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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 DollarTaylor
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 TrapThe 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 People’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 $49Mortgage 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