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Still Home Sick Shilling Beware if this market goes off its meds MW The Argument Against a Market Top Schaeffers Plantar Fasciitis? Saut Have We Underestimated the Likelihood & Severity of Zero Lower Bound Events? F Monetary Watch May 2011, QE III courtesy of the private banks Pollaro Hugo Salinas Price - QE in US Will Lead to Utter Destruction King World Market Volatility Increases as the End of QEII Approaches Wells Fargo Alford on Lessons Forgotten at the Greenspan/Bernanke Fed Risk Analyst The Federal Reserve’s Real Mandates Pollock Inflation Data: Actual vs. Fed's Forecast NTrust HSBC expects Chinese currency to threaten dollar Korea Times Meaningless ‘strong dollar’ WP Buffett’s silly talk about the U.S. debt MW No Guarantee Debt-Ceiling Deal Will Get Done WSJ The Good, The Bad and the Ugly - Part 3 JimQ Junk continues to lead the market Hulbert What’s all this talk about deflation? Black Swan Smith - BeSpoke - Baker - Schiff - MB Are we on the verge of a new round of deflation as optimism from rising asset prices and economic recovery figures fades? Real-estate nightmare looms for retirees MW IMM positioning: Investors remain long in the euro - even post correction Danske Is America mis-thinking its 21st century trade strategy? Part 2 VOX
Confidential Federal Audits Accuse Five Biggest Mortgage Firms Of Defrauding Taxpayers HP LED bulbs hit 100 watts as federal ban looms AP The development may not prevent consumers from hoarding traditional bulbs. Buffett reaches for Mastercard CNN Former Loan Officer Turns to Rap: ‘Greed Is Good NYMag
Soros Dumped Most of Gold Stake: SEC Filing Reuters Gold Coins Show Bull Market Unbowed in Commodities Decline BL Gartman: 'Smartest People' Getting Out of Commodities CNBC Breakdown: Commodities Tumble ... For Good? Sonders No more free lunch for commodities investors MW Commodities Forecast Update - Sell-off but upside risks remain in place Danske Commodities bloodbath ‘nothing to fear,’ mining tycoons say TStar U.S. Wheat Harvest May Be Worse Than Forecast BL
The Fall of the Global Economy's Top Steward Spiegel IMF chief denied bail Portugal Bailout Approved, EU Presses Greece BL A colour-coded guide to the Greek crisis FT Alphaville A Loan and a Prayer Roubini Europe cannot afford to continue throwing money at insolvent eurozone members and pray that growth and time will bring salvation. Spain shies away from Irish-style bad bank Reuters BOJ warns economy in severe state, beating deflation not enough Reuters Foreign Investment in China Climbs 15% BL Housing market still feels the chill Shanghai Daily 3.5% Decline China says EU gives subsidies SD EU president calls for level field with China AFP Energy crunch looming China Daily China's New 'Ghost Cities' via HP China Buyers Make Vancouver Pricier Than NYC BL Canada: housing starts expected to decline in 2011 NB Financial Patchy economy won't stop RBA hike Australian Saudi investors warned against fresh debt trap Arab News The Complicated Hunt for Gadhafi's Billions Spiegel
Manufacturing in New York Cools on Material Costs BL Hanging Around, Hoping to Get Lucky Hussman Americans shed mortgage debt at record pace CNN Geithner Predicts Double-Dip if Congress Fails to Lift Debt Ceiling National Journal Obama: If investors “thought we might renege on our IOUs...it could unravel the entire financial system” Unhinged Price Economic Fears Boost Treasuries Forsyth Why the Job Market Feels So Dismal WSJ The U.S. is becoming a 'server nation' CNN Video ‘We can no longer live beyond our means’ FP China: The New bin Laden Roberts Krugman Krugman Sameulson - EB - Keen - Hugh - Mish Fair-trade coffee fix National Post Banks, pension funds bid for TMX Group G&M Nasdaq Drops NYSE Bid, Clearing Way for Deutsche Boerse BL Chinese internet IPOs lose their sheen Finance Asia Some investors now fear a repeat of the late-1990s tech bubble, arguing that valuations are unrealistic given the uncertainties about these companies’ long-term profitability...
IMF board postpones meeting on Strauss-Kahn arrest Reuters IMF chief's arrest costs Europe key ally in Greek debt talks Telegraph European Debt Talks Turn Murkier WSJ Fox: Paul, who makes no secret about his disgust of IMF policies, said Strauss-Kahn demonstrates why the Fund has problems. The Greek debt crisis: The ECB’s three big mistakes VOX The UK's monetary independence is a blessing for the eurozone King Rising Self-Interest Frays EU Spirit Spiegel The financial crisis has split the continent, and "me first" has become the new credo... ’Lightning Bolt' for French Politics WSJ Exclusive: Salaries for top executives are rocketing 'out of control' Independent The secret empire behind the city's newest billionaires Independent Japan’s Machinery Orders Unexpectedly Rose in March BL Fears over mortgage rate hikes keep buyers at bay Standard Most Chinese billionares are self-made China Daily Japan widens evacuations outside plant zone AFP Japan officials deny asking for Tepco loan waiver Reuters Number of the Week: Foreign Banks Bet on China WSJ
Israel-Palestinian violence erupts on three borders Reuters Real estate, retail in focus next week MW IMF's Strauss-Kahn in custody over sexual assault MW Kicking the Can to the End of the Road Mauldin Why Bill Gross is Wrong...In the Short Term Puplava Market Is Missing Big Picture On Inflation Threat: El-Erian CNBC “This is not transitory, guys, this is hurting me” Kicking The Can! Harding Noland Investors Say Tax Hike Needed to Cut Deficit BL Medicare, Social Security Funds Expiring Sooner, U.S. Says BL Why I'm Buying Goldman Now Kass Dollar-Weighted Volume Line Swenlin FX Forecast Update: Euro sold in May, but dollar weakness here to stay Danske A Jobs Recovery Is Happening Faster for Some Countries Than Others Norris Bonfire of the Real Wealth Armstrong Weekly Focus: Debt crisis intensifying Danske Global Views - Global Equity California's Tax Revolt—In Favor of Higher Rates WSJ (Complete via Google) Flood wreaks havoc with Mississippi economy CNN
Chained but untamed Economist The world’s banking industry faces massive upheaval as post-crisis reforms start to bite. A Low Bid for Fixing a Big Mess NYT (Morgenson) Money market funds are still an accident waiting to happen Independent Another digital gold rush Economist Buffett's Jets investigated Telegraph Silver Near-Crash ZEAL Margin hikes threaten your silver, gold, oil stake MW Cooling it on energy, commodities G&M High Gasoline Prices May Be Dampening Spending Wells Fargo Battle for Arctic oil intensifies as US sends Clinton to polar summit Guardian
Euro Drops to Six-Week Low Versus Dollar Before Ministers Meet on Greece BL The euro zone’s conundrum: A two-speed economy G&M European Bailouts: Unhappy One-Year Anniversary BMO German Economy Eclipses Pre-Crisis Levels Spiegel Producer prices scrambling back to pre-crisis level fast DBResearch Greek crisis forces thousands of Athenians into rural migration Guardian Vietnam police arrest 56 Asians for fraud: report AFP Cost of food leads to record city prices China Daily China hits out at Clinton over rights criticism AFP Pakistan May Withdraw NATO Transit Facility Over Drone Attacks BL
U.S. Consumer Prices Rise 0.4% on Fuel, Food Costs BL Michigan Consumer Sentiment Index Rose to 72.4 in May BL Niall Ferguson's 4 Reasons Why US Dominance Is Over CNBC Mortgage rates at 2011 low, but many won't benefit AP Part 2: Time To Be Serious (and probably too early) Once Again Grantham Goldman’s O’Neill Sees Investors Missing Stock Rally on ‘Black Swan’ Fears BL Obama, Senate GOP meet as debt crisis looms CNN The deficit spending storm we cannot avoid WT Americans Oppose Raising Debt Ceiling, 47% to 19% Gallup Slipping and stalling with housing Boston Globe It has been five years since the housing bubble peaked, and despite all that effort from the feds, prices are still bumping along the bottom 20 Wacky Statistics About The U.S. Real Estate Crisis Economic Collapse How Lowering the Cap for U.S.-Backed Mortgages Will Affect Buyers NYT Bair sees millions of 'infected' foreclosures Fortune Housing Losses Are a Financial Disaster Smith FDIC’s Bair Says U.S. Money Funds “Highly Unstable in a Crisis” BL “Money-market funds are maintaining a fiction of a stable” net-asset value” Las Vegas looks a lot like the new Detroit MW Last year Nevada reported its first population decline in 90 years What Would Really Bring about a Dollar Dive? EB
Why have no executives gone to jail for their roles in the financial crisis? Lowenstein The People vs. Goldman Sachs Taibbi Rajaratnam and Reasons to Be Glad Trial Ended BL U.S. banks are still in the dumps G&M 3 Dow stocks that are in a slow death spiral MW Tim Hortons blames Roll up the Rim G&M Erin Burnett’s exit will make CNBC even duller MW Glencore CEO blames speculators for commodity price slump Finance Asia Australian Uranium output to double in four years Dow Jones Food Prices and Inflation in Emerging Markets FRBSL Americans Turn to Credit to Deal With High Oil Prices WSJ
China May Limit Rate Increases After Raising Reserve Ratio BL Reserve requirement ratios raised to record high by PBOC China Daily Down-Under Hypocrites Bet All on China’s Boom Pesek Damage Control Isn't Good Enough to Save Europe Spiegel This dilemma is admittedly difficult to resolve, but Merkel isn't even trying. Eurozone crisis is still dangerous, IMF warns Independent Research: Greek debt restructuring difficult to avoid Danske The Full Brady Eichengreen Financial markets are increasingly certain that a Greek debt restructuring is coming. Fortunately, there is a way to avoid the worst The eurozone's journey to defaults Wolf (Complete via Google jump) Japan’s Most Important Banker Sees Only Bubbles BL In Japan, Car Sales Surge — Imported Cars, That Is WSJ Japan to Aid Tepco Compensation for Nuclear Crisis BL Bad bank to buy up 1 trillion won of soured loans Korea Times Lenders are trying to salvage as much as they can from their non-performing assets...
BRICs start to crumble Barron’s Consumer Comfort Declines as Gas Prices Climb BL Retail Sales in U.S. Rise on in Fuel, Food Spending BL J-Claims Drop Economists Trim Growth Outlook, See Steady Fed Reuters Bernanke Says Fed to Propose Financial Rules BL Testimony Investment Flash: The Collapse of Leverage Lamont Dollar in graver danger than the euro FT Imagine a country that spends and prints trillions to patch up any problem. Poll: China’s Yuan Convertible by 2016 BL Treasury Auctions To Take US Over Debt Ceiling On Monday Dow Jones Why Geithner won't be selling our gold CNN On Housing, There Will Be More Lean Years Ahead WSJ Expect another 10 years before U.S. housing prices return to their 2006 highs. The Myth of Homeownership Wealth Creation Reason A Recession is Coming But Not Yet Rubin The bubble that is still popping MB Dr. HB - Smith - Russell - Harrison - Crudele - Panzner Is Another Global Financial Crisis Looming? Weiss U.S. Debt Crisis Exposes Oz Behind Tax Pledge Carlson U.S.-China Strategic and Economic Dialogue Startfor
At Hedge-Fund Confab, Fear and Loathing WSJ Some at the conference said the verdict helped spook the markets on Wednesday. Red Flags For Chinese ADRs IBT More Hedge Funds Head to Singapore BL Buffett's Biggest Missteps Investopedia
J.P. Morgan's hunt for Afghan gold Fortune Add Silver to the List BeSpoke Solar Power Prospects NCPA Oil CEOs on the Hot Seat WSJ Oil speculators: Manipulators or savvy investors? DF Special report: What triggered oil's greatest rout Reuters Is nuclear energy derailed? G&M Investors Shifting to Cash From Commodities BL
China Orders Banks to Set Aside More Cash BL Why the Chinese Should Fear HyperInflation CNBC China’s M2 sees slowest rise in 29 months Shanghai Daily Middle class appetites drive China food inflation AP China’s Economic Colonization Goes Down Under BL Euroskeptics dig in as bailout costs balloon G&M Greeks Strike Over New Austerity Proposals WSJ Greeks Blaming Speculators Sure Sign of Panic Weil Ireland is Headed for Bankruptcy – says a man who knows Global Speculations Debt Crisis Could Still Spread Across Europe, IMF Says HP UK growth to slow and prices to rise, Bank of England warns Telegraph Fixing Japan’s Fiscal Mess Diplomat
Galleon’s Rajaratnam Found Guilty in U.S. Insider-Trading Case BL Trade Deficit in U.S. Widened in March on Oil Imports BL Forbes predicts return to gold standard within 5-years HE Rival Currencies Take Aim at Dollar's Dominance Spiegel The dollar is losing its position as the world's leading currency... This Nasty Catalyst Will Take Down Stocks Kass 'I Will Be Shorting US Bonds': Jim Rogers CNBC Bill Gross: The leader Treasury, Fed needs Farrell Gross: The Vigilante Atlantic Some at Fed tap Tony the Tiger to talk inflation Reuters US Forecast Update: Slower Growth in 2011 Morgan Stanley Rent or Buy, a Matter of Lifestyle Leonhardt The Global Dollar Dump Is Already in Progress Pt 2 Phoenix
Microsoft’s $8.5 bln Skype price is in the cloud Beales Paulson in line for $726m payout on Lehman debt Independent Global Auto Report Scotia Warren Buffett to appear on 'The Office' MSN Gold timers finally throw in the towel Hulbert China’s Commodity Deals Dropping BL Silver ETF short interest dived ahead of silver plunge Reuters Commodity market puts squeeze on margin trading G&M Too early to call a bear market for copper Reuters
China's April inflation higher than expected Reuters China’s auto sales posted its first annual decline in 27 months... Shanghai Daily Italy Next to Seek EU Bailout: Wealth Manager CNBC Europe needs a debt jubilee Saft Greece and the euro - Bailing out the bail-out Economist Greece pressured over asset sales Times UK Research: Ten good reasons why the BOE will keep rates unchanged in 2011 Danske Bigger Troubles for Indian Micro Credit Asia Sentinel
Cost of U.S. Imported Goods Rose More Than Forecast in April BL Small-Business Pessimism Deepens WSJ PIMCO raises bet against U.S. government debt Reuters Me, Lord Marlboro and the Dow!? Saut Long-Term Inflation Risks Wells Fargo The risk of U.S. default Morici Policymakers learn a new and alarming catchphrase FT-Tett ”Prescient” economic indicator is bullish Hulbert Dodd-Frank and Housing Finance Reform AEI A Cure That's Worse Than the Disease Volker: Deficits pose real danger to economic stability Reuters “I will put the point bluntly. It is simply unrealistic and irresponsible to believe budgetary balance can be achieved without higher revenues relative to GDP.” Are Michigan and Illinois like Greece and Ireland? VOX Smith Rear-View Mirror Can’t Forecast 2011 Economy Baum 2 U.S., China Pledge to Address Currency, Financial Issues BL "Have Acquisitions of Failed Banks Increased the Concentration of Banking Markets?" FRBSL IMM positioning: EUR/USD sell-off likely driven by position unwinding Danske Microsoft nears deal to acquire Skype WSJ Dodd-Frank Dissenters Sound Off Sorkin
Oil slides as much as 2 pct after CME hikes trading margins Reuters Gold Trade Is Only Winner in Inflation Attack Pesek Hi-yo Silver, away! Kellner The Relatively Poor Performance of Gold Stocks, 1976-1980 and Now Saville Jim Grant Calls for Return to a 'True Gold Standard' Seeking Alpha Sugar Imports by China May Surge 35%, ANZ’s Deane Forecasts BL Commodities Will Be Banking’s New Battleground Lynn Food Fears Return Project Syndicate
ECB Rejects Restructuring as Greece Struggles to Repay Debts BL Greece angered by S&P rating cut Telegraph “Decisions by ratings agencies must be based on objective data...When such decisions are based simply on rumours, their validity is seriously cast in doubt” S&P: “We have a recovery rating on Greece which is 4, which implies that under a default scenario we would expect a haircut of between 50 and 70 per cent” Dennis Gartman: Early Stages of EU That's Falling Apart CNBC China Has Bigger-Than-Forecast $11.4 Billion Trade Surplus BL China's Currency and Trade Balance: Two Pictures EB PBOC to gauge debt demand Shanghai Daily The Ease of Sleaze in Hong Kong Asia Sentinel Insider trading netted millions for corrupt CEO Shanghai Daily
Smart money betting against China: Zuckerman Breakout Greenspan 'betrayed' Ayn Rand and ruined economy: Rand Institute President Daily Ticker Fed Says U.S. Household Debt Increases 0.3% in First Quarter BL FRBNY More Evidence of Double Dip - Home Prices Plunge Reuters Dr. HB The Menu Hussman Rising Global Interest Rates Create Headwinds Hester Plain peaking Smith Prosperity, Depression, and Progress American Some See Bond Boost At End Of QE2 WSJ (Complete via Google jump) Why America’s “zombie consumers” won’t be coming back to life soon G&M Does dollar strength herald another crash? Brimelow Corrigan On The Inflationary Diabolus Ex Machina... Via ZH Keen - Smith - Mish - Panzner For the young, there’s a silver lining in the housing bust Samuelson Why are reserves so big? And who is to blame? VOX About 1 in 7 in U.S. Receive Food Stamps VOX
Why junk bond rally should be cheered -- and feared AP Junk has gained 55 percent the past two years, 5 percentage points more than stocks How Long Will the Tax Break on Municipal Bonds Last? WSJ Chinese Internet firms rush for US IPO Xinhua Seven Stocks Look Like Prime Takeover Targets Dorfman Amtrak, 15 states get Florida's $2B in high-speed rail money AP
Gold May Advance as Investors Return After Last Week’s Rout; Silver Gains G&M Reasons not to fondle your gold FT (Complete via Google jump) Butler “I have my doubts that this moment is comparable to the late conversion of the Carter administration and the Volcker Fed to a strong dollar and tight money. This administration and this Fed are, respectively, not that desperate and not that principled.” Behind the commodities rout: China's moves to harness inflation G&M Commodity Hedge Fund Loses $400 Million in Selloff FT China’s polysilicon back in the sunshine Caixin Gas hits $4 mark, near all-time high CNN Goldman Sees Commodity Recovery as Slump Erases $99 Billion BL What’s the Difference Between Onions and Corn? No Speculators WSJ New primer on excessive speculation in agricultural commodity markets LATP
Greek Debt Rating Cut to B by S&P on Restructuring Concerns BL Euro Holds No. 1 Spot as EU Shows Resolve on Greece Debt BL Weinberg: “We expect an eventual multi-year restructuring of both Greek and Portuguese bonds, and probably Ireland’s bonds too.” Ireland Reportedly Expects Debt Restructuring Within 3 Years Reuters Roubini Says Euro Exit Beats Recession: Report CNBC Renminbi hits news high against US dollar Xinhua U.S. Will Urge China to Boost Interest Rates in Washington Talks BL China's rising wages propel prices WSJ “This idea that we have moved from an era of easy deflationary environment to one of inflation is correct” China’s yuan settlement problem MA Debt woes as firms struggle to sell properties Shanghai Times “In order to have more cash on hand, property developers may adjust their prices and adopt fast sales strategies to launch more new property projects in the coming months” Inflation expectations climb to 29-month high Independent More Private Investors Try Their Luck in Forex Margin Trading Chosun Global economy is fragile, warns BHP Dow Jones
Week ahead: Commodity prices front and center CNN CNBC The ECRI Weekly Leading Index: A Second Week of Fractional Decline Dshort Muddle Through, or Crisis? Mauldin Florida bank is 40th closed in 2011 AP FDIC By this time last year, regulators had closed 68 banks. The Gilded Age of Speculative Trading Noland US Dollar Bear Rallies 2 ZEAL Don't Be Fooled By The Jobs Report! Harding If You Have the Answers, Tell Me NYT (Mankiw) Sovereign Debt Crisis: Will the Third Falling Domino Topple a Fourth? EW Nixonomics at the New York Times North Fears and Failure Krugman MyBudget Fannie Mae seeks $8.5 billion more in federal aid AP Fannie’s bailout nears $100 billion The Underfunding of State and Local Pension Plans CBO Citigroup 10-for-1 Reverse Split Swenlin Global Views - Weekly Focus - Global Equity High-Frequency Traders to Face More SEC Scrutiny, Chairman Schapiro Says BL If Mortgage Fraud Was Rampant, Why Aren't Criminal Charges? FOX News Moving the Goal Posts on Pay NYT (Morgenson)
Behind the commodities rout: China's moves to harness inflation G&M Investors pull money from commodity-sector funds MW 'Smart money' left silver trade months ago MW Hedge funds, other large players cooled speculative bets before metal’s crash Silver ETF Has $1 Billion Outflow - Worst Week Ever Reuters Silver’s Destiny with 200 Puplava With the Dollar in Turmoil, Two Debates on Gold Captivate Manhattan NYSun Oil crash pits floor veterans versus computer algorithms Reuters "If you'd followed conventional wisdom... you would have got killed" Oil price collapse pays off for one speculator CNN What is the oil tipping point? BMO Food Inflation Still a Worry Despite Commodities Selloff Reuters
Ireland to get 'loan rate drop' BBC Stronger yuan does not hurt forex reserves Xinhua EU Finance Chiefs See More Aid for Greece, Reject Euro Exit BL Secret Greece debt restructuring talks held Telegraph Ministers Meet To Study Fixes On Greek Debt NYT A Future Scenario for Asia Asia Sentinel Merkel Still Trying to Block an ECB President Draghi Spiegel
Syrian Tanks Storm Banias a Day After 40 Protesters Killed BL
Silver has worst week since 1980 MW Gross: When PIMCO Will Change U.S. Short Bet Reuters China pushes U.S. on debt ahead of high-level talks Reuters Greece Denies Report It's Seeking to Leave Euro AP Greece Considers Exit from Euro Zone Spiegel Oil 'goes crazy' after jobs report CNN U.S. Payrolls Grew 244,000 in April; Unemployment at 9% BL BLS The Case for Human Ingenuity Absolute Return Letter The Tipping Point Has Arrived Comstock Preventing the Next Flash Crash NYT Debt Ceiling: The wheeling and dealing begins CNN Libya and the decline of the petrodollar system ATimes The IMF’s Switch in Time Stiglitz Warner - Smith
AIG posts ongoing loss on debt, quake charges Reuters Zuckerberg Can Rest Easy at China’s Challenge Pesek Renren's social network impresses US investors Finance Asia Time to focus on dividends Jubak Warren Could Be Blocked By Senate GOP Unless Consumer Agency Is Weakened HP Carlyle Faces Questions Over China Investments FT “To paraphrase Oscar Wilde, to make one duff investment might be regarded as misfortune, but to make two smacks of carelessness” Sony confirms personal info theft of all 77 million network users Kyodo SEC sues man who said he wanted to buy American, Kodak USAT
Silver Set for Worst Weekly Drop Since 1975 Amid Commodity Rout BL Silver: “Its biggest one-day drop in dollar terms since the Hunt Brothers price squeeze...” Silver pullback is a buying opportunity MW Don't Fear a Pullback in Prices Holmes Xerion’s Arbess calls gold ‘one-trick pony’ MW Jim Paulsen: “It starts to scare people if commodity prices are dropping this fast” Commodity selling peters out but outlook cloudy Reuters Commodity Rout BMO Bill Gates and Warren Buffett praise uranium G&M Goldman BRIC Fund Among Most Hurt in “Panic” Commodities Selling BL
Canada Adds More Jobs Than Forecast as Unemployment Falls BL Asia Inflation Fight Spreads on Philippines, Malaysia Rate Moves BL Dollar soars on RBA rate hike warning Dow Jones Inevitability of a Default in Greece NYT (Norris) Zhu Says China “Will Push Forward” With Improving Yuan System BL “China is ready to intensify communication with the United States” China loses $271b from debt holdings China Daily China suffered a loss of about $271.1 billion on its foreign exchange reserves accumulated between 2003 and 2010, because of the depreciation of the US dollar... US accused of dumping cars Shanghai Times US complaints 'bargaining strategy' China's Next Port of Call: Luxury Yachts BW Assessing credit risk in Greater China Finance Asia Rates held as UK suffers biggest drop in growth since Lehman failed Telegraph
Did bin Laden cost U.S. trillions of dollars? CBS
Gold, silver drop on new margin increases AP Silver settles 8% lower, Gold below $1,500 MW Jim Rogers: Oil Price Will Keep Rising; Silver to Fall CNBC Jobless Claims in U.S. Unexpectedly Jump Due to Anomolies BL Jobs figures come with rose-colored glasses Crudele Pimco Bets on Weaker Euro, Stronger Won, Aussie, Singapore Dollar BL Morgan Stanley, Goldman Sachs Counter Bearish Gross on U.S. Debt BL Improving job market ignites sharp rise in apartment rents USAT Strategic defaults could get very ugly MW US Banks Fret Fed Regulations FT Business Cycle Monitor: Returning to moderate growth Danske 400 Analysts and Economists Are Bullish. But Before You Join Them, See This Chart EW Berkshire’s Board Treats Buffett to Whitewash Weil Freddie Mac posts first quarterly gain in 2 years AP But even with the net income gained, Freddie Mac posted a 29-cent per share loss attributable to common stockholders. It’s the End of the Dollar (As We Know It) Amphora Panzner - Baum - Yves - Smith - MB Hope For 20-Somethings Hits Historic Low, Poll Finds HP
Central Banks Expand Gold Reserves With $6 Billion in Purchases BL Silver Criticality - Why Silver Might Crash HindeSight At the gold pit, Soros sells and Paulson purchases MW Paulson said he still has most of his personal wealth in gold-denominated funds Silver's bear turn not over yet after 20 percent dive Reuters Once support breaks at the 50-day moving average near $38.50, silver lacks additional support before the 200-day moving average between $28 and $31 Silver pullback is a buying opportunity MW Silver triggers broad decline in commodities Reuters Carlos Slim Actively Selling Silver Futures: Spokesperson CNBC CME Group Announces Further Margin Hikes For Comex Silver Futures Kitco The fourth such announcement in the last two weeks. Where will China find the oil to power its economy? Rubin China doesn’t have to build a blue water navy or engage in an arms race to take a big slice of the U.S.’s energy pie . All it has to do is stop showing up at the U.S. Treasury auction... Will high oil prices bring a new recession? EB China’s Top Fund Manager Favors Commodities as Inflation Worsens BL Gold recycler makes a mint CNN Gasoline demand drops as price rises CNN Food Prices Rise to Near-Record as Inflation Accelerates BL Can the World Feed 10 Billion People? FP Ponzi Financing Involving Copper Trade Gone Wild In China Mish Canadian Solar Aims to Increase Market Share Amid Supply Glut BL
Trichet Signals No ECB Rate Rise in June Reuters Portugal agrees sell off for bail-out Telegraph Portuguese Gold Sale Urged by Senior German Lawmakers as Mexico Buys IBT Five ways to correct the Greek debt crisis El-Erian The Coming Euro Crack-Up Stelzer Sensex may slip into 'bear' phase as cost of funds rises Economic TimesChina Invests Overseas Asia Sentinel China frees rights lawyer but another disappears AP
U.S. Services Index Falls More Than Expected in April BL Adviser is hoping for a 50,000% return in gold Hulbert ADP Estimates U.S. Companies Added 179,000 Jobs in April BL Planned job cuts decline Dollar extends loss after ADP; euro tops $1.49 MW U.S. Dollar's Recent Decline Rekindles Pre-Recession Fears Reuters Investors move back into cash in April: poll Reuters Standing Apart Kass Near-term consolidation may be coming fast MW Would the "Atlas Shrugged" Strategy Work? Bear’s Lair Debt ceiling: Are you freaking out yet? CNN “We're not seeing widespread panic yet, but Geithner hasn't had to change any auction dates” ”Dumb Money” Flees Muni Funds as U.S. Investors Snap Up Individual Bonds BL Recovery efforts could speed dollar’s decline Irwin Peter Thiel's College Bubble Theory Gains Few Believers HP Fighting the depression, losing the war Saft Stocks Rally On the News of Bin Laden's Death, You Say? It's Not That Simple EW A Mission Not Yet Accomplished NYT (Leonhardt) Keynesians Miss the Point, for Now NYT Our Kind of Class Warfare O’Rourke El-Erian - Mish
U.S. Accuses Deutsche Bank of Massive Mortgage Fraud FOX Business Justice Department, SEC Probing Senate Findings on Goldman BL Elizabeth Warren's war heats up Fortune Let's make a deal on foreclosures in California LAT Silver, Gold Futures Sliding as Soros, Passport Are Reported to Be Selling BL WSJ: “The Soros fund has sold much of its gold and silver investments over the past month...” Is gold about to go vertical? MW Compared to past bubbles, gold should move higher COMEX silver extends losses; iShares holdings dip Reuters Gold, Silver Prices Search for Support TheStreet Silver and Derivatives Dislocation HP Gas Prices Closing in on 2008 Highs BeSpoke
Portugal reaches bailout agreement Telegraph “I have always said that asking for aid would be the final way to go, but we have reached the moment.” Greece: imposing bond losses would be huge mistake AP German Boom Fuels Inflation Angst Spiegel China’s ‘Hawkish’ Central Bank May Tighten Even as Economic Growth Cools BL As China Invests, U.S. Could Lose NYT Factory slowdown rules out imminent rate rise Independent Korea to Diversify into Yuan as Forex Reserves Hit $300 Billion Chosun As of the end of last year, the dollar still accounted for 63.7 percent of Korea’s foreign currency reserves, which is higher than the global average of 61.4 percent. Major banks face a capital ratio of 11.5% Shanghai Times Alarms ring on rising mortgage arrears Australian ANZ and Westpac's rise in mortgage arrears highlights an "alarming" problem lurking in the broader economy, say analysts. China bails out Saab Finance Asia Stock market crash not on cards: Sebon Myrepublica N-plant crisis impacts bond market / TEPCO bond yields soar Yomiuri
Silver futures fall 7.6%; gold extends losses MW The Dollar: It’s Payback Time! Merk When to panic over the shrinking greenback G&M Orders Placed With U.S. Factories Increase More Than Forecast BL Fractured Fair Retails Contrary Investor Why China Overheats Maikin China's inflation rate has reached a point where it is sparking social unrest. The world's second-largest economy faces some fundamental choices if it is to restore stability. Monthly Economic Monitor NB Financial Sleepwalking through America’s Unemployment Crisis El-Erian In the U.S., ‘the mother of all jobless recoveries’ G&M “Barely a fifth of [U.S.] employment losses have been recouped. That’s a rarity for the second year of a recovery cycle. It’s never happened before...” Geithner gives Congress more time on debt limit AP Treasury Sec'y says he can delay default until Aug. 2 with bookkeeping maneuvers The bin Laden spending spree CNN Grow Up, Guys! Barron’s US Debt Rating Should Be 'C': Independent Agency CNBC Better dead than Fed Price Federal Reserve must be held accountable Politico Ben Bernanke’s Bet on Jobs and Inflation Samuelson Is it time for the US to disengage the world from the dollar? Pettis Lucky People Saut The unlikely bull market continues Hulbert A secular bull market? Don't be fooled CSM The Forgotten 'Flash Crash' - One Year later Dorsch Beware of runaway headline inflation VOX Protecting People From Their Own Ineptitude Kid Dynamite Dr. HB - Baker - EB Housing’s Good News Is Federal Cash Shortage Baum
US appetite for Chinese internet IPOs defies weak profits Finance Asia Buffett Lets the Facts Bury Sokol DealBook Analysts See a Bargain in Uranium Stocks After Sell-Off CNBC Silver extremely vulnerable to a sharp decline, gold overheated - CPM Mineweb Eric Sprott defends selling his silver units G&M Are Commodity-Rich Countries Worth a Look? Schwab Gold Russell Get hoarded gold to serve economy, experts urge Thanh Nien A central bank official said that the new rule is an attempt to eliminate the role of gold as a means of payment ”Fracking” starts to bring on legal challenges G&M
Tories sweep to majority, NDP to Opposition in historic election G&M G&M: The Conservatives haven’t made specific promises this campaign but a majority gives them the legislative power to open up the telecom sector to greater foreign investment. India Central Bank Signals Higher Rates on Growing Price Risks BL RBA warns inflation on the rise Australian Bank of England Governor Mervyn King warns on interest rate rise Telegraph Public finances in euro zone: Are investor concerns grounded? NB Financial Bond Vigilantes Ignore Next Stage of Euro Mess BL Europe’s Dangerous Game Trumpet No country in history has ever avoided defaulting on its debt once it has reached 150 percent of gross domestic product. ECB official open to extending Greek debt maturities Reuters Greece to Name and Shame Tax Evaders CNBC Advanced Economies: Minutes to Midnight? Part II YALE Yuan rises past key level VS dollar BL Made-in-China Superyachts Mark Rise of Local Luxury Brands BL Profits of listed firms up 37% in 2010 Xinhua
Silver settles 5.2% lower as trading cost rises MW ISM manufacturing index falls to 60.4% in April ISM Construction Spending Osama bin Laden Killed: 'Justice Is Done,' President Says ABC Text of Obama statement on bin Laden Number of the Week: Millions Set to Lose Unemployment Benefits WSJ Extreme Conditions and Typical Outcomes Hussman Banks Buying Most Treasuries in Nine Months in Signal for Slowing Recovery BL A Fistful of Dollars - Part 2 JimQ Resist the madness of the crowd MSN (Fleck) Hedge funds increase bets dollar will decline Telegraph The data shows that investors are pulling out of the dollar in favour of almost every other currency except the Japanese yen. Needed: A Chart to Lure Bulls Barron’s America's reckless money-printing could put world back into crisis Telegraph America's base money supply – the bedrock of the world's reserve currency – has doubled in little more than two years. Is this the Bernanke gold market? Brimelow Be Careful Wishing for the Fed’s End Lowenstein Let’s get real and Fire the Fed Black Swan Bernanke’s bet on jobs and inflation Samuelson What is Bernanke's favorite word? CNN Debt ceiling fight is here CNN When lawmakers return to Washington on Monday, the debate over raising the nation's debt ceiling will kick into hyperdrive. Treasury Traders Turn Their Backs On Debt Ceiling Uncertainty Dow Jones “It's almost inconceivable that they won't raise the debt ceiling. It would be a bizarre situation, and the market would implode” Failing to Raise U.S. Debt Ceiling Would Be ‘Most Asinine,’ Buffett Says BL Springtime for Bankers Krugman 2 Baker - Smith - Keen - Econbrowser - BeSpoke
Hulu Investor Warns of Bubble in Web Valuations FT Small-Stock Caution WSJ Small caps have been lumped in with other risky assets like high-yield bonds and commodities Five of Dow’s Top Stocks Likely to Keep Rising Dorfman High U.S. debt looks good compared to some companies USAT The Global Economy’s Corporate Crime Wave Sachs Corporate corruption is out of control for two main reasons. The F.D.I.C.’s Lehman Fantasy DealBook Facebook IPO in 2012? WSJ Flash crash for silver MW Mish At one point early Monday, the price dived 12% within 1 minutes... Gold-Buying Central Banks May Signal Bullion Extending Record Price Rally BL Oil falls by 1 percent on news Bin Laden dead Reuters Making the case for a long-term bull run in commodities Petruno
Yuan breaks through 6.5 dollar mark Shanghai Times Investors Doubt Orthodoxy on Greek Debt WSJ (Complete via Google) Greek credit-default-swap prices imply a 46% probability of a restructuring over the next two years... Life on $1.25 a Day Won’t Win an S&P Upgrade Pesek Gov't gives go ahead to bad bank Korea Times Tale of two weddings... how the royals reflect the financial mood King China, UStoholdstrategic & economicdialogue Xinhua
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