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Thursday September 30
Gold futures rise to five-month high CBSM
Nigeria concerns push oil to $50 Reuters
Putting the World to Rights Again Morgan Stanley (Roach)
Rato says willing to look at revaluing IMF gold Reuters
Help-Wanted Index is Unchanged CB
Chicago business grows at faster clip cbsm
Consumer Spending Unchanged; Personal Incomes Up 0.4% Bloomberg BEA
Jobless claims jump by 18,000 CNN
30-year mortgage rates edge higher CNN
Are Corporate Bonds Contradicting Treasuries? Bloomberg
Schaeffer on Charts: How Low Can it Go? Schaeffers
Decline in corporate borrowing helps keep interest rates low EPI
Does THIS Make You Want to Buy Stocks? Elliott Wave
The Dark Side of Alan Greenspan TexasH Mr. Bailout Mises
Goldman sees metals boom going on CBSM
Mining executives disagree on state of gold market Reuters
Gold Still "Ultimate Insurance" Gold-Eagle
Gold rush as mainland banks jump retail queue Standard
Without waiting for Beijing's approval, several banks have begun retailing gold bars to investors eager to seek alternatives to China's relatively low interest rate returns and battered stock markets.
Heating Costs for Natural Gas to Jump AP
Clearing Out Fannie's 'Phantoms' CS Monitor A Fannie smacking Pitt TR
The Fannie Mae mess is one for the books TheStreet
Fannie Mae Bonds May Fall on Report of Criminal Investigation Bloomberg
SEC Review of Lender's Accounting Continues WP
IBM to take $320m charge FT
GM aims for further cost cuts across company FT
Merck Withdraws Arthritis Drug Vioxx AP
Belo to Cut 250 Jobs, Mostly in Dallas AP
Is Pension Insurance the Next S&L Crisis? CATO
The hazards of some home-equity loans MSN
Some home owners struggle as real estate market booms Chicago Tribune
All in the Family CFO
FIN 46 made companies admit paternity of special purpose entities. But it also resulted in some surprise adoptions...
Stock funds finish Q3 in the red CBSM
The fabulous fifth CBSM (Brimelow)
Going Down With the Dollar CEPR PDF
The Cost to Developing Countries of a Declining Dollar
Foreign debt rises due to policy changes China Daily
Some say yuan peg may yield to politics ITH (BL)
IMF delivers triple whammy to Chancellor's forecasts Times Online
Warning of big fall in house prices Guardian
Consumer confidence dives as interest rate rises bite Guardian
Bank of England Sets Pace on World Interest Rates Bloomberg
French banks accused of overcharging IHT (BL)
Canadian economy falls short Globe & Mail
Wednesday September 29
U.S. stocks turn higher on surprise in crude supplies CBSM
Weekly Petroleum Status Report EIA
U.S. Economy Grew at 3.3% Rate in the Second Quarter Bloomberg BEA
Haute Con Job Pimco (Gross)
U.S. Notes Decline on View Yields Don't Reflect Growth Outlook Bloomberg
Dollar Falls; Fed's Hoenig Says Lower Currency Helps Trade Gap Bloomberg
Crude Trades Near Record on Concern Supplies May Fall BL
Is there life after $50 a barrel? How oil prices affect economy S
"This is a Saudi misstep; Aramco [the Saudi national oil company] said earlier that the additional production wouldn't be on line until the end of the year"
High oil prices could throw global economy into recession ABC
High oil prices may economy, won't cause recession: “experts”
“Every 10 dollars in (crude oil prices) drains as much as 0.5 percent from GDP growth and every penny at the pumps siphons more than one billion dollars from household cash flow."
Bubble in crude? CNN
Motorists Could Face $2/gal Gasoline Soon Reuters
Three steps and a stumble CSBM (Kellner)
Three increases in the federal funds rate and three straight drops in the index of leading economic indicators spell trouble for both the stock market and for the U.S. economy.
Earnings Forecasts: Gathering Clouds CFO
An analyst predicts a "tsunami" of downward revisions in cyclical stocks.
Bluster and Debt Fill the Sails of the USS Macroeconomy PBear
Correction? What Correction? Cross Currents
In the Face of Bad News, the Stock Market... Did What? Elliott Wave
Rate Drop Boosts Bond Issuance CFO
Health costs rising faster than incomes, study says USAT
The Truth About Jobs CNN
U.S. airlines bracing for turbulent season IHT (NYT)
Fannie Mae Whistleblower to Testify Reuters
Fannie Mae Restatement May Be on Tap CFO S&P Keeps Watch CBSM
Home Loans May Get Scarce NYP
Coke chief warns turnround will take 2 years FT
SEC accuses former NextCard execs of fraud AP
Cardinal to Delay Filing Annual Report CFO
Hockey Team's Accounting Questioned CFO
Starbucks to boost coffee prices in U.S. AP
Computer Associates to Cut 800 Jobs AP
BofA adopts VoIP to cut costs FT
Women Learned To Syffer Sleazy Side of Wall Street NYP (Crudele)
George Soros Bankrolls Voter Hunt in Swing States Bloomberg
Hedge fund bets boost foreign exchange turnover Times Online
C-Bank Survey of Foreign Exchange and Derivatives Activity in April 2004 BIS
Bailouts or Bail-ins? Responding to Financial Crises in Emerging Economies I
This is the most intelligent and comprehensive analysis yet of how the international community should respond to financial crises. . .
The IMF Con Paul
Call to cut greenback in Beijing coffers DJ FX Trading Asia Times
End to deflation may be near Yomiuri
Paris warns oil price could hit French growth AFP
Middle Eastern markets boom on the back of oil price surge FT
Shell closes Nigerian oil pump station Business Report Oct 1: “All Out War”
China eyeing investment in Alberta oil sands Globe & Mail
On top down under Economist
Dotcom dream ends for Thorn EMI research venture Guardian
Corrupt brokerage exec gets 11 years Japan Times
Asia Power -- China Joins Japan at G-7 Table Bloomberg
China finds itself in the odd position of being an underdog, but one with lots of leverage.
US to press China on currency fluctuation at G7 meeting: Snow AFP
Tuesday September 28
Moody's Puts Fannie on Watch TheStreet
Motorola to cut 1,000 jobs Reuters
Delta Air to Cut Pay 10 Percent for Most Workers Bloomberg
Consumer Confidence Falls for Second Consecutive Month in September CB
U.S. chain store sales mixed in latest week Reuters
NY crude tops $50 in late trade CBSM The threat of $50
Oil workers threatened in Nigeria BBC
OPEC head says no plans to meet CBSM
Cartel can't do anything to curb crude prices -report
Saudi Arabia to Up Production Capacity AP
Diesel fuel prices follow oil uphill USAT
Unchartered Energy Sea Simmons PDF
The US as a Net Debtor: Sustainability of US External Imbalances NYU PDF
Collision Course Morgan Stanley (Roach)
Crisis looms due to weak dollar China Daily
Hedge Fund Manager Opinion - The Housing Bubble HedgeCo
Is This House Worth $1.2 Million? Fortune
Schaeffer on Charts: Why Worry? Schaeffers
Large "Divergence," Large Move to Come? Elliott Wave
Pensions grounded? Boston Globe
Fuzzy Numbers Business Week
Despite the reforms, corporate profits can be as distorted and confusing as ever. Here's how the game is played
The Top 5 Turnaround Busts Business Week
Airbus CEO Accuses Boeing of 'Untruths' AP
The SEC's Proposal for Regulating Hedge Funds AEI
Recent fiscal policy in selected industrial countries BIS
New mortgages fall as housing market stumbles Times Online
Australia at the forefront of housing bubble WSWS
Sky-high real estate may be making resurgence in Hong Kong AP
The management's hand in China's stock market CE
Deutsche Bank under investigation BBC
The Dow Closes Below 10,000 TheStreet
Monday September 27
Crude Oil Jumps to Record $49.47 on Threat to Nigerian Supply Bloomberg
Opec 'is losing power to control oil prices' Gulf News
Sales of New Homes Rebound, But Underlying Trend Is Soft NT PDF
Watch out for the hurricane named Fannie MSN (Fleck)
Buy and Hold? Cross Currents
Valuations and Risk-Adjusted Returns Hussman
Investors Try to Gauge Consumer Jitters AP
Risks faced by the global economy Business Line
Look Both Ways: A Bearish Fed? CFO
Treasury bond yields puzzle investors FT
Signals mixed on US interest rates CS Monitor
Banks Start Courting Savers Again Wall Street Journal
Pricey home, dicey mortgage CS Monitor
“People act like we're going to run out of homes - if they don't buy now they'll be left out forever...â€
Valley housing market cools slightly Desert Sun
Even at 0%, 6-year car loan could be bad idea USAT
It's a shock to the consumer: 'Wait, I've been making payments three years, and now you're telling me I still owe more than the vehicle's worth'?
The Democrats, social security and the equity premium puzzle Brookesnews
43% exhaust benefits before finding work JS Online
Nanotech and the pitfalls of specialty funds MSN
Beware of investing in the hot new thing. Remember the Internet fund craze?
Commerce One: Poster child for dot-com collapses ComputerWorld
Fannie Mae Directors Agree to Correct Accounting Treatments Bloomberg
Analysts' magic valuation formula is a hoax MSN
If the hedge won't grow it gets the chop Guardian
Martha Plays Flipper NY Post
Exposing Execs' "Stealth" Compensation Business Week
Thousands allege firm ran a scam Miami Herald
Hurricane Jeanne May Cost Insurers Up to $14 Billion, Rivaling Charley BL
Gas Prices Jump As Ivan Disrupts Supply AP
Gold May Rise on Concern Oil Will Spur Inflation, Survey Says Bloomberg
Edgy Gold Investors Looking for Comfort Reuters
Japan's Nikkei Set for Longest Losing Streak Since Dec. 2002 Bloomberg
German Business Confidence Falls, Suggesting Slowdown Bloomberg
Wittgenstein has the answer to house prices Independent
Myths of the Asian economic crisis still dominate Brookesnews
As Japan recovers, rates may thwart debt plans BÂ Zero interest rates Asahi
Mexico Raises Interest Rates for 6th Time This Year Bloomberg
Commodities ride China's coattails NYT
China goes global to feed its resource appetite Globe & Mail
China issues more than 700 million bank cards People’s Daily
Putin Says State Firms Can Buy Yukos Assets Moscow Times
Financial regulator doubles total fines Times Online
Lawsuits hit non-US companies FT
Weekend Edition (Sept 25-26)
Jeanne leaves Floridians powerless CNN
Wall Street awaits oil impact on quarterly earnings AP
Soaring Oil Prices Undermine Market WP
Needed: three 1-billion-barrel oil banks HChron
Is The World Facing a 3rd Oil Shock? IEA PDF
Natural Gas Price Likely To Increase NYP
Oil prices put shares over a $50 barrel Daily Telegraph
Reading Fannie Mae's Scary Cookbook NYT (Morgenson) (R)
Fannie Mae Scandal is Democrats™ Enron NYP
The New Silicon Valley: A Dog-Eat-Dog World NY Times (R)
Running Money Mauldin
The Trial and Tribulations of Risk Intermediation Folly PBear (Noland)
Amazing SPX Complacency Zeal
The Aden Forecast (on Gold) Howe
The Disastrous History of Money : Part 5 - Credit Tustain
Does anyone want U.S. exports? Norris
Tax Breaks Don't Boost Investment: Study CFO
How -- and When -- to Be A Contrarian Elliott Wave
US regulator says Fannie Mae resisted probe-report Reuters
Why Are Rating Companies Surprised by Bad News? Bloomberg
US protests Jakarta™s action on Newmont FTGG
Google Conforms to Chinese Censorship Reuters
Wal-Mart Holds Sales View for September Reuters
Silicon Valley jobs recovery to take until 2010 Reuters
Hedge Funds Ponder New Ways to Make Money Reuters
Oil prices dash airlines' hopes for profitability Globe &Mail
Friday September 24
Crude Oil Rises to Record Close of $48.88 as Ivan Cuts Supplies Bloomberg
Freddie Mac Cuts 2003 Profit Reuters FM
Orders to U.S. Factories for Big-Ticket Goods Drop in August AP Census
Searching for Growth Morgan Stanley (Roach)
Technical Indicators Breaking Down Comstock
Schaeffer on Charts: It's All Relative Schaeffers
Had it [the Dow] been trading at its normal relationship to the SPX over the past 20 years, the DJIA would currently be sitting below 9000. Do you suppose this would have put a damper on the "bull market is back" talk?
The Great Inflation Financial Sense
Part 1 The Nature of Money
Bonds Looking for Love in All the Wrong Places Bloomberg (Baum)
Inflation - From Fear to Complacency MS (Berner)
Tired bull approaches a birthday Norris
Five horsemen of the apocalypse Mineweb
The $300 billion bonanza Economist
What might oil producers do with all that extra cash?
Presentation: Running Out of Gas CIBC PDF
Does the Fed Control Interest Rates? Elliott Wave
President™s Team Finds a Way To Spend More AP
The fourth tax cut bill in as many years
Inventory to Drive 2005 Downturn Electronic News IC Insights
Philips Lowers Chip Sales Forecast on Waning Demand Bloomberg
General Motors Fears Health Costs Might Swamp It Bloomberg
Cadbury Says Annual Results to Be at Low End of Range Bloomberg
Regulators May Oust Fannie Management AP Kicked in the Fannie CBSM
Critics say mortgage giants grew too big and too fast WP
Insurers hit by storm costs CBSM
$ Converium Seeks Lifeline From Buffett $ Wall Street Journal ($) CHR
US Airways to seek 'interim relief' order WT
SBC fails to find buyers for $1bn rural phone lines FT
Morningstar Says SEC Is Investigating Incorrect Data for Fund Bloomberg
GE settles with SEC over disclosure of Welch perks IHT (BL)
SEC Mulls New Charges against AIG CFO
Proposed Bailout of Trump Casinos Shelved AP
Wall Street Dip Trouble For NY NYP
Once valued at $20 billion, dot-com darling poised to go out of business AP
Forbes List Has Most Billionaires Ever AP Forbes
Program Trading Averaged 59.8% of NYSE Volume during Sep. 13-17 NYSE
Book Except: The Death of Demand Inform IT Amazon
Is Market Demand the Lifeblood of Capitalism?
The ambition of many generations that pushed for more has unwittingly killed demand. The lifeblood of capitalism is dead, the victim of hundreds of years of progress. A century ago expectations were low and sacrifice was high. Now...
Who hurts if China breaks? CNN
Most analysts think the economy will land softly. It had better -- an awful lot is riding on it.
China to discuss currency policy with G7 nations Xinhau
China clamps down on rogue steel mills FT
Dead firms walking Economist
Japan's unproductive service industries are holding back its improving economy from achieving even better performance
EU looking into Greek debt figures IHT
German banks see rift with EU IHT
Property shares rocked by double profits warning Telegprah
Internet brokers come bearing gifts Asahi
China's new wealth clashes with party-boss influence CS Monitor
China's tripling gold demand WND
Europe's central banks ready to offload gold R/Bvom
Last tranche of gold sales Swiss
More rate hikes in the pipeline: FOMC CBSM August FOMC Minutes
Thursday September 23
30-year mortgage rate at a five-month low AP
Oil Prices Climb Despite Gov't Statement AP
Gold climbs back to a three-week high CBSM Kitco
Leading Index Falls Again for the 3rd Consecutive Month Conference Board
Jobless Claims Rose by 14K to 350K Last Week on Hurricanes Bloomberg
Oil dips on U.S. reserve requests Reuters
Don™t Worry, Here™s Why I am Sure Stocks Will Rebound NYP (Crudele)
The Fearful Economy CATO
The Recovery AEI (Makin)
Three Years On
The Dollar Cycle Reaches Dornbusch's Stage 2 DeLong
'Little hope on Wall Street' Times Online
“To say that Wall Street is in the doldrums is the understatement of the year.”
Three Financials Behaving Badly Fool
Zombie investors haunt America Farrell
The Bond Market Is Headed for a Rude Awakening Bloomberg
History Shows That Rallies Often Flag In Their Third Years Business Week
Monetary Policy In The Holiday Season Since 1980 NT PDF
Republicans Push Ahead to Extend Tax Cuts AP
Annual unemployment insurance exhaustion rate at highest level in 60Y EPI
Latest Corporate Bankruptcy Strategy a Death Knell for Pensions? Wharton
New blow to airline sector FT Airlines.org
The performance of the struggling US airline industry in August was far worse than analysts had expected
There's buzz about Oprah's big car giveaway, but not about Pontiac G6 Det FP
GM was split on Oprah deal; some tried to stop costly car giveaway Crains
GM Three-Day Deal Offers Six-Year 0% Financing Forbes
IBC: Who Was and Was Not "Surprised"... and Why Elliott Wave
SEC to Investigate Lender Fannie Mae Forbes
Blanchard Files Class Action Suit Against Barrick, JPM GATA SaveGold
Merrill executive denies sex bias Reuters
Former Computer Associates CEO Indicted TheStreet
NYSE Announces a $19M Agreement with M.Stanley NYSE Short Interest Up
Rumsfeld Sold Stakes in Pentagon Contractors Reuters
Tech execs fly in to lobby Senate on accounting change SF Chronicle
Rule Could Force Early Asset Booking CFO
IMF: Hedge Funds Can Do More To ‘De-Mystify' Industry Compliance IMF
The poor man's gold, silver expected to shine Globe & Mail
China overtakes United States as top destination for foreign investment AFP
Germans accelerate stock withdrawals Reuters/B Japanese return to stocks
Has Britain™s Bubble Burst? Mirror
Household credit a risk: RBA TheAustralian
IMF: World Housing Prices May Fall as Interest Rates Rise BL IMF Report
Land price rises seen propping economy Asahi
The average residential land price in Tokyo's eight central wards as of July 1 rose 0.3 percent from a year earlier, posting the first rise in 17 years
Plan to sell mortgage backed securities Standard
It's the first time that Hong Kong retail investors have the chance to invest in Hong Kong dollar denominated MBS
Oil's not well for Shell directors Times Online
New Charges Filed Against Berezovsky Moscow Times
Iran defiant on nuclear work AFP Report: NK readying missile test AP
As Inflation Bubbles Up, Stocks Fall TheStreet
Wednesday September 22
Stocks Take a Pounding - Treasurys rally after breaching 4% - Oil Tops $48
Twisting the Yield Curve Without Even Trying Bloomberg
Big Tobacco Disputes Conspiracy Claim AP
Troubled Yukos cuts production Reuters
Oil climbs CBSM DOE Supply Situation ~ Text
PFC Energy’s Global Crude Oil and Natural Gas Liquids Supply ForecastPDFLink From ODAC (Thanks L.K.)
New Forecast: Oil Supply-Demand Tipping Point Within A Decade
Peaking of World Oil Production (June 14) SAIC PDF
Oil: It’s Supply And Demand, Stupid! PBear
Fannie Mae Says Regulator Finds Accounting Missteps Bloomberg FNM
“The matters detailed in this report are serious and raise doubts concerning the validity of previously reported financial resultsâ€
The Economy: Does it Have Traction or is it in Traction? Comstock
Inscrutable Greenspan MoneyWeb
Fed Now Focuses on How Fast, How Far for Rates Berry
Dollar Trades Near 1-Month Low Versus Euro After Fed Statement Bloomberg
Money funds may finally hit 1% CBSM
The bond markets speak Economist
Bonds and 'flation Saville
Dow Theory doldrums? CBSM (Brimelow)
Richard Russell growls about divergence and non-confirmations.
Prediction: The future of the USA stock market UCLA (Sornette)
Gold Being Thwarted Schaeffers Aden Sisters
San Diego's Sea of Fiscal Woes Business Week
The city's pension fund is more than $1 billion short, its bond rating has been downgraded -- and none of the remedies is pretty
San Diego Report Depicts Public Pension Meltdown Bloomberg
Help me make it through the Notch View From Silicon Valley
Strong Wall Street earnings mask a deeper malaise IHT (NYT)
Morgan Misses CBSMÂ Bear Stearns Q3 net falls
Wendy's Cuts 2004 Profit Outlook Reuters FedEx in Line ~ Cisco Cut
Twinkies, Wonder Bread Maker Reportedly Files for Bankruptcy Protection AP
General Motors to cut 3,000 European jobs - report Reuters
Disney Board Wants An Eisner Successor By June NYP
Caterpillar's Big Trucks Roll as Brazil Fills China Metal Needs Bloomberg
Komatsu has so many orders that the usual delivery time of three to four months for a mining truck now stands at nine to 11 months
Credibility is to Journalism as Money Is to the Stock Market Elliott Wave
Push to Block Stock Options Rule Renewed AP
Morningstar rating plan sparks controversy FT
Brokers versus advisers SF Chronicle
What's the difference between a broker and an investment adviser? That's the question at the heart of a rule the Securities and Exchange Commission proposed almost five years ago but has never acted upon, even though it affects legions of investors.
Rose admits to 'dismal' M&S sales Guardian
Russia: Some worry economic boom can't be sustained CNBC
Top Executive of Yukos Enterprise Gunned Down in South Russia Mosnews
Yukos called to honour oil commitments People’s Daily
Citibank in Japan: Crime and punishment Asia Times
Jeanne blamed for 700 deaths in Haiti CNN
Tuesday September 21
FOMC Statement FEDÂ 25 bp rate hike
Lucent Cutting Retiree Benefits Again Reuters
Aug. Housing Starts Rise 0.6% to 2 Million Pace Bloomberg Census
General Mills Misses Reuters Goldman ~ Lehman
Marts Give Bronx Cheer to Fed Chief Greenspan NYP
When will the Fed catch its breath? CNN
Death, taxes...and a quarter-point Fed rate hike
Reassessing the outlook for US yields RBCÂ PDF
So what are the lessons for today? Well, for the 19th century UK, substitute the present-day US, and for Germany, China. (p7)
Greenspan, bond market file for divorce CBSM
Greenspan gambling on economic growth Newsday
pro and anti-Greenspan pundits do agree on one thing - a big chunk of the 78-year-old chairman's 17-year Fed legacy is riding on his latest bet.
After He Steps Down, Who Will Step Up? WP
Low credit card rates getting rare USA Today
‘Comrade' Faber Says China Will Save the Dollar BL Faber Speaks
“We'll choose the perfect timing when geopolitical tensions are such that they're very conducive to have an economic crisis in the U.S. We'll also suffer, but far less than the Western world.â€
I.M.F. Chief Sees Potential Hazard in U.S. Fiscal Policies NY Times
“We believe such a large imbalance is a risk not only for the United States economy, but for the world economyâ€
Occasional Report: Should You Act on US Current Account Fears? CIBC PDF
Weimar and Wall Street Mises
Closer To The Cliff Rostenko
Lack Of Parallel To 1970 Decade Gold-Eagle
Welcome to the bankruptcy economy MSN (Jubak)
Politics & the Market: A "Clear-Cut" Link? Elliott Wave
Developers Consider Rules to Keep Speculators Out of Housing Market News10
There are fears that the practice is artificially accelerating the upward spiral for home prices in Sacramento
Analysts: 2005 could be a winner USAT
Apparently tired of explaining why the market has stalled this year, Wall Street gurus have started sending reports to clients listing reasons why stocks are likely to spike higher in 2005.
A Make-or-Break Week for Semiconductors Shaeffers
Silicon Storage Cuts 3Q Earnings Outlook AP
Regulators Find Evidence of Earnings Manipulation at Fannie Mae AP
Fannie Mae's Board Briefed on Troubles WP
Financier was grim reaper: Market-timing crime profited after 9/11 BHerald
The Pressing Need for Corporate Pension Reform AEI
Battle Heats Up Over Stock-Option Rules AP
Hardly Ready for Sarbanes-Oxley Business Week
International Accounting Standards AEI
The Committee urges the SEC, and if necessary the U.S. Congress, to address this issue now before a financial reporting war breaks out between the United States and the European Union.
Precious Metals Consensus Comparables Aegis
BOJ to end scheme for buying shares from banks Reuters
Asia powers global growth, but the risks are many IHT (Bloomberg)
China: A Major Correction Ahead Morgan Stanley (Xie)
Mortgage lending falls to two-year low Times Online
An empty pot of pension gold Times Online
China's foreign trade to reach 1 trillion US dollars in 2004 People’s Daily
China import wave jams ports, rail Globe & Mail
Some companies are even starting to reassess their decision to buy cheap merchandise from China, looking for alternative supply sources because of the clogged routes...
Ouch: Households savings drop for 4th year in a row Asahi (Japan)
Bankruptcies rise to record level Swiss Info
Hardie probe slams executives ABC
Time to Call a Boom a Bubble, And Wonder What Will Pop It All Africa
Al Qaeda seen planning for 'spectacular' attack UPI
Treasury pressing China to float yuan UPI
Monday September 20
Builder Confidence Down, But Not Out In September NAHB
Don't confuse a stock with a business CBSM
When I worked at TheStreet.com, Jim Cramer and I had a running disagreement: He said stocks don't lie. I said they did. This came to a head...
HP Buys Back $1.3B, Announces Plan to Buy Back $3B More Reuters
Colgate-Palmolive warns ~ PMC-Sierra warns ~ NYT Warns ~ Oil Above $46
Wall St. Worried About Fed’s Rate-Hike Religion NYP Berry
Low interest rates begin to fade away Det FP
Inside the Fed's Head TheStreet
Analysts' opinions on rates varied, altering USAT
Economic Risks are Increasing Hussman
This four-indicator combination has appeared immediately preceding or very shortly following the start of past U.S. recessions. False signals are rare
Under tech’s hood, things don’t look so good MSN (Fleck)
The chip industry says the soft patch is just a one-quarter event. But if 'absolutely everyone' is saying the same thing, odds are the problems are deeper than that.
Why 2004 is unlikely to become another 1994 Independent (King)
There can be no soft landing Guardian
The bullishness of that [IMF[ assessment virtually guarantees that something is about to go wrong soon...
Is the huge U.S. deficit sustainable after all? IHT (NYT)
"The counterweight is that the United States and its main trading partners have a vested interest in the status quo."
When Politics Matter Morgan Stanley (Roach Richard Berner
The Bush economic boom is going to teach us another lesson Brookesnews
Presidents Don't Pull All the Strings WSJ
A Reality Check on the Global `747 Economy' Bloomberg
The Booming Economy? Chapman
As Income Gap Widens, Uncertainty Spreads WP
Stock market crashes and free markets Brookesnews
Veteran letter editors remain cautious CBSM
Samsung sees chip growth halving CBSM
Another blow for Citigroup FT
First Enron Criminal Trial Begins Today CFO
Merrill, Stung by Gordon, Chases Goldman in Energy Bloomberg
Hot Stock is All Wet NYP (Byron)
Lifespan crisis hits supersize America Guardian
Gold May Gain as Hedge Against Rising Oil Prices, Survey Shows Bloomberg
Argentina Replaces Half of Central Bank's Board Bloomberg
The peso tumbled as much as 1.1 percent as analysts said Kirchner is replacing half of the bank's board so he can have more control over its decisions
Yukos Slashes Exports to China Moscow Times
Sakakibara warns of Japan fiscal crisis CBSM
'Mr. Yen' also weighs in on China's yuan peg to the dollar
Japan struggles to find itself after Lost Decade CBSM
The monetisation of Japan’s government debt BIS PDF
Record 25 million Japanese over 65 Japan Times
Hardie may face US charges Sunday Times
Unilever Cuts Profit Forecasts on Sluggish Sales Bloomberg
Classic guerrilla war forming in Iraq CS Monitor
Weekend Edition (Sept 18-19)
Step Right Up and Beat the Numbers NYT (R) (Morgenson)
Amazing, isn't it, how investors still reward companies for pulling out all the stops to meet or exceed the financial results they promised?
Storm-Tested Wall Street Set for Earnings Reuters
Lack of Wall Street sage adds to market funk? USAT
Paper:US Airways Loses Loans for 100 Jets Reuters
The defaults may force a taxpayer bailout of the privately funded entity NY Post
House of the Rising Sum Washington Post
China, Storms, Oil Send Building Costs Through the Roof
Is it high time for reality check? Boston Globe
Developers, analysts disagree over whether there's a bubble ready to pop in the local housing market
A smoke ring? That'll cost you $280 billion Economist
The federal government launches its lawyers against the United States' leading cigarette makers
Complacency and the Rain Dance for Money PBear
Greenspan's Legacy? Worldwide Debt Folly Financial Sense
The Zero Bound Dilemma Mauldin
A Case of Panic Now, Not Later Smithers
Stock market returns over the next 10 years or so are set to be very poor.
Q2 2004 “Flow of Funds†PBear (Noland)
Tactical Gold Trends 2 Zeal
Have Gold Traders Stopped Watching Inflation? Bloomberg
What really drives the Gold Price? FSO
FBI: Mortgage Fraud Is Rampant in U.S. AP FBI
Bubble trouble Money Magazine
Real estate will make you rich, eh? If everyone thinks so, how can it be true?
Homeowners should not think they're bubbleproof Globe & Mail (Free Reg)
Investing: Hedging in a bubble IHT (BL)
The Paralysis of Choice? Elliott Wave
Is it too far-fetched to suggest that, when faced with 8,300 choices, investors would rather do nothing, and in their paralysis cling to the hope that the bull market will come back?
The Week Ahead: Globalization and Oil Demand CIBC PDF
The US Outlook IIE PDF
Growth has slowed because of high oil prices and a weak labor market, but it should continue. How much slack remains in the economy?
Weekly Leading Index, Sentiment Slip ECRI (Reuters)
Job growth lags Bush Administration projections in 48 states JobWatch
Wal-Mart Backs Sept. Sales Targets Reuters
Legal Advice Faulted in Late Trading TheStreet
S&P warns UK banks at risk from economic slowdown Scotsman
Cloak of confidence may not ward off crisis Guardian
Yen Declines for 3rd Week in 4; Japan May Resume Currency Sales Bloomberg
Friday September 17
Consumer sentiment slips in September CBSM
Complacency and the Rain Dance for Money PBear
Crude Oil Gains as Storm Jeanne May Disrupt U.S. Gulf Output Bloomberg
Jaguar to Cut 1,150 Jobs Reuters Cisco Downgraded - Ebay Downgraded
Dollar on Hold as Doubts Grow Over Fed Reuters
CBOT Fed Watch - September 2004 CBOT
Productivity Endgame? Morgan Stanley (Roach)
End of the Soft Patch? Comstock
Days of 20% Profit Growth Are Over TheStreet
It could take four years for stock valuations to drop WSJ
To get to the point where stocks are reasonably valued, I figure we will have to wait until May 2008.
The American consumer will decide how fast the world begins to slow down Inde
California home sales were down in August, but prices hit record high AP DQ
The chronic problem of declining health coverage EPI
Retirees want their money back Beacan J
Chip tool orders fall in August CBSM
Shipments drop for first time in 14 months
Ford Boosts Profit Outlook Reuters
Judge Says Microsoft to Pay $112 Million AP
Delta auditor issues Chapter 11 warning Accounting Age
Schwab Says Customer Stock Trading Down Reuters
Texas Instruments approves $1B stock buyback AP
Citigroup Ordered to Suspend Four Japanese Branches After Breaching Rules B
The suspension starts on Sept. 29 and lasts for one year
Hedge Funds To SEC: Who Made You Boss? NYPÂ MFA
Hedge Fund Short-Sale Tactic Faces Uncertain Future TheStreet
Automakers sweeten car lease deals WSJ
All this comes at a time when industry auto sales have been softening during the past few months, on signs of a weakening economy.
New Pickup Makes Hummer Look Rather Puny AP
Edwards Mocks Cheney for EBay Comment Guardian
“He said people are selling a lot of stuff on eBay. When we count the bake sales and lemonade stands, we'll have a roaring economy''
Here's what happens if you don't play the credit gam HC
Currency Crisis Means Bull Market for Gold & Silver 321Â A Scary Vision sH
Japanese Bonds Rise as US Reports Increase Concern Exports to Slow BL
Potential Roadblocks For China's Economy  Forbes
Brazil 17% Interest Rate ‘Not That High,' Levy Says Bloomberg
German August Producer Prices Rise Most in 3 Years Bloomberg
New textile rules a boon for India, China - or not Asia Times
Tesco poised to sell mortgages with groceries Times Online
Prison call for Japan executive IHT (BL)
EBay China site ready for Friday launch People’s Daily
US says invasion was legal BBCÂ Annan Says Illegal BBC
Bush rejects bleak Iraq intelligence assessment FT
Far graver than Vietnam Guardian
U.S. Inspector: Iraq Had No WMD AP
U.S. Says New Images Show Iran Plans Nuclear Bomb Reuters
Ivan skirts Gulf's oil 'refinery row' USAT
Insured losses from Ivan could hit $7 billion Reuters
Ivan Leaves About 1.6 Mln Without Power in U.S. South Bloomberg
US Treasury's Snow repeats support of strong dollar Reuters
Thursday September 16
Gramlich: Oil Shocks and Monetary Policy FED
Philadelphia Fed Index Falls To 13.4 PFed
August Consumer Prices Rise 0.1%; Core Up 0.1% Bloomberg BLS
Initial Jobless Claims Rose 16,000 to 333,000 Last Week
Hurricane Ivan Slams U.S. Gulf Coast, Kills Two R
Oil Rises on Concern Ivan May Cut Inventories Bloom
Ivan's dollar punch getting stronger CNN
Ivan Menaces Alabama Cotton, Peanut Crops AP
Ivan could be terrible for agriculture CBSM
Web Cam from Cape San Blas
Lumber prices continue to soar JS Online
Storm surge AP
The run at hardware stores for plywood and generators during the past month of hurricanes in the South has left manufacturers scrambling to meet the disaster-related demand
Warnings pile up: Estimates 'got too high' USAT
Nortel Cuts 3rd-Quarter Revenue Target Reuters Nortel
EDS: U.S. Air Bankruptcy to Cut Its Profits Reuters
Worries About A Slower Second Half Are Growing AP
Goldilocks Economy It Ain't. So What's Missing? Bloomberg (Baum)
Global financial system is shock-proof, says IMF Guardian
“While it is obviously feasible that one or the other financial institution, such as a hedge fund or even a bank, might succumb to serious mistakes in risk management or to outright fraud, such incidents should be isolated cases with limited, if any, contagion to the system as a whole.â€Â IMF Report ~ PDF
Study Finds U.S. Companies Shifting Profits Overseas ABS (NYT)
What If $110,000,000 is the Payment You Don't Make? Elliott Wave
The Ratings Game AEI
You cannot be widely accepted by the predominant users unless you are an NRSRO, but you cannot become an NRSRO unless you are already widely accepted!
Time is Money North
Delta fuels fears of bankruptcy FT
Tech Can't Sidestep Latest Land Mine TheStreet
Crunch Time for the Semis Schaeffers
Domestic auto market share under 60% USAT
Forces of Nature Eating into Restaurants’ Profits NYP
In recent weeks, butter prices tripled, fresh berries have quadrupled and even ordinary rice is up 37 percent for the year. Double-digit hikes also hit prices of turkey and beef, as well as a wide range of produce, such as red-leaf lettuce, up 60 percent
Barrick Gold ratings put under review Globe & Mail
I.B.M. Shrugs Off Loss of a Service Contract It Once Flaunted NYT (Morgenson)
Coke Leaves a Bad Taste on the Street BW S&P Downgrades KO BW
Privatizing Fannie, Freddie, and the Federal Home Loan Banks AEIÂ PDF
Just How Risky Are Fannie and Freddie? Business Week
Pimco Advisers in Second Settlement Street Schwab Settles AW
Citigroup, 3 Others Face SEC Bonds Probe Reuters
Fleming, Suppliers Settle with SEC CFO
IRS's Scott Predicts $100 Mln in Muni Bond Penalties Bloomberg
Infineon fined $160m for chip price-fixing FT
DoJ has been investigating the D-Ram market for over 2-years.
Blodget on Martha Slate MarthaTalks.com
Hedge funds' returns tumble FT
Trading Places: QQQ Jumping From AMEX to NAS NYP
FASB Hears New Options Approach CFO
America loves to hate dastardly CEOs USAT
Gold prices may increase, says GFMS BR GMFS Highlights PDF
Central Banks To Announce Gold Sales GAMÂ PDF
The Federal Reserve Board: Its Origins, History, and Current Strategy Howe
Emerging Markets Vulnerable to Fed Rate Increase, Fitch Says Bloomberg
On Track for Strong Growth in 2004 But Worries About 2005 IIE
Brazil Raises Benchmark Lending Rate to 16.25 Percent Bloomberg
SNB Raises Key Interest Rate as Economy Recovers Bloomberg
Japan Bailout Agency to Audit Daiei Books, People Say Bloomberg
Report: Japan May Sanction Citibank Reuters
Inflation headache for bankers China Daily
"The negative real interest rates have fuelled a bubble in the property market"
Auto output forecast drops sharply China Daily
Venezuela says oil prices could hit $100 a barrel AP
House prices? In Italy, too, people talk of little else New Statement
Wednesday September 15
Industrial Output, New York Index Rise Bloomberg
Martha Stewart Ready for Jail TheStreet
Hurricane Ivan packing 160-mph winds as it nears U.S. CBSM
Oil rises on inventory drain CNNÂ OPEC to boost oil production AP
Industrial Production up 0.1% FED
Mortgage Applications Fell Last Week Reuters
Dollar Stalls as Focus Shifts to Fed Reuters
The Myth of Negative Sentiment Comstock
Technology Stocks Getting Squeezed Schaeffers
Phase One Of Fed Tightening Is Nearing An End NT
Fed Will Lift Key Rate in Sept, Nov, Economists Say BL
CBOT Fed Watch CBOT
6% for No Change versus 94% for +25 bps
U.S. economy still soft: Rosenberg Globe & Mail
“I can't find a time when the Greenspan Fed was tightening in this sort of environmentâ€
Second-guessing the Fed CNN
Has the economy's 'soft patch' passed? Is inflation about to pop? The bond market doesn't think so.
U.S. Treasurys Nearing A Critical Point BCA
Is Inflation Truly a Threat? G. Shilling
You Call That a "Security"?? Elliott Wave
Kingdom of the Rain Safe Haven
Back And Boring As Ever... Rostenko
The (vast and unappreciated) role of luck in investing Blodget
What's Next For Auto Incentives? Will GM Pay You To Take A Car? NT
Current Account Deficit Largest On Record
GM Chief: Auto Maker Seeks to Cut Costs AP
Ford to close Jaguar plant Reuters
Bush's agenda could top $3 trillion WP
Washington State: Voters to Face $1 Billion Sales Tax Hike ATR
Fed up with pension defaults USAT
The Coming Pensions Crunch Business Week
High-Tech Market Has Lost 400,000 Jobs AP
Watch for Those Late-Summer ''Delayoffs'' CFO
These are real job losses, not theoretical future hires
Big Problems at Coca-Cola TheStreet KO
Chips' Flavor Isn't Lasting TheStreet
Celestica profit warning surprises markets Globe & Mail
Cisco Systems and Hewlett-Packard are two of Celestica's largest clients.
Investors choose to ignore warnings CBSM
It's almost as if Enron and Worldcom never happened.
Levi's tries to sew recovery together KR
SEC Censures Schwab on Late Trading TheStreet
Former Broker Pleads Guilty to Cheating Clients Out of Millions of Dollars AP
Small investors get no respect on Wall Street USAT
Market caters to the wealthy while nickle-and-diming small investors
Soros Investment Officer Goldfield Leaves to Start His Own Firm BL
Shell inquiry widens as attention turns to executives Times Online
Price of gold manipulated, Embry says Financial Post
Central banks dumping: Sprott manager ruffling feathers on Bay Street again
Defined Contribution Plans Increase Retirement Age NCPA
Flat period 'may persist into 2005' FR Merrill: Money managers sit tight G&M
Global stocks could show little change in the next six to nine months, following historical trends, according to Goldman Sachs & Co strategists
Homeowners told house prices could fall by 30% Guardian Nickell Speech
China Will Probably Lift Interest Rates This Year, Survey Shows Bloomberg
China executes bank staff for fraud Reuters
China executed four people, including employees of two of its Big Four state-owned banks, for fraud totaling $15 million
A$ climbs above US70¢ Financial Review
SESC targets Citibank over bond misdeeds Japan Times
US appears headed for showdown with Iran over nuclear issue AFP
Foreign governments finance a growing share of U.S. trade deficit EPI
Asian governments made 80.7% of all government purchases of U.S. assets in the first half of 2004
Getting Sucked Into the Trade Gap Business Week
Record Deficit for a Crucial Trade Figure NYT (R)
"I really believe we have a disaster scenario in the making"
Growth outside US too slow: Snow Dow Jones
Tuesday September 14
Direct Hit by Ivan Could Sink New Orleans AP
Bill Gross: “At 4.15 percent, it's fully priced†Bloomberg
Crude Oil Rises on Hurricane Ivan Bloomberg OPEC members Split Reuters
It's the oil, stupid CNN/Money
GM, 'Oprah' team up to give away cars Det FP
U.S. August Retail Sales Decline 0.3% Bloomberg Census
U.S. current account deficit tops $166 bln CBSM
Record reading grows nearly 13% from Q1
Dollar Declines as U.S. Trade Deficit Swells, Retail Sales Drop BL
Foolish Fed Yielded To Politics Over Economics NYP (Crudele)
Fooled by the Numbers Mises
Good News, Bears? Schaeffers
Stocks are poised to reverse lower, they want to reverse lower, and frankly, I think they need to reverse lower to shake some of these happy-go-lucky bulls out of their fantasy land.
Housing market leveling off due to high prices, more inventory SanDiego Source
U.S. Fourth-Quarter Hiring Plans Little Changed, Manpower Says Bloomberg
Saudi Minister Says Oil Markets Are Well Supplied Bloomberg
The Incredible Lightness of Being OPEC Business Week
Pension Agency May Go Broke by 2020 Reuters
US Airways to Skip Pension Payment Reuters
Outstanding Flight Operations During First Day Of Chapter 11 US Airways
Deny US airlines their Chapter 11 life support Independent
On Capitol hill and beyond, the airline lobby remains a remarkably powerful force.
"Bearish" AFTER a Stock Loses Most of Its Value? Elliott Wave
Disney Dissidents Want Eisner Gone Sooner AP
LSI Cuts 3Q Revenue, Profit Views Reuters
Krispy Kreme quarterly report delayed AP
Office Depot warns of earnings miss CBSM
Cardinal delays results, warns on early '05 Reuters
Pimco reaches SEC settlement FT
Black sues Toronto magazine Toronto Star
Citigroup apologises for controversial bond trades FT
NASD Expands 529 Plan Probe TheStreet
Economics of NHL lockout CS Monitor
Wall Street confronts a different depression NYT
A survey conducted in 2000 - the only known study of its kind - concluded that 23 percent of brokers and traders at seven of the largest firms on Wall Street suffered from clinical depression, a rate far above the national average of 7 percent.
Hedge funds may be too hot NYDÂ Pension-fund billions for hedge funds CBS
Schaeffer on Charts: A Golden Opportunity? Schaeffer
Italy cenbank says no plans to sell gold reserves Reuters
Dutch to sell 150 tonnes of gold in coming years Reuters
Financial Stability Forum held its Twelfth Meeting BIS
China seen entering already brutal DRAM market CBSM
Plus Four of 10 chip firms out by 2014, says Gartner
CEO: Nortel Can Compete With China Rivals AP
"Our (industry's) strength in North America, is that we have a sense of [accounting?] creativity and innovation that you don't find elsewhere"
Multinationals setting up shop in China to tap scientific brainpower JS (NYT)
German Investor Confidence Falls to 15-Month Low on Oil Price, Job Concern BL
Hedging Currency Risk: Billion-Dollar Question For European Investors ING
Emerging Markets Absorb Surge In Bond Supply With Shrug Dow Jones
India's Playing ‘Musical Chairs' With Inflation Bloomberg
China's banking industry faces four major problems People’s Daily
Gas shortage threatens blackouts this winter, warns Tullow Independent
Argentina Rejects Request to Negotiate BL Argentina up against the ropes FT
Moscow weighs ruble priorities AP/R
More Searches Conducted in Moscow Office of Yukos Mosnews
Putin to strengthen Kremlin’s control FT
Monday September 13
U.S. deficit at record high with a month left Reuters Treasury Dept
Oil Prices Jump on Fears of Ivan's Path AP
The Bear's Lair: Where will we be in 2008 UPI
Dollar Drops; Fed's Bies Says There's `No Urgency' to Lift Rate Bloomberg
“We're not hitting all cylinders yet, and that gives us a little bit of time.''
Time Inconsistency Hussman
The 'recovery' is living on borrowed time MSN (Fleck)
The US economy is the next 9/11 Faber
The Corporate Paradox Morgan Sranley (Roach)
How much to put in stocks? Try zero. CS Monitor
Housing market has all the classic 'bubble' characteristics Pioneer Press
If the comparison between home and rent prices were to revert to what is typical, Rosenberg says, home prices would drop 15 percent next year or stagnate through 2011.
Chart of the Month Cross Currents
Keep an eye on the yield curve CBSM (Brimelow)
Could the flattening yield curve signal a problem?
US Airways Joins United in Bankruptcy; Delta Could Follow NYT
With pensions teetering, benefits disappear AP
Other companies are closely watching what would be the largest corporate pension default ever in the United States, some likely pondering scrapping their own funds to help remedy their financial ailments...
Rubin criticizes Bush's fiscal policy CBSM
Not a murmur as America's budget deficit soars Times Online
Offshore: U.S. workers face job drain The C-Enquirer
Pensions 'to pour $250bn into hedge funds' FT
Some funds are still backing managers against investors' wishes Morgenson
The votes were secret, so funds could side with management and know that none of their clients would be the wiser. Until now.
Companies End ‘Poison Pill' Defenses Amid Shareholder Ire Bloomberg
A record 31 companies, including Raytheon Co. and Staples Inc., abandoned anti-takeover defenses, spurred by shareholders who say they hurt investors.
"Beware of the End of the World (Wide Web)," Says Intel Forbes
New vehicle sales hit the skids Newsday
Morgan Stanley, Goldman Sachs Paid Less as IPOs Stall Bloomberg
Fears over independent research Times Online
Greased Lightning NYP (Byron)
One Month As Public Company Long Enough to Be A 'Scam. . . FWire
The Big Sandy Slate
Obscure economic indicators, Part 4: Central Appalachian Coal Futures
Opec's new price shock Guardian
Producers to send warning to consumers and companies
$50 Oil: A Spreading Slick of Pain Business Week
Asians Would Conquer Europeans With a G-4 Bloomberg
China's August Inflation Stays at 5.3%, a 7-Year High B
China Eyes More Measures to Slow Economy AP
India raises cash-reserve rule for banks IHT (BL)
India: Lots Of Bull In The Stock Markets Financial Express
Canadian Economy strains against production limits Globe & Mail
How industry could gain in a post-oil economy Independent (King)
Atomic Activity in North Korea Raises Concerns NYT
North Korea in mushroom cloud riddle Guardian
At Least 80 Civilians Die in Iraqi Violence WP
Weekend Edition (Sept 11-12)
US Airways Files for Chapter 11, Its 2nd Bankruptcy Since '02 Bloomberg
Rosy outlook from Greenspan fails to sway many economists AFP
Speeches ignore impending U.S. debt disaster SF Gate
No mention of fiscal gap estimated as high as $72 trillion
Credit risks creep into housing market NCTImes
Hedge funds: a bubble set to burst? Stuff.co.nz
Day of Reckoning Near for Some Airlines AP
9/11 observances planned CNN
The Week Ahead: Gaining Traction or In Traction? Â CIBCÂ PDF
The Problem of French Landscapers Mauldin
Bubble Bubble Mortgage Trouble PBear (Noland)
Tactical Silver Trends ZEA
The Dow Report -- Dangerous Times Financial Sense
Yes, But What are They DOING With Earnings? Elliott Wave
Investors edgy on earnings Reuters
Going with the (Free-cash) Flow CFO
Housing bubble building? MSNBC
Home-price gains likely to cool soon R (BL)
Mortgage lender under scrutiny Det FP
Nortel hires consulting firm Toronto Star
Qwest to pay $250m to settle with SEC FT
Newsday Circ Cut By 100,000 NYPÂ Audit Bureau Fails Big Test NYP
Suddenly, It's AMD Inside Business Week
US Airways Circles Bankruptcy Court TheStreet
Book Review: Rome Wasn't Burnt In A Day TownHall Amazon Link
The Real Deal on How Politicians, Bureaucrats, and Other Washington Barbarians are Bankrupting America
EU delays action on deficit-busters IHT
Pension crisis set to force up retirement age Scotsman
Housing crisis to deepen as builders down tool Times Online
“Armageddon August†on high streets has continued into September
China's imports to hit one trillion US dollars by 2010:minister People’s Daily
After Olympics, Greece Counts Cost of Economic Losses Scotsman
Hurricane Ivan slams into Jamaica BBC
Friday September 10
Spinning Its Wheels Morgan Stanley (Roach)
Pianalto: Current Fed Funds rate must rise WT
Deep in Debt, Deep in Danger Sennholz
The Dishonesty Thing NYT (R) (Krugman)
Producer Prices in U.S. Unexpectedly Fall 0.1%, Core Rate Declines BL BLS
U.S. Trade Gap Narrows to $50.1 Billion as Exports Increase, Imports Fall BL
The risks ahead for the world economy Economist
5 major risks threaten the world economy. 3 entre on the United States
The Bear's Lair: Growth that's no fun UPI
The sun also sets Economist
Never before have real house prices been rising so fast in so many countries
Market in Topping Process Comstoc``````````k Waning Strength Schaeffers
Federated's Lehman Shuns U.S. Stocks as His Fund Beats S&P 500 Bloomberg
Steven Lehman is avoiding the U.S. stock market in his $1.7 billion Federated Market Opportunity Fund because he says equity prices may be lower 10 years from now.
How Many Economists Does It Take to Use a Map? Elliott Wave
Health Care Premiums Jump 11.2 Percent AP
Fourth Consecutive Year of Double-Digit Increases
Salary Increases at Record Lows -- Moderate Improvement Projected in 05 Hewitt
How long will the world's oil last? MSNBC
House votes to block OT rules Reuters
EDS Expects to Cut Up to 20,000 Jobs Reuters
US Airways Seen as Likely to Declare Bankruptcy NYT
Alaska Airlines to Cut Nearly 900 Jobs Reuters
Frontier Trims Flight Schedule by 13 Pct. AP
US airline industry in tailspin to disaster Independent
What Intel’s 5 big problems mean for tech MSN (Jubak)
Cisco sees more rivals from Asia IHT (BL)
GM eyes economy, more cost cuts CNN/Money
No. 1 automaker says it doesn't see things getting better, may have to tighten belts even more.
Program Trading Averaged 59.4% of Volume during Aug. 30-Sep. 3 NYSE
A New NYSE: The Winners and Losers Wall St & Technology
Will courts kill Big 4 audit firms? Norris
Bear’s Spector: $160M Pay Day NYP
Feds Chase Tomo NYP
Eisner to Step Down as CEO in 2006 -WSJ Reuters
Hurricanes a boon for some businesses AP
China Bashing 2004 IIE PDF
Evaluation of the most contentious trade disputes between China and the United States
Is China replacing America? PhilStar
Japan Unexpectedly Lowers 2Q Growth Estimate; Stocks, Yen Drop BL
Core machinery orders slipped 11.3% in July Japan Times
China's Industrial Output Has Smallest Gain in a Year BL
China may replace Canada as top U.S. trading partner Toronto Star
Stocks plunge to five-year low China Daily
Sina: Risky business in China CNN
Chinese officials embezzling billions, fleeing the country Knight Ridder
China's factories face labour shortage Straits Times
A Chinese Puzzle Surprising Shortage of Workers WSJ
Scores of slaves sustain Brazil's export market Knight Ridder
Australia: Economist warns of recession ABC
A Real Estate Boomlet in Latin America Wharton
Experts keep calm as house prices plummet SurreyOnline
NZX cracks whip to reassure investors New Zealand Herald
The stock exchange has demanded broking firms sign statutory declarations and arrange external audits of their client fund accounts to reassure investors that Access Brokerage's financial meltdown is an isolated incident...â€ÂAnd if it shows that someone's not [in balance] then we will go in like a grizzly bear."
Investors need faith as broker goes under Stuff.co.nz
Khodorkovsky Says He Regrets Nothing, Expects to Lose Yukos Moscow Times
Mitsubishi Tokyo Offers $6.4 Billion Bailout for UFJ to Head Off Rival Bid BL
Blind man has insight on Arizona real estate Arizona BG
“It was an extremely ugly auction. And that's something nobody wants to see, not the Street and certainly not Treasury given the amount of borrowing they have to doâ€Â Reuters
Thursday September 9
Alcoa Warns 3Q to Miss Analyst Views AP Alcoa
“...market softness in the automotive, packaging and European end markets will affect the third quarter results...â€
Chipmakers cut 3Q sales targets due to weak demand CBSM
Mitsubishi to Cut 1,200 Jobs at Ill. Plant AP
U.S. Treasuries Fall After Demand at Government Auction Drops BL
Crude Oil Jumps as Report Shows Supplies Declined More Than Forecast BL
Dollar Nurses Post-Greenspan Loss Reuters
U.S. Economic Growth Estimates Lowered by Economists for the 2nd Half BL
Between Greenspan Lines Is Concern TheStreet
The Great Macro Profit Illusion Richebacher
Of Course Investors Can Beat the Market Mises
House OK's Disclosure of Pension Info Reuters
Newmont Responds to New York Times PRNews
US Airways Eyes Chapter 11 USAT
Coca-Cola Enterprises Cuts 2004 Outlook AP
Delta to cut up to 7,000 jobs, bankruptcy 'a real possibility' AP
Franks Nursery & Crafts files for Chapter 11 Det FP FNCN
85-Year Old lassy Formal Wear declares bankruptcy Globe & Mail
Chico's FAS, Inc. Updates September Sales Trend Reuters
Haverty Furniture Reports Sales for August PRN
Bear Stearns Bulls Shrug Off SEC Probe TheStreet
Change of guard in BMC finance HC
Typical of Enron Houston Chronicle
Request for a $25 million bonus is another unseemly attempt by executives to transfer company assets to their own pockets.
U.S. group to petition Bush on China yuan - report CBSM
China warns U.S. over textile limits NYT
Brazil wins trade battle - report CBSM
Nikkei Ends Down 1 Percent After Surprisingly Weak Data Reuters
China's Economic Data May Send Mixed Signals to Policy Makers Bloomberg
Too much red tape leaves Brazil's economy lagging Miami Herald
Korea braces for short-term IT slowdown Korea Herald
VW Says 30,000 Jobs at Risk if Talks Fail Reuters
Deadly car bomb rocks Jakarta CNN
Wednesday September 8
Consumer Borrowing Jumps by Largest Amount Since January Reuters
Texas Instruments Trims Revenue Estimates Reuters
Dethroning the dollar CBSM
The U.S. dollar is moving closer to surrendering its status as the world's benchmark currency.
Quattrone Gets 18 Months for Obstruction of Justice
Quattrone: “I humbly ask that you show mercy and compassion for me and my familyâ€
Judge: “There's $50 million of assets out there to take care of Mrs. Quattrone and $26 million to take care of Cristina in some trust fundâ€
Fed’s Beige Book FED
Economic activity continued to expand in late July and August, although several districts indicated that the pace had slowed since their last reports
GM Hikes Incentives After Weak Sales Reuters
“Some dealers said that they have too many of GM's 2004 models sitting unsold on their lots and are reluctant to take more deliveries.â€
Wal-Mart CEO: Consumers Affected by Gas AP Retail Conference
Testimony - Chairman Alan Greenspan Fed Dollar Falls Vs Euro R
“The most recent data suggest that, on the whole, the expansion has regained some traction.â€
Francis, Late Holiday Hit Chain Sales Reuters
Mortgage Applications at 4-Month High MBA
U.S. mortgage delinquencies up, foreclosures down Reuters MBA
Stocks sweat it out CNN/Money
Futures point to lower open as worry pervades tech sector; Fed chief's House testimony awaited.
Greenspan Likely to Repeat Optimism on Economy Berry
Dollar Halts Decline Versus Euro Ahead of Testimony BL
Dangerous Trends: The Growth of Debt in the U.S. Economy Baker PDF
Wall Street in Dreamland Forbes
The financial world remains, alas, dangerously divorced from economic reality. The speculative fever of the 1990s persists to this day. Watch out.
Ignore the Hype: Employment Still Weak Comstock
Finding reasons to rally G&M (Ingram)
UCLA report: U.S. economy to grow at moderate pace AP UCLA
"We don't see any significant chance of the economy picking up the way Wall Street and Washington are calling for"
IMF director: U.S. should cut deficit Reuters
Everything (Un)Hinges On The US Consumer PBear (Auerback)
Pension security growing concern AP
Privatization will sabotage Wall Street CBSM
Wall Street's blind, obsessive greed and stupidity constantly amaze me...
The fundamentals tell a different story -- a scary one Fortune (Intro Only)
“The market isn't acting rationally. It's now an emotion-driven market where people are buying on the expectation of future appreciation."
Fleeting deduction could fuel fourth quarter TheStreet
A potential surge in orders may hit late in the fourth quarter, as management rushes to take advantage of this rule before its expiration.
Selling Reprieve for Tech Likely Temporary TheStreet
Memory superhighway Economist
Intel’s wobbles, frothy multiples and the (umpteenth) commoditisation of new technologies
IT Job Market Grows But Outlook Shaky Reuters
Inventory Glut May Hurt Big Three Earnings Forbes
Ford's Hazelwood plant will end 2nd shift Jan. 3 Post-Dispatch
Delta to Cut up to 7,000 Jobs to Reduce Costs, Grinstein Says Bloomberg
US Airways' Numbers May Not Fly BW
Quattrone fate hangs on perjury allegations NYT
Invesco, AIM settle fraud charges CBSM
AFC Sues Arthur Andersen CFO
Newmont illegally disposed of mine waste, Indonesia says Denver P
Crude Oil Falls as Purmono Says OPEC Can Boost Output Capacity Bloomberg
Oils Rebound Shaeffers
Before you put money into a 529 college savings plan, do your homework DetFP
World Faces a New Domino Effect From China Bloomberg
Chinese stocks risky until hot economy cools CBSM The China Factor Hook
EU growth hit by slow spending IHT
Pensions shambles that no one wants to grip Independent
Bank of Canada raises overnight rate by 1/4 point BofC
Central bank governor: interest change up to figures for August People’s Daily
Terror Won’t Affect Russia’s Credit Rating -- S&P MosNews
Fewer Asians live on less than $1 a day CS Monitor
Scorching House Prices Spark Bubble Fears All Africa
Setback for GM in Chinese piracy case FT
Debt load may weigh on China Netcom IPO Bloomberg
Investec's former tax chief is jailed for fraud Times Online
The death of cash Mecury News
Tuesday September 7
Federal Deficit Reality -- Part II Gillespie
Job reduction announcements increased 6.6% in Aug to a 6-month high CBS
CBO Projects $442 Billion Federal Deficit Reuters CBO
Helicopter Money Hussman
Global: Rebalancing or Relapse? Morgan Stanley (Roach)
United States: The Growth Conundrum MS (Berner)
Bond slump shows fragility of US recovery Independent (King)
Boasting About Job Growth A Dangerous Game For GOP NYP (Crudele)
Tech: Back to Earth with a Thud Business Week
Intel's warning of below-expectations earnings banished the last, fading hopes of an industrywide boom
Deflation Delayed is not Deflation Denied! 321
Uncertainty rules as historically bad month begins AP
Home-Price Rise May Slow, Hurting Confidence in Economy B
Pricey areas may be first victims Sign On S
Booming U.S. housing market cools Globe & Mail
Speculators reselling condos raise fears of an unstable market
S-California Region Sees More Homes on the Market LAT (R)
The supply of homes for sale had more than doubled to 22 weeks at the end of August, compared with nine weeks in 2003
Land boom can go with wind Miami Herald
Images of potential buyers camping out in front of the sales office in downtown Hollywood are a spooky reprise of the long lines of buyers photographed outside real estate offices in the early 1920s.
Home-sale frenzy baffling Arizona Republic
Tax Break May Be Hiding In Your Home WSJ
Economists take bleak view on global growth The Standard
Is outsourcing hollowing out the US economy? Brookesnews
Despite a growing economy, real wages are dropping as are benefits Duluth
Editorial: Pensions/Minneapolis faces a crisis Star Tribune
Colorado: Economic recovery lagging Rocky MN
Chipmakers Feel an Unseasonable Chill BW Intel, NSM, ASML cut CBSM
Allstate, Ace Face Less-Than-Expected Storm Losses Bloomberg ALL
Six Flags under pressure TheDeal
Perle says now that he was misled by Black NYT
U.S. Army to rebid giant Halliburton contract - WSJÂ Reuters
Former Merrill Lynch banker seeks millions G&M
Funds opt for the quick sale strategy FT
‘Buy and hold’ is being increasingly abandoned by the professionals, with US mutual funds holding stocks for an average of just 10 months, a record low.
Big hedge fund inflows give cause for concern FT
Time To Hedge On Hedge Funds? Business Week
Hedge Fund fees under attack again as returns falter Hedgeco
Hedge funds helped fuel oil price stampede, BIS says Bloomberg
BIS Quarterly Review ~ International Banking and Market Developments BIS
China to Let Individuals Trade in Gold AP
China may triple gold demand Shanghai Daily
Gold May Rise on Oil-Cost Risk to Growth, Survey Says BL
The resignation of Bundesbank President Ernst Welteke in April may have made Germany's plans to sell 600 tons of gold less likely...
Gold producers cut hedging, bullish on price Mining Weekly
Barrick sees gold hitting 1998 highs MW
Buffett revealed Business Standard Book: The Real Warren Buffett
Excerpt: The State of Working America 2004-05Â EPI ($)
Europe is reaching crisis point Observer
Japan's foreign reserves hit record high in August AFP
China's advantage in low labor cost will remain in coming decade, report PDaily
Shops blame rate rises for sales fall Guardian
"These figures should sound warning bells even in the usually deaf ears of the MPC that the consumer economy is increasingly fragile in the crucial run-up to Christmas and cannot sustain another rise in interest rates."
Paris warns retailers over discounts Bloomberg
U.S. Real Estate Investors Eye Mexico Reuters
Korean Economy, a Replay of Japanese Recession in the 1990s? Donga
Weather can prove to be hot commodity Chicago Tribune
"Interest rates have Alan Greenspan - We have Mother Nature.â€
$9 Trillion Didn't End Poverty -- What to Do? CATO
Building a better toilet: inventors are still fixated NYT
Weekend Edition (Sept 4-6)
America's next shock may be debt, not oil NYTÂ Gross
In 1929 speech, Babson College founder warns of stock market crash MetroN
Saudi cut sees oil price ease Times Online
Barreling toward disaster SF Gate
Frances Seen Less Costly Than Feared Reuters
Weakening Frances pushes inland CNN
Frances Roars Into Fla., Cuts Power to 2M AP
Storms Could Destroy Fla. Citrus Industry AP
Is Business Spending Really Going Up? AP
Slowing Housing Market May Stir Inflation Reuters
As rising interest rates help cool the housing market and the rents start heating up, inflation, as measured by the CPI, will go from being understated to being overstated.
Finally, a way to short the bubble Globe & Mail
Playing the U.S. housing market may no longer require actually buying a home
“Girlie-Man’ Market Spooks Investors NYP
Blazing U.S. Profit Growth to Cool Reuters
Single Derivative Investing Mauldin
September Option Advisor Commentary: What Fear? Schaeffers
Gold Bulls' Three Stages Zeal Silver Poised to Skyrocket 321
Central Banks May Sell Less Gold Than Planned UBSÂ PDF
Credit Bubble Bulletin PBear (Noland)
Medicare premiums to jump 17% Reuters HHS
Baby Boomers and Their Retirement Plans: 'Groupthink' and the Stocks-for-Retirement Cycle Parker
Cantor Fitzgerald Sues Saudis for Losses Reuters
Black: State of Denial NYP
Costco's Move Into Coffins Wakes Up A Struggling Industry IBD
Continental stops paying pensions Reuters
Brewers Toast Price Hikes, But Not Demand Reuters
China's Great Depression Financial Sense
Housing boom over as Halifax reports first fall for 2 years Independent
Experts warn of house price plunge Times Online
Middle classes fall for the new “superloans†Times Online
â€Armageddon August†spooks the high street Times Online
Alitalia Reportedly to Cut 5,000 Jobs Reuters
US Payrolls: Still Not Good Enough CIBC PDF
Payrolls up, but growth remains moderate EPI
The share of the adult population in the labor force fell slightly last month from 66.2% to 66.0%, and remains 1.1 percentage points below its level at the end of the last expansion in March 2001
Labor Daze -- The August 2004 Employment Situation Northern Trust
Service-Sector Growth Slows to a 2004 Low ISM
Friday September 3
Intel Does a Job on Tech Stocks TheStreet
3Com Lowers Revenue Forecast, Shares Drop Reuters
U.S. Economy Adds 144K Jobs in August Bloomberg BLS
Global: Confessions of an Economic Girlie-Man Morgan Stanley (Roach)
US Earnings Deceleration: Home Grown or Global? MS (Berner)
Watch for the US pre-election rally! Faber
Economic Cycle Peaking? Comstock
It could take 4 years to see cheap stocks again WSJ (Clements)
The God Must Be Crazy Tech Central
Somewhere along the story line, my lifeguard [Mr. Greenspan] seems to have turned into a kind of tired Arthur Miller Narcissus, increasingly entranced by his own reflection among the crests of speculative bubbles and the valleys of soft spots.
The Herd Instinct The Inquirer
Between 2001 and 2003 property taxes rose an av. of 10% nationwide WSJ
Fund buying continues to slow CBSM
TT: “Buying interest is slower than at any time in the last decadeâ€
What Keeps a Grand Pooh-Bah Up at Night? Elliott Wave
Weak Wage Growth Signals Risk to Spending Reuters
The Missing Shoppers NewsWeek
Intel Forecast Raises Concern Chip Demand Faltering Bloomberg
Intel proves tech bears right CBSM
Kmart stock surge angers ex-investors DetNews
Johnson Matthey plans to close UK gold refinery FT
Continental lays off more workers HC
New Canadian Hedge Fund offers 100% capital guarantee HedgeCo
Chamber sues SEC over mutual funds rule FT USChamber
The Chamber of Commerce has for the first time sued the Securities and Exchange Commission...
US politicians are bankrupting America's future IIEÂ PDF
“We shall not pass our problems on to the next generation.â€Â Well who the hell do we think were passing them onto?
Amazon:Running On Empty: How The Democratic and Republican Parties Are Bankrupting Our Future and What Americans Can Do About It
The 25 percent scandal: Survey: Most shrug off investing revelations BHerald
Survey: Financial Executives Support Stock Option Expensing Accountingweb
Yukos warns of civil unrest after state freezes salary payments Tele
Yukos Statement Yukos
“...the uninterrupted supply of fuel and petroleum products to over 40 regions of the Russian Federation will be jeopardized.â€
Russia raises YUKOS's 2001 back-tax bill to $4 bln Reuters
UK house prices go into reverse BBC
Australia: Housing market bubble losing air PM
Rates will rise, says former governor The Age
New battle over Chinese textiles NYT
$400,000-a-month flat rent heralds return of crazy days Standard
Indian Prices Rose 8.17%, More Than Analysts Forecast Bloomberg
Argentina Bonds Rise on Expectations of Higher Default Payment Bloomberg
GM Daewoo, Ssangyong cutting rates Korea Herald
Argentine Companies Step Up Borrowing Against Assets Bloomberg
South Korean Banker Faces Regulator's Wrath Bloomberg
Text of President Bush's speech at the Republican convention KCS
In Defense of Empires AEIÂ PDF
Frances cost could hit record $35B CNN
Early estimate would make storm No. 1 U.S. catastrophe in history
Will insurers suffer "The Big One"? IJ
Insurers say they'll handle double hit AP
Thursday September 2
Intel Cuts Revenue Outlook, Shares Fall Reuters Intel
Intel Corporation expects revenue for the third quarter to be between $8.3 billion and $8.6 billion, as compared to the previous range of $8.6 billion to $9.2 B...
Norris: Uncle Sam is source of wage boost IHT
US Companies Speed Up Buyback Pace AP
“Maybe it's just something they do because there isn't anything else to be done with the cash.â€
U.S. July factory orders up 1.3% Census
U.S. Initial Jobless Claims Rose 19,000 Last Week to 362,000 Bloomberg
Productivity Grows 2.5 Percent in Spring Reuters BLS
Crude oil futures keep big gains FT
YUKOS Warns of Cut After Funds Seized Reuters
Retailers Post Disappointing August Sales AP
Wal-Mart Stores Inc., Limited Brands and Costco Wholesale Corp. were among the companies issuing reports of sluggish sales Thursday
Wal-Mart cuts Q3 net, sales forecast CBSM
Housing inflation remains in force Mecury News
-- House Price Index Shows Largest 1-Year Increase Sine 1970s OFHEOÂ PDF
The devil's in the job report details CBSM
George and the Jobs Report Business Week
Bush Has a Lot Riding On Friday's Report NYP (Crudele)
Wall Street is ex pecting the government tomorrow to report a big jump in employment in August. I think.
The Twin Deficits: Myths and Truths Mises
Bull awakens from longest funk since '48 USAT
What Went Wrong? Claremont Institute
A review of Rethinking the Great Depression, by Gene Smiley
Girlie-men economics era dawns CBSM
Cement prices rising as region facing a shortage Cincinnati Post
Intel Skeptics Ponder Top-Line Confession TheStreet
Nortel Results Delayed Until End October Reuters
Halliburton Uncovers Bribe Plan Reuters
Commerce Bank Probed by NASD Over Contributions for Bond Deals Bloomberg
Ken Lay cries foul play CNN
Is China's GDP Just ‘An Accounting Artifact'? Bloomberg
China's central banker warns on capital flows Bloomberg
Asia/Pacific: Declining Profits Ahead Morgan Stanley (Xie)
German Unemployment Increases Most in Five Months Bloomberg
Australian House Prices Drop, Building Approvals Fall Bloomberg
British watchdog scrutinizes UFJ over earnings oddities Asahi
Bank of Ireland Is Fined for Breach AP
Bank of Ireland Fined Is for Breaching Money-Laundering Safeguards
General Motors and Ford Motor have announced that they plan to cut car and truck production in the fourth quarter by as much as 7 percent because vehicles are piling up unsold in inventory. NYT
Wendesday September 1
GM Sets Lower Production Target Reuters GM
Ford Reports Sales Drop, Cuts Production AP
Oil Surges After U.S. Reports Supplies Fell More Than Expected Bloomberg
Mortgage Applications Down MBAA
August ISM Manufacturing Index Falls to 59 From 62 BL ISM
July Construction Spending Rose 0.4% to Record $997.2 Bln BL Census
Philosopher’s Stone Pimco (Gross)
Of Scalloped Potatoes and Coconut Cream Pie Pimco (McCulley)
Over A Barrel Contrary Investor
Economic Expansion Significantly Below Average Comstock
Bonds Won't Get Off Stage TheStreet Surprising Strength USAT
Gross told Bloomberg on Tuesday that the market now expects only one more quarter-point hike from the Fed for the considerable future.
Are Fund Mangers in "Duck and Cover" from the Stock Market? Elliott Wave
S&P 500 Real Earnings Yield (Chart) COD
'Ownership Society's' bogus balance sheet CBSM (Farrell)
Axioms of the Global Economic Order Droke Daughty - Market Manipulated?
Older homeowners turn to reverse mortgages for retirement funds SacBee
The number of reverse mortgages has risen from fewer than 8,200 in 2001 to 21,600 last year. At the current pace, the number should almost double this year to nearly 40,000...
Fall From Frugality Puts San Diego on Fiscal Brink LA Times
Inquiry accuses Black of $400m 'theft' TOnline Painting it Black Ingram
Spitzer warns “arrogant†GSK over trials FT
Court to Freddie Mac: pay ex-CEO Reuters
SEC fines 3 in Invesco market timing Denver Post
United looks at cutting 6,000 more jobs FT
Fiat announces temporary closure of two factories AP
Bombardier likely headed to junk by Moody's Reuters
Google may not be evil, but it's not investor friendly, either AP
Schaeffer on Charts: A Euro Sandwich Schaeffers
Joint BIS-IMF-OECD-World Bank statistics on external debt BIS
Trade partners get OK to attack dumping law USAT
European Economies: Manufacturing Slowed in August on Oil Gains Bloomberg
Fear of house price fall as home loans plunge Times Online
Are UK house prices closer to crashing? BBC
Predicting the next housing market crash is in danger of toppling football as the UK's favourite pastime.
Pensions' love affair with stocks in question Reuters
CDA: Export Bonanza Keys Hearty GDP Gain CIBC PDF
Toothless SESC rues failure to protect investors Japan Times
Watchdog watches cheats go scot-free, little guys get hurt
Exotic debt traders turn to Cuba FT
Hooters sets its eyes on India MSNBC
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