feedsept02




		Monday September 30 The Breakdown in Banking Business Week Trust is eroding, and profits may follow as business models falter Spending falls short CNN BEA Dow Falls 213 in Morning Trading Reuters A slump in business activity in Chicago contributed to the sell-off How Bankers and Brokers Could Get Bruised Business Week Wave of Warnings NY Post We're still in for a lot of bad news on the earnings front (C.Hill) Show Us the Money NY Post JP Morgan Revises Econ Recovery Forecast Dow Jones The report pegs industrial production to recover in late 2003, stretching into 2004 and 2005, instead of an earlier forecast of a late-2002 recovery. The Sad State of Policy Coordination Morgan Stanley (Roach) Recovery or Recession? Newsweek More Homeowners Face Foreclosure AP Recession Arbiter Holding Out on Call Reuters Survey finds that companies won't be buying soon Boston Globe CIO CEOs may be liable for losses in 401(k)s USA Today Number of Americans Without Health Insurance Swells Salt Lake Tribune IMF, World Bank Short on Global Solutions Washington Post Warnings of bubble sounded, but few listened SunSpot Whistleblower raises doubts over ore bodies Financial Post 'Fannie and Freddie Were Lenders': U.S. Real Estate Bubble Nears Its End EIR Crippling debt and bankrupt solutions Asia Times Japan's finance sector czar is fired CBS MarketWatch IMF implores Japan to address bad loans Japan Times Sagging Stocks in Japan Put Life Insurers at Risk NY Times (R) Economic woe puts German banks in firing line Reuters PC Makers Hit Speed Bumps; Being Faster May Not Matter NY Times (R) More than any other time in its 27-year history, the personal computer industry has found itself in a quandary, having to concoct new reasons to persuade the world's 500 million PC owners to replace their existing machines. More Thrills, Spills Ahead on Wall Street Reuters Weekend (September 28, 29) On the edge of a credibility gap Financial Times S&P 500 companies will report aggregate pension costs - rather than income - for 2002 The Key To A Buff Portfolio NY Post So how is Buffett making money now? By staying out of the public stock market altogether. Does the Law of Gravity Apply to the Dollar? NY Times (R) After more than two decades during which the United States bought and consumed far more than it produced, has payback time finally arrived? Humbled Bears in 1999. Market Sages Today NY Yimes (R) IMF Advances 'Sovereign Bankruptcy' Concept Washington Post Bear Market Longest in 60 Years Reuters Market slide causes stock trading revolution Financial Times Wall St Week Ahead-Stocks to fall as chill sets in Reuters Is this the next big scandal? Guardian High income bonds were supposed to be the answer for elderly savers. NYSE Will Weigh New Rules on Analysts Washington Post Investment banks set to axe equity analysts Financial Times Janus Loses One of Its Bigger Customers Reuters Grim Tidings Seen in Measly U.S. Yields Reuters False Front Forbes Be wary of any balance sheet propped up by a synthetic lease--even if the name at the top sounds very solid. Like Iron Mountain. ECB's Duisenberg sees stock market decline weighing on euro-zone growth AFP Brown pleads for growth Guardian Shiokawa Moves Japan Closer to Bank Bailout With Public Funds Bloomberg Financial woes hit pre-election Brazil BBC Friday September 27 No Safe Havens Comstock The Danger in Bonds Kiplinger (Gross) What's happening to stocks and corporate bonds promises to temper economic growth or even reintroduce a recession. A Lopsided World Morgan Stanley (Roach) Survey: More Own Stocks Since '99 Reuters What's the Fed up to? CBS MarketWatch (Kellner) The last time the Fed thought it was easy when it was really tight was in the early 1930s. It's an Awfully Long Block, CFOs Say CFO Can Deflation Be Prevented? Krugman Greenspan Honored but Faces Criticism Reuters It's disturbing that to dodge culpability Greenspan had to say the Fed is impotent when it comes to bubbles. It implies they have no power over deflation either; that they can't limit how fast the air leaves the bubble. Market madness ending, says Buffett BBC The Fragile World Economy ~ A Time for Caution Economist Rise in credit card delinquencies attributed to faltering economy KC Star ABA Junk Bond Funds Suffer a Record Outflow Reuters Fund Managers Duck Bear market takes its toll around the world Financial Times End of an era as symbol of dotcom boom dies Guardian Lehman cuts GE to 'equal', price target cut to $35 CBS MarketWatch JP Morgan on the rack after disastrous fees-for-loans foray Independent Today, JP Morgan Chase looks more like a Frankenstein than the finely tuned athlete it aspired to be... Citigroup Reportedly Ready to Separate Banking, Stock Research TheStreet CSFB cuts Asia GDP forecasts on weak global outlook Reuters World's smallest miners may win big CBS MarketWatch Japanese Banks may get another injection of state funds JT Argentina warned over loan threat BBC Tyco’s Tainted $$$ NY Post Did you know the Near-Term Tax Free and Tax Free Funds outperformed the Nasdaq and Standard & Poor's 500 Indexes from June 30, 1997 through June 30, 2002. Bonds’ Feat Might Be Hard to Repeat Bloomberg Thursday September 26 Knight of the broken table CBS MarketWatch Strange that Alan Greenspan will be knighted by the Queen of England for his contribution to economic stability just as it seems the global economy is about to fall off its horse. The Fed Didn't Cause the Stock Market Bubble AEI (Makin) Hey Alan, Rate cuts Aren’t Always A Good Thing NY Post Buffett Expects Market To Get Worse Times Online Graphic Distorting Buffett's View Comstock CNNfn I.R.S. Closes Loophole That Let Rich Hide Income NYT (R) Some people with tens of millions of dollars in capital gains from investments or sales of businesses paid little or nothing to the government by using the loophole. A Time For Caution Economist (IMF) Forget the Fed -- Fannie Mae is Tightening Comstock (WSJ) Fannie Mae has told lenders that it is tightening lending standards on cash-out loans... A new worry: Duration gap growing Philly I Bond bubble battle CBS MarketWatch Late credit payments rise Bloomberg The merits of inflation-I UPI IMF sounds alarm over economy Independent ~ IMF World Economic Outlook IMF Long conflict with Iraq could ignite new recession AP German stock exchange shuts high-tech Neuer Markt after 96 percent slide AP Execs Taking More Money Upfront CFO Equity derivatives now worth $2,300bn Financial Times HP to cut another 1,800 jobs LA Times Philip Morris Lowers 2002 Estimates Reuters SBC to cut 11,000 jobs and capital spending Reuters Aetna to cut 2,750 jobs, take $58M charge for 3Q Reuters ClearOne to Cut Staff by 20 Percent Reuters Weekly Jobless Claims 409K DOL Durable Good Orders drop 0.6% in August Census Enron's 'crooked E' sign snares US$44,000 at auction Reuters Those looking for bargains found them few and far between as the strange psychology of auction bidding took hold, replacing cool-headed reason with head-to-head competition. Companies Missing The Mark Forbes SEC eyes research/bank divide Reuters Merrill aide to plead guilty WSJ Brokerage assistant will provide testimony against Stewart Former WorldCom controller to plead guilty to two counts WSJ Tyco Rewarded an Executive During a Grand Jury Inquiry NY Times (R) J.P. Morgan, Credit Suisse, Dresdner Sued by Argentine Clients Bloomberg Lehman cuts JPM's earns est. again CBS MarketWatch Merrill faces $605M suit alleging sham energy trades USA Today Snyder's Wall Street Blitz Washington Post During the Boom, Pressure on Analysts Was Part of Many CEOs' Playbooks “Tightening standards for cash-out refinancings should curtail consumer spending in an environment when the economy is already struggling to stay above water. This is certainly not a favorable development for growth and employment in the near term. However, it is a needed measure to prevent a housing market crisis.” The housing market bloom appears to be fading Northern trust Wednesday September 25 Trust your instinct, not your broker Arthur Levitt (Times) ~ Take on the Street: What Wall Street and Corporate America Don't Want You to Know Arthur Levitt (Oct 8) U.S. August Existing Home Sales Fell 1.7% to 5.28 Million Rate Bloomberg Greenspan kicks off UK visit BBC Yamani: oil may hit $100 a barrel Telegraph Stiglitz: War Won't Boost U.S. Economy Reuters War is widely believed to be good for the economy. This war (on Iraq) is likely to be bad and possibly very bad. IMF Cuts U.S. Growth Estimate Reuters IMF World Economic Outlook IMF Could it actually get worse? CNNFn (Roach) Jitters for Securities Industry, as Goldman Plans Cuts NYT (R) Cumulative A/D Volume HD Brous Junk Bonds at Depths Not Seen Since '91 Reuters Debt defaults by states on the rise Business Day In all, six new governments failed to honour their bonds in the period, putting the total value of sovereign defaults in the first nine months of this year to nearly $133bn. Fed: Caution or distortion? UPI Increased usage of plastic alternative drives up debt CBS MarketWatch Low rates are everywhere except on your credit card CNNfn A dearth of dependable direction Red Herring The Sarbanes-Oxley Act is nearly totally silent on how corporate boards should do their jobs -- and the penalties that directors would face if they don't do so. Airline bailout rebuffed AJC Major airlines face an ''unprecedented financial crisis'' Airlines Plead for Aid Bill Would Leave Amtrak Short Washington Post Risk-averse investors pour into bond funds AP Got Bear Market Depressive Syndrome? CNNfn Cracks in the Chinese Wall Financial Post Poverty hits one million more Americans BBC Calif. economy won't end slump until 2003-report Reuters German Business Confidence Declines in September Bloomberg S&P May Cut Japan Rating Reuters The BOJ Gamble FT Shiokawa: Not Against Public Funds For Big Banks If Need Dow Jones Can More Yen Save Japan Ludwig Von Mises Korean consumers stack up debt BBC Brazil's Real at Lowest Level Ever Voa News President Cardoso Tuesday blamed speculators for the fall of the currency, saying the decline has no basis in reality to the actual conditions of the Brazilian economy. Argentina threatens loan default BBC Tyco Took Profit on Bad Deal, Then Paid Bonuses to Executives SEC Fines Dynegy $3 Million in Probe of Deals Washington Post U-Haul executives 'misappropriated resources' Financial Times Leading analyst at ISS sacked for lying Financial Times Tuesday September 24 Dow Closes Near 4-Year Low MSNBC FOMC Statement FDRB Governor Gramlich and President McTeer preferred a reduction in the target for the federal funds rate Consumer Confidence Falls Again Conference Board Nasdaq Could Get Company on Joyless Ride TheStreet Those who proclaimed a "major bottom" was established on July 23-24 are (once again) wearing dunce caps after Monday's session... Things Could Get Worse - Just Look at Japan Globe & Mail Crude Oil Rises Above $31 Bloomberg Graphic: Oil Prices New, uncertain world on the horizon Business Day C Wright Mills, once said the reason Wall Street bankers and stockbrokers jumped from skyscrapers in 1929 was not that they had lost money, but that they suddenly realised their own uselessness in a changed world... The Bear's Lair: Twilight of the banks UPI Coincidence? Market starting to resemble the '30s Mecury News We're in the real eye of the tornado. The down move is about to accelerate precipitously. We're in early 1932, and the market didn't bottom until July 1932.' Global View: US consumer debt-burdened? UPI The Earnings Curve Boston Globe Sting of Last Year's Recession Not as Mild as Many Thought NY Times (R) Almost everything that can go wrong is now going wrong... Comstock I am an Investor - Get Me Out Guardian Models: What are they Good For? Ludwig Von Mises Tax-Haven Firms Lobbying Hard Against Curbs WP Lehman Net Falls 37% for Sixth Drop in Seven Quarters Bloomberg Fannie Mae's Risk Casts a Large Shadow TheStreet Spreads at 2002 Record El Paso units 'squeezed gas supply' Financial Times Xerox Says US Attorney Probing Accounting Reuters Brazilian Currency Drops to New Low Washington Post Brazil Bonds Fall as Lula Gains in Election Survey Bloomberg Mobius said there is a 90 percent' chance Brazil will default. This week and next are the peak weeks for earnings pre-announcements C.Hill Monday September 23 Oil Price Soars on War Fears BBC Pension fund liabilities loom as next corporate crisis UPS In 1989, pension funds were underfunded by 1 percent. At the end of 2001 they were underfunded by 7 percent The Perils of Price Stability MS (Roach) Nasdaq: 6-year lows Eurostocks: 5-year lows Treasury yields:1958 lows The Costs of Bursting Bubbles NY Times (R) (Roach) America is already on the brink of deflation. Our broadest price gauge, the G.D.P. price index, recorded just a 1 percent annualized increase in the second quarter of 2002. The long and the short of short-selling MS (Fleck) Long-term unemployed struggle to keep positive Knight Ridder Self-employment plummets to new low USA Today US bankruptcy court warns Enron bankers Financial Times As Their Losses Mount, Airlines Lobby Government for More Aid Dow Jones If Storm Gets Worse, DELL May Lose Its Float IHT (NYT) JPM: A Nightmare On Wall Street 321Gold Total sales expected to be near the low end for the month Wal-Mart A Tale of The S&P 500 P/E Ratios Over 75-Years Gold-Eagle Morgan Stanley trims earns estimates for the S&P 500 CBS MarketWatch U.S. stock fund outflows decline in August (Lipper) Reuters Goldman Eyes Cuts NY Post Lehman could cut jobs CNNfn The senior management of Goldman's investment banking group has told department heads to start assembling lists of candidates to be laid off... The cuts go deeper as banks struggle to bring in business Financial Times In July, 429,343 laid-off workers throughout the nation used up their regular benefits before they found work, up about 172,000 from the year before. The Perk Wars Newsweek Despite Welch’s damage control, the outrage is not going away for him or for Corporate America... Brokers: monkeys or mavens? Financial Post What if Wall Street was actually responsible for the opinions it delivered? That plausible-sounding notion terrifies brokerage firms. They know that markets are unpredictable and that research is largely entertainment. WatchDogs: Sites help you find who the bad guys are Knight Ridder 'Trust me' isn't good enough anymore Globe & Mail In a Broker's Notes, Trouble for Salomon NY Times (R) Telecoms Troubles Economist NASD fines Citi's Salomon $5 mln CBS MarketWatch Capital One Takes More Cautious Approach Washington Post Qwest To Restate $950 Million WSJ JDS Uniphase Lowers Sales Guidance Reuters Peregrine Files For Bankruptcy, Blames Arthur Andersen AP Deflation and the Bank of Japan Japan Times Venezuela shaping up as next Argentina Hoovers (National Post) Weekend (September 21, 22) China attracts more foreign investors than US Financial Times The Vision Thing NY Times (Krugman) Crude Rises on Report Iraq Won't Accept Any New UN Resolution Bloomberg 8 Reasons Why The Dow Dropped UPI A glut of mega-mansions for sale WSJ Bear Stearns Reinstates Formal Dress Code Reuters The IMF Mess Business Week Japan panic spreads as bond issue falls short Financial Post Japan's big stock-buy may signal deeper economic woes CS Monitor Attendance seen soaring at bullion-related conferences CBS MarketWatch Friday September 20 A "Sluggish" Market -- at Best BW Europe Is Giving Up On Itself MS (Roach) Where is the tech stock bottom? IHT Bad Times, Good Money Gold-Eagle Zero Percent Financing Not Always A Good Bet AP It's as close as you can get to a legalized 'bait and switch' scam Housing 'Bubble' May Not Exist, but the Market Could Still Teeter WP Go-go 1990s over, Goldman, Lehman get set to report lukewarm quarter next week CNNFn. Alcatel Cuts About 20,000 More Jobs Reuters Dresdner Cuts 3,000 BBC Duke Warns Reuters Yen Extends Slide as Bidders Shun Japan 10-Year Bond Auction Bloomberg Thursday September 19 Jobless claims hit 4-month high CBS DOLPhilly Fed 12:00 PM Housing Starts Fall 2.2 Percent in August Reuters Census(PDF) ~ Housing construction has been down for three straight months, something not seen since May, June and July in 2000. USA T Big Bank Trying To Wriggle Free From Its Problems NY Post The Dow Jones Industrial Average is headed into headline territory: the blazing headlines of single-day, 1,000-point drops CBS MarketWatch (Calandra) Further rating cuts 'could hit derivatives business' FT Derivative Mkts Concerned Over JPM And Fannie Mae Reuters J.P. Morgan, Citigroup Winning in Asset-Backeds Bloomberg Perils of the debt-propelled economy Asia Times Can Zero Percent Financing Be True? AP State's budget shortfall balloons (Maryland) Sunspot Balancing the budget on the voiceless, the sick Seattle Times Charts show European stocks heading for meltdown Reuters Reasons to end options' free ride Philly Inquirer In 1992, stock options accounted for 27 percent of median CEO compensation; by 2000, the figure had soared to 60 percent Expense Options, Says Conference Board CFO Explosion in Refinancing Leaves Lenders Swamped Washington Post Greenspan's changing tune CNNfn Despite its chairman's recent claims, the Fed noticed a stock-market bubble six years ago. Grossing out young Wall Street CBS MarketWatch Equipment Book-to-Bill Deepens Gloom for Chips TheStreet Merrill, Morgan Stanley cut IBM EPS views Reuters Morgan misses CBS Kozlowski could head to jail CNNfn BOJ eyes unprecedented purchase of stocks... Japan Times How a deflating bubble broke Japan's triangle Financial Times Brazil and Argentina damn IMF BBC Wednesday September 18 Stocks still too high, some analysts say Toronto Star If equities are to avoid a further serious crunch, they will need a big helping hand from (U.S. Federal Reserve Board) rate cuts Bear Market Has `Long Way to Go' Bloomberg Looking back over the past 40, 50, 60 years, you very rarely, if ever, make money buying the equity market at so high a multiple (Cliggott) Volumes will determine bear's life CBS MarketWatch As a guess, I'd say that we'll see volume running as low as 100 to 200 million shares a day at or near the final bottom of this bear market (Russell) Group not sure recession is really over Bloomberg NBER Denver's recession 'worst in 20 years' Rocky Mountain News Merger Volume Down 45% This Year As Buyers Play It Safe Dow Jones Jump in credit derivatives seen Financial Times Foreign investment declining USA Today (FofF) Kozlowski and the $2,200 waste bin Times Online On Golden Bond SmartMoney Bonds might feel expensive at current levels, but history could prove them to be darn cheap World economy growing slower than thought: IMF AFP IMF Gets Support for Bankruptcy Plan AP Business Panel Has Plan to Stop Pay Abuses Newsday Pitt on Board CNNfn Best Places To Go To Prison Forbes GE pensions are examples of hypocrisy Detroit Free Press Merrill Fires Davis, Tilney for Refusing to Testify Bloomberg California's Hypocritical Accounting Bloomberg Here come the warnings CNNfn EDS to miss estimates by wide margin CBS MarketWatch A new Monsters Inc. on Wall Street CBS MarketWatchÂ (Calandra) More Cuts Due After JPM Profit Slump NY Post J.P. Morgan Lowers Profit Forecast on Loan Losses Bloomberg J.P. Morgan cut by S&P, Fitch after profit warning Reuters Moody's says may still cut Tyco Int'l ratings Reuters Risk Data at Fannie Mae Spur Regulator to Step Up Oversight Reuters As Schwab Goes, So Goes The Street Forbes Despite criticism, FSA slaps new restriction on short selling Japan Times The Financial Services Agency said Tuesday it has again strengthened curbs on short selling of stocks to prevent investors from artificially bringing down the price of falling shares. Japan bank shares jump on BOJ stock-buying plan Reuters This means the risk of shareholdings at banks will be transfered to the BOJ. Tuesday September 17 Industrial Production Dips For First time in 2002 FDRB The Dow's dark day CNNfn A year after the Dow's 684-point drop, terrorism turned out to be the least of the market's problems. Options-Accounting Changes Backed Washington Post Chips Coming to Grips With New Reality TheStreet Economist: Home prices will follow stocks lower Mecury News Home prices nationwide -- particularly in the Bay Area -- are a bubble ready to burst, warns Ian Morris, chief economist of HSBC Securities USA. Why are home prices too high? USA Today Debt climbs at fastest rate in over 10 years, report says Chicago Tribune ~ Quarterly Flow of Funds Report FDRB What Year Is It Anyway? GoldenBar Bonds: Safe Harbor--or Treacherous Waters? Business Week Fannie Mae's Rate-Exposure Barometer Ballooned in August Reuters World gold demand drops 14% in Q2 AFP World Gold Council Global Gold Production Falls in H1: Report Asia Pulse Newmont Mining to end hedging by February Reuters Barrick aims to double profit, curb hedge position CBS MarketWatch Schwab to cut around 1,800 jobs CBS MarketWatch Tyco Says $56.4 Mln in Loans to Executives, Managers Forgiven Bloomberg McDonald's Cuts Its Earnings Expectation Reuters Mutual funds in worst performance slump since '87 crash (Canada) CBC Judge: JPM Has No Enronitis Claim NY Post IRS Moves Fast on Tax-Shelter Probes WSJ Teenagers invited to play trading game Japan Time A recent government survey found 82.7 percent of Japanese have no intention of buying stocks in the future. Push to reflate: Tokyo starts campaign to depreciate yen Sydney Morning Herald Text of Iraq's letter AP Text of White House Response AP Iraq-induced stock rally deflates CBS MarketWatch Monday September 16 The Great Global Policy Conundrum MS (Roach) Contrarians in the trenches speak out MSN (Fleck) Long-term managerial joblessness climbs UPI Big loans in this shaky economy put businesses on borrowed time Seattle Times Bear market causes pension-fund shortfall OC Register Pension income isn't determined by the actual dollars earned in any year. It's derived using a complex formula... Truck-makers in US face uphill struggle Financial Times FHA's mortgage troubles build CBS MarketWatch Agency works with borrowers to offset default rise Deflation Revisited Comstock Steer clear of dividends? Seattle Times Goldbugs then and now CBS MarketWatch Home heat costs primed for takeoff USA Today OPEC to Boost Output, Analysts Say Bloomberg Mighty Ford relegated to junk bond status Hoovers Adding up the zeros: Zero per cent car financing can't keep consumers going FP The balance sheets of both consumers and the auto makers are getting stretched to the limit SEC Probes Welch Compensation WP Welch Renounces Perks Reuters Report: Tyco to Disclose Forgiven Loans Reuters NY Times Article(R) Tyco fallout may hit Merrill Lynch USA Today 47% Of Big Companies Unprepared For Crisis AP SEC Chairman says more indictments upcoming CFO Japan's Blue Chips Are Getting Beat Up Business Week The government will probably patch together enough support for the markets to prevent a complete meltdown, a trick it has managed to pull off before. Gates of hell shaded in black and gold CBS MarketWatch (Calandra) A War We Can Affort Newsweek War will 'tip airlines into crisis' Times Online Buffett the Bargain-Hunter Returns Reuters When he said 'I don't understand technology', what he meant was: 'No-one else does either," Buffett #2 Forbes Buffett has never sold a share of Berkshire Hathaway. Martha Misses Cut ~ Trump Complains Reuters Weekend (Sept 14-15) Stocks Seen Lagging Bonds over 20 Years Reuters Stock Jocks Play Blame Game NY Post Asia central banks upping gold reserves UPI Cash for their trash CNNfn Analyze This: What Those Analysts Said in Private NY Times (R) Recall the Passbook? Washington Post Endless fall of the Japanese (economic) empire Free Republic (Breaking Views) Bubble Troubles Financial Sense Which Retail Sales Data Is Right?? Reuters You could have good sales gains and still be losing money. Forgetting about the weaker than expected sales from industry king-pin Wal-Mart this week, it will be a dot gov establishment telling us how retail sales came in for the month August next week...(5.7%?) Technology Still in the Dumps Comstock Volatility Trading The QQQs ZEAL Expensing Options Weighs on Share Prices: U.S. Stocks Outlook Bloomberg Close to 90 percent of 200 most valuable companies say the accounting change is coming... What War Would Do to the Economy Business Week A short and decisive conflict could provide a boost. A long one has the potential to spark a global recession College students lured by easy credit card terms CNBC J.P. Morgan, Insurers Head For Trial Washington Post ImClone Officials Ordered Shredders Washington Post Request Came One Day Before SEC Sought Data Ex-Yorkton trader gets 15-year ban Financial Post Two Giant Telecom Firms NY Post Want to be a millionaire? Apparently, there's nothing to it Guardian Argentine leader says court ruling may bring chaos Reuters Friday September 13 The US government's budget surplus myth GabeHarris The "Fed Model" GabeHarris A Post-Bubble Chronology Morgan Stanley (Roach) Oil Jumps as Iraq Rejects Inspectors Reuters U.S. consumer sentiment slips in early September Reuters The preliminary Sept current conditions index, which correlates more closely with consumption patterns, fell to 95.9 from 98.5 in August. Bleak Prospects, Say CFOs CFO The Dilemma of Declining Prices Business Week The U.S. may be entering a deflationary era. If so, sweeping reviews are needed of everything from retirement planning to monetary policy Dial D For Delfation Eocnomist Myth of evil deficits needs debunking KC Star Massive world recession to occur if Iraq attacked XINHUA (EUI) Our forecasts assume that the US does attack Iraq, and that the Middle East oil producers oppose the US action and team up to cut oil production, and thereby, pushing the oil price to, say, 70 US dollars a barrel or more. Stocks and Bombs NY Times (Krugman) (R) It's foolish and dangerous to minimize the potential economic consequences of war, let alone claim that it will be good for the economy Pension shortfalls 'may hurt credit' Financial Times $7 Trillion! Gold-Eagle Is big volume computer, PPT, and large firm trading, which runs the market up a hundred points for a brief instant, a true indication of the problem being licked? Risky Business (some thoughts on Barrick's hedge programme) Saville In Defense of Gold Hedging - The Case of Barrick(PDF File) M. Murenbeeld Is a Looted Tyco Really Worth $36 Billion? NY Times (R) Lucent Sees Sales Decline, More Job Cuts Reuters Is a Looted Tyco Really Worth $36 Billion? NY Times (R) Lucent Sees Sales Decline, More Job Cuts Reuters EU threatens US with massive trade sanctions Guardian IMF fears for safety of Japan's ailing banks Japan Times (Kydo) IMF: Brazil key to emerging markets UPI IMF Default in Brazil -- which represents 20 percent of Morgan Stanley's emerging-market bond index -- could have shockwaves far beyond its borders... Welch charged his wife's claims were a "dream"... NY Post Jack Welch: Fall of an Icon Business Week A messy personal life exposed the plush post-retirement perks he enjoys courtesy of GE. People are appalled -- even CEOs Ex-CEOs well paid for consulting WSJ The top regulatory cop in Boston is getting set to throw the book at Credit Suisse First Boston NY Post Thursdsay September 12 Greenspan Testimony FDRB On Testimony: ˜It was a bit of a wet firecracker’Reuters WSJ: Government to cancel $16 billion wireless auction DJ/AP One of the proposals would allow the carriers to opt out of the auction, thus wiping out their remaining debt to the government. U.S. layoffs surge in latest week Bloomberg DOL Current Account Gap Hits New Record Reuters Economy Growing Unevenly, Fed Says Washington Post (Berry) Honeywell Lowers Earnings Estimates (After Closing Bell) Reuters Insurance Rates To Climb Further WSJ Warning comes from top execs in reinsurance industry Some Investors Tell Bill Gross to Stick to Bonds Bloomberg David Tice said Gross' view of Dow 5000 is ˜probably too optimistic’ Loan delinquencies at U.S. banks at 8-year high-Fed Reuters Bubble talk grows with debt Chicago Tribune Two countries, two popped bubbles CBS MarketWatch Japan, U.S. can learn from parallel downturns Ignore prophets of doom at your peril Financial Times The End of Empire The Nation Any profligate debtor who insults his banker is unwise, to put it mildly. Muted End of Volatile Year in Stock Markets NY Times (R) Strategies on Fourth Down, From a Mathematical Point of View NY Time(R)Using data from about 700 regular-season N.F.L. games... Volcker Rejects Accounting Oversight Post WP Bank of America seeks OK to trade in power Knight Ridder Lavish life has it all -- except justice KC Star Budget crunch hits libraries in the stacks Plain Dealer Bayer Announces 4,700 More Job Cuts Reuters AT&T Canada to miss bond interest payments CBC Argentina Partially Lifts Banking Restrictions TehranTimes Regulators Find Another Analyst With Questionable Reports NYT Investment bankers at Donaldson put pressure on him (Kevin A. McCarthy) to write positively about Lantronix even though the initial public offering had fallen flat.(R) Charges Expected for Tyco Ex-CEO ReutersSEC Charges Three Fishy Findings At Household NY Post SEC's hedge fund probe gathers pace Financial Times U.S. Said to Be Investigating Another Enron-Merrill Deal NY Times (R) Iraq attack could alter world rules CS Monitor Text of Bush Speech to U.N. War Is Hell on Wall Street's Nerves BW Markets don't see war near Boston Globe War could wreak havoc on corporate bonds Star Ledger Analysis: Is war good for stocks? UPI Wednesday September 11 Top Economists Are’nt Buying O’Neill’s Spiel NY Post I'm not surprised he wants everyone to think it's (the economy) hunky-dory. I am surprised anyone is still paying attention to him. Another New Record For The Mania HD Brous Goodbye, cocoon boom? CNNfn Beyond interest rates Financial Times Is it really optimal to prop up the global economy through an explicit weakening of the US household balance sheet? Fed’s Beige Book FDRB District reports suggest that the growth of economic activity has slowed in recent weeks Americans hit $1.1 trillion home run Strait Times A booming housing market 'is not neutralising' the pain from a weak stock market 'but it's certainly helping' Markets Reduce Trading on Anniversary Washington Post Is The US on Verge of Deflation? MSNBC (Slate) World Crude Oil Stocks Falling Reuters IEA Oil Market Report Highlights(PDF) Pricey oil = economy's vinegar CNNfn Whenever energy prices have shot up over the past 30 years, the economy has suffered. Fidelity Magellan's cash falls near 2 1/2-year low Bloomberg I'm concerned that funds don't have a lot of cash on hand to meet redemptions in the next three to six months... In troubled times, shopping became the new patriotism Independent Hitachi Cuts Profit Target Reuters J.P. Morgan Chase Faces Possible Job, Dividend Cuts Hoovers (NYDN) Brokers Begin to Embrace the Bearhug TheStreet California Bond bailout has yet to reach the market AP U.S. Probe of Stewart Requested Washington Post German trade reveals weaknessBBC Investor Profile: Buffett the bargain-hunter returns Reuters Tuesday September 10 Oil at New Highs After Shipping Warning Reuters INO Profit Warnings Rise Ahead of Earnings Reuters C.Hill Economy Still Struggling Comstock They won't ring a bell at the bottom MSN Money (Fleck) Hedge Funds: SEC No Evil NY Post A Tax Break for the Rich Who Can Keep a Secret NY Times (R) U.S. Probes Sunbeam, 2 Ex-Officers Washington Post SEC Rules to Target Analysts, Official Says Washington Post Bob Rubin and Wall Street Washington Times The Peasants Are Revolting CFO US must not ignore bubble errors of Fed Chief Smithers Greenspan: The Mind of God, or Merely Omniscient? Ludwig Von Mises US consumer borrowing increases AP FDRB Most Economists Doubt a Double-Dip WSJÂ (Blue Chip Survey) Nokia Cuts Sales Forecast Bloomberg Ex-CEO Puts Nortel Stock Out of His Misery TheStreet Wall Street `Sell' Recommendations Rise: Bloomberg Where'd Intel's earnings go? CNNfn Analyst: More Wall Street Job Cuts Coming Reuters Firms are finally coming to terms with the fact that headcounts are still out of whack... Mortgage data hint of trouble Atlanta Journal Bond Markets Bracing as Brazil Nears Brink Moscow Times Brazilian left-wing Workers' Party presidential candidate Luiz Inacio Lula da Silva seems to have won over the hearts of the country's electorate... Lending by banks dropped 4.5% in August: BOJ Japan Times 56th Consecuative Decline IMF Says Bolster Banks Financial system keeps struggling firms on life support Asahi According to a Development Bank of Japan survey, Japanese companies are borrowing 329 trillion yen from private financial institutions, or about 30 percent of their overall funding. In the United States, the comparable figure is about 250 trillion yen, or about 10 percent. Monday September 9 Crude Oil Rises Above $30 as Cheney Stokes Iraq-War Concern Bloomberg War with Iraq could spark recession BBC Saudis Call Halt To Investment Plan WSJ Bush saber-rattling boosts gold CBS MarketWatch (Calandra) Square Stocks in a Round Market CornerStoni The Great Failure of Central Banking MS (Roach) Foreclosures at record high CBS MarketWatch Sweet Purity: Why Chaste Isn't Waste Fortune Here's a news flash--companies that abstain from earnings write-offs outperform those that partake. Today’s Lesson: Risk And Greed Newsweek Mutual funds dying off at record rate USA Today Fed-up investors bail out, ignore usual stock advice Reuters Are Bonds Overvalued? Reuters Long-Term Joblessness Rose by 50 Percent Over the Last Year NYT (R) Bank chief issues warning on world growth FT BIS Quarterly Review September 2002 BIS Loss of confidence deepens and spreads In Corporate America It's Cleanup Time Fortune Under pressure, a slew of companies are now changing the way they do business. Will it last? Lehman May Cut Some Banking Staff Reuters Citigroup Shifts Management Washington Post AOL Time Warner's Debt Drama Business Week Researcher Cuts Sales Forecast for Computers Through 2003 NYT (R) Increase in insurance costs squeezing businesses SF Gate How to read signs that a company is burning through cash SF Gate Cheap credit might turn very costly Australian Japan considering stock boost BBC In Zimbabwe, stellar gains are just mirage IHT This is an absolutely phony and unsustainable situation Weekend (Sept 7-8) Unfinished Business Contrary Investor Rebound From Ruin, if Not From Distrust NYT (R) The nation has proved it can bounce back from devastating terrorism. Recovering trust in Wall Street and corporate America is a taller order. Unintended Consequences of the Fed's Loving Care WP There is evidence that monetary policy may be working too well Who's Next at the Fed? A Look at the Field NYT (R) This Market Is Short on Cash TheStreet Microsoft's 2002 Net Boosted $2.47 Billion by Not Expensing Options DJ Coping with the most difficult market climate in 30 years Telegraph Do you trust the present crowd of politicians to get this right any more than they did in the 30s? Ten (corporate) commandments CBS MarketWatch Report Sees Gloomy Side to the Boom in Car Sales NYT (R) GS Report titled "After the Automotive Boom," Stalled Stocks Make Firms Review Biz Plan Reuters Street Still Insane About Tech Stocks Reuters The word on Wall Street is there are lots of bargains in technology stocks after their bone-jarring plunge. But the cold reality is, it's a lot of hype. Pension funds ratchet down their expectations FP Efforts to Restrict Retirement Funds Lose Steam WP Stocks & Long Rates Zeal Insurers Scale Back Corporate Liability Policies NYT (R) Mutual Funds In A Death Match?In Gold We Trust; The New Money Gold-Eagle Corporate Bonds are for Suckers InvestorCan (Transcript) Eurozone 'losing' budget discipline BBC Back To the Drawing Board Japan Times Friday September 6 Unemployment Rate Drops to 5.7% - 39K jobs added BLS Global Reverberations Morgan Stanley (Roach) Dow 5,000 PIMCO (Gross) U.S. banks' derivatives top $50 trillion CBS MarketWatch Warren Buffett; from value to vulture MSNBC (Slate.com) The fact that Buffett, who has oodles of cash to put to work, has been nibbling on distressed properties shows just how overvalued stocks still are. Oil & Gold Up on Iraq fears -- Key Levels Hit CBS Sweet Brent Gold Depression will deflate most markets CBS MarketWatch (Calandra) A crash really was a crash in those days BBC G.E. Expenses for Ex-Chief Cited in Divorce Papers NY Times (R) Positive Spin On So-So Results Comstock P/E Ratios On Forward Looking Earnings Comstock Gold flies, tech dies in week's ranks CBS MarketWatch Funds round-up: Gold to hit $1,000 as stocks fall for 20 years Reuters The firms that can't stop falling Economist A new growth industry in America: corporate bankruptcy. Barons of Bankruptcy FT ($) The top management of the 25 biggest recent US corporate collapses amassed $3.3bn from share sales, payoffs and other rewards. Living In A Bubble ABC News Housing Experts Warn Some Real Estate Markets Are Overpriced What’s Wrong With Falling Prices MSN Sentiment still too good to be true? CBS MarketWatch High-Tech Exports Down $20 Billion in First Six Months of 2002 AeA Bargains boot up as PCs languish on shelves USA Today Signs point to greater rich-poor wage gap CS Monitor Fed Focus - Suspicions PIMCO (McCulley) The time is rapidly approaching when we must contemplate Mr. Greenspan riding into the sunset. Not because he failed, I hasten to conclude, but because he succeeded: in securing secular victory over inflation. By his own reckoning, that's all he was ever paid to do. And he did it, very, very well. The Credit Leverage In the United States 321Gold Coming: No Options on Options CFO Overeliance on U.S. market a gamble (Part III) Japan Times Capital spending drops 15.5% Sentiment Dips Japan Times Carving up the scraps of power Economist IMF rejects Argentina's recovery plan USA Today Brazil gets $30bn IMF loan BBC Citigroup May Pay $200 Million In FTC `Predatory Lending' Case Dow Jones Martha Stewart inquiry set for subpoena ruling Financial Times In The Cross-Hairs NY Post Goldman Sachs' low-profile but highly successful tech team is about to go under the Congressional microscope. Another 19-low Reuters Japan banks threaten risky borrowers with higher rates TheStar Thursday September 5 Our Position on Valuation Comstock We are essentially challenging the hoax that Wall Street has continued to perpetuate upon the American public... Service Sector Growth Dropped In August ISM Factory Orders Up 4.7% in July Census Tips for managing the coming crash CBS (Calandra) In the coming bad months and years, a period that will annihilate nearly all paper assets and shrink the oceans of debt and credit sloshing around the world, investors and workers will be asking what they can do to sidestep a meltdown of their personal portfolios. More companies raising dividends from LA Times Shares of dividend-paying companies fell an average of 9.2% between Jan. 1 and July 29 of this year. By contrast, shares of index companies that don't pay dividends plunged 31.8% in that period. Pension revenue can mislead investors USA Today If stock options were the accounting issue of 2002, then there's a good chance that pension accounting will be the issue of 2003 After bubbles, a double dip? US News Economic 'triple whammy' RockyMountainNews Recession, scandals, terrorism take toll, economist says Bush Looks To Congress For Handout WSJ Budget woes haunt NYC BBC Now consumers feel the pinch Times Online (UK) The gloom of the stock markets has taken a long time to filter through to the high street, but at last it seems that consumers are beginning to be fearful. Devotion to Free-Market Makes for Ineffectual Policy NY Times (R) Wal-Mart's August Sales Lag Expectations Reuters Intel To Trim 3Q02 Forecast, Investors Say Bloomberg Initial Jobless Claims 403K DOL 2Q02 Productivity Revised Higher BLS US 30-, 15-yr mortgage rates at new record lows ReutersÂ Freddie Mac Graphic: Hawks and Doves (UK interest rates) Times Online Hollywood box office beats gold inflow CBS MarketWatch (Calandra) FSF reviews vulnerabilities and efforts to strengthen the international financial system BIS When is a bull market not a bull market? Financial Times CFO Pay: Going Up Again? CFO Paper Companies Named In Asbestos-Liability Suits NY Post SEC Cuts A Break To ‘Chainsaw Al’ NY Post WorldCon ex-CFO Pleads Not Guilty CNBC House Probing Goldman, CFSB New York Post Congress Looks at IPO Big Boys Goldman, CSFB TheStreet Judge blocks sale of Hershey AP Japan govt plans new anti-deflation steps--paper Reuters Nikkei rebounds after seven-session loss Reuters Japanese company cuts threaten GDP growth Financial Times Moody's warns of catastrophe from financial reforms Japan Today Wednesday September 4 A looming depression? UPI One of Germany's top economists is warning the country's leading bankers that Europe, and the rest of the world, are in dire danger of following Japan into a deflationary depression -- far more serious and prolonged than a conventional recession. Intense selling to continue, says noted researcher CBS MarketWatch Bears Prowl Global Equity Markets Reuters The Gathering Storm Comstock Why the Gold Cartel Will Fail to Prevent a Primary Gold Bull Market FS Abandoned Argentina left to dance alone USA Today Home price growth continues to slow USA Today HPI Chain Store Sales Slip in August Reuters Spending on new construction stagnated in July Bloomberg The perils of ignoring bubbles Financial Times Bonds Hit 40-Year Lows as Safety Rules Reuters Earnings were supposed to be great by now -- oh well CNNfn The Enforcer (Spitzer) Fortune Merrill, CSFB cut Intel estimates CNN Intel's Message May Be Written in the Margins TheStreet GM Offers Cash, No Interest on '03 Models Reuters Company Said to Seek Chief to Succeed Martha Stewart NTY (R) More Solly Follies NY Post â€˜Sellâ€™ Rating By Pru Knocks Citi Down 10% NY Post Prudential's `Sell' on Citigroup Reflects Trend Bloomberg Hey! Imagine That! LewRockWell Brazil Bonds, Currency Fall... Bloomberg Nikkei ends at 19-yr low after global market rout Reuters The country's 8 mega-banks face a potential loss 4,073.7bn yen (£22.24bn; $34.78bn) on their stock market investments BBC Tuesday September 3 Stocks Suffer Biggest Fall Since Sept. 11 Reuters Prudential cuts Citigroup to 'sell' Reuters Writing on the wall: It's bright red CBS MarketWatch (Calandra) Looks Like a ˜Triple Dip’ Recession is on its way NY Post One Year Later Morgan Stanley (Roach) Passing the Buck NY Times (Krugman) (R) Nikkei Falls... through government engineered bottom Nikkei ends near 19-year low CBS MarketWatch Market sentiment is absolutely awful right now’ BBC Japan's monetary base in August rose 26.1% Japan Today IBM May Cut 4,000 Jobs Reuter Layoffs Reach 6-Month High in August Reuters CGC Manufacturing Growth Stalls - ISM Index Holds at 50.5 Bloom ISM Release From Irregular Credit to Entity Failure Financial Sense Fed or BOJ -- Which One Screwed Up More? Bloomberg Double dip recessions in US and Germany Dawn Group Nearly a decade of boom, much of it artificially manipulated, must inevitably be followed by a burst Goodbye, Surplus. Hello, Train Wreck Business Week Higher returns forecast on junk bonds for those who hold nerve Hoovers (FT) Junk-bond prices have fallen 6 per cent this year to last week. That is their worst record since 1990 Third largest trucking company shuts down CNN InvestmentQuest CornerStoni Mr Magoo does it again CornerStoni Western Ports Brace for Possible Slowdown Reuters Table Of Companies Expensing Stock Option Dow Jones You can't go into September and October without being worried Chicago Tribune Markets ready for traditional autumn plunge Financial Post Record trading, point swings mark Dow's crazy summer USA Today The wildest roller coaster on the planet this summer was the 'Dow Jones Scream Machine It's not too late for defensive measures Boston Globe White Paper on Sound Practices to Strengthen the Resilience of the U. S. Financial System(PDF File) MBAA Polls Say Workers Uneasy With Economy, Executives Washington Post Business is below par at golf courses Puget Sound Biz, money mags in ad crunch NY Daily News Weekend (Aug 31 - Sept 2) Japan's Nikkei Falls to 18-Year Low Bloomberg Why Japan-style malaise could happen here MSN (Fleck) Crunch Worries NRO Low Expectations NY Post Crisis at Citi Business Week As the stock slips, loans sour, scandals surface, and conflicts proliferate, Sandy Weill's legacy as architect of the universal bank is on the line Lehman Brothers Cuts More Staff Reuters US, Global Policymakers Mull Fallout Reuters The Conjoined Twins of Real Estate Gold-Eagle Active funds hit buyers' pockets Hoovers (FT) Collins Stewart bemoans worst market in 30 years Financial Times Set up for a Fall NY Post Mary Meeker is the last of the superstar analysts... An IPO Bottleneck NY Post Solly’s IPO Scams Blown Wide Open NY Post What Wasn't Said GoldenBar Drowning in a sea of worthless share plans (Marconi) Observer Another Slap at Democracy on Wall St. NY Times (Morgensen) (R) One look at the Salomon Smith Barney documents detailing its allocation of IPOs showed individual investors why they couldn't get the hot stocks that raced skyward during the mania... Forecast Too Sunny? Try the Anxious Index NY Times (R) The Philadelphia Fed index rose above 30 before every recession since 1968 Bubblarious! Fed Denies Fault Financial Sense Bear Market Rallies 2 Zeal Comparing the bubble and the crash Plain Dealer Some American stock market practices today are eerily similar to those in 1929 Reduced Profit Forecasts May Spur Losses: U.S. Stocks Outlook Bloomberg Get ready for Warnings Season CNBC Doomsayer from 1995 has investing lessons for today Seattle Times Perpetual debtors: Is the helping hand to Latin nations making a real difference in their economies? Miami Herald



		All data and information within these pages is thought to be taken from reliable sources but there is no guarantee as such. All opinions expressed on this site are opinions and should not be regarded as investment advice. Copyright © 2000, 2001, 2002 FallStreet.com