against Morgan Stanley AP Prosecutor: Scrushy the Fraud 'Pied Piper' AP Sarbox Whistle-Blower Ordered Reinstated CFO Quarterly Filing Delays for 77 Companies CFO Gillette board grants CEO Kilts 800,000 stock options CBSM Wal-Mart Struggles With Deeper Problems AP Poker T-shirt maker fights Wal-Mart CNN Before Wendy's, fingertip settled $50 debt, mom says AP Gramlich resigns from Fed board FT A Post-Implementation Look at the Effects of Interpretation 46 GTech PDF US slaps quotas on four more Chinese textiles AFP China slams US over textiles, denies yuan manipulation CDaily China unlikely to revalue the yuan soon, O'Neill says TribuneR China's Growth Ebbs, a Deterrent to Revaluation NYT IHT May 18 embarrassing those predicting RMB appreciation PD Hong Kong tries to foil currency speculation IHT (NYT) BOJ to study liquidity target change Asahi Bank warns of ‘threat to markets’ Times Online Derivatives users 'must disclose their stakes' Times Online The Liberal Democrats have accused hedge funds of wielding “power without responsibility” Bank of England May Need U-Turn on Interest Rates Gilbert Homeowners 'still fear price drops' Guardian Investors exit rented residential property market Irish Examiner IMF keeps global growth forecast, U.S. deficit weighs Reuters Italy's Economic Woes May Prompt First Euro Exit BL Deutsche Bank CEO considers stepping down - report CBSM Long-secret salaries at risk in Germany IHT (NYT) Next Sebi order in crash probe could take six months Business Standard UBS Punished in an Equity Scam That Never Was BL Brazil Central Bank Raises Benchmark Lending Rate for Ninth Straight Month BL South Korean exporters suffer as the won soars FT Venezuela's oil production woes will be felt widely CBSM Cash-strapped Zimbabwe to Devalue Currency, Analysts Say Zim Observer Bankruptcies decline to lowest level since '92 Japan Times Next becomes latest victim of consumer downturn Guardian Managing Brands in Global Markets: One Size Doesn't Fit All Wharton The rising economic cost of the Iraq war CS Monitor Generals Offer Sober Outlook on Iraqi War NYT
Wednesday May 18 Hong Kong Imposes Currency Band to Curb Speculation BL What do yuant from us? Economist Mortgage applications decline in latest week Reuters Pro-forma CPI, or Let's Pretend There's no Inflation Euro P Consumer Prices Rise 0.5%; Core Rate Is Unchanged BL BLS - Ts Gain The Strange Tale of the Bare-Bottomed King PIMCO (Gross) Fund managers turn negative G&M Gloom gathers over world economy BBC “The contrast with the views that were held in early March is truly breathtaking” Why you'll feel the hedge funds' pain MSN Hedge funds choking on ill-fated bond bets NYP Hullo, Mr. Bear MoneyWeb Administration mulls delaying Greenspan’s exit Greenspan's legacy: Only time will evaluate... Asahi Economy propped up by cheap money Marco Island A new conundrum Buttonwood The upsurge in new financial instruments may be changing the relationship between debt and equity markets in ways that are still hard to fathom The Bond Market: Expecting the unexpected Hulbert Concerns mount about mortgage risks WSJ Landlords Cashing Out as Condo Fever Spreads NYT (R) Forget buying -- low-wage workers can barely afford rent Seattle PI The geezer billionaires who are upending Wall Street Slate Applied Materials' Profit, Sales Take a Plunge TS Taser Delays Auto supplier Collins & Aikman files for Chapter 11 AP HP Lifts Its Earnings but Lowers Guidance AP Willbros stock falls as probe intensifies HC Refco Faces SEC Charges in Short-Selling Probe TheStreet Oppenheimer & Co. Confirms SEC Interest TheStreet GE accused of race discrimination BBC Bank of America unit could face eviction Reuters Uranium, at 23-Year High, May Extend Gain on Supply BL Russell Loves Charts G-E China Criticizes US for Demands AP US Sets Deadline FT China Expands Foreign Currency Trading in Shanghai BL So, is the Bush Administration for bashing China or against it? Setser China's Industrial Output Growth Accelerates to 16% BL Japan and China Stop Buying US Debt Kitco Britain's finance minister sounds warning on EU economic slowdown AFP Are we heading for a fall? Independent Seven Reasons to Sell the Euro MS Hedges trim the A dollar, shares Australian CND Dollar gains on Stronach move Globe & Mail Beijing Capital, Building for 2008 Olympics, Seeks $700 Million Before IPO BL Digital camera makers forecast sales slump China Daily IMF May Let Argentina Delay Payments for the Third Time Since 2001 Default BL Oil Giants Fear Kazakh Changes Moscow Times Profits collapse at Sainsbury's BBC Toyota recalls 880,000 SUVs, pickups Reuters Great Crooks Egypt Today The Open Door ushered in an era of unprecedented economic growth and heralded the birth of “the business scam”
Tuesday May 17 Industrial Output Unexpectedly Falls in Biggest Drop in 8 Months BL FED Producer Prices Rise 0.6%, More Than Forecast; Core Rate Gains BL BLS How Japan financed global reflation Duncan Bush's Choice: Anger China or Congress Over Currency NYT Mixed messages sent on yuan reform Reuters Politics muddies the argument for unpegging China's yuan AFP Yuan spat unnerves currency markets USAT Treasury To Assess Exchange Rate Policies AHN Is the dollar rally for real? Kellner Dollar's bedeviling rebound IHT (NYT) Forecasters Swing From Tree to Tree, Miss Forest Baum It Takes Nerve to Buy Financials as Rates Move Up Currier Riddle of the rates that refuse to rise FT The Synthetic CDO Shell Game FDD CDOs to survive auto woes, says Fitch FT Continuity and Confidence: Greenspan and Buffett North Someday, someone will have to pay Uncle Sam's debts Kansas Through the roof -- Home prices set another record SF Gate A bear-knuckled assessment of home prices in Hub Boston Herald U.S. Warns Lenders To Elevate Standards WP PDF File Housing: Boom Or Bust? CBS Estrella in $250 mil sale AZ Interest-only mortgage deja vu Bankrate Interest-only mortgages were the standard mortgage in the 1920s Martha, 'You're hired' CNN NBC confirms schedule for "Apprentice" spinoff starring Martha Stewart. More good news from insiders Hulbert Tearsheet Warren Buffett reports holding 630,000 P&G shares CBSM Highbridge reassures investors CBSM Hedge fund has little exposure to structured credit market Can Payday Lenders Survive? Fool UPS to Buy Overnite for $1.25B in Cash AP S.E.C. Investigating Pension Consultants’ Disclosure NYT (R) Former AIG Comptroller May Go CFO Former Bayer Exec to Plead Guilty in Price-Fixing Scheme AP Film About Enron's Collapse Opens Up Wounds in Houston LA Times Gold & GATA GS A Historical Perspective On A New Trend In Gold Hook $40bn Hole Punctures Gold Equities Wood Schoolkid bankers hike US rates Reuters Vintage 'Star Wars' toys get top dollar CNN Star Wars' Galactic Dollars Forbes Japan Economy Grows at 5.3% Pace, More Than Expected BL Current account surplus hits record high of 18.29 trillion yen Japan Times Asia mostly down; Nikkei at 2005 low CBSM Blocking Chinese Trousers Won't Save U.S. Jobs BL Asia's dollar affair Asia Times Sony chief warns China about becoming over confident on economy AFP Bruce Willis' Role in China's Growth Outlook Pesek Guy de Jonquières: Asia uncomfortably exposed FT (R) Global Equities: Can Growth Expectations Be Met? BCAR CBI throws down gauntlet to Brown Times Online Property market may have run out of steam Guardian Is the AIM bubble set to burst? Times Online Black Monday: SEBI moves against UBS Securities NDTV Man Group suffers as hedge fund gloom grows Independent Wal-Mart to open 15 stores in China and export 18B of goods AFX Wal-Mart gaining on Loblaw Globe & Mail Report: Court Says Khodorkovsky Guilty AP Rise and fall of Russia's richest man who signed Faustian pact FT Huge fraud case involiving China's economy set for US trial TT (NYT) Hollick bows to pressure and gives up bonus Guardian US 'backed illegal Iraqi oil deals' Guardian
Monday May 16 Foreign central banks net sellers first time in 19 months CBSM TIC Crude falls on latest OPEC view CBSM Perelman Is Awarded $604.3M in Fraud Lawsuit Against Morgan Stanley BL Manufacturing Contracts for First Time in 2Years in NY Fed Survey BL NYF Dollar touches new highs on strong data Reuters Sleight of Hand Hussman It's not the hedge funds, it's the Fed MSN (Fleck) The Risk in Hiding Behind a Hedge LA Times Hedge Fund Sell Down Looming Over Metals? AIR Miners hit as hedge funds unwind Financial Review Deutsche to Start Islamic Hedge Fund by June BL Complex hedge funds criticised Herald Do fundamentals - or emotions - drive the stock market? McKinsey Deflation Russell Here we go again! WorldnetD US economy, monetary policy and recession Jackson Bubble, bubble, housing market's in trouble USAT Shiller 2nd Edition Amazon Why pensions are becoming even scarcer CS Monitor The nation's private pension system is fraying and at risk of unraveling altogether. Pension-Collapse Lessons WSJ Pension funding problems grow USAT SEC Targets Pensions Forbes Credit Crunch? MS (Berner) Wrestling Down Fannie Mae CS Monitor Passing The Bucks NYP (Byron) Poll Shows Public Faith In Greenspan Falling DJ The Calm After the Storm SH China poised to revalue yuan — not before time Times Online China's Wen: Won't yield on yuan Reuters US Curb on Chinese Imports Aimed at Influencing Lawmakers, Yuan? BL Suddenly, a Darker World in Asia MS (Feldman) Hey, `South Park' Guys! Come to Shanghai! Pesek China: Landing the Property Market MS (Xie) Stock market needs a synchronized push China Daily Japan's March Current Account Surplus Unexpectedly Shrinks BL Housing sector heading for worst year in a decade as deals dry up Inde Ministers plan simulation of EU financial crisis FT Increase in UK firms’ profitability set to stall Times Online Dominant South Korean shipyards enjoy glut, worry about China AFP Decision To Revalue Ringgit Will Be An Independent One Bernama Khodorkovsky, Once Russia's Richest Man, Convicted of Fraud, Lawyer Says BL
Weekend Edition (May 14-15) Wall Street weighs stagflation threat AP The Problem With Indexes Mauldin Greenspan's Catch 22 Faber Topic de Jour Noland Real Estate Bubble Zeal Real-estate bores infesting towns Fort Wayne Economist sees rising housing bubble St.P Times The miracle mortgage CNN Like the Berniers, tens of thousands of Americans have recently discovered the power of paying nothing but interest on their home loans. That's No Bubble. It's a Bay Window on My Humble Castle NYT City hedge funds head for domino collapse Times Online Prime brokers and the credit departments in investment banks have been calling clients to check their capital strengths as rumours of a big hedge-fund blow-out grip the industry. Pensions and hedge fund fears make Americans do the splits Scotsman Chief executive urges tighter hedge fund rules Reuters Let's play 'spot the joker' - the hedge fund version Inde Adult Swim Only PIMCO Compared with health costs, energy is cheap Norris The oil bubble bursts-gulf shares are next? KT Greenspan to grads: I need a job, too Reuters Speech Berkshire, GE Led Borrowers of $15.7 Bln in the U.S. Last Week BL Buffett's Berkshire Says Executives at General Re Unit Are Federal Targets BL Regulating Fannie Mae and Freddie Mac - Now It Gets Serious AEI Why we like those Wretched Gold Stocks Texas H Prechter Q&A Taylor 2 charged in $10 mil investing scheme Arizona Republic Hong Kong regulators weigh yuan strategies AP U.S. revives China clothing import quota AP China lambastes U.S. trade limits IHT The Illusion of 'Managing' China WP Is China's auction market another bubble? Xinhua Behind the hedge fund facade - the usual herd Guardian Black clouds over hedge funds FT The Week Ahead: The Other "Soft Patch" Persists CIBC Can Mervyn keep stagflation at bay? Guardian Venezuela to Stop Reimbursing Oil Companies' Costs in Dollars BL French government faces rebellion Reuters Russia to Save $6Bln by Repaying Paris Club Debt Ahead of Term Mosnews Man Utd protesters fail to show BBC Jetsgo goes bankrupt Globe & Mail
Friday May 13 Raider rescues market; inflation worries loom MSN Computer Problem Causes False Stock Quotes AP J.W. Mays Inc., which normally trades between $15 and $16 per share, was quoted as high as $136 on Friday. Consumer Sentiment Declined in May BL Global: Low Tide MS (Roach) March Business Inventories Rise 0.4%; Sales Increase 0.7% BL Import/Export Economists lower their forecast for second quarter growth CNN (WSJ) The Weight of the Evidence Comstock The Tick, Tick of GM in Hedge Fund Derivatives Gilbert Fed cautious on hedge fund regulation despite risk Reuters A 100-Year Hedge Fund Storm 7 Years Later? Baum William H. Donaldson Speaks His Mind On Staving Off Future Crises S-Ox Searching for light in a murky debt pool FT Houston, we've got a problem Hulbert A 'safe' investment turns dangerous Jubak Economy in Fed's hands? Kudlow Imports Choke Los Angeles Port, Rattling HP and Nike BL The Port of Long Beach has compared the scene to the World War II invasion of Normandy. Oil Doomsday is Nigh, Tar Sands Not a Substitute Wood Simmons Attention: Deficit Disorder NYT (Rubin) Where Have You Gone, Joe DiMaggio? NYT (Friedman) Always Low Wages. Always. NYT (Krugman) Many Consumers See Potential for Housing Price Collapse Gallup Ford suffers fresh debt downgrade Guardian Delphi Reports Loss for First Quarter AP Aircraft Leasing Company Flying Into Rough Skies LABJ Newmont Mining files $1B mxed securities shelf CBSM Morgan Stanley Loses 5 Senior Brokerage Managers at European Business BL Gates: Apple iPod success unlikely to last CBSM Jail time in Enron-Merrill case Reuters N.Y.U. Student Denied Bail in $43 Million Check Case NYT Mr. Yalincak, a history major and a Turkish citizen, ran a hedge fund, Daedalus Capital Relative, and was sued in March by two investors who claimed he had cheated them out of their money. Thomsen tapped to lead SEC enforcement Reuters What Every Great Investor Must Have Fool Silver is Money FSU Official says RMB will not be appreciated on May 18 PD Will China be setting U.S. rates? Norris We are used to thinking that Greenspan will determine the course of interest rates. But it may be that the real decision maker will be Hu Jintao, the Chinese president... After crash, China Aviation Oil offers creditors sweeter repayment deal IHT (NYT) China draws more foreign investment IHT (BL) Calpers to make first investments in Asian hedge funds - report AFX Banks in pledge to protect pensions Times Online `Getting Boring' in Turkey, and That's Good Pesek Hollick refuses to hand back £250,000 despite investor vote Guardian "...rest assured that if I had not felt I had earned it, I would not have taken it." US risk still dogs RSA's recovery Guardian Glazer wins control of Man United BBC Former HIH Reinsurance Manager Raymond Gosling Disqualified BL No respite, TSE to delist Kanebo Asahi
Thursday May 12 Dow Drops 111 on Wal-Mart Profit Warning AP Dell quarterly profit rises 28% CBSM Oil's Two-Session Loss Is 7% TheStreet Initial Jobless Claims Rose by 4,000 Last Week to 340,000 BL Retail Sales Rise by Most in Seven Months as Consumers Boost Spending BL U.S. Housing: Sucking Up Too Many Resources BCA Research Taking out a mortgage to buy stocks isn't as crazy as it sounds WSJ Developer tactics to avoid housing bust CS Monitor Greenspan and the 'credit bust' Marco Island The End Of Pensions Forbes Pension reform heats up after UAL CBSM United's Pension Sinkhole CSM Cracks grow in retirement nest eggs St.P Times Geithner reassures market over credit risk FT Hedge fund jitters emerge, 7 years after big failure AFP German economics minister calls for hedge fund review Forbes FT (R) Case for a closer look at hedge funds FT Asia is next destination for global hedge funds IHT (BL) Deutsche Bank Korea to be suspended from derivatives trade F (Yonhap) The GROWING Bull Market in Caution EW U.S. twin deficits ebb, but concerns remain Reuters Fannie Won't File on Time Fannie Growth Eluding Cisco TS Cisco Fighting Last Year's War Over Options BL Showing Its Soft Side (MSFT) Schaeffers Microsoft steps up move into China ~ Google goes to China Register Some Laid-Off GM Workers Can Be Paid and Stay Home BL Wal-Mart to hike India goods orders by 30% - report CBSM GE buys into BAC International Bank CBSM Restatements for Bristol-Myers, Veritas CFO Mutual Fund Trial Is Ready for Eddie TheStreet Defense rests without Scrushy taking stand AP CNBC cancels 'Dennis Miller' CNN Interest rate cut signalled after slump on high street Times Online German Economy Grew 1% in 1Q05; Pace Is Forecast to Slow BL Forex reserves approach record high at 844 billion yen Japan Times Megabanks are back to precrisis ratings Asahi Australia Unexpectedly Creates Jobs, Keeping Jobless Rate at a 28-Year Low BL Should one invest in Asia? Rediff Bankrupt SOEs face final curtain China Daily China continues efforts to control soaring housing prices People’s Daily IMF agrees 10-billion-dollar credit for Turke AFP Dixons chief warns of 1990s-style meltdown Independent No pension rescue for ex-Rover workers Times Online Lastminute soars on US bid approach Independent Sabre Fuel rods unloaded ~ N Korea's move condemned ~ Japan may seek UN pressure
Renminbi peg false alarm is traced to web error FT Mobius: China currency revaluation a "safe bet" Reuters
Wednesday May 11 Berkshire Hathaway sells $1.5 bln notes in 2 parts Reuters Worry Haunts Nascent Rally TheStreet White House wants $25 a barrel oil Reuters Deutsche Bank Hasn't Lent Money to Hedge Funds, Boersig Says BL Aircraft prompts brief White House evacuation CNN China says no FX change after report jolts market Reuters Icahn Said to Win Blockbuster Board Vote AP Delta Stock Continues Dive After Warning AP Calpine warns of cash challenges AP Crude under $51 after supply data CBSM Stock Market Projections...Advice for the Next Two Decades Investment U Trade Deficit Unexpectedly Narrowed in March to $55 Bln BL Census Mortgage applications increase last week Reuters Hedge Fund Losses in April Spark Concern in Stock Markets BL “The market has been on edge. People still have memories about Long-Term Capital Management.'' QVT Financial CEO says hedge fund speculation untrue CBSM Deutsche Bank Hurt By Hedge Fund Talk Dow Jones Hedge funds accused of 'ripping heart out of German economy' In Hedge Funds Hit Rocky Stretch As Field Becomes Crowded WSJ BofA: Debt-Insurance Costs Jump on Hedge-Fund Loss Concern B The losses “could spark investor withdrawals and forced selling, broadening the impact.” Further gains in the index is “a risk that bears watching over the next few days”. ' Gold and Deflation, Part 2 Saville When the Dollar Bill Comes Due IIE (Mann) Marts Shaken By Jobs Data NYP (R) Let Them Eat Indexes! North Experts Are at a Loss on Investing LA Times Nobel winners and top academics fumble the sorts of decisions Bush's Social Security overhaul plan would ask average Americans to make. Bubble or not, high home prices can hurt USAT Bikini wearing real estate agent sells Press-Telegram The Neiman Marcus Paradox Slate How dumb rich people end up in debt Shrinking cash pile threatens Delta's survival AP Judge clears UAL to terminate pensions Reuters Survey If carried out as planned by United, it would be the largest corporate pension default in U.S. history. As United eyes pension default, unions threaten strikes CS Monitor Bill to ease airline pension burden stalled in Congress Cox NASCAR teams fear losing funds USAT Morgan Stanley CEO warns of weak environment Reuters Accounting error takes bite of Port of Seattle's increased earnings Seattle Times Kickback Scheme Alleged for Kodak Exec CFO Prison Fears Get To Ex-Goldman Pro NYP (R) Halliburton lands $72 million in bonuses Reuters Watchdogs fight scandal -- and each other AP SEC to Make Public Staff Letters to Firms AP China 'technically ready' for currency reform: CB deputy chief Yuan Watching Like Waiting for Godot Pesek Not all boats will rise if China floats Toronto Star Putting Pressure On China's Peg WP China Aviation Offers Creditors 50 Cents on the Dollar BL EU textile-producers urge stepped-up probe into Chinese imports AFP BOJ to retain 5.5 billion yen to cover Yamaichi loan loss Japan Times Indonesia: A Scandal That's Almost Welcome Business Week Asia airlines, auto suppliers face pressure - lawyer Reuters BoE’s inflation report sees weaker economic growth FT Union fury as 1,000 more jobs are axed at Abbey Guardian NAB cuts jobs and closes UK banks BBC Crucible chief fights extradition Guardian Semi-Tech chief finally in court to deny fraud claims Standard US jury finds French company guilty of conspiracy AFP Observer: Pension plea FT Complaining that his personal wealth has dwindled significantly in recent years, Fernando de la Rua is now insisting that the state recognise his rights to a presidential pension. World Bank's Wolfowitz targeted UPI China Rejects Sanctions as Way to Restart Korean Nuclear Talks NYT Congress Approves $82 Billion for Wars WP
Tuesday May 10 Cisco 3Q net up as sales rise 10% CBSM Emerging debt-Spreads widen on new supply, equity fall Reuters Hedge fund rumors hit Wall Street CBSM Delta Air struggle raises bankruptcy fear Reuters Shares Sink Dealing With Junk in the Trunk TheStreet Real wages fall at fastest rate in 14 years FT The Chinese Conundrum Auerback Oil Prices Rise on Speculation About Demand AP Stocks' sinking feeling CNN Low long-term yields point to recession risk Kellner Realtors face antitrust suit Star Tribune (WSJ) Politicians Deaf to Greenspan's Fiscal Warnings AEI Greenspan is painfully aware that if interest rates are not soon restored to more normal levels, there is the real risk that this leverage will only increase. Short-timer Greenspan plays it safe Chicago Sun Times Kohn a longshot as bets placed on Greenspan's heir Reuters As deficits widen, Congress wary of new trade deals IHT (NYT) American Economic Policy from 1920's to 1990's Global Politician Whom Do You Trust - BLS or ETA? Nothern Trust PDF The REACTION is More Interesting Than the Number... EW Bubble in housing bubble predictions Hulbert Risky lending trends could bust mortgage boom Baltimore Sun Housing bubble bigger than NASDAQ bubble Financial Reality Bellingham is now state's fastest rising home market Puget Sound The average house was earning its owner $3.40 an hour. Putting 'Shareholders First'? CBSM Coloradans rush to file before October advent of stricter law Rocky MN New Bankruptcy Law Prompts Filing Flood AP Stocks For Inflatophobes Forbes (Grant) SEC Probe of Buffett's General Re May Target More Executives, Person Says BL Disney Dissidents Sue Company, Board AP Suit Filed to Bar NYSE-Archipelago Merger AP United pension issue on the line SF Gate Two Plead Guilty Over Counterfeit Software AP Shareholder group blasts Blockbuster CEO Reuters S&P Downgrades Amazon to Sell Business Week U.S. Regulators Delay Basel II Requirements CFO Should FAS 133 Be ''Marked to Market''? CFO Cash Flow: Fact or Fiction? Smart Pros Book: Creative Cash Flow Reporting Participation Climbs in 401(k) Accounts AP Cyclical Endgame SH The politics over the Renmimbi are increasingly about the outcome for the global economy China spells out revaluation impact CBSM US 'playing with fire' on yuan drive Standard Treasury's Snow: China should move now on yuan Reuters RMB may gain 7 percent by end-2005: JPMorgan Chase Peopleâ€s Daily A shares hammered as tap for state holdings opens Standard Central bank not to pay debt left by bankrupt financial companies Xinhua U.K. Retail Sales Plunge the Most in at Least 10 Years BL Signs of a slowdown in growth may prompt the Bank of England to pare its gross domestic product forecasts tomorrow. Rates remain on hold This is Money Grim news on economy may spark rate cut TO Fears of High Street recession Sharp drop in level of home sales BBC Eichel under pressure over likely shortfall in tax revenue FT Australia business mood at nearly 3-year low IHT (BL) House prices may fall up to 10 per cent Herald Sun Emerging Markets Watch - Revisiting the Market for Lemons PIMCO Dark days of Argentine crisis are past, but future is still cloudy KRT Russia: The Curse Of $50 A Barrel Business Week Russia offers oil at below-market price India Times Toyota Has Biggest Profit Decline in Seven Quarters on Higher Steel Costs BL Report accuses Lloyds TSB over lending practices Times Online
Monday May 9 Politicization of the Trade Cycle MS (Roach) Asia/Pacific: The Cyclical Endgame MS (Xie) Prospects and Implications of Chinese Yuan Revaluation NT (Kasriel) China's Reserve Growth and Speculative Inflows MS Crude oil adds to last week's rise CBSM A Fine Line Hussman Complacently taking the plunge Warsaw Business Journal Central banks have more to fret about than a temporary pick-up in inflation King Economy's signs of life may spell doom for stocks USAT Ominous numbers about household debt Nashua Telgraph If You Think This Is Bad, Wait For the Real Bear SMH (R) Lessons from Japan's bubble -- for ours MSN (Fleck) Now Everybody Is Paying for Everything With Home Equity WP Real Estate: Can You Handle the Truth? WSJ We have entered the silly part of the real-estate cycle, where folks are saying things and doing things that are utterly ridiculous Overvalued! CS Monitor “Appraisal fraud is so common that homeowners need to assume the opposite" US economy: is another recession on the way? Brookesnews Hungry for Those T-Bills CS Monitor Rising Tensions Over Pensions Business Week The Bushies want companies to rev up retirement plans. Business isn't happy The Final Insult Krugman (R) Wall Street Awash With Money Forbes Duke to buy Cinergy in $9.1B deal CNN A $14B online brokerage wedding? R AIG manipulated reserves - NYT CBSM How GM and Ford Bonds Became 'Junk' WSJ Pressure's on GM boss The Ionatron Bomb NYP (R) Gold and Silver updates Critical Junctures Maund Glittering future predicted for Dubai gold exchange Gulf News Gold Expected To Resume Bull Run, Hit US$500 Dow Jones Is the IMF an Endangered Species in Asia? Pesek Investors Push Up Price of Hong Kong Property LA Times Issue in China: Labor Camps That Operate Outside the Courts NYT (R) The party is over — prepare for the hangover Times Online Asian countries subsidizing fuel hit hard by higher oil prices AFP Dark Clouds Over Europe Sennholz The Australian economy: is a recession approaching? Brookesnews Fears of hedge-fund meltdown prompt FSA to launch probe Independent Wall Street Journal to shrink Asia, Europe editions, shed jobs AFX GM sues Chinese automaker in patents row AFP Japan arrests seven for swindling 1.3 mln dlrs from Mizuho AFP Still jostling after all these years Economist
Treasury Notes May Fall on U.S. Jobs Growth, Auctions
Weekend Edition (May 7-8) Mania Still in View Cross Currents The Perfect Storm That Could Drown the Economy NYT (Gross) Stock market still pressing reset button NYT Wall St. Uncertainty Outweighs Good News AP A Stable Disequilibrium Mauldin Hooked on “The Hand” Noland SPX Volatility Trends Zeal One More Fling to the Upside? Chapman 'Hitchhiker's Guide' to asset allocation Farrell Average U.S. Gas Price Drops 3 Cents AP GM and Ford downgrade has bond markets on tenterhooks Times Online Toyota considers aid to GM Asahi Toyota fears a renewal of trade friction if U.S. automakers continue to struggle GM Denies Report of Talks With Toyota AP Can these 'fallen angels' find their wings again? Times Online World’s Fallen Angels (1987-2005) TO Buffett's Berkshire Says SEC May Sue General Re Executive BL Wal-Mart's Sales Rising Within Its Forecast, Buoyed by Food Purchases BL United Faces Hurdle Amid Strike Threats AP Full speed ahead to another Asian meltdown SMH China opposed US call for oil cut to pressure Pyongyang AFP Keep Watching Dollar, No Matter What China Does LA Times Tougher Stance on China Currency Adopted AP Why Taiwan Matters Business Week The global economy couldn't function without it. But can it really find peace with China? Personal bankruptcy at highest level for 30 years Times Online Play your cards right and the house wins Telegraph Venezuela to Investigate Oil Companies AP Globalization ideologues have no clothes Asia Times
Friday May 6 Blue chips up on Honeywell speculation Reuters Greenberg Investigated for Possible Manipulation of AIG Stock, People Say BL Crude oil rallies past $52 CBSM April Payrolls Rise 274,000 BL BLS ~ T’s Fall ~ Gold Falls Crude oil spikes above $51 in Asian trading AP Remember Free Markets? Rostenko Stagflation, the remix Economist It's not the 1970s, but the modern version could prove equally tricky World Should Shake the `Hot Potato Syndrome' BL As boomers retire, a debate: Will stock prices get crushed? WSJ The rich really are like everyone - in debt WSJ Sales of luxury items down BL Buffett's Talk of Dividend Sends Daunting Message Currier Greenspan says 'forces' keeping bond yields low BL The third 'Bold Bull' stumbles -- again Brimelow Gallup PCI Suggests 'Housing Bubble' Could be Widespread PRN Hedge Funds Experience Slow Start to 2nd Quarter, Says S&P PRN Washington’s plan to stick us with high inflation Jubak Cars, 'Star Wars' figures flex more muscle than stocks USAT Still Think Ford, General Motors Can't Go Bust? Gilbert There's no such thing as “too big to fail,'' however tragic bankruptcy would be. Double Whammy Business Week A Big Splash, Ripples to Follow (GM, F) NYT (R) Kerkorian still committed Reuters Lex: General Motors/Ford Lower ranking will increase automakers' borrowing costs DN General Motors warns may file suit against Chery AFX GE restates '02-'04 earnings Reuters Ex-AIG boss turns on former colleagues as inquiry widens Times Online Chief Executive Quits at Merck; Insider Steps Up NYT Blockbuster CEO, Icahn in tense exchange Reuters Although Icahn was able to phone into Blockbuster's conference call, he was cut off after he asked a barrage of questions and tried to talk about his proxy fight in a heated exchange with Antioco. Gates' Non-Storm Stirs Tech Contrarians TheStreet Fines for Former Chesapeake Executives CFO Stock-Trading Ban for Fannie Mae Employees CFO Feds probe gifts to Fidelity trader Reuters Former HealthSouth director calls Scrushy 'financial genius' aware of details AP A crisis of creativity is causing rumblings in the food industry Economist Is The Gold Bull Market Over? SH Blair wins election BBC Now comes the reckoning Scotsman Economy a 'poison chalice' for poll winner Times Online Consumer slowdown 'will cost UK half a million jobs' Independent Concern that Europe is losing business edge IHT (NYT) EU: No trade war with China over textiles China Daily China Is `Working Very Hard' on Exchange-Rate Reform BL Dollar/yuan adjustments alone won't fix global imbalances: World Bank AFP China's minister cools yuan revalue talk China Daily Taiwan central bank calls for regional exchange-rate coordination AFX Banks need US$220b in new capital: analyst Standard Locust, pocus Economist Some German politicians want to blame international business and finance, not themselves, for the country’s sluggish economy RBA keeps rate rise on table Financial Review Shareholders protest over Reckitt pay schemes Guardian Pru shareholders question Bloomer's 'assassination' Guardian Hedge fund chief complains of short-selling FT (R) Jonathan Bailey, a founding partner of Bailey Coates asset management, said other hedge funds and the proprietary trading desks of investment banks had attacked his company's portfolio on rumours of redemptions from the fund. Report of losses hits fund Standard “For one hedge fund to lose 20 percent [of its assets] is extremely unfortunate for that fund. But it's not really a huge issue for the industry.” Norshield blames bad press for fund redemptions Globe & Mail Manulife shareholders applaud handling of Portus affair: profit hit by $40M CP Signs show N. Korea may test nuclear weapon NYT Pope's old VW sells for $244,000 Reuters
Thursday May 5 General Motors, Ford Ratings Are Cut to Junk by Standard & Poor's BL GM, Ford stock swoon rattles funds CBSM Automakers' Debt Woes Send Stocks Lower AP Tax Receipts Exceed Treasury Predictions WP CBO US keeps pressure on China to reform FX Reuters Hedge funds get Greenspan warning on leverage Reuters Opposes Regulation Greenspan warns on Fannie, Freddie again AP Speech Futures Point to Higher Open on Wall St. AP Bearish reminders CNNfn Productivity Increases at 2.6 %; Costs Up 2.2 Percent BL BLS J-Claims Up Wall Street May Not Welcome Jobs Data NYP (R) Mocking the Maestro CNN Alan Greenspan and the Fed still think inflation's a major concern -- bond investors beg to differ. Buffett exclusive: trade, taxes, terror CNN End nears for financial beautifying IHT (Norris) Wake up or be eaten alive by inflation! Mogambo Guru Merrill: Oil to remain above $50 Reuters Back To The 1980s CIBC PDF The Intractable U.S. Trade Deficit BCA Research Deflation and the "DiGiorno Effect" Droke Keeping It Simple Stupid Hook The Value of Cash Fool States Kept Binge Bonding in 2004, Says Moody's BL Wall Street Pushes Inflation Protection WSJ Sign of a Pop: Housing is Everywhere. The Great Transition, Part III Bull not bull The Life-Cycle Effects of House Price Changes Philly Fed PDF Firm brings a Tiger out of retirement IHT (BL) Julian Robertson is getting back in the game - sort of. Flashback: ‘There is no point in subjecting our investors to risk in a market which I frankly do not understand.’ Robertson High Prices, Unhappy Returns BW (Siegel) Kerkorian's bid for GM stock bewilders Wall St. IT (NYT) Investor's Move Raises Pension Questions (GM) NYT (R) Retailers Report Mixed April Sales Results AP Nation's Insurers Face New Inquiry, This One by F.B.I. NYT Senator urges tough Fannie oversight CBSM Green: Aquila's 'not out of the woods' KC Business Journal “I tell people not to put your grocery money in us.” Lazard floats, but stock may sink IHT (NYT) AMD Accelerates Options Vesting TheStreet Company raises stink over use of scented pine trees AP SEC fines postal worker $580K CNN Tip from SEC: don't take that call Globe & Mail Att, Speculators: A Lesson from Hong Kong's Housing Bubble Wharton Homes: U.K. went cold; U.S. could too CNN Moving out of the superpower orbit Asia Times Some Wall Street banks bet on swift China yuan move Reuters China Bristles at Textile Trade Backlash WP Indian Real Estate Industry RSI Fed's Blunder Should Make Asia Green With Envy BL Brazil Central Bank Finds Irregularities in Loans Made by Banco Santos BL Bank of Communications Profit Cut by Chinese Tax Decision BL Montreal firm freezes hedge fund Globe & Mail Singapore hedge fund 'faces big losses' FT Waterford Wedgwood revamp will cost 1,800 jobs Times Online Argentina launches first bond sale since 2001 default AFP Axle of Evil Slate What happens if an Iranian company buys a famous British automaker? Adamov Arrested at U.S. Request Moscow Times RNA chairman arrested Standard U.S. Can't Account for $100M Spent in Iraq AP
Wednesday May 4 IBM to Cut Up to 13,000 Jobs, Take Charge AP GMAC not qualified for higher rating than GM-Fitch Reuters Crude falls below $49 after supply data CBSM U.S. April ISM services index slips to 61.7 ISM GM gains. . . ~ Oil Drifts Toward $49 ~ Mortgage applications rise U.S. considers reinstituting the 30-year bond CBSM T’s Fall Dollar Falls on Speculation Fed Will Slow Its Rate Increases BL Is There A "new Economy"??? Faber Bear's shadow falls over financial markets Asia Times Greenspan or Buffett? Asia Mulls Who's Right Pesek Steve Forbes Tells Bloomberg TV: Fed Policy Is Behind the Curve PRN The Landscape Darkens Further Cross Currents Maxed-out mortgages risky but common Star-Bulletin Risky lending spurs 'bubble' Washington Times Survey: 4.2 million spent half their income on shelter CBSM Destroying the American Dream... Safe Haven The Fed vs. "Oversized Opponents" EW Are You Ready to Sign Up for the $100 Oil Club? BL IEA chief issues energy investment warning FT What comes next in Social Security saga? CS Monitor Thomas Weighs Consumption Tax to Rescue Bush's Social Security Plans BL Kerkorian Offers $31 a Share for 28 Mln GM Shares BL Newspapers' Poor Circulation Fool More Grim Tidings for Nortel Business Week Insuring High Expectations (AIG) Schaeffers Google: biting the hand that feeds it? CNN Morgan Stanley May Have Pre-9/11 E-Mails AP Ex-Tyco CEO Kozlowski defends his actions AP AT&T to pay $340 million to bondholders trust to settle At Home claims AP ISS Backs Icahn's Blockbuster Candidates Forbes Icahn sizing up Siebel? Deal Berkshire: Still earning after all these years Buttonwood Spitzer counters Wall Street critics CBSM SOX Accounting Expensive for Fortune 1000 Firms SmartPros The wisdom that comes with age Hubert Sam Eisenstadt's remarkable legacy Economy shaken by worst fall in high street sales for 13 years Times O Asian giants join forces to fight currency attacks Reuters Inaction on yuan dims outlook for won rally BL Leiderman: Global financial crisis looms; Israel ready Globes Online Australia's Central Bank Keeps Key Interest Rate Unchanged at 5.5% BL Foreign debt museum opens its doors Reuters Chip glut cuts profit at Hynix BL Iraqi Gov't Sworn in Amid Wave of Violence AP Iraq, Afghan wars reportedly strain U.S. fighting ability CNN
Fed Focuses on Inflation More Than Slow Growth Berry Analysts See More Fed Rate Hikes Coming AP A Little Hanky-Panky at the Federal Reserve Banky? Gillepie Black Swan Currency Currents PDF Twelve grown economists on the Fed Open Market Committee pouring through every nook and cranny of the US economic data—no stone left unturned in the pursuit of monetary policy to guide the masses. Yet, all twelve miss that sentence? It makes one wonder out loud: Are these guys as clueless about the direction of the economy as everyone else?
Tuesday May 3 Ford Motor, GM Sales Decline in April AP The Fed's Sin of Omission TheStreet The change provoked a few angry reactions and some conspiracy theorizing among traders... Corrected FOMC statement FED Fed Raises Target Rate to 3%, Keeps `Measured' Language BL Statement Monthly layoffs lowest since '00 CNN U.S. Real Estate Booms Grow Two-Thirds AP Factory Orders Post Small March Increase AP Census Inflation bugbear threatens Greenspan legacy Globe & Mail Fed's Gradual Tightening Is `Race Against Time,' Inflation BL The Difficult Search for "Neutrality" AEI (Makin) PDF Trapped Roach What if Greenspan isn't a Hack? 321 The Man Who Wants To Be The Next Fed Chairman NYP (R) Dark clouds on US economic horizon FT Selloffs Suggest a Looming Credit Crunch TheStreet The credit boom is still on schedule to collapse in early 2006, taking the economy and the stock market down with it. What's more, the stock market is starting to see that scenario as increasingly likely. Commentary: Economic growth will slow again Kellner Déjà vu All Over Again: Happy Bulls, Complacent "Bears" Schaeffers Most hedge funds see US stocks falling more in May Reuters Magic Capital Ride AEI (Hubbard) Housing bumps ahead? CBSM ARMs, interest-only loans worry mortgage industry Twentysomethings facing bigger debts, more uncertain future AP Refining crunch to lift prices Globe & Mail GM May Not Sell Bonds as Investors Demand Junk Yields BL Gov't Investigating Brakes on GM Trucks AP General Electric Receives SEC Subpoena AP Ex-Chief linked to AIG accounting - WSJ Reuters A.I.G. Disclosures Give a Hint of How Accounting Inflated Results NYT Tyco's Profit Falls 75% on Debt, SEC Probe Expenses BL Could You, Too, Be Chairman of Morgan Stanley? Lewis Hedge fund manager foiled by fraud charges NYP (R) Gates regrets ever using stock options MSNBC Sun CEO blasts buyout rumour Silicon McNealy: "Unsubstantiated rumour" part of scheme to profit from stock spike The great American beer crisis Slate Why gold and gold shares take different paths Brimelow The Public Has Yet To Discover Gold Texas Hedge Get Ready for Deflation ~ Deflation is in the Cards SH Some Investing Lessons People Might Never Learn BL The Wrong Case for RMB Revaluation Xie Yuan Revaluation Talk Building, But Big Trade Impact Doubted IBD China's GDP now 64 pc of US in Purchasing Power Parity PTI 'Now is time' for China to move on yuan: Snow AFP China takes careful attitude toward yuan Reuters An ECB Rate Cut Is Warranted, But… BCA Research Brown's rosy view may soon turn black Times Online Industrial producer prices up by 0.6% in euro-zone eurostat PDF Russia's Economic Growth Slows Forbes S&P examines Argentina's fiscal challenges Reuters Argentina to sell bonds worth 1 bln pesos Reuters BMW Profit Drops First Time in Seven Quarters as Steel Rises, Dollar Falls BL Rivkin's death 'a tragedy of Shakespearean proportions' ABC
Monday May 2 Let’s Give Greenspan His Due Kasriel PDF COMEX gold drops on fund selling, silver tumbles Reuters Manufacturing activity rose in April, but at slower pace AP ISM U.S. March construction spending rises 0.5% CBSM Census 'Uncle' Warren Buffett And 'Cousin' Jimmy Make Beautiful Music WSJ Oil Falls to 2-Month Low on Slowing Economy BL Stocks cheer $49ers? Of Mountains And Molehills Contrary Investor The Sound of One Hand Clapping Hussman Stagflation is back -- and that's good for gold MSN (Fleck) Prudence suggests prepare for a slowdown CBSM Handicapping 'Sell in May...' Markets Will Focus on Fed's Words, Not Increase Berry The Fed Model: Fix It Before You Use It WSJ Greenspan drank the Kool-Aid Pioneer Press (R) The Fed Will Play Tortoise to the Markets' Hare Baum Faltering economy not hurting real estate Inman Fed likely to continue hiking cost of money Weakened Stock Market Drives Speculators to Real Estate WP Flipping real estate ... without getting burned Seattle Times Housing cost skews Bay Area inflation figures SF Gate Investors lack basic knowledge Harding Going With the Flow Can Backfire WSJ DJIA: Still Struggling At 10,000 BCAR New Angles for Stocks Newsweek Bond Market Braces for GM's Cut to Junk AP AIG Says to Restate Financials Since 2000 Reuters AIG Morgan Stanley Will Keep Purcell as CEO, Board Rules BL Executives leave job, but oftentimes not the payroll USAT The Goldbug, Variations V Fekete Bush's Social Security Twist CS Monitor Bush takes on still more political risk A Gut Punch to the Middle Krugman Does the Future Belong to China? Newsweek China trade surplus leaps, risking tensions with West IHT (NYT) Angry US acts to clip China's trade wings AFP RMB is not cause of US trade deficit China Daily Lack of Chinese Slowdown Just Fine by Asia Pesek A new 'China syndrome' IHT Japan deflation to last eighth year, says central bank CD Japan’s recovery: another false dawn? Global Agenda Bay St. Week Ahead: May All Be Downhill from Here Globe & Mail The Americanization of Toyota is at full throttle Newsweek A Jack Welch of Communists Newsweek Watchdog tells mortgage firm to alter sales pitch Times Online Unilever faces revolt over payout to former chairman Times Online Russian oligarch expresses interest in jump-starting Rover Times Online Accountants 'clueless' about pension savings Times Online U.S. Believes North Korea Conducted Missile Test Reuters N.Korea 'Bullies,' U.S. Says After Missile Reports Reuters North Korea Labels Bush a 'Dictator' WP
Treasuries May Rise ~ Gold May Rise BL CBOT Fed Watch Wage earners squeezed; relief nowhere in sight Cox Pity the paycheck earner. When the Department of Labor issues its April employment report Friday, it likely will show that hourly-wage earners still are losing the battle against inflation.
Weekend Edition (April 30-May 1) Buffett and Munger warn of real estate "bubble” CNN Buffett Praises Greenberg as `No. 1 Man in Insurance,' Keeps Bet on Dollar BL Buffett Maintains Bet Against Dollar After $310M in Currency Losses BL Buffett: Berkshire could pay dividend CBSM Won't discuss insurance probe Data Put Fed in a Pickle - Volatility on Tap ST Stocks brace for Fed, jobs CBS Households Run Record Deficit In Q1 NT PDF Wildness Lies in Wait Mauldin Digging a Little Deeper into “Financial Sphere” Analysis Noland Euro Gold Stealth Bull 2 Zeal Wall Street faces down old demon of stagflation AFP Housing bubble can't last forever NJO Sharp Reduction in Construction of New Homes NT CNBC's Kudlow Needs a Refresher Course in Econ 101 G-E Why Do Corporate Insiders Sell Stock? EW Only the Little People Pay for Lawn Care Morgenson Why GM's Plan Won't Work BW ...and the ugly road ahead Solectron to slash 3,500 jobs to cut costs SF Gate Nortel Files Reports with U.S. Regulators Reuters ‘Enron’ Slaps Execs, But Not Too Hard SF Gate Of mutual interest: Effects of bear market vanishing AP Precious Metal Stock Investors - Pull Yourselves Together! Maund Asia's Only Hope Roach Official: China won't revalue next week AP China Heads List of Problems for New Trade Official NYT In long overdue reality check, Germany cuts 2005 growth forecast to 1.0% AFP
Dow Average Has Worst Monthly Drop Since January 2003 BL
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