Weekend Edition (Oct 30-31)
PART 1:  Follies of fiddling with the yuan Asia Times
Premise #3: A Falling Dollar Mauldin
Easy Liquidity PBear (Noland)
Valuation Wave Reversion 4 Zeal
Trading Places Financial Sense
Reserve Accumulation: Implications for Global Capital Flows and Financial Markets NYF
The large share of dollar assets among reserve holdings has made foreign central banks important players in U.S. financial markets
The dismal failure of central bank monetary policy Asia Times
GDP growth fueled by consumer debt, defense spending EPI
Analysts Fear Tight Oil Supplies for Years AP
Further Confirmation the Price of the Average American Home has Peaked FS
Are we experiencing a 'bubble' in housing? KR
The Week Ahead: After November 2nd CIBC PDF
Could October's Poor Return Affect the Election? Schaeffers
Politics, Presidents, and Jobs FallSt (EW)
Dow Points To Kerry? CNN
Study says if the Dow drops more than 0.5% in the month before the election, incumbents lose.
Bin Laden: Al Qaeda motivated to strike U.S. again CNN
Wal-Mart Says October U.S. Sales Rise 2.8 Percent, Within Its Projection BL
Black to step down as chief of Hollinger Inc. BL
Buffett targets California workers' comp market CBSM
Fundamentals good for gold price - AngloGold Mineweb
Cheney oil firm faces UK inquiry Guardian
Mortgage approval fall points to rate standstill Times Online
The dollar and the yuan 1 Asia Times
China's Interest Rate Move Will Shake Yuan Peg BL
The China question: Catch up or surpass? IHT
Central bank chief gives yen a boost Bloomberg

'29 set precedent for pessimism AP

Friday October 29
Black Tuesday remembered MSNBC
Wisdom Gained From Great Crash Of 1929 Still Rings True IBD
Deflation's Silent Scream Forbes
Chicago Purchasing Index Unexpectedly Jumps BL
Mich Oct. consumer sentiment revised to 91.7 vs 87.5 CBSM
U.S. Third-Quarter Gross Domestic Product Grew at 3.7% Rate BL BEA
Oil Prices Ease Further Amid China Moves AP
Still No End to the Soft Patch Comstock
The wolf at the door Economist
A further steep decline in the dollar seems inevitable
NY Fed-Slower cenbank buying would hit dlr, rates Reuters
Greenspan: Playing the Fool Or the Scoundrel? WP
Greenspan, not a sturdy, floppy-eared workmate 321
More Americans deeper in debt WP
Fannie Mae fallout could be huge Seattle PI
Troubling trends on Wall Street KC Star
U.S. Companies Less Upbeat in Third Quarter, NABE Survey Says Bloomberg
$200 Oil? It Could Be Asia's Gift to World Bloomberg
Welcome to the risk economy MSN (Jubak)
Outsourcing going on awfully close to home HC
Rising Stocks, Impotent Uncertainty? Elliott Wave
CNNfn will shut down after 9 years AP
Computer Companies -- An Illusion of Heady Growth Bloomberg
GM and Ford face 'junk' status FT
GM to Idle 5 Plans, 10,300 Workers AP
Uncertainty still reigns at Delta AP
Fuel prices reach skies Newsday
Bristol-Myers Squibb Net Slumps TheStreet
FBI probing Halliburton AP
Spitzer says Marsh could face penalty 'far higher' than $500m AP
15 Ex-Brokers Accused of Misleading Action AP
Professor dissects dot-com failures
Hedge Funds Are Scapegoats for Waning Volatility Bloomberg
By the numbers: Gold's link to dollar CBSM
Nov. 2 Looms Large for Dividend Stocks TheStreet
Is Electoral Uncertainty Adding To The Dollar’s Woes? PBear (Auerback)
The Coming World Crisis in Water and What We Can Do About It Financial S
China's Surprise - ‘Marriage of Convenience’ Enters Rocky Phase NT PDF
Interest rate rise by China has West confused Times Online
When Will China Revalue the Yuan? North
Asian currencies rise on renminbi reval talk FT
China interest rate rise sparks metals concerns FT
China rate hike won't hit metals: Analysts MC
UK lending growth slows dramatically in Sept AFX
New mortgages hit four-year low BBC
Fears growing for big drops in house prices Guardian
Inflation Rate in Europe Climbed to 2.5 Percent in October on Oil Surge BL
Retail sales chalk up second straight month of decline Japan Times
Fear of new Shell reserves downgrade Times Online
NEC cuts its forecast for 2004 Bloomberg

Wall Street Crash: 75 years on BBC Timeline
The Day The '20s Died Forbes
Black Tuesday Remembered Forbes
Lessons from 1929 CNN
Could 1929 happen again? AP
The stock market crash that also hit Switzerland Swiss Info

Thursday October 28
China Raises Interest Rates for First Time in Nine Years to Curb Inflation BL
U.S. Material Stocks Fall After China's Rate Rise BL
Dollar gains, falls as China hike mulled CBSM
U.S. initial jobless claims rise 20,000 CBSM
Tipping Over Pimco (Gross)
'Certifiable lunatic' runs market today Farrell
Yet millions let this fruitcake manage their portfolios!
Jim Rogers' Home Truths Business Week
The New Deal Hook Moneyization, Part Two Schmidt
Semper Paratus Financial Sense
GDP Report is the Last Big Stat Before The Election NYP (Crudele)
View from Silicon Valley - Building inventory and building fabs FallSt
Opponents draw battle lines at Fed China Daily
A Producers Perspective on the Oil Industry Al-Husseini Speech PDFSlides
Oil price history points to recession ahead Reuters
OPEC to U.S. - Use Emergency Oil Reserves Reuters
What’s really behind surging gas prices MSN
Fuel may be last nail in airline coffin PTR
Snazzier houses bring energy crisis home to middle class CS Monitor
Rising Stocks, Impotent Uncertainty? Elliott Wave
Buffett to buy Lloyd's underwriter for a pound Telegraph
U.S. investors lower view of funds after scandal Reuters
Weathering Earnings on the Dow Schaeffers
Options Would Have Sunk eBay Profit 43% TheStreet
LSI Logic Cuts Jobs, Misses Estimates TheStreet
Ask Jeeves Sags on Shortfall TheStreet  Biogen Earnings Fall
JDS Warns of Sales Slowdown TheStreet
Mixed fortunes for consumer goods giants FT
Nortel's Numbers: Soon, Maybe Business Week
KPMG's Work Delays EDS Filing CFO
Kroll executives held in Brasil Telecom probe FT
A Schaeffer's Gold Follow-Up: VXO Lows Schaeffers
Cracking the Insurance Biz Wide Open Business Week
Anthem Subpoenaed in Insurance Probe CFO
Investors going for gold as a safe bet TheStandard
The Role of Gold in a South African Investment Portfolio WGC  PDF
Japan output takes unexpected dip Reuters
Mortgage approvals slump by 30% as repossessions rise Guardian
Many experts think prices could tumble by 20%-30% over the next year or two to bring them back into line with their long-run average
Swiss pension funds have right to cut payment Bloomberg
The state's pension response is barking Times Online
After the credit splurge, a savings surge Guardian
Will Cuba's dollar ban backfire? IHT
Weak dollar and slow U.S. sales hurt Honda NYT
Probe body formed to dig into alleged scam by bank Daily Star
Seibu stock scandal deepens by decades Japan Times
Update on an old warning: Beware the coming shortages CSM
Book: Limits to Growth: The 30-Year Update Amazon

Wednesday October 27
Crude Oil Tumbles From Record on Larger-Than-Expected Gain in Stockpiles BL
U.S. stocks surge as crude slides below $53 CBSM
Durables Orders Rise 0.2% as Business Investment Increases BL Census
Mortgage Applications Fall Last Week Reuters
The Cause and Perils of Inflation Mackinac
Is America Losing Its Edge? Froeign Affairs
For 50 years, the United States has maintained its economic edge by being better and faster than any other country at inventing and exploiting new technologies. Today, however, its dominance is starting to slip, as Asian countries pour resources into R&D and challenge America's traditional role in the global economy.
Forget deficits -- think government grab Brimelow
We have it on the word of Vice President Cheney that federal budget deficits don't matter -- Reagan proved that. Cheney'd better be right.
The parable of the cats Economist
Why greenback looks decidedly shaky now Business Times
Dollar calm in eye of storm AFP
Oil Holds Above $55, Braced for Winter Reuters
In oil's wake ... recession? Reuters
Oil thirst 'makes Middle East crucial' TO World Energy Outlook
China’s energy gap TO Oil prices to cool off EU growth IHT
Green Energy Gets More Attention AP Book: The Oil Factor Am
Asian goods are backing up in U.S. ports NYT 
Port of Long Beach Statistics POLB World’s largest container crane PD
Small businesses increase inventories, but hiring lags BJ NFIB
No Worry of the Housing Bubble - Shall We Trust Greenspan OPJ
No Need to "Imagine" How Bad the Greenback Looks Elliott Wave
Five years later, Class of 1999 still recovering from dashed dreams AP
Divided SEC Votes to Subject Hedge Funds to Oversight Bloomberg
The new SEC rule, which won't take effect until 2006, requires managers that run hedge funds with at least 15 U.S. clients and $30 million in assets to register as an investment adviser with the SEC
Senate Stock Trading PB (WSJ)
The researchers say senators' uncanny ability to know when to buy or sell their shares seems to stem from having access to information that other investors wouldn't have.
The Cozy Ties Of Marsh May Be Hard To Untangle NYT (Morgenson)
Insurance for Suckers Slate
ATA Files for Bankruptcy Protection AP
EDS offers 9,200 early retirement Reuters
Shopping.com’ s shares soar 60% in market debut AP
Unlike that giddy era, investors are demanding profits from Internet companies, as well as robust revenue growth...Shopping.com lost $6.6 million through the first half of this year
Google Investors Revel in Stock's Success AP
When eBay deal gets ugly, who pays? CNN
Asia gold eases slightly, Japan seeks bullion Reuters
Japanese investors have been visiting major bullion houses in Tokyo in the past few days to buy gold "to preserve the value of the assets rather than for short-term speculation"
No delay in launch of NYSE gold-backed ETF-Thain Reuters
America's Addiction to Asian Credit Texas HR
Bubbles in China's real estate sector remains People’s Daily
An Extended Vacation for the Bank of Japan Bloomberg
Manufacturing confidence plunges Times Online
Risk norms for home, consumer loan to avoid asset bubble: RBI Business India
Is the ongoing boom in real estate a bubble? Financial Express
Canada's Dodge Says Interest Rates Will Rise Again Bloomberg
China slashes US decision to put quota on socks People’s Daily
Ruble Keeps on Climbing Moscow Times
A rare glimpse into the world of 'white diamonds' CS Monitor

Tuesday October 26
Consumer Confidence Declines as October Index Falls to 92.8 From 96.7 B
Inflation-Induced Valuation Errors in the Stock Market SF Fed PDF
Stocks' '90s excesses not worked off yet Brimelow P
Pulling Together Three Bearish Stock Themes Gillespie
Government Debt- The Greatest Threat to National Security Paul
World waits for post-election deal on US deficit NZHerald
The next US president will inherit the nation's biggest overdraft on record and may have little choice but to marshal support from the world's top economic powers to avoid a destabilising payments crisis.
$ at 8-Month Low Versus Euro BL $ fall lands hard in Europe IHT
Dangers of a diving dollar This is London
105 Seen To Be The Pain Threshold for the Japanese Daily FX
Cuba Moves to Stop Trade in U.S. Dollars Reuters
A$ at Highest in Six Months Bloomberg  Loonie Surges CP
Daily Forex Commentary Asia Times
Concern over the potential for US asset revulsion is building.
Gold is at its shiniest in 16 years NS
Gold To Keep Rising Regardless Of Who Takes White House DJ
Next best thing to real gold on offer at JSE Business Day
On Monday, however, SA will become the third country after the UK and Australia to see the launch of the latest way to invest in gold...
Gold is back in favour among Indian consumers BIndia
Fed Will Raise Rates in December, Goldman Sachs and JPMorgan Say BL
Fed chair: Don't worry, be happy Telegraph
Calling a Technical Schaeffers
Instant Replay, From Five Years Ago? Elliott Wave
The 'sad story' of the current employment picture EPI
Big mortgage can bite buyer KR
Debt could exceed later sale price
Previously owned homes not staying long in market AP
Home prices decline for 1st time since '93 Detroit News
“...And if prices don’t rebound, many who viewed their homes as can’t-lose investments that could lead to a more expensive home and fill their retirement kitty may have to reevaluate�
Report: California foreclosures poised for 2005 increase East Bay BT
Venture capital slows in third quarter CBSM
Spitzer mentor takes over at Marsh Times Online
California launches Sallie Mae investigation FT
SEC Probing Pension Consultants CFO
Ovitz “given incentives to fail� FT
GM's 'Wild West' Cut NYT
Is General Motors jilting Germany for Poland because of the war in Iraq?
Citigroup to pay $250,000 to close hedge funds case AP
Galvin accuses Franklin Templeton of failing to admit wrongdoing AP
Flextronics Guidance Leaves Traders Cold TS
United to outsource 650 jobs RockyMN
Shares in nut firm crushed CBSM Wild Oats drops 18% R
Has Cisco lost its luster? CNN  Google market value eclipses Yahoo FT
A debt to the past Times Union
Echoes of The Crash Times Union  Crash 101 Sara
3 Women Recall Historical Struggles Utica The Crash of 29 PBS
By November GE had fallen from 396 to 168, the Radio Corporation of America from 101 to 28 and American Telephone and Telegraph from 304 to 197.  Hundreds of area residents rushed to sell their stocks. Brokers were in a panic.
China: $1.1T in trade volume this year, with a US$10B surplus People’s Daily
China enters peak period of trade disputes People’s Daily
Concerns over more expensive housing People’s Daily
Hurdles to monetary union cited Standard
Citigroup publicly apologises to Japan FT
Citigroup CEO says trust bank to be shut down Japan Times
Disasters come at a bad time for Japan economy: analysts AFP
BOJ sees deflationary pressure easing in FY05 Asahi
Outlook for prices 'very uncertain' Guardian
Indian Central Bank Raises Key Rate to Curb Prices BL
Pension Bill 'leaves investors at risk' Times Online
Increasing number of staff leave regulator Times Online
Russia's relapse Washington Times
As Winston Churchill once said: "I cannot forecast to you the action of Russia," he declared. "It is a riddle wrapped in a mystery inside an enigma."
Monday October 25
Existing-home sales rise 3.1% in September USAT
Dollar drops to 8-month low vs. euro CBSM NY Gold Ends Near $430
Bush or Kerry, dollar's likely direction is down CBSM
Central Bank begins supporting dollar RosBus
The spooky week ahead CNN/Money
Dollar May Fall as Survey Shows Traders Increasingly Bearish on Currency BL
The greenback could be on the edge of a cliff FT
Greenback may dive 20-30% in two years BT
Get Used to the “I” Word Again Forex
Asia gold at 6-month high, nearly hits $430/oz Reuters
Crude Trades Near Record on Concern Chinese Demand is Straining Supply BL
Norwegian oil production faces total paralysis after lock-out threat AFP
Oil: The ‘Bush Premium” CATO
Survey: Gasoline tops $2 a gallon Reuters
Can The U.S. Stock Market Crash Again? Forbes
Economic Confidence Among Affluent Sees First Major Decline... PRN
The overall score for the October McDonald Financial Group Affluent Consumer Confidence Index was 48 out of 100 -- a 13-point decrease since July
Cracked Facade Morgan Stanley (Roach)
Americans living on borrowed time Guardian
Listen to the Markets AEI (Makin)  PDF
The unusual landscape in global markets and the global economy is a broad manifestation of excess capacity in the traded-goods sector. It represents a classic post-investment bubble scenario.
Law of Large Numbers Hussman
Inflation or Deflation? Cross Currents
Is the Commodity Price Bubble Finally Bursting? Bloomberg
Insurance mess may ignite bigger problems MSN (Fleck)  Marsh chief on brink
The insurance scandal is another strong signal that our financial system is vulnerable to serious disruptions. The next 18 months could be dangerous ones.
Hedge funds - weapons of financial destruction Times Online
SEC prepares to vote on hedge fund registration FT
Warnings of Google bubble NYT
The cheerleading for Google from the analysts at leading brokerage firms is starting to sound a lot like the days of the dotcom bubble...
GOOG: Cramer Asks “Why not $500?” TheStreet
SEC Pounces on Ford and GM, the 800-Pound Gorillas Bloomberg
Army Faces Probe on No-Bid Deals With KBR AP
Halliburton may keep disputed money Reuters
Closer scrutiny ahead for U.S. papers NYT
Phantom Financials NYP (Byron)
The notion that the investing public is well served by Reg D is preposterous.  A new multi-billion- dollar penny stock ploy is spreading through Wall Street, and the SEC seems for the most part to be sleeping right through it.
The 2004 Nobel prize in economics: getting it wrong Brookesnews
How Human Behavior Drives Investment Activity Wharton
China's Coming Financial Crisis Business Week
And thanks to its quasi-socialist goverment, the budding superpower is ill-equipped to handle this almost inevitable bust
Lies, damn lies and Chinese statistics Asia Times
Tokyo Stocks Plunge in Morning Trading AP
A Chinese Pebble Beach or Universal Studios? Bloomberg
US brand giants suffer a sales slump in 'old Europe' FT
As night follows day, causality is a problem Independent (King)
The strength of retail sales seem to be more a consequence of falling prices than a cause of higher prices
Ruble Tops 29 to the Dollar for First Time in 4 Months Moscow Times
Not in bull's roar of 20s, bear in mind Australian
Israeli dot.coms - recovering and flourishing Haaretz
Textile companies face new obstacles China Daily
New bank notes could draw underground cash into the light Japan Times
Once-mighty Seibu group crumbles Japan Today
Couple face £384,000 debt over £5,750 loan Times Online

Weekend Edition (Oct 23-24)
Fed's Bies Criticizes Lawmakers' Lack of Spending Discipline Bloomberg
The Bottom Right Hand Corner Mauldin
The Dollar, Financial “Profits” and Reflation PBear (Noland)
Trading HUI Volume Zeal
Two Fed Officials Hint At A Policy Pause NT PDF
Google options soar, investors bet on stock swings Reuters
American Airlines to Lay Off Up to 1,100 Reuters
Report: Delta could file bankruptcy soon Reuters
Gold: China Inc. Ing
Hooters Opens First Restaurant in China AP
Wal-Mart traffic back above '03 level CBSM
Central Bank stops supporting dollar NewsfromRussia

Friday October 22
Blue chips end at year low CBSM
Crude closes above $55 for first time ever Natural gas up 21% for the week
Bush Signs $136B Corporate Tax Cut Bill Reuters
Oil bubbles near $55 Reuters
Is it time for dollar to fall in Asia? Norris
$ Heads for Worst Week in 5 Months on Growth Concern
Fed's Yellen-Fed may need to modify rate plans Reuters
Yellen said the U.S. dollar has remained "relatively high despite our large and growing trade deficit."
Japan to take action if currencies deviate Reuters
Euro gains on dollar on ministers' remarks AFP
US, Germany swap war differences for $ concerns R
Lehman, Most Accurate Forecaster, Predicts Dollar Will Weaken Bloomberg
“Bond yields are signaling more strongly than at any time this year that there will be a possible break lower in the dollar�
Dollar slide sparks intervention speculation FT
The BoJ on Thursday contacted several major banks to ask who they were buying yen on behalf of - a possible prelude to renewed intervention.
Oil and the Economy: A Slippery Slope ~  Another Kind of Brake CIBC PDFs
Heating oil futures set records AP
Schaeffer on Charts: Commodity Corner Schaeffers
What's the Answer for High Gasoline Prices? Nothing CATO
The Perils of Circular Thinking Morgan Stanley (Roach)
The Coming Fiscal Crisis Comstock
Charts Suggest Something Big is About To Happen FS Meltdown Dead Ahead?
Prediction: The future of the USA stock market Sornette
October Spells U.S. Stock Crashes -- and Rebounds Bloomberg
Slowdown Signals Accelerate ~ The Baton Remains Unclaimed TheStreet
A Time-Honored Privilege Falls to Black Magic Elliott Wave
Microsoft's Beat Loses Luster TheStreet  KO
Amazon Flunks the Growth Test TS
Google doubles sales and profit CBSM Prudential: Google Target $200
Yahoo CEO Semel sells 900,000 shares CBSM
Sears Trims Holiday View TheStreet
Black & Decker to lay off 330 workers at Fayetteville plant AP
Freescale will cut 1,000 to streamline AP
Troubled quarter for U.S. drug makers AP/Reuters
Agony for Merck as lawsuits mount and profits fall Times Online
Insurance Scandal: Just how rotten? Economist
Credit protection costs rise on Spitzer worries FT
“It's clear that the insurance business is not the same as it was two weeks ago,� one derivatives trader said.
Record Labels Said to Be Next on Spitzer List for Scrutiny NYT
Boeing Discloses SEC Request, Defends Pension Accounting AP
E&Y Warns of Independence Conflict CFO
Qwest Fraud Became Like `Heroin' Addiction, SEC Says Bloomberg
WorldCom Whistleblower to Be Inducted Into Hall of Fame for CPAs Smart Pros
David-Weill and Wasserstein clash on Lazard IPO FT
Citigroup Says SEC Considering Action Against Former Fund Exec Jones BL
IPOs at the Crossroads CFO
Less Cash in Their Pockets EPI
Trends in Incomes, Wages, Taxes, and Health Spending of Middle-Income Families, 2000-03
US Election Holds Big Sway Over Gold Prices Dow Jones
U.K. Economy Grows 0.4 Percent, Slowest Pace Since First Quarter of 2003 BL
China's Economic Growth Slows to 9.1% as Government Curbs Lending BL
China set to buy up Canada's resources Globe & Mail
BHP 'selling everything' it can make to China IHT (BL)
VW commences China car loans BL
China pours more money overseas PD
Oil and Water, Japan and China Morgan Stanley (Feldman)
Dark clouds are descending over Asia's dynamism Taipei Times
Thaksin's Tiff With the Thai Bank Governor Bloomberg
The idea is to reduce the central bank governor's authority...
Charity warns of debt problem crisis Guardian
'Plumber' escapes jail term Guardian
Barclays faces call for City inquiry over German bank's losses Independent
Singapore Fines GIC Staff For Insider Trading Dow Jones
Hardie knew of asbestos danger 40 years ago: former manager ABC

Dow Closes in on Potential Support Schaeffers

Thursday October 21
Mortgage rates continue to fall AP
Philadelphia Fed Manufacturing Index Jumps to 28.5 Bloomberg  PFed
Leading Economic Indicators Fall 0.1% in Fourth Monthly Drop BL CB
U.S. initial jobless claims fall 25,000 CBSM
Dollar Adjustment: How Far? Against What? IIE PDF
No one doubts that adjustment will eventually happen. The sooner it starts, the less the chance that it will take a catastrophic form. If and when the worst happens, the world will surely not look back forgivingly at the present generation of officials who told themselves reassuring stories about the omniscience of markets while allowing the disequilibria to explode
$A Stronger ~ Loonie tops 80 ~ $ to 3-M low vs Yen ~ 8-M Against Euro
Understanding Interest Rates in the Age of Paper Money PB (Duncan)
Dour Days for the Dollar Schaeffers
End the Rate Increases AEI (Makin)
Gold Is Flashing Warnings Business Week
$3 Trillion = 50%! ...Solution Goldenbar
The South Sea Bubble and Law's Mississippi Scheme Faber  Saville
Frozen by oil-price fears Economist
Energy: The Gathering Storm IIE  PDF
Verleger predicts oil prices will rise to $60-70 per barrel over the next 2-years
Crude Will Hit "$60 Before $40" Business Week
Boone Pickens expects "$10 natural gas" probably within "four months"
Natural Gas Soars Past $7.50; Broker Eyes $8.00 Business Wire
Winter home heating costs to rise $106-$253 Det FP
Whirlpool to raise prices by 5-10% ~  Timken to Increase Tool Steel Prices
Home prices hit new high - again Sac Bee
New Global "Soft Patch" or the Beginning of a "Deep Murky Swamp"? Roubini
The effect of oil shocks has been underestimated in terms of their impact in the past; and they may be underestimated again today by central bankers and wishful thinkers
Striking Gold In Commodities Business Week
The money is pouring in...investors have about $25 billion committed to tracking the performance of the Goldman Sachs Commodity Index. That's triple the $8 billion investors benchmarked to the index in 2000. "Commodities have been accepted as an asset class"
High five? CBSM
It appears increasingly certain that 2004 will go down in the history books as a dismal year for the stock market
Health care: U.S. spends more, gets less EPI
eBay Doesn't Quell Fears About Growth TheStreet
Corning Trims Fourth-Quarter View TheStreet
Hurricane Losses Batter Allstate Earnings AP
Big 3 Airlines Report Combined $906M Loss AP
American to lay off workers, ground planes after new loss KR
ATA: Cash Crunch Worsened in Past Months AP
Embraer Cuts Plane Delivery Forecasts for 2004, 2005 Bloomberg
Huffy Files for Chapter 11, Buyer Emerges AP
GM to Lay Off 900 at Pontiac Plant AP
Unifi to Cut 490 Jobs at Ex-DuPont Plant AP
Microsoft's growth problem CNN/Money
AT&T Has Loss of $7.12 Billion on Network Writedown; Sales Fall 12 Percent BL
Washington Mutual profit falls on mortgage slump Reuters
Countrywide results spark mortgage-sector selloff Reuters
Homebuilders Are Stretched Thin Business Week
Ex-SEC chief marks scandal Boston Herald
Forget Enron, WorldCom or mutual funds. The crisis enveloping the insurance industry is “the scandal of the decade, without a question'' and “dwarfs anything we've seen thus far.''
Are Health Insurers Next for Spitzer? CFO  Eliot Spitzer's next target CBSM
Finding fraud like shooting fish in a barrel
Marsh woes deepen after credit lines are threatened Independent
Liberty Mutual receives subpoena CBSM AIG subject of criminal probe CNN
Two Very Fashionable Frauds Mises
Qwest to Pay $250M Fraud Settlement AP
Martha Stewart's lawyers file appeal CNN
Martha stirs up tasty prison treats CNN
KPMG fined record $10M Reuters
Ex-natural gas traders plead guilty to making false reports AP
Chiron's vaccine debacle lingers WT
The Mystery Man Who Runs CDC-Systems NYP
Bumper Crop of Corporate Probes CFO
California insurance crackdown FT
Internal Rate of Return: A Cautionary Tale CFO
Rating Companies Lifting Veil on Muni Swap Risks BL
Oil leap 'will hit European growth' Times Online
'Significant' rise in debt woes BBC
French Sept Consumer Spending Unexpectedly Falls on Oil Price, Jobs BL
The dangers of gross domestic politics IHT (BL)
Stagflation Forcing Korea to Face Reality Bloomberg
Fears over Chinese demand hit Corus Times Online
Brazil Raises Benchmark Interest Rate for Second Month to Curb Inflation BL
Juncker, Sarkozy Lead EU in Playing Down Risks of Euro's Rise BL
First fall in loans since 2000 shows bubble has burst iCWales
German state banks to repay E3 billion in illegal subsidies IHT
Europe's Watchdogs May Expose Bond-Price Secrets BL
U.S. Watching Yugansk Sale Moscow Times
EU sues Britain on behalf of 'booze cruisers' IHT

Greenspan shrugs off other experts' worries Financial Standard
Greenspan Whistling Past Any Worries TheStreet
At the current pace of sales, nearly one in 10 homes in the U.S. will be sold this year, the highest turnover ratio ever...
Financials Wobble as Chips Prop Up Comp TheStreet
Alan Greenspan may not be worried about consumer debt, but evidence is piling up that he ought to be.

Wednesday October 20
Gold Rallies to Highest in More Than 6 Months in New York as Dollar SlidesBL
US Treasury chief seeks to bolster dollar FT
Oil Prices Briefly Top $55 Per Barrel AP
Oil $55; distillate, gas inventories fall CBSM
Dollar Broadly Weak on Econ Worries Reuters  Gold Jumps
Crude price up slightly as market braces for U.S. oil stockpile data CP
If Humans Only Had One Hand Hussman
Managing It Forward Pimco (McCulley)
Pessimism about global economic outlook grows FT
Why Wall Street Hates the "S" Word Blodget
The real reason there are so few "sell" ratings
Congress Should Abolish the Federal Debt Limit Berry
Cover note Economist
New York’s combative attorney-general, Eliot Spitzer, has a new target: America’s insurers and insurance brokers
Investors Are Losing Ground as Insurance Inquiries Expand Morgenson
U.S. insurance inquiry widening NYT/Reuters
ING subpoenaed in Spitzer probe CBSM
SEC sets its sights on Fannie Mae Globe & Mail
Top US companies seen losing blns in '05 cash flow Reuters
Motorola Fails to Impress TheStreet
JPMorgan Chase Earnings Decline 13% on Bank One Acquisition Costs BL
Pfizer's Earnings Rise BL
GM auto dealerships offer buy-one-get-one-free deal FT
GM strike leads to parts shortage BBC
GM, Ford Among Firms in Accounting Probe AP
Citigroup's Maughan, Two Executives Leave After Regulators Shut Japan Unit BL
Investors in Parmalat sue banks and auditors Reuters
Quattrone wins reprieve from jail BBC
Enron founder Lay to face two trials AP
Economic Puzzles (Japan and US) G-E
China's Economy Is Slowing, Even If It's Not Bloomberg
China demand contributes to high oil prices PM
Sluggish growth projected for Germany IHT
£1bn cash call shocks Pru investors Guardian

Tuesday October 19
Greenspan: Don't Fear U.S. Household Debt, Home Prices Reuters  Speech
Fed's Olson sees no U.S. housing price 'bubble' Reuters
Consumer Prices Rise 0.2% BL BLS   Housing starts slow Reuters  PDF
Chain Store Sales Mixed in Oct 16 Week   Reuters
Crude Oil Falls For a 2nd Day Amid Concern Prices May Cut Demand BL
Consumer Prices Rise 0.2% BL BLS   Housing starts slow Reuters  PDF
Crude Oil Falls For a 2nd Day Amid Concern Prices May Cut Demand BL
Frozen by oil-price fears Economist  Gasoline tops $2 a gallon USAT
Rising natural gas prices squeezing facilities operators ACBJ
Greenspan's 2010 Space Odyssey With Oil Futures Baum
Global: Asia’s Own Agenda Morgan Stanley (Roach)
Crossroads for Confidence Berner
Echoes of Black Monday Macleans
It's market crash season -- and it looks like we're due for a big one
What to Expect When We're Expecting Earnings Schaeffers
The Kindness of Strangers Richebacher
Dow Transports & Globalization Curveballs Willie
Mortgage monster scares market Australian
There is a volcano rumbling in the US, with many praying it does not erupt
A Simple, Fool-Proof Plan That’ll Save Our Economy NYP (Crudele)
Who Cares If Markets Are "Efficient"? Elliott Wave
IBM's Bottom Line Delivers TheStreet  Texas Instruments beats, warns G&M
Continental posts Q3 loss on oil CBSM AMTD - EMC - F - FON - MO - MCD
Chip tool orders drop in September CBSM
Key ratio drops below parity for first time in 2004
Intel Cuts Prices on Laptop Computer Chips Reuters
MCI Planning to Write Down Phone Assets NYT
Star Gas down on Pacific Exchange; warns of bankruptcy AP
Delphi: SEC probes firm's pension records AP
Why Leapfrog warning is no surprise CBSM
Toy Makers Brace for Soft Holiday Season AP
Signs point to so-so holiday for tech sales this year USAT
Stock analyst accused of trying to extort from restaurant chain AP
US insurance brokers may have to repay incentives FT
Marsh's Disputed Payments Were $845 Million Last Year Bloomberg
Ex-PeopleSoft CEO to get $18 mln in severance-source Reuters
Slow U.S. Growth Sends Commerce Giants to China Newsweek
Talk Is Getting Very Cheap Newsweek
Asians are buying U.S. data networks at fire-sale prices, pushing rates down and political tensions up
Private Investors Abroad Cut Their Investments in the U.S. NYT
"Foreign central banks saved the dollar from disaster"
Dollar's demise is bingo for bullion Guardian
Next Gold Bull Wave is Around the Corner SH
BofC raises overnight rate target by 1/4% Point BofC
House prices fall fastest since 1995 Times Online
Commodity prices sting Chinese exporters FT
China's Sept. Car Output Falls, 1st Drop Since 2001 Bloomberg
Oil shortages spread amid speculation The Standard
Rising Oil Prices Bode Well for Gulf Stock Markets Arab News
Bangalore's outsourcing flood Reuters
BOJ considered effects of IT slump Japan Times
Business 'breaking pensions pact' BBC
Insurance scandal spreads to Britain Independent
Switzerland Cuts 2005 Growth Forecast on Oil-Price Surge, Global Slowdown BL
HK property bounce will not last: Morgan Stanley Xinhuanet  Xie
Royal Group Shares Fall 13% on Fraud Investigation Bloomberg
G.M. Workers in Germany Protest Job Cuts a 3rd Day NY Times
Fuel cost woes hit Qantas Advertiser
Nigerian scam fools financial adviser SMH

Monday October 18
Dollar stumbles on U.S. asset flows data Reuters
Report: Tech job cuts soar Reuters
Challenger says cuts up 60% in 3Q, tech companies have no hiring plans.
Crude Oil Rises to a Record Above $55 on U.S. Supply Concern Bloomberg
Chicago Board of Trade's Dan Says Oil May Rise to $75 a Barrel BL
Oil Prices 'Heading for 60 Dollars A Barrel' Scotsman
Heating costs through the roof RegisterC  Winter Forecast Far From Cozy BW
How market risks can make losers of us all Scotsman
Seventy-five years on from the anniversary of the Wall Street crash next week, we have come to look on equity markets as essentially tamed beasts
-- Book: The Misbehavior of Markets Amazon
Intel: All risk, no reward MSN (Fleck)
More tough sledding? CNN
Rising oil, mixed economic news and key earnings misses have punished stocks. Get ready for more.
More than a third of S&P 500 to report this week TheStreet
Fed Debates Policy for Post-Greenspan Era Reuters
Consumer Sentiment and the Stock Market... SH
Pumped-Up Pension Plays? Business Week
Regulators are investigating how some companies tinker with retiree accounting
Writing is on wall: Sell art now before bubble bursts NYT
Finger points at the broker barons ~  Analysts warn on insurer bonds FT
Marsh & McLennan Postpones Investor Conference Call BW
Rite Aid Exec, 76, Gets 10 Years in Prison CFO
Seoul to investigate Citigroup operations FT
Thomson gets SEC subpoena G&M
Harmony Bids $8.2 Billion for Gold Fields to Create Biggest Gold Company BL
3M Warns on Its Full-Year Earnings AP
Mattel Posts Lower 3Q Profits, Sales AP Hazbro Warns
Report: Housing Industry Set for Trouble Reuters
Delphi Reports $114 Million Loss in 3Q AP
Its Credit is built ford tough AP
TravelZoo’s Skidoo NYP (Byron)
Election Jitters Strangling Markets NYP
Market may foretell result of election Harding
368 Economists Against Kerrynomics NRO
The bubbling up of Austrian analyses FT
Gold is eternal wealth Russell  Taylor On The Markets & Gold G-E
Central bank gold sales 'not daunting' Business Day
Investors pay out for early warnings on companies FT
Dollar May Drop; Oil Price Gains Threaten U.S. Growth BL
Bundesbank Says German Economic Growth Slowed in 3rd Quarter BL
Trichet May Find European Central Bank Over a Barrel With Oil BL
Housing market 'suffers worst slowdown for a year' Independent
Just a bit of inflation could burst this property bubble Guardian
Oil, gas and steel costs could derail recovery, warns CBI Independent
A New Deal on jobs, so what about pensions? Independent (King)
Bank offers guarantee for mutual funds China Daily  SPDB
Sainsbury's 'faces £630m shortfall after fund move' Times Online
Royal Mail forced to reissue its pension statements for 120,000 Times Online
Commentary: Daiei of the living dead IHT (BL)
Richard C. Koo/Japanese economy still needs `intensive care' Asahi
Canada deals blow to cheap US drug imports FT
South African gold groups poised for merger Guardian
Many Cubans can't afford gasprices KR


Weekend Edition (Oct 16-17)
Premise #2: The Muddle Through Era Mauldin
Happy? Two-year Anniversary PBear (Noland)
Peter Bernstein interview CNN
People seldom worry until the stuff hits the fan
Trading HUI Parabolas Zeal
Dr. Richebacher Investigates... FSA
Past-Due Bill Capital Hill Blue
A bursting bubble blew U.S. jobs away IHT (Norris)
U.S. insurance industry reels as Spitzer takes it to task ~ Exec Pleads Guilty
The Newest C.S.I. Spinoff: Copper Scene Investigation Elliott Wave
The hunt for rent View From SV
'Fiscal timebomb' for US airlines BBC
Wal-Mart reports drop in shoppers CBSM
Levi’s Deal To Sell Dockers Collapses Over Price NYP
Martha: No more money, please! CNN
“The camp is fine; it is pretty much what I anticipated. The best news -- everyone is nice -- both the officials and my fellow inmates. I have adjusted and am very busy. The camp is like an old-fashioned college campus -- without the freedom, of course.�
MarthaTalks
China's Industrial Boom Is Inflating Commodity Prices NYT
Despite prices, a rush into China NYT
Are Middle East economies back to the 1970s again? AME
Department store sales slide 5.1% Japan Times
General Motors Opel Plant Halted by Wildcat Strike Over Jobs BL
German Recovery Running Out of Steam? Global Insight

Friday October 15
US Treasury misses deadline on forex report Reuters  US Treasury
Greenspan Says Oil Unlikely to Trigger Inflation Bloomberg  Speech
U.S. consumer sentiment sinks to 18-Month Low CBSM
Charles Schwab posts Q3 net loss CBSM
U.S. Sept. industrial production up 0.1% CBSM FED
Retail Sales in U.S. Rise 1.5% BL Census -  PPI up 0.1% BLS  Bloom Recap
U.S. Oct. Empire State index falls to 17.4 CBSM NYF
Gold sits tight in Europe awaiting data, Greenspan Reuters
U.S. Economy Questions Paralyze Dollar Reuters
Global: Productivity Convergence? Morgan Stanley (Roach)
The US Dollar and Global Imbalance MS (Xie)
Crude Oil Hugs Milestone $55 Mark AP
WSJ: $50 oil cuts half-point from GDP CNN
Oil prices have yet to reach peak, Opec warns Times Online
Why the rude oil prices? CS Monitor
Expert cautions spike in gas may stick around BND
2004 Deficit Hits Record $214 Billion AFP
Why 2004 is Not Like 1994 Comstock
Recession and stock market declines in 2005? Seeking Alpha
Jobs: The Lull Will Linger BWeek  US Employment Quality Index CIBC PDF
Complacency plagues newsletters CBSM
America's bond markets are due for scrutiny -- and competition Economist
Housing Bubbles Are Not Like Stock Bubbles Always On
SEC probing pension fund assumptions -- report CBSM
Will Fed Keep Inflation Low When Greenspan Exits? BL (Berry)
People Stopped Picking Their Own Mutual Funds Bloomberg
Can Trade Deficit News "Disappoint" the Dollar? Elliott Wave
Spitzer takes on ‘corrupt’ US insurers FT
“If the practices identified in our suit are as widespread as they appear to be, then the industry's fundamental business model needs major corrective action and reform.�  Spitzer Text
World's biggest i-broker accused of taking $800m kickbacks TO
Schaeffer on Charts: Staying Off Drugs Schaeffers
Icahn Launches Proxy Fight Against Mylan TheStreet
Intel decides speed matters less these days, kills 4GHz Pentium TheRegister
Union: US Airways Seeks 1982 Pay Levels AP
Delta Air Lines Sees Loss Mushrooming Reuters Up to 7,000 job cuts
Sprint Says It Will Cut 700 Jobs, Take 3rd-Qtr Charge BL
Flu-Shot Maker Faces Federal Probes CFO
Morgan Stanley to Restate Some Results Dow Jones
Copper hit by funds, not fundamentals Reuters
SEC Chief Lashes Out at Reform Opponents AP
Silver futures turnover on MCX surpasses TOCOM Business Line
Gold to offer value over the next few week, Merrills AIR
Prospects are good if you can strike gold Scotsman
ECB's Trichet Says Growth Risks Increasing on Record Oil Costs BL
French minister says oil price could cut growth by 0.5 pct AFP
Business confidence takes sharp tumble Times Online
Consumers turn pessimistic in Japan IHT (Bloomberg)
China to be No.2 economic entity by 2020 People’s Daily WEF
Yukos unit “to be sold for knock-down� FT Yukos Shares Drop 11% BL
Perils that lie in risk management This is London
Head of Troubled Japanese Retailer Resigns AP
Legal blow prompts Bayer warning on settlements Times Online
Debt survey worries bankruptcy lawyer OTT BJ
China Power trades higher than IPO price on Hong Kong debut AFP

U.S. Debt Ceiling: Bush Administration Seeks to Raise It Once Again NYT
Since Mr. Bush took office in January 2001, the federal debt has increased about 40 percent, or $2.1 trillion, to $7.4 trillion.  To the Penny

Thursday October 14
Wall Street stumbles to new lows CBSM
Spitzer: Insurance Scheme Rigged Bids AP
AIG Sees 2004 Storm Losses Up to $515M AP
Mortgage rates sink on jobs report CNN
U.S. dangerously close to debt limit Reuters
The Treasury Department suspended investments in a federal employee pension fund Thursday to keep the government below its borrowing limit
Crude Oil Rises After Report of Heating Oil Inventory Decline BL
U.S. August Trade Deficit Grows to $54 Bln BL Census ~  $ Declines
Jobless claims rise in latest week CBSM
Oil Breaks Back Through $54 Barrier on New Supply Fears AP
Gas prices drive past $2 a gallon Herald Tribune
Heating oil prices reach record, up 24% in month USAT
Ominous: The US deficit vs the dollar Asia Times
Financials are the largest sector, but headwinds are growing Hussman
Let The Facts Speak For Themselves, Mr. Kudlow Northern Trust PDF
Chart of the Month: Dollar Cost Averaging Cross Currents
Labor Does Phone-Work Favor For Prez on Jobs Report NYP (Crudele)
According to UBS Ltd., liquidity in U.S. mutual funds has dropped to just 3.9 percent -- which the investment firm says is an all-time low.
A 100-year bear market? CBSM (Farrell)
The worst kind of debt: Charging the groceries MSN
High credit card bills common among college students DM
A Hard-to-Swallow Lesson on Pensions NYT
The budget arithmetic test EPI
Dow Crawls Back To 10,000 Financial Sense
McTeer had some interesting comments on Monday about the current account deficit, capital flows and the U.S. dollar....Just two days later we get the following report: McTeer may leave for Texas A&M post Reuters
Does the Money Reflect the Value of the Achievement? Elliott Wave
Candidates avoid deficit talk MSNBC  Stocks and the Coming Electoral Chaos
Dow's Decline Points to Possible Kerry Victory Bloomberg
Buy America II: The First Show Drops Appel
U.S. CEOs' Confidence Slips Further Reuters  CB
Citigroup, Bank of America Beat Estimates AP
Why Intel's inventory really rose CBSM SanDisk Misses CBSM
Ford's $108 Billion of Bonds Skid to the Junkyard Bloomberg
General Motors to Cut 12,000 Jobs -  GM Misses, Warns BL
Nokia profits drop as prices cut Reuters
Allstate: $1B in hurricane payouts Reuters
Wal-Mart warns it could shut its unionized store in Quebec Globe & Mail
SEC seals settlement with Ahold AP/R
Street Giants Face Suits Over Rigged IPOs NYP
SEC Paper Chase NYP
SEC probes Chiron over flu vaccine problems FT
A.G. Edwards Broker Sanctioned for Market-Timing TheStreet
Martha's Prison Diaries NYM
FASB delays stock options expensing rule FT
Cracking Down on Deferred Compensation Business Week
Hedge funds get look from many investors DS Investing clubs keep the faith ST
Gold vs. the USDX: The No Conviction Condition RBC  PDF
At $400/ounce, gold demand needs only to expand by 2.3% to absorb additional CBGA sales GFMS PDF
Gold - Still Missing From Most Investors' Radar Grandich
Gold & Silver glitters on MCX II
Police extend jail time of Newmont managers Mineweb
Sept. 11 coin sale halted AP
Spitzer: “It is a shameless attempt to profit from a national tragedy�
New coal miners are desperately needed AP
JPMorgan says shift in yuan is likely Bloomberg
Metal prices punish Asia stocks Reuters  Copper Buckles FT Dr. Copper G-E
French investors quit stocks Bloomberg
UK pension funds sidle up to derivatives Reuters
Robust derivatives services in sight China Weekly
India is world's 3rd best FDI destination Rediff
Emerging market debt hits record levels FT
S&P: $114Bln Hidden From Shareholders Moscow Times
Survey: Russia a World Leader in Corruption MT
Russia plans big Yukos sale Reuters
Climbing rates worry Canadians with debt CP
House Prices -- The Worst Is Yet To Come Scoop
Denmark warns EU over IAS 39 FT
U.S. textile industry petitions protection AP The Textile Crisis NCTO

Wednesday October 13
Crude Oil Declines on IEA Forecast That Demand Growth Will Slow BL IEA
Con Job Redux PIMCO  (Gross)
A Federal Inflation Conspiracy? Business Week
Many unhappy returns Economist
While rich-world investors struggle to make decent returns, investors from emerging markets are lending to America as never before
A return to gas lines and rationing? CNN
Ripple effects of rising fiscal woes in Washington CS Monitor
U.S. 4th-Qtr Economic Growth to Cool on Oil Prices, Survey Says Bloomberg
Taylor On The Markets & Gold G-E
The Lobster Trap of Central Banking North
Mortgage Applications Fall Last Week Reuters
How Housing Has a Hand in Rates Business Week
Autos industry braces for disappointing results FT
Merrill’s Earns it Buy ‘Ugly’ Revenue NYP  HDI ~ MCD
Intel’s profit margins squeezed FT Yahoo Profit Triples on Google Stake Sale
ASML warns of slowdown in chip sector FT Philips Sees Waning Demand TS
Mystery Firms Hit Pink Sheets NYP (Byron)
The company has never filed paperwork with the Securities and Exchange Commission enabling its stock to be legally traded on the public market.
Adelphia Claims Top $3 Trillion CFO
Fannie's Hedging Deals Look Thorny TheStreet
Fannie Mae told to keep papers for probe AP
CEOs “guardedly optimistic� about economy FT
The Business Council published an embarrassing correction on Tuesday to a survey of its members' outlook on the US economy.
Bank chief warns of inflation rise and joblessness Times Online
Italian Industrial Production Unexpectedly Falls Amid Surge in Oil Price BL
Is India Facing Argentina-Like Debt Crisis? Bloomberg
Britain's Jobless Rate at 20-Year Low AP
Single currency, but many prices Times Online
SAFE: rumors of RMB exchange rate rise groundless PD
The IMF and Oil Prices Tech Central
Oil prices put growth in danger, agency says NYT
Nigerian Union Threatens Oil Industry Reuters

Tuesday October 12
$54 Breached CBSM
Just how high will oil prices go? AME (Faber)
Chart Readers Say $70 Just Around the Corner Reuters
North Sea oil soars to record as shortages fear grows Times Online
Oil-shocked into recession? CNN  Snow Job Rostenko Do stocks and oil mix?
Global: Danger Zone Morgan Stanley (Roach)
Erase Debt Now. (Lose Your House Later.) NY Times
Doubts over Fed plans push yen up on dollar R/B More hikes coming CNN
Banks And Buttheads D-Reckoning
Retail spending dips, crimping the economy CS Monitor
Senate passes $136B corporate tax bill AP
Pension Promise No Guarantee of Security WP
General Motors to axe 12,000 jobs in Europe FT
Global Crossing shares drop on fears over financing DJ
Philips sees flat chip sales in Q4 CBSM
Earnings Season Means Excuse Season As Well Schaeffers
Inside the culture and collapse of Enron CS Monitor
Ex-Merrill Lynch Exec Declines Testimony AP
Feds Took A Dive in Diva Ink Expert Case NYP
KPMG Pays $115 Million to Settle Suit CFO
The Missing Link Elliott Wave
Mundell: A World Currency in the Long Run AGI  CS Monitor
Bretton Woods 2? Roubini Blog
Tokyo Stocks Plunge; Dollar Down Vs. Yen (10:54 PM) AP
Japan's Bonds Gain for 3rd Day; Slower US Jobs Growth May Sap Exports BL
Japan's Falling Wages Slow Consumer Spending, Economy's Engine BL
German October Investor Confidence Declines to 16-Month Low BL
Blair oblivious to unfolding pension crisis Times Online
Increased pensions costs are hitting British companies Scotsman
Central Bank Lets Ruble Rise Moscow Times
Yukos Ordered to Pay $1.4Bln Moscow Times
Sainsbury's credit rating nears junk Times Online
Royal & Sun moves 1,100 jobs to India Guardian

Monday October 11
Crude Rises to Record for Fifth Day on Concern About Shortfall in U.S. Bloom
Earnings Shortfalls Hussman
The Case for Rate Hikes: Did the Fed Prematurely Raise Rates? Levy
The frantic search for a silver lining MSN (Fleck)
Weak micro- and macroeconomic data continue to pile up, yet contorted rationalizations regarding oil, stocks and real estate continue unabated.
Eventual lunch bill may spell end to dollar's dominance Times Online
Imagine a place where you could spend far more than you earned for years without consequence. Imagine a place where you could pay your way by writing cheques that nobody would bother to cash. Welcome to America, today.
John Dessauer's dollar dance CBSM
Central bankers need to learn new tricks Independent (King)
Bull Market Fading ~ Tech stuck in neutral ~ A warning of lower returns CBSM
Baby boomers face retirement challenges NWITimes
Candidates Mum on Possible Housing Bubble NYP
Retail equity trading expected to remain sluggish FT
Fannie Mae survives attack FT
LCD glut drives LG Philips profits down 15% Reuters
SunTrust Banks to Restate 2-Quarters of Earnings for Loan-Loss Allowance BL
Value investor on the brink FT
Bear Stearns Probes Executives Over Fund Trades, Records Show Bloomberg
Pink-Sheets Bluster NYP (Byron)
The stocks themselves -- representing equity stakes in seemingly worthless shell companies -- are trading at a combined market value of more than $1.3 billion on the so-called pink sheets market.
Top oil groups fail to recoup exploration costs FT
Venezuela raises oil drilling tax BBC
Getting a measure of the impact of rising oil FT
Snow Expects Arab Help Against Oil Prices AP
Kuwaitis, Saudis pledge oil help CBSM
Saudi Arabia bitter over global taste for sweet and not sour oil TO
Analyst: Gas Prices Jump With Oil Prices AP
Gold May Climb. . . Bloomberg  Gold price forecast for 2005 Kitco
Platinum at $1,000 not inconceivable -- Virtual Metals Mineweb
Surging demand keeps coal hot TheAustralian
Singapore Economy Unexpectedly Shrinks Annual 2.3% in Third Quarter BL
Can India Hold Off the ‘Bond Vigilantes?' Bloomberg
The Japanese economy: what needs to be done Brookesnews
Nigeria fuel price strike starts BBC
Leaked figures 'show pension gap' BBC
Millions face pensions misery Guardian
Forecasting is defunct as a means of shaping monetary policy Guardian
Japanese retail investors buy China Power IPO People’s Daily
AIM faces revamp in crackdown on risky flotations Times Online
ABN Amro set to enter China's futures market FT
Exxon, Chevron named in Iraqi probe CNN/M
Chavez may sue Venezuela cenbank over forex profits Reuters
Such threats from the leader of the world's No. 5 oil exporter alarm some foreign investors, although most have become accustomed to Chavez's revolutionary rhetoric and his frequent tirades against free-market capitalism.
40 tons of gold smuggled out yearly Pretoria News

Weekend Edition (Oct 9-10)
Oil Casts Long Shadow on Bull Market AP
U.S. Forecasters Fret About Oil Hit Reuters
Restructuring Gurus See Day of Reckoning Reuters
Teetering With Economic Imbalances WP
Elections, Recessions and the Economy Mauldin
The Election & the Metals Markets Aden
Trading the Oil Bull Zeal
SEC Probes Krispy’s Books NYP
Citigroup hits back at Parmalat over debt NYT
Cloudy Days on Wall Street Weiss
Dollar Has Biggest Weekly Drop Against the Yen Since August Bloomberg
Chinese mainland's foreign exchange reserve exceeds US$470.639 bln PDaily
LG Shows It Makes Sense to Manufacture in India Bloomberg

Friday October 8
Economy Adds 96,000 Jobs; U-Rate 5.4% Bloom  BLS -  Bears Awake
Fed says weaker dollar needed to address deficit Reuters  $ Weakens
“Over time, there is only one direction for the dollar to go -- lower�
Crude Oil May Rise From Record on Supply Concern, Survey Shows Bloomberg
$50-plus oil drags on economy CS Monitor
Global: Canary in the Coal Mine Morgan Stanley (Roach)
Evidence Indicates Soft Patch Continuing Comstock
CIBC sees fewer Fed rate hikes G&M  CIBC ReportPDF
Twin Peaks CIBC PDF
Whatever these central banks thought was a neutral interest rate setting when oil was $30 a barrel is surely hundreds of basis points lower when oil is trading at over $50 per barrel
A New Productivity Paradox Business 2.0
The government's data says Americans are working fewer hours. But you're still staying at the office every night. What gives?
US pension agency chief warns of solvency risk Reuters
US: Debt Limit Update Morgan Stanley
Meditations on Hedonics Financial Sense
Berry just claimed that the biggest bond trader on the planet was clueless and the most clueless central banker on the planet was not. He might want to rethink this stance
The Bear's Lair: The Moral Hazard merchant UPI
We're in mass denial of long-term-care reality Chicago Sun Times
Hedge Funds: The taming of the shrewd Economist
AT&T Cuts 7,400 Jobs, Asset Value by $11B AP
Alcoa Earnings Miss Lowered Forecasts Schaeffers
Writedown Hammers Corning - Manhattan Associates Warns TheStreet
Smith Barney sees Delta bankruptcy soon Reuters
£33 billion wiped off shares in drug giants Times Online
KMPG Agrees to Pay $115M to Settle Suit AP
Companies lay blame all around Norris
Parmalat's Trustee Sues Bank of America AP
Martha reports to prison CNN
Sentinel funds fined in timing case CBSM
Forecast gets the gold bull bellowingBusiness Day
We are now in the aftermath of the third stock-market bubble. The chart shows that, for history to repeat itself, gold could go to $5,600/oz.
CBOT enters metals futures FT
Key gauge signals economic contraction JapanT Forex reserves hit record
A key gauge of the current state of Japan's economy plunged below the boom-or-bust line of 50 percent in August for the first decline in 16 months
ECB warns on impact of oil price IHT
India May Have a Bill Gross Before China Bloomberg
Japan slaps a ban on UFJ Bank IHT (NYT)
City hits at Whitehead Mann over grim news on trading Times Online
Standard Life reneges on payouts Guardian
Bombardier to cut 2,000 jobs Globe & Mail
Trio Of Deadly Explosions In Egypt AP

'Mother of all bubbles' warning on house prices Guardian
Prices could slump by 30% before they return to their long-term average, a leading economist has warned.
Review: No sign of an apocalypse now FT
Book: Bubbles and How to Survive Them Amazon (Not listed yet)

Thursday October 7
New York Crude Oil Soars to Record $53 on Winter Supply Concern BL
Commodities Index Rises to 23-Year High as Demand Surges for Oil, Metals BL
U.S. Initial Jobless Claims Fell to Lowest in a Month Bloomberg
B of A layoffs represent 2.5% of total workforce CBSM
Sept. Jobs Numbers Could Hurt Bush White House NYP (Crudele)
Survey: CEOs bearish on 2005 growth Reuters
How High Will Oil Prices Climb? Faber  Heat’s On Oil Price Reuters
60 dollars a barrel within reach if winter is colder than expected AFP
Prospects and Policies for the U.S. Economy: Why Net Exports Must Now Be the Motor for U.S. Growth Levy
Credit Default Swaps: Who's Doing What? CFO  Oct 1:  Default Swap Faults
Critics worry that the asymmetry inherent in credit default swaps contains the potential for serious abuse
U.S. Treasurys: Is A Bear Market Underway? BCA
Economic Reports: Things You've Suspected but Were Afraid to Ask! -  GDP G
Son of “a day late and a dollar short� FS
Stock, Bond, Vix Ratios Turn Down.... Safe Haven
Retail Braces for Another Tough Month TheStreet
When the Chips Are Down ... Schaeffers
Ex-Fannie Mae Accountant Admits Concerns AP
Misconduct? It's Only Half the Story.... Elliott Wave
AIG: Why the Feds Are Playing Hardball Business Week
How Serious Was the Fraud at Computer Associates? Wharton
Stern to Sirius: S&P Is Unimpressed Business Week
After the gold rush CNN
Asia/Pacific: More Inflation Scares Ahead Morgan Stanley (Xie)
China's oil demand unlikely to decline People’s Daily
IEA estimates Chinese and Indian demand will grow 970,000 barrels per day (bpd) this year -- nearly 40 per cent of total world growth.
Guess Who’s Coming To Dinner? PBear (Auerback)
Further rate rises in balance as factories stall again Independent
Analyst predicts housing crash Times Online
Rising oil price usually means recession. So why are share markets up? Inde
Bull run? Investors, be cautious! Rediff
Chipmakers locked in battle at nanometer level Asahi
FSA targets UFJ over attempts to block inspections Japan Times
Spanish bank chief to face tax trial IHT (BL)
Iraq Audits Expose Poor Controls CFO

Wednesday October 6
Gold edges up before oil and jobs data CBSM
Copper at 9-year high, silver soars; demand seen strong
Oil Scales $52 on Winter Fuel Fears Reuters
From boom to bust, eventually TT (Shiller)
Watch out, homeowners: prices of homes in the world's most glamorous cities are getting ready to crumple
Housing Troubles Would Crimp Fed's Plans TheStreet
Fears about Fannie Newsday
Fannie Mae fallout could trickle down
Fannie Mae's Raines `Strongly' Disagrees With Regulator Report Bloomberg
Oil Surge From Ivan Pushes Heating Costs to Record Bloomberg
Pump Dreams New Yorker (Thanks L.K.)
NA not building up energy reserves fast enough: EnCana CEO CP
Over a barrel CBSM (Kellner)
Snow, Clement Miss Mark on Oil-Price Speculation B loom
High energy prices sting low-income Americans the hardest AP
Inflation Lurks Smart M (Atteberry)
The 'Peak Oil' cult FP
Utility Players Schaeffers
Gas companies probed for “market abuse� FT
Debt Ceiling Could Be Hit This Month AP
Illegal end of quarter portfolio pumping CBSM (Hulbert)
Wal-Mart Sees Profit at Low End of Range TheStreet
Kodak cuts 600 jobs and shuts two plants as digital toll rises Independent
Starbucks vs. Its Addicts Slate
Soros spins off three of his firm's businesses Times Online
Insiders Turn Bearish in September Thomson
The SEC Flexes Its New Muscle CFO
Tanker freight rates may come under pressure Business Times
US confronts sudden flu vaccine shortage FT
Boomers neglect financial planning CBSM
Gold may be the best investment option today AME
Dollar index suggests gold at $500 MineWeb
Is Your Job Coming to India? Get Used to It Bloomberg
Finance Ministry to cut government bond issues Japan Tims
Fears over digital sector, personal consumption cloud outlook Japan Times
Foreign banks lose taste for Japan, pack bags for home Asahi
Japan: Will New Banknotes Have a 'New Currency' Effect? Morgan Stanley
Credit Suisse warns growth will slow in 2005 Swiss Info
Bond holdings to hurt Big Four if rates rise Standard
From "bicycle kingdom" to world's fastest-growing auto market People’s Daily
Banks caught napping in real estate scam SMH
French finance chief declares 'love' for US AFP
Austria weighs in with new, 68-pound coin AP http://www.bigphilcoin.com/
Mundell: “The world needs a common currency beyond each national one," and gold fills the bill.

Tuesday October 5
Report: U.S. job cuts at eight-month high in Sept. Reuters
White House sees broad jobs revision Reuters
Report: Council says up to 384,000 more jobs may have been created from March '03 to March '04.
US service sector slows in September Reuters  ISM
Remarks by Chairman Alan Greenspan FED
Gold, silver futures near 6-month highs CBSM
Crude Oil Prices Surge to All-Time High AP
Crude Rises to Near a Record Bloomberg  Will Oil Prices Peak at $50? Berner
The inevitable rebalancing of the US economy NT PDF
Economic Limits to Empire AEI  (Lachman)
True stream of public debt runs deep UPS (Burns)
How U.S. Income Tax Cuts Are Really Tax Increases Bloomberg
Looser lending blamed as foreclosures rise DMN
Most and least expensive housing markets CNN
Soaring costs of senior care USAT
Unexpected obstacles stunt profit growth USAT
The earnings deceleration that's been feared for months may be worse than originally thought
Advanced Micro Guidance Gone in a Flash TheStreet
Pulte warns on Q3 earnings, cites Las Vegas Reuters
AT&T Tremors Grow Stronger as Cuts Loom TheStreet
Yahoo!, Google Face Rising Expectations TheStreet
Wall Street Bonus Increases May Be Limited by Revenue Decline BL
Morgan Stanley sues card issuers Times Online
A Whole New World for Big Plastic Business Week
Schwab Cuts Trading Fees Again, Stock Off Reuters
Cheney, Halliburton and the Stock Market Tech Central
Protecting Martha will be hard: Guard Globe & Mail
PeopleSoft chief accused of ‘misleading investors’ FT
Why Fannie Mae’s Boss Wants John Kerry To Win NYP (Crudele)
SEC considering civil action against AIG FT
Genentech Receives U.S. Subpoena in Rituxan Marketing Probe BL
Central Bank Gold Sales to Cease? GoldSeek
Neither Here Nor There Rostenko
China: The Final Frenzy Morgan Stanley (Xie)
From Mumbai to Pune Morgan Stanley (Roach)
Fed, Not G-7, May Decide China's Move on Yuan Bloomberg
Funds: U.S. economy tops list of Asia funds' concerns Reuters/AFX
Korean Banks Struggle With Basel Accord, Standard & Poor's Says BL
Murder Trial Starts for Ex-Yukos Security Boss Moscow Times
Paper: Putin Aide Took Iraqi Oil Cash Moscow Times
Italy gears up for Parmalat trial BBC
FT says broker's claims are 'vexatious' Guardian
Crushing news for HK bank customers BBC
Security deposit boxes full of valuables sent to a scrap yard, destroyed
'World Bank' Bidding Starts at 30 Cents on eBay Reuters

Fed's Santomero: Rates have a way to go Reuters

Monday October 4
Factory Orders Drop Despite Expectations AP
U.S. gasoline pump price highest since mid-June Reuters
Hidden debt poses long-term threat USAT
This hidden debt equals $473,456 per household, dwarfing the $84,454 each household owes in personal debt.
The government's inflation con job MSN (Fleck)
They tell us prices are under control and 'prove' it with cynical manipulation of data. That’’s why fixed-income investments like bonds offer little value
Paying the Fiddler Hussman
Citigroup's Yamada, Top Technical Analyst, Sees Dow Falling Bloomberg
More Pain Ahead for Stocks? Business Week
Market hits 'lower lows, lower highs' PP
The Coming Week: Reality Check TheStreet
Doomsday for the green back? DeLong
If international currency speculators get the scent of near-inevitable profits from an ongoing dollar decline in their nostrils, all Asian central banks together will not be able to keep the dollar high.
Some stocks are cheap for a reason CBSM
More Americans are becoming house-poor Chicago Tribune
Keynesian policies are back in vogue BrookesNews
There's a difference between unemployment, underemployment SF Chronicle
United's pension woes: sign of bigger issue CS Monitor
Interest rates push US drivers into cheaper cars FT
As gas prices soar, truckers battle record costs CS Monitor
NASDAQ Plans Leap From OTCBB to Guess What, NASDAQ FW
Citigroup’s woes worsen as Korea launches probe FT
Citigroup apologised for executing a huge trade in European government bonds in August...
Gagging The Market NYP (Byron)
Gold geezers pleased but patient CBSM
Gold May Exceed 15-Year High as Dollar Falls Against The Euro Bloomberg
Hedge funds face sharp fall in returns FT
Hedge funds to come under closer scrutiny Guardian
Sugar business sours as U.S. goes diet crazy USAT
China holds firm over yuan reform BBC  $ Rises
China must slow down Toronto Sun  China's thirst for oil BBC
Soaring Chinese demand drives mining boom FT
Chinese official warns of risks facing world economy People’s Daily
Brown sounds warning on might of China and India Times Online
Why Japan is the world's economic barometer Inde (King)
Why Asia Doesn't Have a Greenspan or Trichet Bloomberg
Real estate price decline spurs fear of wider effect JoongAnd Daily
Comparisons of the situation in Korea with that of Japan in 1991
IMF failing to agree on debt plan BBC
'Where did the $2.6bn go? Times Online
UK metal brokers accused of rogue trade complicity Guardian
Hamanaka had been one of Sumitomo's star traders, known as "Mr Five Per Cent" for the proportion of the copper market he would corner on occasion.
Barclays denies 'fleecing' clients Guardian
OSC wants funds to make restitution Globe & Mail
Australian Stocks continue record-breaking run AAP

Global economic headwind poses a risk, says IMF BR
"It [US current account deficit] can't go on forever and at some point the imbalances will resolve themselves. The issue we all face is how to operate a financial system and an economic system that will cause those imbalances to be corrected without a major disruption."

Weekend Edition (Oct 2-3)
China not showing cards on dollar peg CBSM
No timetable set, despite weekend of pressure
The Week Ahead: Following the Bouncing Ball CIBC
The Outer Limits? Contrary Investor
Horse Racing and the CIA Mauldin
Relativity Zeal
How the GSEs ruined yoga PBear
Asian Doubts Regarding the Dollar North
October Option Advisor Commentary: "High Risk" Schaeffers
Wal-Mart sales at low end of forecast Reuters

Friday October 1
Ford Reports Disappointing U.S. Sales  AP  Auto Sales Overview Bloom
GM, Ford Raise U.S. Sales Incentives Reuters
Oil near $50, eyes Nigeria delta truce Reuters
Gold prices turn higher, end up 3% for the week  AFX CBSM
Manufacturing Slows In September ISM Construction spending hits record  R
Nortel Firing 3,250  TheStreet Oracle jumps on PeopleSoft bid hopes CBSM
China Meets the G-7  Morgan Stanley (Roach)
Happy Anniversary, Mr. Market  Forbes (Grant)
Recovery Fading, Structural Issues Remain  Welling
“Warning to fully invested equities bulls: Reading this interview could raise your blood pressure�
The dragon and the eagle Economist
American consumers and Chinese producers have led a global boom. China is creating genuine wealth, but America's binge is based partly on an illusion
Fannie Mae: The Tip of the Iceberg?  Comstock
At A Time Least Expected, Resisting the Irresistible Elliott Wave
Earnings Quality: The Best And The Worst Forbes
Soaring Steel Price Stings Makers of Auto Parts  Bloomberg
Higher prices for scrap, steel hurting auto parts makers G&M
Did More Imported Steel Help? (from July 28) CITAC
Raw steel production utilization rate running above 90%  Steel
BlueScope Steel CEO sees no drop in steel prices Stuff
Steel-hungry dragon to boost Indian bottomline FExpress
BHP to Sell Most of New Nickel Production to China Bloomberg
Gold, resource funds outperform in Q3  CBSM  Russell on Gold
Chipmakers act fast to cut inventories FT
Lazard Asks Partners to Take Pay Cut Before IPO, People Say  Bloomberg
Big Funds Say Ouch to Merck's Misery TheStreet  AP  ~ NYP
Lawson Meets Lowered Targets, Plans Layoff TheStreet
Fresh Del Monte Falls on Warning TheStreet
SEC Charges Ex-CFO with Insider Trading  CFO
Raymond James brokerage charged with fraud Reuters
Hedge Fund Boss Busted For Fraud NY Post
Can Hedge Funds Survive Onslaught of Bureaucrats?  Bloomberg
Microsoft asks for delay in sanctions  IHT
Stock Options: The Lying Liars Who Don’t Want Them Expensed  Weeden PDF
Greenspan: The Man Who Does the Opposite SH
May 11, 2004: Back to the '70s CNN
China recommits to flexible yuan CBSM
IMF: 'China must move toward currency flexibility' AFP
Japan says yuan policy up to China ahead of G7 Reuters
U.S. Pressures China Over Currency AP Snow to Be Tough
China runs its own race Australian
Chinese car dealers are embedding secret computer chips in their vehicles so they can use global positioning systems to trace buyers who stop car loan repayments...It's one of the more obscure reasons why the G7 finance ministers meeting Chinese officials in Washington today may not get the answers on the Chinese economy they are hoping for.
Japanese Manufacturers' Confidence Increases to 13-Y High BL 4.8% AP
Euro zone in states of change IHT (Norris)
State's data inadequate, pensions adviser says Times Online
The numbers game that doesn't add up Times Online
New Zealand: Bear market risk greater, says broker National Business Review
Watchdog concluded UFJ tried to hide bad loan data Asahi
FSA sees Citigroup probe over by year end Reuters
Venezuela's Ramirez: High oil prices for 2005 PWorld
Bush's Lead in Futures Markets Similar to Gore's Edge in 2000  Bloom