Weekend Edition (Nov 29-30)
Pound and euro surge as dollar feels the strain Times Online
Valuation Wave Reversion 3 Zeal
Compounding the Problem Prudent Bear (Noland)e
Exposing some popular fallacies about buying a home Economist
Mutual Funds Try to Reassure Investors WP
8x8 Surges in Thanksgiving 2003 Bubble BloombergP
Pricing and Valuing Financial Assets - It's a great time to sell! 321
Retailers braced for a miserable Christmas as shares tumble Independent
Barclays still pitching 0% for credit card despite ban Times Online
Ponzi stamp on property pipedreams SMH
CPI posts first rise in five years Japan Times
Mexican Peso Extends Declines to Record Low Bloomberg

Friday November 28
Rubin defends Greenspan’s tactics Times Online
In revealing his close working relationship with Larry Summers, deputy US Treasury Secretary, and Mr Greenspan, Mr Rubin discloses that the three of them began to discuss their concerns about the stock market as far back as 1995.
Rubin ~  Amazon
Alan Greenspan's low-paying job CNN/Money
Price Inflation Has Never Disappeared North
Public Participation 13 Comstock
Soros 'speculating against dollar' Independent
The pound surged against the dollar yesterday amid speculation that Warren Buffett and George Soros, the world's most famous speculators, are betting the US currency will plummet.
George Soros adds his weight to the case against the dollar Inde
The latest rumour to feed the frenzy is that George Soros has taken some sizable short positions in the greenback...
The Dollar Drag Time Terror still stalks the dollar CBSM
Lehman Says Dollar `Unattractive'; Fed Takes `Partial Credit' Bloomberg
Dollar Declines to Record Versus Euro, Heads for Losing Week Bloomberg
The Gold Price GoldMoney
WGC gold fund hits third iteration Mineweb
Platinum - Is There Enough? Mining Weekly
Sell Your Bonds Forbes
The Good News NY Times (R) (Krugman)  Yardeni Prudential PDF
Back in the U.S.S.R. Financial Post
Jobs Overseas? Another Attempt to Explain Mises
Clinton seeks to reassure investors and stem outflow FT
Milken Brothers and Ellison Taken to Cleaners Bloomberg
Shopping Slump NY Post  Get ready for Black Friday CNN/Money
Sibleys to close 29 shoe stores Det Free Press
The Wal-Mart juggernaut rolls on Independent
Kozlowski wins scoundrel vote CNBC
Party On, Euro. The Fiscal Time Bomb Is Ticking Bloomberg (Baum)
If the dollar's current weakness is about the lack of budget discipline, what should we say about Europe's predicament?
Rate rise knocks consumer confidence Times Online
HSBC axes 450 jobs in investment bank shake up Times Online
BOJ tastes first red ink in 31 1/2 years Japan Times
Pension cuts sought to save system JT
Ashikaga Bank may need state bail-out FT
China's GDP expected to exceed 11 trillion yuan this year People’s Daily
Beijing authorities may bail out lenders again IHT
BMW China sales more than double IHT
80 percent profit of Volkswagen comes from China People’s Daily
Scotiabank U.S. Pullback May Prompt Banks to Rethink Expansion Bloomberg
Bush makes top-secret trip to Iraq Toronto Star
President’s brother has $2M contract in China Newsday

US Gets 9 Days to Abide by Steel Ruling Reuters
Payback tariffs to hit U.S. imports by end of the year Japan Times
In retaliation, China junks its plan to buy U.S. wheat Seattle Times

Wednesday November 26
Book Review: Expose on the end of an era Asia Times
The speculative bubble was unique in one regard: as assets inflated, they fueled unprecedented borrowing, both among corporations and consumers. These loans were collateralized on the basis of asset inflation, whereas traditionally such loans would have been based on income.
After the New Economy Amazon
U.S. Initial Jobless Claims Fell 11,000 to 351,000 Last Week Bloom
Durables Orders Surprisingly Strong Reuters  Census
Medicare Plunder Ron Paul
The Global Trade Boom -- a Flash in the Pan? Morgan Stanley
Will consumers be in a spending mood? Kellner The Battle plan for 'Black Friday'
The Fed's game of chicken CNN/Money
Fed lays groundwork to end low rate vow, but when? Reuters
Pensions: Still a problem CNN/Money
Even as the market's risen, corporate pension plans have become more underfunded.
Pension Fund Relief Plan Fails to Clear the Senate Ledger (NYT)
Watching dividend yield for signal CBSM
Unsexy IPOs Get the Brushoff TheStreet
Security Trust Co. to shut down USAT
Moody's continues to review Janus credit Rocky Mountain News
Back Office Probed at Citi Mutual Fund Unit TheStreet
American Airlines' Parent May Issue Up to $3B in Additional Stock and Debt AP
Rumsfeld orders probe into Boeing FT
Has the True Gold Bull Begun & the Coming World Currency Crisis Gold-Eagle
Foreign Lenders Bolting? Ackerman
China's electronics makers reject dumping charge FT
Whose Brassieres Is China Stealing Anyway? Bloomberg
Economist warns against Sino-US trade war Chinaview
Industrial profits shoot skyward China Daily
Manufacturing investment slumps at the fastest rate for 20 years Independent
Japan prepared to bail out smaller banks FT
Volkswagen Expects U.S. Sales to Fall `Significantly' Bloomberg
Moody's warns it may trim Philippines ratings FT
Iraqi oil close to pre-war levels BBC
Guerrillas Fire Rockets Into the Heart of Baghdad Reuters

Tuesday November 25
UBS Fires Two After Fund Trading Probe Reuters
Sales of the American Dream Rise in Oct. Reuters
GDP Up 8.2%  Bloom BEA -  Consumer Confidence jumps to 14-Month High CB
U.S. weekly chain stores sales rise in latest week CBSM WMT-TGT
Russell on Gold  G-E Gold at $400 is Dirt Cheap Russell
3Q-2003 Gold Supply & Demand Balance GFMS PDF
Global Gold Hedge Book Analysis  GFMS  PDF
Overview: Gold demand up 5% in third quarter Mining News
Central Bank Not Planning To Increase Gold, Foreign Currency Reserves  Bulletin
Charts & Analysis: Head Fake CIBC PDF
The Bear's Lair: Greenspan's Ponzi Scheme  UPI
The equation of Greenspan to Ponzi does not suggest criminal intent -- just that many features of current U.S. monetary policy strangely resemble Ponzi's empire, and are likely to lead to similar painful results for all of us.
Beginning of the End Chapman
How many debts will it take 'til they know ... ? G&M
Today's tax cuts are political gold; tomorrow's deficits are somebody else's problem.
The Roots of Governments' Budget Crises  Mises
Moody's turns spotlight on US debt levels  FT
The Uncivil War  NY Times (R) (Krugman)
Is the US magic touch an illusion? Independent
"Glass is half empty" economists may scoff and point to a jobless recovery, but they are missing the whole point: the US has done it again...Or has it?
Rx for a budget bomb?  CNN/Money Who needs an energy bill?
Critics say the Medicare prescription drug bill could cause explosive budget deficits.
Editorial: Ticking Time Bomb of Debt LA Times (Free Reg)
The budget-busting Medicare bill offers dubious benefits at outrageous costs
The Bubble of American Supremacy Atlantic (Soros)
Dollar decline raises new concern for US CS Monitor
White hot dollars  FT  Impact of declining US capital inflows  Asia Times
The unfairness of fair trade WT Trade Barriers NCPA
The only proven way to reduce U.S. imports is to push the economy back into recession...
Trade: free, fair and forgotten TownHall (Kemp) 
WTO speeds ruling on steel WT
WTO will rule against US steel tariffs Dec. 1, moving up by more than a week the timeline for other countries to retaliate...
China's TV makers face US import duties FT
TIAA-CREF Needs To Practice What it Preaches NY Post (Crudele)
Entire toy industry facing some painful prospects Business Week
Why your home might sell for less WSJ
So far this month, Putnam assets under management have tumbled $30 billion R
Invesco Admits It Allowed Market-Timing TheStreet
Criminal, civil charges could hit Security Trust USAT
US regulators target Amvescap trades FT
SEC may soon target hedge funds CNBC
Warnings Were Clear, Says Enron Examiner WP
Jury indicts 9 in $33 million stock scheme AP
Who's the biggest scoundrel? CNBC
Sprint to lay off 2,000 AP
Monticello plastics plant to close, costing 250 jobs AP Rubbermaid - 100
New Process Gear lays off 174 workers Post-Standard
School layoff ax falls today, and 'depressing' wait ends Sunspot
Xerox says profit for '04 to fall short Reuters
Boeing chief fired over tanker scandal Independent
CNBC Cuts ‘Business Center’ NYP
NASD proposes rules to end IPO abuses Bloomberg
CME begins CBOT link as Eurex looms FT
Study: NYSE Reform Falls Short Newsday
Is China's economy the next big bubble? Canadian Business
The Party Pauses Morgan Stanley (Xie)
The global economy is the middle of another bubble economy after the IT bubble of the late 1990s.  Fed monetary policy is the cause
China's software sales hit 11.2 bln yuan in Q3, up 20.2% People’s Daily
Export orders for Taiwan products reach all-time high in October TT
Germany, France Win Extra Time to Cut Budget Deficits Bloomberg
Illusion of grandeur Guardian
The dollar's weakness is buoying up the euro, but that's not necessarily good news for the eurozone economies.
Britain threatens veto on EU Telegraph
German Business Confidence Climbs to 33-Month High Bloomberg
Munich Re Sees First Annual Loss in Almost a Century Bloomberg
Unemployment rate in Australia twice the official figure WSWS
ASIC turns up heat on 17 companies The Age
Housing bubble imbalance could threaten economic growth: TD FStandard
Indian Bond Investors Need Bollywood's Faith Bloomberg
FIIs May Burst Indian Stock Bubble Financial Express
Brazil's 2014 Bond Rises to High as S&P Eyes Outlook Bloomberg
Atlas CEO resigns over fudging of company books FP

Monday November 24
Derailing the Global Trade Engine Morgan Stanley (Roach)
Beating expectations is the same old con MSN (Fleck)
Tech companies and analysts still are distorting numbers to make a rough period look like a recovery. It's just more of the kind of rot that almost no one, including the SEC, seems to mind.
Beware the American bull Canadian Business
How to Make the Deficit Look Smaller Than It Is NY Times (R)
In the past three years, President Bush and Congress have viewed the Social Security surplus more as a cookie jar than a lockbox.
In the long run we are all broke Economist
Does Greenspan Deserve Another Term? Mises
Fund Reformers Could Put Greenspan Out of a Job Bloomberg
Bearish Merrill strategist under fire Reuters  A Bear-Fund Fairy Tale TheStreet
When in doubt, blow a bigger bubble while bombing Scoop
Dr Doom sees Asia's star rising Swiss Info
Swiss financial guru Marc Faber predicts that a collapse in consumer spending could push the United States into recession within two years.
Dollar Poised to Drop for Third Week Versus Euro Bloomberg
Did money emerged from government decrees? BrookesNews
Freddie Mac Offers Little But More Stalling WP
While Freddie Mac officials proclaim that they are being "extremely transparent and candid" about their business, they have been lobbying behind the scenes to keep Congress from passing legislation that would make those words mean something.
US market timing abuses seen as systemic FT
Pentagon bankers may bail out Black Observer
Slowdown casts doubt on biotech offerings Boston Globe
Amazon yanks Delight-O-Meter Seattle Times
Baby boomers inherit little AP
Gold's 'slow rush' at $400 CBSM
Even Peter Munk believes gold has a bright future FP
Should Middle East investors be going for gold? AME
Gold Reserves in Favor Moscow Times
Alcoa, Inco, Gold Shares Seen Gaining as U.S. Inflation Rises Bloomberg
Is the Bank telling us interest rates have very little effect on inflation? Inde
China gears up to take on Western manufacturers Swiss Info
Mexicans fear China’s trading clout AP
In India, China: the makings of tech juggernauts Toronto Star
China spins out its own video disc format AP
UK 'faces financial jobs loss' Times Online
Euro entry nightmare could drag on until 2014 Times Online
Thaksin warns stock speculators to stop Straits Times
Creditors agree to $1.7bn bail-out for LG Card FT

Protectionism will harm growth: Trichet BizWorld
EU takeover directive threatens new trade rift FT
China Increases Tax on U.S., Japan Chemical Imports Bloomberg
China-US trade spat further frayed People’s Daily
China says it will not dump US Treasuries to retaliate PD
Analysts: Trade move is "poll ploy" China Daily

Weekend Edition (Nov 22-23)
Torn Fabric Morgan Stanley (Roach)
Prediction: The future of the USA stock market UCLA (Sornette)
Eerie Nikkei-SPX Parallels Zeal
It's Here Prudent Bear (Noland)
Bras, Steel and Bush Mauldin
Fed up with protectionism Economist
Freddie Postpones Quarterly, 2003 Earnings Reports WP
Results Now Due in Middle of Next Year
Freddie Mac: How We Hid $5 Billion Reuters
Energy Costs Pose Threat to Stock Rally Reuters
Barrick to abandon hedging: Munk Globe & Mail
NYSE Short Interest Declines NYS

Friday November 21
Why a Major Bottom is Still Ahead Comstock
The Dollar Isn't a Calamity, Yet Business Week
Fed's Greenspan sees no dollar plunge but ... CNN/Money
"Nothing Has Changed on Wall Street!" Financial Sense
The SEC, who is charged with serving the public’s interest and is funded through tax dollars, could effectively end this useless and deceptive stock jobbing with practically the stroke of a pen.
The SEC makes dishonesty pay MSN (Jubak)
Spitzer Sees Fund 'Death Penalty' WP
"It's fair to presume there will be criminal cases brought against firms. That may mean the death penalty for them. In my view that's the only option we are now left with."   House bill may not address abuses JSO (NYT)
Freddie To Say It Inflated '01 Profit WP
Until Now, Firm Had Reported Only That It Understated Earnings
House Passes Bill Easing Airline Pension Rules WP
The legislative relief, which critics call a backdoor bailout, could ultimately come back to bite taxpayers.
Whale Oil Crisis - How Did We Survive It Without Congressional Intervention? NT
Economist says the middle class is on the losing end HC (Krugman)
Blodget is Back -- Slate Commentary Blodget
'Slate' hires Blodget to cover Martha Stewart trial USAT
“Blodget's background gave him a unique perspective on the Stewart scandal.”
Conrad Black says he's innocent of any wrongdoing Reuters
SEC Investigating Biovail TheStreet
Mutual Fund Firm, Founders Accused of Fraud WP
Nortel: A billion here, a billion there... G&M (Ingram)
Intel CEO: Corporate Buying Rebounds Reuters  IT Budgets and ROI CFO
More layoffs possible for AT&T Wireless; some jobs go to India Seattle Times
Go for the Gold Forbes
Bush's Wobbly Line on Trade BWeek  High-Tech Protectionism AEI (Dec)
FASB Outline for Nov 26 Meeting -- Pensions & stock options FASB
Bullish Sentiment Unchanged in latest week VTO (II)
China denies cancellation of purchase delegation to US People’s Daily
Trip has been"postponed" due to technical reasons
China considers counter measures to US steel tariffs PD
A Few Cadillacs to China Won't Resolve Trade Fight Bloomberg
China Life files for IPO on Wall St FT
BOJ expected to keep flooding economy with cash JTimes Trade Surplus Grows
Bank dismisses 'simple-minded' fears about house price crash Independent
Treasury warned it must bail out Network Rail Independent
"It is not relevant what the Treasury wishes to pay.”
Sterling at five-year high against dollar Scotsman
Lenders ready first Mexcan mortgage-backed debt FT
Thai premier overrules SEC on trading rules FT
Thaksin has repeatedly expressed his displeasure with new rules intended to cool what some view as an unhealthy speculative bubble building in the stock market.
Free-Trade Bloc Framework OK'd in Miami AP Police, Protestors Clash
Iraq tenders to favour US allies BBC 
Explosions Shake Iraq's Oil Ministry AP 2 explosions hit Baghdad hotel Reuters

Australian treasurer warns on trade protectionism Stuff
Free trade wallows in political correctness Times Online

Thursday November 20
Foreigners shunning US securities FT
Smallest net inflow of foreign investment since September 1998, when investment was overshadowed by the LTCM hedge fund crisis.
Factory activity cools slightly in Philly CBS  Philly Fed
U.S. Leading Economic Index Increases in October Conference Board
Chaos and panic in Istanbul CNN
Dollar Falls Against Euro, Yen, Pound After Blasts in Turkey Bloomberg  XU100
Government Bonds Surge, Stocks Decline on Turkish Explosions Bloomberg
U.S. Initial Jobless Claims Fell to 355,000 Last Week Bloomberg  DOL
“In 51 of the past 52 weeks, the labor department has revised the previous week's number upward, making the picture less rosy than it originally appeared.” NYP
The capacity to grow -- or not Calandra
The Dow has never been in a true bear market. True or False? Gold-Eagle
Special: Approaching Dow 10,000 MSN  Why bears see a 5,000 Dow
SEC Eyes Fund Commissions NY Post (Crudele)
Alan Greenspan went out of his way recently to say that the Federal Reserve wasn't close to raising interest rates... Irrelevant.
A stagflation forecast CNN/Money
Is the Treasury market forecasting a return of the 1970's malaise?
Is the dollar a looming crisis? CBSM (Erdman)
Commentary: China, Japan are locked in by U.S. debt
Euro vs Dollar "Q & A" Safe Haven
Dollar gets attention - not all good CBSM
Anyone Think Inflation Is (Gasp) Understated? Bloomberg (Baum)
FBI sting uncovers '20 years of forex fraud' on Wall St Times Online
Sources at the SEC told The Times that a full-scale investigation into all foreign exchange operations -- which handle some $1.2 trillion (£700 billion) worth of trades a day -- could not be ruled out.
Dollar shrugs off forex sting -- for now Reuters
Freddie Reportedly Overstated 2001 Earnings by $1 Billion TheStreet
FTC claims AmeriDebt misled customers about services, fees AP
GE predicts little growth in earnings FT
Carly's bullish, but... CNN/Money
Still not seeing signs of corporate pickup.
Johnson & Johnson plans reorganization, job cuts AP
Springs Industries' Layoff Announcement - Komo AP
Baltimore Schools To Send Out Layoff Notices CBAL
SEC Putting Positive Spin NewsDay
"You don't need sophistication, you need a sledge hammer”  Richard Shelby
Robert Rubin On Surviving The 1990s Forbes
Paul Krugman and the controversial art of popularising economics Economist
Remarks by Chairman Alan Greenspan FED
“Some clouds of emerging protectionism have become increasingly visible on today's horizon. Over the years, protected interests have often endeavored to stop in its tracks the process of unsettling economic change. Pitted against the powerful forces of market competition, virtually all such efforts have failed...”
Poole criticizes trade restrictions Reuters
Bush Gets Double `D' in Handling China Bra Flap Bloomberg
China Fumes Over 'Cheap' U.S. Textile Move Reuters
US Wants Free Trade Despite China Quotas Reuters
China to Raise Tariffs on U.S. Goods Reuters
Sagging Textile Town Unappeased by New Quotas WP
In August, dozens of textile executives gathered in Spartanburg, S.C., and threatened to withdraw their support for Bush's reelection if he did not act to stem the flood of cheap Chinese apparel.
Beijing summons US ambassador to express "shock" at textile quotas AFP
The humble bra poses a threat to world economy Independent
No country that increases its imports by 40 per cent can be accused of failing to spread demand to its neighbours...
In bad times, trade gets political Guardian
If the US does not compromise, it may kick off a trade cold war
Bad idea gets worse Arizona Republic
Steel tariffs raise prices, anger friends
Too Much, Too Soon? Time
China is making more cars, TVs and washing machines than it can consume. Eventually, this glut could swamp the world
Treasury warns on global recovery Financial Standard
Japanese October Trade Surplus Unexpectedly Widens Bloomberg
Bank of England in no hurry to raise borrowing costs again Guardian
First steel, now it's bra wars Times Online
Portugal joins deficit bad boys EUpolitix
Brazil Cuts Benchmark Rate to Two-Year Low of 17.5% Bloomberg
NAFTA little benefit to Mexico Reuters  CEIP
Venezuela's Central Bank Begins Internal Probe Over Fake Bonds Bloomberg

IMF warns US on trade steps against China People’s Daily

Wednesday November 19
US to Set Quotas on China Textile Imports R  DofC
Made in China CNN/Money
The United State's pressure on Chinese trade could hurt more than it helps.
China Cotton Group Urges Retaliation Vs. U.S. Quotas Reuters
"This will reduce our exports. There's no doubt that the government will react"
China 'Firmly Opposes' U.S. Quota Move Reuters
Dollar bears sharpen claws amid China trade tussle Reuters  Bloomberg
Dollar falls to new low in trading with euro IHT
Citibank Closes All Long Dollar Positions as Unit Plunges Dow Jones
Commerce Deptart’s Actions Will Provide Uplift to Rising Apparel Prices NT
The Bush administration seems intent on inducing stagflation.
Who’s Following A Strong-Dollar Policy? Northern Trust
Why Gold's Gleam Isn't Likely to Dim Business Week
The USAA Precious Metals & Minerals Fund's Mark Johnson
Bank of China starts gold trading Shanghai Daily
Individual investors traded some 1,869 grams of gold bullion for the first time yesterday on the Chinese mainland since the establishment of the People's Republic of China in 1949...
Lex: China NPLs FT
China renews Taiwan threat of war CNN
----------------------------------------------------------------------------------------------------------------
AT&T to axe more than 10 percent of its 30,000 workers Reuters
U.S. October Housing Starts Rise to 1.960 Million Annual Rate Bloomberg  PDF
Jobless Data Skewed NY Post
The U.S. Labor Department, at the urging of Federal Reserve Chairman Alan Greenspan, is working to fix a statistical quirk that causes the government to routinely underestimate the number of newly unemployed Americans each week...
Capacity Utilization NCPA (Bartlett)
Where has all the money gone? CBSM (Kellner)
Commentary: Trends suggest possible U.S. liquidity trap
Mortgage demand rises as rates drop Reuters
‘Blah-Blah-Blah' Currency Policies Must End Bloomberg
Bush's Budget Betrayal Mises
Size of Proposed Tax Breaks in Energy Bill Startles Experts NYT (R)
Van Eck Subpoenaed Amid Concerns Over Canary Link TheStreet
Freddie Mac Hires Spin Doctor Ahead of Restatement TheStreet
FBI Sting Nets 48 Arrests on Wall Street Reuters  AP Coverage
Charges against Martha stand WP
KPMG Official Faces Skeptical Senators at Tax Shelter Hearing WP
High-Tech Jobs Dwindle by 12 Percent AP AEA
2 rating agencies deal blow to Cigna AP
GE Plans Large Insurance IPO for 2004 Reuters
Restatement Rerun: Picture Is No Clearer CFO
Compromise offered for expensing options Mecury News
Reality Black-Out NYP  Conrad’s Books Don’t Balance... NYP
NYSE Seat Sale NYSE
Nikkei Ends at 3-Month Low, Techs Sold Reuters
Japan intervention talk lifts dollar CBSM
Asian Stocks Take Beating AP
IMF: Chinese currency not 'substantially undervalued' P-Daily
Auto industry to drive platinum prices FT
Bank voted 8-1 for rise in rates BBC
Brown tries to calm trade war fears Guardian
Crunch looms after EU's colossal mismanagement Times Online
Panel to urge taxation on rich elderly Japan Times
LG Group shares fall after raid Reuters
China hit by cotton shortage Bangkok Post

Tuesday November 18
Gold Futures Rise Above $400 for 1st Time in 7 Years B
CPI Unchanged Core up 0.2% BLS  HD Posts Record Quarter TheStreet
Bank of China Opens Gold Trade to Individuals Asia Pulse
Markets steel for next metals rally Calandra  Insanity is Prevalent
Commentary: Pause in 'melt-up' seen as entry point
Gold: Resurrection of a Mystical Asset AFP
Weak greenback sees gold nudging $US400 SMH
Matthey Interim Report on Platinnum PDF
Dollar Drops Versus Euro on Speculation About Terror Attacks
Report: Freddie Mac probe widens to Wall St. firms Reuters
When Pleasure Is About Avoiding Pain Pimco (McCulley)
No One Can Save Wall Street's Lower Class Bloomberg (Lewis)
Once more Donaldson's biased leadership shines through... CBS
Putnam's behavior was clearly unethical and criminal, and yet, Donaldson didn't even extract an admission of guilt.
Time to fire Donaldson, hire Spitzer at SEC MSN (Jubak)
SEC chief defends Putnam settlement Reuters
Funds & Games NY Times (R) (Krugman)
CEO of Janus International Steps Down TheStreet
Morgan Stanley to pay fine as fund scandal simmers Reuters
Without admitting or denying the charges, Morgan Stanley agreed to provide more disclosure about its relationships with mutual fund groups, the SEC said
Calpers Pulls Funds from Putnam Reuters  More Action Morgenson (R)
Investors Keep Pulling Money From Putnam WP
US govt posts $69.55 bln shortfall in October Reuters
Foreign central banks remain keen on Treasuries FT
The Treasury sold $57bn of debt last week, of which about $20bn was bought by central banks.
The Commons and the Tragedy of Banking Mises
Incomes are Falling Sennholz
Roller-Coaster.com NY Post (Byron)
Three home loan banks face S&P rating cut FT
About 21,600 Accept Buyout From Verizon AP
IMF ready to abandon unused panic credit facility FT
Congress Grovels for the WTO Ron Paul
Larry Tisch, Family Man NYP (Crudele)
Conrad Black finally meets his Waterloo G&M (Ingram)
If you listen closely, you can hear the sound of Lord Black's empire crumbling.
Black braced for US inquiry Guardian
British warn U.S. on steel tariffs Reuters
Snow hints at US climbdown over steel tariffs Independent
How China's consumer revolution is changing the world Independent
The world has never seen economic growth on this scale before...But with booms come busts.
China Yangtze Power shares soar in debut FT
A ripple of fear in Asia wipes off $5.6bn Advertiser
Extra pension cover could cost Treasury £2bn a year Guardian
Bankrupt Scots total heading to new record Scotsman
Swiss Unemployment climbs to five-year high Swiss Info
Ascom cuts jobs and issues stock Swiss Info
Central Bank Holds Rigid Ruble Policy Moscow Times
Banks cautioned on interest rate risks Sify (India)
Pipeline explosion closes Iraqi oil refinery ABC

Monday November 17
They Called It ‘Rubinomics’ Newsweek
Robert Rubin says nothing in life is certain. But in his new book, the ex-treasury chief is sure about one thing: Bush’s economic policies are badly misguided. An excerpt:
New!: In an Uncertain World: Tough Choices from Wall Street to Washington Amazon ~ R. Rubin
Empire State index jumps CNN/Money  PDF File
Inventories rise 1st time in 6 months CBSM
Regulation Begins at Home NY Times (R) Eliot Spitzer
“My office will not be party to settlements that fail to protect the interests of investors and let the industry off with little more than a slap on the wrist...”
Morgan Stanley Is Said to Be Ready to Settle With S.E.C. NY Times (R)
Actions By Bear Stearns, Schwab Broaden Scandal Dow Jones
Recipe for Trouble Hussman
Macro Passion Morgan Stanley (Roach)
Perhaps the most surprising commentary came from one of the perma-bulls...His optimism is now gone.
The Inflation Conundrum at Lyford Cay MS (Berner)
All roads now lead to inflation MSN (Fleck)
What’s Up - Or Down, As The Case Is - With Money? Northern Trust
In the history of M2 data, which goes back to 1959, there has never been a two-month contraction in this monetary aggregate of the magnitude that has just occurred.
Thoughts on Marx, Keynes and the US recession BrookesNews
Asians Aren't Dumping U.S. Treasuries -- Yet Bloomberg (Pesek)
All of a sudden, after months of beating up on Asian governments for their currency policies, John Snow, the U.S. Treasury secretary, has gone eerily silent on the subject.
Freddie, Fannie Escape Action on Hill -- for Now WP
Investors ditch Fannie and Freddie shares FT
Wal-Mart’s Warning Tells Us U.S. Consumer is Tapped Out NYP (Kennan)
Toys R Us Misses, Cuts Outlook, and announces Store Closures BW
AmEx to Raise $1.8 Billion in Debt Offer Reuters
Senate Panel Finds Abuses in Tax Shelter Sales